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Sunday, May 22, 2022

SC dismisses plea to review verdict on removal of Cyrus Mistry as Tata Sons head

May 19, 2022 4:13:45 pm

The court, however, agreed to expunge certain remarks against Mistry from last year's judgement even as it took exception to a remark in Mistry’s application that said “the judgment is worse than a press statement".

India, fastest-growing major economy, projected to grow 6.4% in 2022: UN

May 19, 2022 11:08:34 am

The global economy is now projected to grow by only 3.1 per cent in 2022, down from the 4.0 per cent growth forecast released in January 2022.

axis bank, axis bank news, axis bank debt securities

Axis AMC sacks its chief dealer under probe for lapses

May 19, 2022 10:56:46 am

On May 6, Axis AMC suspended two fund managers -- Viresh Joshi and Deepak Agarwal. The irregularities running into several crores at the fund house have also come under the scanner of market regulator Sebi which is likely to take suitable action after the inhouse investigation by the fund house.

Stock Market Today, Share Market Today, Sensex, Nifty

Stock Market Today: Sensex crashes 1,416 points, Nifty ends near 15,800-mark amid weak global cues

May 19, 2022 4:02:14 pm

Share Market Today News, Sensex, Nifty, Share Prices Updates, 19 May 2022: The S&P BSE Sensex crashed 1,416.30 points (2.61 per cent) to end at 52,792.23 while the Nifty 50 fell 430.90 points (2.65 per cent) to settle at 15,809.40.

Domestic LPG cylinder cost crosses Rs 1,000-mark as rate goes up by Rs 3.50

May 19, 2022 10:34:39 am

The cost of a commercial cylinder has also been hiked by Rs 8.

CPSEs to get powers to sell arms, exit JVs

May 19, 2022 5:49:09 am

The move will give a fillip to the government’s efforts to unlock capital, which are either stuck or sub-optimally employed in state assets, and put these into more productive use.

EPF interest income: Govt weighing requests for tweaking tax norms

May 19, 2022 5:46:39 am

The Finance Ministry will also clarify doubts on the applicability of the new tax deduction at source (TDS) provision regarding benefits or perquisites received in a business or profession.

Govt to relook BPCL divestment plan post expansion

May 19, 2022 5:46:34 am

Volatility in global crude oil prices as well as periods in which state-owned oil marketing companies have had to retail fuel at a loss may have impacted investor interest in BPCL, the second-largest fuel retailer in the country.

Start coal imports: PowerMin to states

May 19, 2022 5:37:24 am

Power Minister RK Singh has written to chief ministers of all states which have not started the process of coal import, according to a government release.

28% GST on casinos, gaming: GoM finalises valuation technique

May 19, 2022 5:37:16 am

Meghalaya Chief Minister Conrad Sangma, the chairman of the panel, said the report will be submitted to Union Finance Minister Nirmala Sitharaman in a day or two and then the issue will be discussed in the next GST Council meeting.

Comply with rules or exit from India: MoS IT to VPNs

May 19, 2022 5:31:38 am

While launching clarifications on CERT-In’s cybersecurity norms, he said, “ If you’re a VPN that wants to hide and be anonymous about those who use VPNs and you don’t want to go by these rules, then if you want to pull out (from the country), frankly, that is the only opportunity you will have. You will have to pull out.”

Bank unions seek action against Gurumurthy

May 19, 2022 4:52:25 am

“The dirty and provocative remarks made by Gurumurthy that public sector bank employees are only 'kazhichadaikal' (hair thrown away after shaving) have seriously hurt the feelings and sentiments of the bank employees and officers at large,” the All India Bank Employees Association (AIBEA) said in a letter to Sitharaman.

Be watchful, proactive: Shaktikanta Das to PSBs

May 19, 2022 4:52:14 am

He asked banks to remain watchful of the ongoing geopolitical developments and proactively take mitigating measures, including raising capital, in order to minimise the potential impact on their balance sheets.

PM panel flags urban job guarantee scheme, universal basic income

May 19, 2022 10:34:12 am

The report, titled “The State of Inequality in India” and prepared by the Gurgaon-based Institute for Competitiveness, was released on Wednesday by EAC chairman Bibek Debroy.

