As the festive season approaches with Diwali and Dhanteras, gold and silver prices are reaching new highs. The price of 24-carat gold is nearing the Rs 80,000 per 10 gm mark, driven by the usual surge in demand during this time. Gold purchases around the festive season are common, both for investment purposes and as
Reliance Power on Thursday said its shareholders have approved the company’s plan to raise Rs 1,525 crore through the preferential issue of equity shares. The proposal received shareholders’ approval with 99.5% voting in favour of the resolution, via postal ballot, the company said in a stock exchange disclosure. Reliance Power announced its plan following the
Syrma SGS Technology, an electronics systems design and manufacturing (ESDM) company, has inaugurated a new integrated electronics manufacturing facility in Ranjangaon, near Pune. The 26.5-acre facility focuses on assembling printed circuit boards (PCBs) to meet the growing domestic demand, particularly in the automotive and industrial sectors. The first phase of the facility, launched on Thursday
Travel-tech company Oravel Stays, the parent of Oyo, reported a net profit of Rs 158 crore in Q2FY25, reflecting a 20% increase over the Rs 132 crore profit recorded in Q1, founder and CEO Ritesh Agarwal announced during a townhall, sources said. Oyo’s revenue in Q2 surged by 12% to Rs 1,578 crore, up from
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a lacklustre opening on Friday. Here’s a look at the key stocks to watch in trade. GIFT Nifty ended down by just 3 points or 0.01% up at 24,456 indicating a flat opening for domestic indices NSE Nifty 50 and
As an observer India is closely watching the negotiations on the trade pillar of the Indo-pacific Economic Framework for Prosperity (IPEF) and would take a call on whether to join it or stay out after contours of the agreement are clearer. “We are not close to the idea nor have we committed to the idea
The negotiating team from Association of Southeast Asian Nations (ASEAN) will be in New Delhi from November 19-22 for the next round of negotiations on the review of Asean India Trade in Goods Agreement (AITIGA) as both try to complete the process by 2025. “Virtual discussions are going on on multiple tracks. We hope we
Consumer goods major Unilever hopes to put the focus back on its foods and refreshment business in India after the segment reported a 2% decline in underlying sales growth in Q2, led by downtrading in tea and subdued demand in nutritional drinks. Volume growth declined in low single digits as food inflationary pressures grow, the
The Budget 2025 has proposed to extend the time limit to file updated income tax returns (ITRs) for any assessment year from the current limit of two years to four years, but that comes at a cost. In her Budget 2025 speech, Finance Minister Nirmala Sitharaman announced a proposal to extend the time limit for
The government has tried to remove redundancies in the Income Tax Act-1961, under the Bill to be tabled next week. The language has been made simpler, to the extent feasible, and the presentation has been made user-friendly, Central Board of Direct Taxes (CBDT) Chairman Ravi Agarwal told Priyansh Verma in an interview. On the implementation
Despite a number of positive announcements in the Budget, the stock markets failed to cheer on Saturday, with the benchmark indices ending flat. Barring FMCG, real estate and consumer-driven sectors ― expected to benefit from tax-cut measures ― most other sectors saw a limited movement. Shares in infrastructure, oil & gas and energy sectors experienced
The combined market capitalisation of seven of the top 10 most valued companies surged by Rs 1.83 lakh crore last week, with Hindustan Unilever emerging as the biggest gainer. During the week, the BSE benchmark rose by 1,315.5 points, or 1.72%, while the Nifty gained 389.95 points, or 1.68%. Equity markets remained open on Saturday
Finance Minister Nirmala Sitharaman, in the Union Budget 2025-26, introduced significant changes to the New Tax Regime, tweaking tax slabs to make it more attractive for especially lower and middle-income taxpayers. With lower tax rates and minimal deductions, the new regime has been structured to simplify taxation, while the old regime continues to offer tax
