Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday on positive global cues. While Nifty50 was above 26,000, BSE Sensex was up over 350 points. At 9:34 AM, Nifty50 was trading at 26,011.15, up 126 points or 0.49%. BSE Sensex was at…
MUMBAI: Money sent overseas under RBI’s liberalised remittance scheme rose to a 13-month high of nearly $2.8 billion in Sept, driven by travel spending. The outflow was nearly 1% more than the $2.76 billion recorded a year earlier and 5% above the $2.6 billion in August. Under the scheme, resident individuals can freely remit up…
NEW DELHI: Finance minister Nirmala Sitharaman Tuesday emphasised on simplification in processes and making systems more user-friendly in a review meeting with regional directorates and registrar of companies.In the meeting, the FM directed ministry of corporate affairs (MCA) that a live dashboard may be built to ensure that more transparency is brought to the systems….
MUMBAI: Indian Continent Investment, a promoter group entity of telecom services major Bharti Airtel, is eying to mobilise about Rs 7,200 crore (about $806 million) by selling about 3.4 crore shares, translating to nearly 0.6% of the company’s equity) through block trades on Wednesday. Goldman Sachs India is managing the offer, the term sheet for…
NEW DELHI: India and Israel will soon begin negotiations for a free trade agreement (FTA), commerce and industry minister Piyush Goyal said on Tuesday and asserted that quick estimates show that merchandise exports have grown in November. “We will shortly be commencing negotiations virtually to begin with and moving into an early stage early harvest…
NEW DELHI: Tata Motors fired fresh competition in SUV market with launch of Sierra at an aggressive entry price of Rs 11.5 lakh (ex-showroom), aiming to take on Hyundai Creta, Maruti’s Grand Vitara and Mahindra’s Thar and Scorpio-N.The Sierra is an iconic SUV nameplate of nineties that the company has revived almost after 25 years….
New Delhi: Chief executives of public sector banks have asked to personally monitor top 20 cases pending for admission and top 10 accounts pending for resolution at the NCLT. This was conveyed during a review meeting undertaken by the secretary, department of financial services (DFS), M Nagaraju. The meeting was attended by senior officials of…
MUMBAI: Call it the impact of new age D2C brands bringing about a shift in consumption patterns as they build products to cater to different consumer nuances, or more households going premium helped by rising incomes, global FMCG giants are bringing foreign brands to India. Be it PepsiCo getting its Australian gourmet snacking brand Red…
NEW DELHI: Employment in the country’s unincorporated sector was estimated at 12.9 crore in the July-Sept quarter, almost at the same level as in the previous quarter, a survey showed. The quarterly bulletin of unincorporated sector enterprises released on Tuesday by the statistics office showed that the number of establishments increased from 7.9 crore in…
Implementation of the new labour codes is expected to deliver a Rs 75,000-crore consumption boost and raise the share of the formal workforce by at least 15 per cent, according to a research note by economists at SBI on Tuesday.The four codes, enforced from November 21, will also expand social security coverage to up to…
