The Sensex and Nifty opened at fresh record levels in early trade today, December 4, 2024. The Sensex started trading today at 80529.20, up 281.12 points or 0.35%, and the Nifty was at 24367.50, up 91.45 points or 0.38%. Meanwhile, the Indian rupee was trading today at 84.74 against the dollar.
The Group of Ministers (GoM) on Goods and Services Tax (GST) has proposed an increase in the current 28% GST on cigarettes, tobacco, soft drinks, and other related products to 35%. In addition, GST on clothing has been revised, with a 28% tax on clothes priced above Rs. 10,000. The GoM has also decided to […]
Pakistan’s annual inflation rate slowed to 4.9% in November, according to the statistics bureau, primarily due to a high base in the previous year. This rate was lower than the government’s forecast. The data suggests a decrease in inflationary pressures, providing a positive economic indicator amid ongoing challenges in the country’s financial landscape.
Anand Mahindra, chairman of Mahindra Group, responded to a critical tweet about the company’s car designs and service quality. The user compared Mahindra unfavorably to Hyundai. Mahindra acknowledged the critique but highlighted the company’s progress since the 1990s, when experts advised them to exit the car business. He thanked the critic for fueling the company’s […]
Indian stock markets ended December’s first session in positive territory. Sensex added 445.29 points or 0.56% to settle at 80,248.08. Similarly, Nifty settled at 24,276.05, up 144.95 points or 0.6% higher from its previous close. Notably, mid and small-cap stocks outperformed the benchmark on Monday, with Midcap and Smallcap indices settling with gains of 1.08% […]
Coal India Ltd (CIL), a state-owned company, increased its coal production by 2.4% to 471 million tonnes (MT) during the April-November period of the current financial year, compared to 460 MT in the same period last year. CIL, which accounts for over 80% of India’s domestic coal production, also reported a 1.7% rise in November, […]
After a $1.5 billion joint venture with China’s SAIC Motor to sell Morris Garages’ electric vehicles, JSW Group is set to launch its own EV brand as part of the Make in India. Chairperson Sajjan Jindal emphasized that the company aims to manufacture and add value in India, not just serve as a Chinese outpost. […]
Adani Green Energy Ltd shares surged 9% to ₹1,445 on Monday, marking its best session in nearly a year. The stock has risen 27% in the past year, with a 45% jump in the last week. Gautam Adani addressed US legal challenges, stating that the group has faced such issues before. Other Adani stocks, including […]
The Sensex and Nifty opened at fresh record levels in early trade today, December 2, 2024. The Sensex started trading today at 79672.84, down 58.92 points or 0.16%, and the Nifty was up at 24140.85, up 9.75 points or 0.04%. Meanwhile, the Indian rupee was trading today at 84.59 against the dollar.
India’s GST collection rose 8.5% to over Rs 1.82 lakh crore in November, driven by stronger domestic transaction revenues. The Central GST was Rs 34,141 crore, while State GST was Rs 43,047 crore. Domestic GST grew by 9.4% to Rs 1.4 lakh crore, and imports contributed Rs 42,591 crore. After refunds, net GST collection rose […]
Flight tickets are expected to rise as oil companies have increased aviation turbine fuel (ATF) prices by ₹1,318 per kilolitre, following a previous hike of ₹2,941.5. Current ATF rates are ₹91,856.84 in Delhi and ₹95,231.49 in Chennai. Since fuel costs significantly impact airline operating expenses, this increase is likely to lead to higher ticket prices, […]
Pan-India star Prabhas and director Maruthi’s upcoming film Rajasaab features Malavika Mohanan and Nidhhi Agerwal in key roles. Recently, Malavika shared an exciting update on the film’s progress, revealing that the shooting is nearly complete. Produced under the banner of People Media Factory, Rajasaab is scheduled for release on April 10, 2025.
Commercial gas cylinder prices have risen again. Oil marketing companies have announced an increase of Rs. 16.5 on the price of a 19 kg commercial LPG cylinder. As a result, the price of a commercial cylinder in Hyderabad has reached Rs. 2028, while in Vijayawada, it stands at Rs. 1962.50. Notably, this marks the fifth […]