Inflation up, FMCG firms hike rates, cut pack volume and weight

May 19, 2022 10:33:07 am

The companies will have to display prices per gram where net weight is less than one kilogram, and per kilogram where net weight is more than one kilogram; per millilitre where net volume is less than one litre and per litre where net volume is more than one litre, enabling consumers to better compare non-standard pack sizes.

100-bp repo hike needed ‘very soon’: MPC member Jayanth Varma

May 19, 2022 4:47:26 am

As per RBI Governor Shaktikanta Das, the worsening outlook of inflation warrants timely action to forestall second round effects which could lead to unanchoring of inflation expectations.

Asia's richest men Gautam Adani and Mukesh Ambani

Gautam Adani, Mukesh Ambani reap windfall from surging oil, coal

May 18, 2022 11:01:23 pm

With coal prices skyrocketing to a record, Adani’s conglomerate is expanding a controversial mine in Australia to meet demand. Ambani’s Reliance Industries Ltd. is snapping up distressed crude-oil cargoes at discounts to feed its refining complex, the biggest in the world.

KLM’s Elbers to succeed Dutta as IndiGo CEO

May 19, 2022 5:30:58 am

Elbers, 52, started his career with KLM in 1992, and has held several managerial positions in both The Netherlands, and in Japan, Greece and Italy.

Tata in buyout talks with as many as five consumer brands

May 18, 2022 4:47:45 pm

Since its formation in 2020 during an ongoing streamlining of Tata’s 153-year-old business empire, which operates across dozens of sectors, Tata Consumer Products has widened its portfolio by buying stakes in companies such as bottled-water business NourishCo Beverages Ltd., as well as cereal brand Soulfull.

Ruchi Soya to acquire Patanjali Ayurved’s food retail business for Rs 690 crore; rename itself as ‘Patanjali Foods’

May 18, 2022 4:24:45 pm

The company will also get the manufacturing plants located at Padartha, Haridwar, and Newasa, Maharashtra.

Gold Prices Today, Silver price today news

Gold, Silver Prices Today: Gold slips Rs 296/10 gm, silver declines Rs 341/kg

May 18, 2022 1:32:44 pm

Gold Prices Today, 18 May 2022, Gold, Silver Rates Today: The opening price for 999 purity gold was Rs 50,297 per 10 grams, down Rs 296 from Tuesday’s closing price of Rs 50,593, while that of 999 purity silver was Rs 60,961 per kg, down Rs 341 from Rs 61,302. Read below to find out bullion prices.

india gdp forecast, india gdp growth, s&p on india gdp

Inflation hit: S&P cuts FY23 growth outlook to 7.3% from 7.8%

May 19, 2022 5:43:55 am

Inflation remaining higher for long is a worry, which requires central banks to raise rates more than what is currently priced in, risking a harder landing, including a larger hit to output and employment, S&P said in its Global Macro Update to Growth Forecasts.

Paradeep Phosphates IPO, Paradeep Phosphates

Paradeep Phosphates IPO: Everything you need to know

May 18, 2022 11:51:32 am

Paradeep Phosphates IPO: The Rs 1501.73 crore initial public offering (IPO) of fertilizer company Paradeep Phosphates is available from May 17-19, 2021. It has a price band of Rs 39-42 per share.

stock market, bse sensex, share market

Stock Market Today: Sensex slips 110 points, Nifty ends below 16,250-mark

May 18, 2022 4:18:40 pm

Share Market Today News, Sensex, Nifty, Share Prices Updates, 18 May 2022: The S&P BSE Sensex slipped 109.94 points (0.20 per cent) to end at 54,208.53 and the Nifty 50 declined 19.00 points (0.12 per cent) to settle at 16,240.30.

Weak market debut for LIC, lists at 8% discount

May 18, 2022 4:12:38 am

LIC, India’s biggest insurer and domestic financial institution, started trading at Rs 867.20 — at a discount of 8.62 per cent — on the BSE as against the issue price of Rs 949 per share.