Dogecoin leads cryptos with 24 times Bitcoin’s gains. Here’s what sparked the rally?
Dogecoin zoomed more than 30 per cent to Rs $0.1527 levels from $0.114 mark in the last 24 hours
Govt cuts windfall tax on petrol, hikes taxes on aviation fuel, diesel
The government has maintained that the levy was introduced in view of the windfall gains made by the domestic crude producers and refiners due to high global crude and product prices.
Bain Capital sells 0.5% stake in Axis Bank via bulk deal
According to the data on the exchange, the shares were sold at Rs 891.38 each, higher than the floor price of Rs 888 set by the PE firm
Australia parliament likely to shortly ratify trade pact with India
The India-Australia Economic Cooperation and Trade Agreement (ECTA) signed in April needs ratification by the Australian parliament before its implementation. In India, such pacts are approved by the Union Cabinet. The issue came up for discussion during a virtual meeting between Commerce and Industry Minister Piyush Goyal and Australia’s Minister of Trade and Tourism Don […]
India exempts wholesalers and big retailers from stockholding limits on edible oils and oilseeds
India is the world’s biggest importer of edible oils such as palm oil, soyoil and sunflower oil.
IIFCL aims to sanction Rs 30,000 crore for infrastructure projects this fiscal
“From operational loss with high NPAs a few year ago, the company earned a profit of Rs 514 crore in FY’22. Improved both return on equity and return on assets. With the improvement in financials, the net worth has increased from Rs 10,306 crore in FY’20 to Rs 12,273 crore at present,” he said.
India set to become 3rd-largest stock market by next decade: Morgan Stanley
Offshoring, investment in manufacturing, and energy transition will lead to an economic boom in India, and these drivers will make it the world’s third-largest economy and stock market before the end of the decade, the investment bank said in its report.
Rupee’s fall is not a reflection of fundamentals of the Indian economy: HDFC chairman Deepak Parekh
The rupee depreciated about 10% this year as the dollar gained strength against all major currencies, triggering the risks of large capital outflows from the emerging economies which can have a destabilising effect on trade and finance. The rupee closed Tuesday at 82.73 against the dollar as compared with the 73.8 level in early January.
Tech View: Nifty forms Doji candle on daily charts. What traders should do on Wednesday
The index sustained above the hurdle of 18,096 levels on Tuesday, which is the previous top of the mid part of Sept 2022. Analysts said this is a positive indication, and one may expect further swing highs in Nifty.
Win run continues: Sensex ends 375 points higher led by IT, energy; Nifty stays above 18,100 level
Axis Bank, Maruti, Reliance, Tata Steel, Titan and L&T end the session with cuts