Wholesale inflation in India eased to 1.89% in November, down from 2.36% in October, with food prices, especially vegetables, seeing a significant drop. Food inflation decreased to 8.63%, led by a sharp reduction in vegetable prices. However, potato prices remained high at 82.79%. Fuel and power inflation saw deflation, while inflation in manufactured items rose […]
Indian stock markets ended in the red on Monday, mirroring their Asian peers. Sensex settled at 81,748.57, down 384.55 points or 0.47%. Similarly, Nifty ended 100.05 points or 0.40% lower at 24,668.25. Notably, broader markets outperformed the benchmarks. Midcap ended higher by 0.77%. This was followed by Smallcap index, which ended higher by 0.64%.
Infosys co-founder Narayana Murthy has once again defended his policy of working 70 hours a week. He said, “Infosys is compared to the best companies in the world. In comparison, Indians seem to have a lot to accomplish. With 800 million people in India receiving government rations, there is poverty at that level.
The Sensex and Nifty opened at fresh record levels in early trade today, December 16, 2024. The Sensex started trading today at 82000.88, down 132.24 points or 0.16%, and the Nifty was at 24753.40, down 14.90 points or 0.06%. Meanwhile, the Indian rupee was trading today at 84.80 against the dollar.
Bitcoin skyrocketed to a record high above $105,000 in early Asian trade on Monday, hitting $105,142 before settling at $104,666. The surge extends gains since Republican Donald Trump’s election in November, as he pledged to champion cryptocurrencies. Weekend reports of Trump planning a Bitcoin strategic reserve fund fueled the rally, boosting investor confidence.
Airtel has launched a new Rs 398 prepaid plan offering 2GB of 5G data daily, unlimited calls, 100 SMS per day, and a 28-day Hotstar Mobile subscription. The plan, available on Airtel Thanks, gives users access to sports, movies, and popular shows. Competing with rivals like Jio’s New Year Welcome Plan, this recharge is perfect […]
UPI has achieved a record 15,547 crore transactions worth Rs 223 lakh crore between January and November 2024, as per the Ministry of Finance. Launched in 2016, UPI has transformed India’s payment ecosystem, offering safe, quick, and easy transactions. The system’s global reach includes countries like France, UAE, and Singapore, while also expanding credit access […]
Maggi prices could rise starting January 1, 2025, due to Switzerland’s decision to remove India’s Most Favored Nation (MFN) status. This will impact Swiss companies like Nestle, which may face higher taxes on Indian income. If Nestle’s tax burden increases, the company could raise prices, including for Maggi. Switzerland claims India has not reciprocated favorable […]
Here are the 22-karat gold prices per 10 grams today in the top cities in India. ★Chennai: ₹71,400, ★Mumbai: ₹71,400, ★Delhi: ₹71,550, ★Kolkata: ₹71,400, ★Bangalore: ₹71,400, ★HYD: ₹71,400, ★Ahmedabad: ₹71,450, ★Jaipur: ₹71,550, ★Lucknow: ₹71,550, ★Vijayawada: ₹71,400, ★Patna: ₹71,450, ★Nagpur: ₹71,400, ★Chandigarh: ₹71,550, and ★Bhubaneswar: ₹71,400.
Here are the prices of CNG cylinders per kg today in the top cities in India. ★New Delhi: ₹75.09, ★Rewari: ₹79.70, ★Sonipat: ₹85.10, ★Bangalore: ₹86.85, ★Bharatpur: ₹93.60, ★Dewas: ₹96, ★Firozabad: ₹93, ★Hyderabad: ₹96, ★Mathura: ₹93.60, ★Meerut: ₹83, ★Mumbai: ₹77, ★NCR: ₹75.09, ★Vijayawada: ₹89, ★Ranchi: ₹87.15, and ★Thiruvananthapuram: ₹88.
Here are the prices of domestic LPG cylinders today in the top cities in India. ★Delhi: ₹803, ★Kolkata: ₹829, ★Mumbai: ₹802.50, ★Chennai: ₹818.50, ★Bangalore: ₹805.50, ★Bhubaneswar: ₹829, ★Chandigarh: ₹812.50, ★HYD: ₹855, ★Jaipur: ₹806.50, ★Lucknow: ₹840.50, ★Patna: ₹892.50, ★Trivandrum: ₹812, ★Nagpur: ₹854.50, ★Tirupati: ₹839, and ★Vizag: ₹811.
The central govt stated that UPI transactions worth ₹15,547 crore were completed in the last 11 months, with a total value of ₹223 lakh crore. It is mentioned that UPI services are already available in countries such as the UAE, Singapore, France, Bhutan, Nepal, and Sri Lanka. Notably, transactions worth ₹23.49 crore were held in […]
Switzerland revoked India’s Most Favoured Nation (MFN) status under the Double Taxation Avoidance Agreement following a 2023 Supreme Court ruling on the Nestle case. The decision increases dividend tax rates from 5% to 10% starting January 2025, impacting Indian firms operating in Switzerland. Experts view this move as retaliation, highlighting challenges in international tax treaties.