image 14    C

Business / Goodreturns

Mexico's Remittances Pass USD 50 Bn, Surge During Pandemic

Mexico's remittances - the money migrants send home to their relatives - have soared in the past two years, and are now expected to top USD 50 billion for the first time once 2021's figures are added up. That would

26 Jan 2022 12:53 pm
Union Budget 2022: Government Should Prioritize Reforms Towards MSME and SME

While each wave of the pandemic has brought forth its own set of challenges, we are hopeful and optimistic that the measures taken by the Government in the upcoming budget will help boost the economic recovery in 2022. Considering the slowdown

26 Jan 2022 9:11 am
Union Budget 2022-23: Here's What The Insurance Industry Expects

In pre-budget suggestions by various industry experts, the insurance industry also recommended and raised some expectations from the Union Budget 2022. The insurance industry is expecting a bunch of measures in the budget to boost their business, administration, tax, and various

25 Jan 2022 10:28 pm
This Large Cap Pharma Major To Pay Interim Dividend Of 500%

The large cap pharma major Torrent Pharmaceuticals in an exchange filing said that the company's board at its meeting held today approved an interim dividend of Rs. 25/- (500 %) per equity share of Rs. 5/- fully paid up.

25 Jan 2022 8:38 pm
IMF cuts India's GDP forecast to 9 per cent in FY22

The International Monetary Fund (IMF) has cut India's economic growth forecast to 9 per cent for the current fiscal year ending March 31, joining a host of agencies which have downgraded their projections on concerns over the impact of a spread

25 Jan 2022 7:36 pm
BPCL To Invest Rs 10,000 Crore In 6 New City Gas Licences

Bharat Petroleum Corporation Ltd (BPCL) on Tuesday said it will invest Rs 10,000 crore over the next five years in setting up city gas distribution networks in the cities for which it secured licences in the latest bidding round. BPCL won

25 Jan 2022 5:35 pm
Maruti Q3 Profit Skids 48 Percent To Rs 1,042 Crore As Semiconductor Shortage Hits Sales

The country's largest carmaker Maruti Suzuki India on Tuesday reported a 47.82 per cent decline in consolidated net profit at Rs 1,041.8 crore in the third quarter ended December 2021, on account of lower sales due to the ongoing semiconductor shortage

25 Jan 2022 5:16 pm
Job Postings In Travel & Tourism Sector Sees 4 Percent Rise In December: Report

The travel and tourism industry, one of the hardest hit by the pandemic in the country, is on the path of recovery and registered a 4 per cent year-on-year growth in job postings during December 2021, according to a report. {image-tcs-24-1498284339.jpg

25 Jan 2022 5:03 pm
Budget 2022 Expectations: Hike In Annual PPF Deposit Limit To Rs. 3 Lakh Sought

The investing community as well as tax-experts from the upcoming Budget 2022 expect an upward revision in the annual contribution limit towards PPF or Public Provident Fund. Currently the same is pegged at Rs. 1.5 lakh annually and offers tax deduction

25 Jan 2022 5:01 pm
Budget 2022: What Healthcare Industry Expect From The Union Budget

As the Covid-19 outbreak continues to put the country's healthcare system under immense stress, hospitals in India are moving ahead with expansion plans in an attempt to boost the country's healthcare system. The pandemic has brought attention to the urgent need

25 Jan 2022 4:07 pm
Indian Gold Rates Fell Sharply By Rs. 1900,Opportunity For Investors: Ahead Of FOMC Meet

The US Federal Open Market Committee meeting will take place this week, and the upcoming global gold rates will largely depend on that. The Fed officials will decide about their monetary policy and interest rate hike. The 40-years high inflation rate

25 Jan 2022 3:50 pm
Budget 2022: What Could Healthcare Industry Expect From The Union Budget

As the Covid-19 outbreak continues to put the country's healthcare system under immense stress, hospitals in India are moving ahead with expansion plans in an attempt to boost the country's healthcare system. The pandemic has brought attention to the urgent need

25 Jan 2022 3:17 pm
Nifty PSU Bank Most Resilient; Canara Bank, BOB Gain Over 5%

While the investor mood remains highly cautious ahead of the crucial US Federal Reserve meeting and Nifty's losing run has entered the sixth straight day-which is the longest in a year, there is one pack that is seen highly resilient in

25 Jan 2022 2:26 pm
Taxes On Gold Needs An Urgent Relook

Gold! It stirs many an emotion in an Indian family's mind. When gold demand picks up, the economics makes the policymaker's plan shine. The joy that jewellery gives to women can be inexplicable for many. The comfort of revenues that taxes

25 Jan 2022 12:19 pm
Budget Date 2022: Timing and Date of The Union Budget 2022-23

The Union Budget or the annual financial statement as per Article 112 of the Indian Constitution is a statement of the estimated receipts and expenditure of the government for a particular year. This year's Budget i.e. Budget 2022 will be presented

