New Delhi: Hyundai Motor India Ltd (HMIL), the Indian arm of South Korean automaker Hyundai, has filed preliminary papers with Sebi to launch an initial public offering (IPO). The company's IPO, if it goes through, would be the largest in India, surpassing LIC's share-sale of...
New Delhi: The government has reduced windfall tax on domestically-produced crude oil to Rs 3,250 per tonne from Rs 5,200, with effect from Saturday. The tax is levied in the form of Special Additional Excise Duty (SAED). SAED on export of diesel, petrol and jet...
Introduction The Bombay Stock Exchange (BSE) stands as a cornerstone of India's financial architecture, being the oldest stock exchange in Asia. Established in 1875, the BSE has not only facilitated the growth of capital markets in India but has also played a pivotal role in...
San Francisco: Tesla stockholders have overwhelmingly approved the $56 billion pay package (now valued at $44.9 billion) for the company’s CEO Elon Musk, along with reincorporating the electric vehicle company in the US state of Texas, moving it from Delaware. The Tesla board won approval...
New Delhi: India's merchandise exports in May 2024 rose by 9 per cent to $38.13 billion, from $34.95 billion in the year-ago month, according to government data released Friday. Imports too increased by 7.7 per cent to $61.91 billion, from $57.48 billion in May 2023....
Mutual funds have emerged as one of the most popular investment options for individuals seeking to grow their wealth steadily over time. In this comprehensive guide, we delve into the intricacies of mutual funds, exploring their benefits, types, and key considerations for investors. Understanding Mutual...
Mumbai: Benchmark equity indices Sensex and Nifty hit their new closing lifetime highs Friday, following buying in market heavyweights HDFC Bank, Reliance Industries and Mahindra & Mahindra amid encouraging export data. Rising for the third straight session, the 30-share BSE Sensex climbed 181.87 points or...
New Delhi: The wholesale inflation rose to a 15-month high of 2.61 per cent in May, as heatwave conditions pushed up prices of food items, specially vegetables, and on costlier manufactured products. The wholesale price index (WPI) based inflation has been rising for three months...
New Delhi: Indian equity benchmarks closed in the green Thursday following inflation decreases in India and the US. At closing, Sensex was at 76,810, up by 204 points or 0.27 per cent, and Nifty was up by 75 points or 0.33 per cent, at 23,398....
New Delhi: The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet June 22 to take a look at the taxes being levied on goods and services ahead of the full Union Budget which is likely to be presented in July. "The 53rd meeting...
On paper the BRICS summit being held in Kazan, Russia, from 22 October to 24 October aims at strengthening multilateralism...
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In electoral politics the ruling dispensation often tries to offset the anti-incumbency mood of the electorate by changing the head...
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A Bangladeshi court ordering an arrest warrant against Sheikh Hasina on 17 October has only aggravated New Delhi’s predicament vis-à-vis...
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The international rules-based order is a euphemism for the jungle rule that defines global power politics. “The strong do what...
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