I&B industry got ₹1,535-crore FDI in October-December quarter: DPIIT
For the first nine months of 2022-23, the FDI remittance in the I&B sector amounted to ₹2,925 crore. Several media and advertising companies, including Dentsu India, MediaCom, Amagi Media Labs, Qyou Media India, and Triple Com Media received FDI through both the automatic and acquisition of existing shares routes during the December quarter.
IOC market share climbs to 43%, posts ‘stellar’ performance in FY23
chairman S M Vaidya said the company’s refineries clocked the highest-ever throughput of over 72.4 million tonnes in 2022-23, compared with 67.67 million tonnes in the previous fiscal year.
These 9 stocks record their new 52-week highs, do you own any?
On Monday, the benchmark index Sensex rose 115 points to reach the 59,106 level. In tandem with this upward trend, 8 stocks belonging to the BSE 500 index reached new 52-week highs — considered a crucial technical indicator by some traders and investors to evaluate a stock’s current worth and predict its future price movements. […]
What exactly is a thematic fund and should you invest in them? Mayukh Datta explains
Thematic funds have gained popularity in India, with asset management companies innovating in this space. Thematic funds look at different businesses interlinked through a central theme, while sector funds only focus on one specific industry. According to Mayukh Datta of Mirae Asset Investment Managers India, before considering thematic funds, investors should get their core portfolios […]
Net direct tax collections For FY 23 at Rs 16.61 lakh crore, exceeds RE by Rs 11,000 crore
The centre mopped up Rs 16.61 lakh crore as direct tax, net of refunds, marking a growth of 17.63%, provisional data released on Monday said. The collections are Rs 2.41 lakh crore or 16.97 % higher than budget estimates Rs 11,000 crore or 0.69% higher than the revised estimate.
Cases under probe for fraud, misdeclaration of material not to be covered under FTP’s amnesty scheme
The government announced the new FTP on March 31. It included an amnesty scheme for exporters for one-time settlement of default in export obligation by the holders of advance and EPCG authorisations. Under the scheme, all pending cases of the default in meeting export obligation (EO) of certain authorizations can be regularised by the authorisation […]
Tech View: Nifty may remain range-bound. What should traders do on Wednesday
Chart readers said the index is currently placed at the hurdle of the previous significant opening downside gap of 10th March around 17,400 levels.
India’s surging services exports may shield economy from external risks
Service exports are no longer being driven by IT services alone but also by more lucrative offerings such as consulting and research and development, analysts and economists told Reuters. India’s services exports rose 24.5% on year in October-December 2022, hitting a record $83.4 billion during the quarter, data released by the Reserve Bank of India […]
Unclaimed deposits of Rs 35,012 crore with PSU banks transferred to RBI: MoS Finance Bhagwat Karad
“As per information available with the RBI, as of the end of February 2023, the total amount of unclaimed deposits transferred to RBI by PSBs in respect of deposits which have not been operated for 10 years or more was Rs 35,012 crore,” Minister of State for Finance Bhagwat Karad said in a written reply […]
Chart Check: Paytm on verge of a breakout from inverse head & shoulder pattern; time to buy?
The new age company stock price hit a 52-week high of Rs 844 on 8th August 2022 but it failed to hold on to the momentum. It bounced back after hitting a low of Rs 439 on 24 November 2022.