Chief Minister Devendra Fadnavis on Tuesday tabled the bill to amend the Maharashtra Goods and Services Tax Act, 2017, in order to implement the decisions taken by the GST Council and to maintain uniformity in applicability of the provisions of the Central Goods and Services Act, 2017 and the state Act. The bill proposes … Read more
The domestic gold jewellery consumption (in value terms) is expected to continue its momentum in the current financial year with an estimated growth of 14-18 per cent year-on-year, according to an ICRA report released on Tuesday. This follows the sharp growth of 18 per cent in 2023-24, which was primarily driven by realisations even as … Read more
With an aim to minimize distress selling by farmers, the government has launched the Credit Guarantee Scheme for e-NWR based Pledge Financing (CGS-NPF). This scheme provides a corpus of Rs 1,000-crore for post-harvest finance availed by farmers against electronic negotiable warehouse receipts (e-NWRs) after depositing commodities in Warehousing Development and Regulatory Authority (WDRA) accredited warehouses. … Read more
Spot gold steadied on Tuesday ahead of the Federal Reserve's policy meeting as the market keenly awaited the U.S. central bank's outlook for cues on the interest rate path in 2025. Spot gold ticked up 0.1% to $2,655.07 per ounce, as of 0335 GMT. U.S. gold futures were flat at $2,672.40. "The market has almost … Read more
GreenLine Mobility Solutions Ltd, a key player in Essar's Green Mobility initiative, has announced its partnership with Exide Industries, India's largest-selling battery brand. This collaboration will integrate GreenLine's eco-friendly LNG-powered trucks into Exide’s logistics operations, marking a significant step toward aligning Exide's supply chain with its sustainability goals. By adopting GreenLine's LNG-powered fleet, Exide takes … Read more
The country's G20 Sherpa Amitabh Kant has said that India's circular economy could generate a market value of over $2 trillion and create 10 million jobs by 2050. He said the circular economy can be a driver of growth, and this transition not only promises cost savings but also positions India to capitalise on the … Read more
India's private sector output growth strengthened to its highest level in four months during December, according to the latest HSBC 'flash' PMI data compiled by S&P Global. The acceleration was reflected in both the manufacturing and service sectors, as companies across the two segments welcomed a faster upturn in new business intakes, the report said. … Read more
Indian rupee weakened marginally and hit a new lifetime low against the US dollar on Tuesday, tracking sluggish domestic equities, foreign fund outflows and dollar demand from importers and foreign banks. Foreign Institutional Investors offloaded Rs 278.70 crore in the capital markets on net basis on Monday, exchange data showed. Rupee fell further after data … Read more
Best Agrolife is currently trading at Rs. 647.90, up by 10.90 points or 1.71% from its previous closing of Rs. 637.00 on the BSE. The scrip opened at Rs. 643.95 and has touched a high and low of Rs. 661.00 and Rs. 643.75 respectively. So far 12062 shares were traded on the counter. The BSE … Read more
Texmaco Rail & Engineering is currently trading at Rs. 234.10, up by 5.00 points or 2.18% from its previous closing of Rs. 229.10 on the BSE. The scrip opened at Rs. 236.65 and has touched a high and low of Rs. 239.65 and Rs. 233.50 respectively. So far 98161 shares were traded on the counter. … Read more