with an aim to review the various aspects of the Income Tax Act 1961, Finance Minister Nirmala Sitharaman has chaired a meeting with Revenue Secretary Sanjay Malhotra, Secretary, Central Board of Direct Taxes (CBDT) chairman Ravi Agarwal, and senior CBDT officials. The finance ministry said that Malhotra informed the Finance Minister that 22 specialised sub-committees … Read more
As private consumption surges in smaller cities and towns in India which is driven by high pent-up demand and premiumisation wave, the e-commerce platforms registered more than Rs 1 lakh crore in gross merchandise value (GMV) in the month-long festive season. According to industry data, this is more than 20 per cent growth from last … Read more
Mahindra & Mahindra is currently trading at Rs. 2884.50, up by 1.25 points or 0.04% from its previous closing of Rs. 2883.25 on the BSE. The scrip opened at Rs. 2860.80 and has touched a high and low of Rs. 2889.90 and Rs. 2850.00 respectively. So far 2724 shares were traded on the counter. The … Read more
India has reached an impressive 90 GW of installed solar capacity and is moving steadily forward towards its broader goal of 500 GW of renewable energy capacity by 2030, Union Minister of New and Renewable Energy, Pralhad Joshi, said on Monday. Addressing the 7th General Assembly of the International Solar Alliance (ISA) here, the minister … Read more
Maharatna public sector companies NTPC and ONGC have collaborated to form a Joint Venture Company (JVC) through their green energy subsidiaries – NTPC Green Energy Ltd. and ONGC Green Energy Ltd, to give a push to their expansion plans in the renewable and new energy sector. “Subsequent to the signing of the Joint Venture … Read more
The Indian rupee is poised to open at a lifetime low on Tuesday as market participants eye the U.S. presidential election, which polls suggest is virtually a coin toss. The 1-month non-deliverable forward indicates that the rupee will open at 84.14 to the U.S. dollar, inching past the current all-time low of 84.1225 hit on … Read more
Stock markets moved sideways and an uneasy calm settled over currencies and bonds as investors waited for the United States to choose a new leader with polls showing the contest on a knife edge. Oil held sharp overnight gains on delays to producers' plans for increased output, leaving benchmark Brent crude futures at $75.08 a … Read more
Oil prices eased slightly on Tuesday as markets braced for uncertainties from the U.S. presidential election, after rising more than 2% in the past session as OPEC+ delayed plans to hike production in December and eased supply concerns. Brent crude futures fell 15 cents, or 0.2%, to $74.93 a barrel by 0106 GMT while U.S. … Read more
The dollar started Tuesday on the defensive as traders squared positions on the day of the U.S. presidential election, after recent polls dented some of the market bets on a victory for Republican Donald Trump. Democrat Kamala Harris has also experienced improving odds on election gambling sites and has a slight lead on PredictIt, although … Read more
Gold traded in a narrow range on Tuesday as investors stayed away from taking big positions ahead of the U.S. presidential election and the Federal Reserve policy meeting later this week. Spot gold ticked 0.1% down to $2,733.39 per ounce by 0225 GMT. Bullion hit a record high of $2,790.15 last week. U.S. gold futures … Read more