Business

The government on Sunday announced it will procure an additional 2 lakh tonnes of onion in order to maintain a total buffer stock of 5 lakh tonnes

Indian stock indices faced a week of susceptibility caused by unfavorable global and domestic signals, coupled with investor inclination towards safer assets such as the US dollar.

In 2018, the volume of UPI transactions was 374.63 crore, a figure that surged by 1,876 percent to reach 7,403.97 crore in 2022.

FDI is allowed in the marketplace model of e-commerce, while it's prohibited in the inventory-based model under government regulations.

Bharti Airtel's market capitalisation (mcap) fell by Rs 8,081.38 crore to Rs 4,78,730.70 crore and that of State Bank of India dipped Rs 1,026.33 crore to Rs 5,11,424.89 crore.

CBDT on August 18 notified amendments to the Income Tax Rules for valuing perquisites of rent-free or concessional accommodation by employers to employees

The government on Saturday imposed a 40 per cent duty on the export of onions to check price rise and improve supplies in the domestic market

Titan announced the acquisition of an additional 27.18 per cent stake in its subsidiary CaratLane, taking its total holding to 98.28 per cent.

In the previous reporting week, the overall reserves had declined USD 2.417 billion to USD 601.453 billion

The company reported that over 100,000 consumers in the country pre-booked the foldable devices within the initial 28 hours.

Mahindra & Mahindra Ltd on Friday said it has been imposed a penalty of over Rs 14.3 lakh for incorrect input tax credit availed during the transition from the excise regime to the GST regime.

The 30-share BSE Sensex was down 297.62 points to 64,853.40. The NSE Nifty dipped 88.75 points to 19,276.50.

At the interbank foreign exchange, the domestic unit opened at 83.03, then touched a high of 83.02 against the American currency, registering a rise of 7 paise over its last close.

The Indian rupee experienced a decline due to the dollar index surpassing 103.5; however, likely intervention from the RBI offered a degree of support

Bajaj Markets, a subsidiary of Bajaj Finserv, in partnership with top lenders, grants access to gold loans with attractive interest rates starting from 8.88% p.a.

On the Multi Commodity Exchange, gold contracts for October delivery traded lower by Rs 166 or 0.28 per cent to Rs 58,515 per 10 grams in a business turnover of 13,537 lots.

The 30-share BSE Sensex declined 115.41 points to 65,424.01. The NSE Nifty slipped 41.35 points to 19,423.65.

At the interbank foreign exchange, the domestic unit opened at 83.10, then touched a high of 82.99 against the American currency, registering a rise of 9 paise over its last close.

As per the company's statement, this collaboration facilitates swifter order fulfillment amidst urban traffic congestion, utilizing Skye Air's independent drone logistics solutions.

In this scenario the Indian market is unlikely to break out to newer highs on a sustained basis and decouple from the rest of the world.

Uniqlo India announced to launch its second store in Mumbai as part of the strategic expansion of its retail network in the country

The retail price of tomato in some parts of the country is up to Rs 200 per kilogramme amid supply disruptions caused by heavy rains. This has forced the government to import tomatoes for the first time.

UltraTech Cement was the biggest gainer in the Sensex pack, rising 2.43 per cent, followed by NTPC, Tata Motors, Infosys, Power Grid, Mahindra & Mahindra, Larsen & Toubro, Maruti, Wipro and SBI were the major gainers.

Global headwinds are from the rising dollar index at 103.23 and spiking U.S. bond yields, he said. Consequently, FIIs are selling, taking their cash market sell figure in August, till 15th, to Rs 9,867 crore.