Mumbai, July 26 (UNI) Snapping 5-day losing trend, India’s benchmark indices rebounded on Friday as the BSE Sensex gained 1,292.92 points or 1.62 percent mainly on positive global cues and heavy buying in the index shares, while the NSE Nifty touched record high. BSE Senex closed at 81,332.72 after touching day’s high of 81,427.18 during…
New Delhi, July 25 (UNI) Adani Energy Solutions on Thursday posted a consolidated net loss of Rs 1,190.66 crore for the April-June quarter (Q1) of the current financial year 2024-25. The company had posted a profit of Rs 182 crore in the Q1 of preceding financial year 2023-24. “The company honoring its ESG commitment has…
Mumbai, July 25 (UNI) India’s benchmark indices continue to slide for the 5th consecutive day as the BSE Sensex fell over 109 points to close at 80,039.80 amidst weak global cues and after effect of budget 2024 proposal to increase tax on gains on equity investments. The National Stock Exchange (NSE) Nifty also fell 7.40…
Mumbai, Jul 23 (UNI) There was a mixed reaction to the Union Buduget for financial year 2024-25 presented by Union Finance Minister Nirmala Sitharaman in parliament on Tuesday from industry captains and businessmen. Ms Geetanjali Kirloskar, chairperson and managing director of Kirloskar Systems Ltd and member of CII National Council, said that Union Budget’s focus…
Bengaluru, July 23 (UNI) In a significant move to broaden its international reach, Air India Express on Tuesday inaugurated its first direct international service from Bengaluru to Abu Dhabi. The new route is set to enhance connectivity for travellers between India’s IT hub and the UAE capital. With Bengaluru being the largest station for Air…
Mumbai, July 23 (UNI) India’s benchmark indices remained under pressure for the third consecutive session on Tuesday as the BSE Sensex ended lower 73.04 points to settle at 80,429.04 as the union budget of Modi 3.0 failed to bring cheers among investors mainly due to budgetary proposal to increase the capital gains tax. The National…
New Delhi, July 23 (UNI) In a big push to the MSME sector, the government on Tuesday increased the limit of Mudra loan to Rs 20 lakh from existing Rs 10 lakh and announced a package that covers financing, regulatory changes and technology support for MSMEs to help them grow and also compete globally. “This…
New Delhi, July 23 (UNI) Union Finance Minister Nirmala Sitharaman on Monday announced an allocation of more than Rs 3 lakh crore for schemes benefitting women and girls. Presenting the Union Budget in Lok Sabha, she said, “This signals our government’s commitment for enhancing women’s role in economic development”. Recalling the focus on Women in…
New Delhi, July 23 (UNI) Seeking to support domestic manufacturing, deepen local value addition and promote export competitiveness, Finance Minister Nirmala Sitharaman on Tuesday proposed to fully exempt customs duties on 25 critical minerals and reduce basic custom duty (BCD) on two of them. “This will provide a major fillip to the processing and refining…
New Delhi, July 23 (UNI) In Union Budget 2024-25, Finance Minister Nirmala Sitharaman on Tuesday proposed to bring down the “Tax Deducted at Source” (TDS) from existing the 5 per cent to 2 per cent on eight types of earnings while omitting the section where TDS is 20 per cent. The items or payments which…