25 Jan 2022 11:31 am
Darwinbox Raises USD 72 Million And Becomes First Unicorn From Hyderabad

Darwinbox, a city-headquartered enterprise HR Tech Company on Tuesday said it raised USD 72 million from investors and the company's valuation post this round will cross the USD one billion thus becoming the first unicorn from the city. The

25 Jan 2022 10:36 am
Budget Maybe Neutral to Marginally Negative For Equities In The Near Term

Despite the smart bounce back from the pandemic-induced low, the Indian economy remains fragile and growth, volatile. Due to global inflationary concerns, fiscal would be the main policy tool to foster growth. With better-than-anticipated revenue receipts, especially customs and

25 Jan 2022 10:13 am
EXPLAINED: Why Are Oil Prices High And Any Relief In Sight?

Anyone who's bought food, paid rent or looked for a used car recently has come up against the billowing inflation that has engulfed the U.S. economy. And, with surging oil prices keeping gasoline high, so has anyone who's filled up a

25 Jan 2022 8:14 am
2 Small Cap Stocks Where FIIs Raised Stake By Up To 34.81% In December Qtr.

FIIs or Foreign Instituional Investors' expsoure or interest in the Indian markets is well accounted for with their daily, monthly or yearly 'buy' and 'sell' into the markets being placed on record. Likewise, on an individual stock level, it is crucial

24 Jan 2022 11:52 pm
Indian Households Wishlist From Budget 2022

As all eyes are set on the mega Budget event slated to be presented in the Parliament on February 1, 2022, here are top expectations or wishlist of Indian households from the upcoming budget. Before we go on to list

24 Jan 2022 11:03 pm
Exporters Seek Support Measures, In Budget To Boost Shipments

Exporters have demanded support measures, including enhanced allocations for RoDTEP scheme, high import duty on plastic finished goods, setting up of an Indian shipping line and reinstating exemption for duty free import of critical inputs for leather products, in the forthcoming

24 Jan 2022 6:11 pm
Tube Investments To Acquire 70 Percent Stake In Cellestial E-Mobility

Muruguppa group firm Tube Investments of India Ltd (TII) on Monday said it will acquire 70 per cent stake in start-up Cellestial E-Mobility Pvt Ltd for Rs 161 crore. Cellestial E-Mobility is engaged in the design and manufacture of electric tractors,

24 Jan 2022 4:42 pm
Swiggy Raises USD 700 Million From Invesco, Other Investors

Food delivery platform Swiggy on Monday said it has raised USD 700 million (nearly Rs 5,225 crore) in new funding led by investment firm Invesco. Other new investors in the round include Baron Capital Group, Sumeru Venture, IIFL AMC

24 Jan 2022 4:30 pm
Upcoming NFOs: Check Details Of 2 NFOs That Open Today (January 24, 2022)

NFOs or new fund offers are newly launched mutual fund schemes that show similarity to IPOs or Initial Public Offers by companies in the sense that they are open for subscription for a predefined period. Also, like there is a price

24 Jan 2022 4:04 pm
The One Big Reason For The Sensex To Collapse 1550 Points In Trade Today

The Sensex shed as much as 1,545 points in trade today, with the Nifty declining as much as 468 points. We have not seen such a dramatic fall in the markets for sometime now. There was selling pressure and of course,

24 Jan 2022 3:42 pm
Gold Rates Volatile In International Market, Waiting For Fed's Interest Rate Hike Decision

In the international markets, the gold rates are quite volatile now. The precious metal, as of now is holding a steady position against high inflation rates, globally. The metal is being quoted above $1841/oz today, but this price range can be

24 Jan 2022 3:11 pm
This Small Cap Agrochemicals Co. Hit Fresh High After Robust Q3 Results

Shares of pesticides and agro-chemicals sector company Sharda Cropchem in intra-day trade on January 24, 2022 surged to a record high price of Rs. 455 apiece on the NSE. The scrip logged 19.95% gains after its stellar Q3Fy22 earnings.

24 Jan 2022 2:12 pm
Investors Are Expecting An Address On The Crypto Currency In The Budget 2022 Session

The Union Budget 2022-23, will be presented by the Union Finance Minister Nirmala Sitharaman, on February 1. The budget session will continue from January 31 to April 8. Investors have a lot to expect from the upcoming budget. The equity investors

24 Jan 2022 1:47 pm
Major Cryptos Log Gains On January 24, 2022; Bitcoin Available At Half Its Record Price

As of writing this copy at around 10:45 am (IST), the largest cryptocurrency by market-cap- Bitcoin traded marginally higher by 0.27% at $35.08K. In the past week, the crypto registered a fall of over 17%- its worst weekly decline since May

24 Jan 2022 11:29 am
Pharma Industry Seeks Enhanced Funds For Healthcare Sector, Ease of Doing Biz In 'Budget'

The domestic pharmaceutical industry is expecting an increase in the overall fund allocation for the healthcare sector, focus on policies that encourage R&D activities and continuation of tax concessions on various drugs in the upcoming Union Budget. The industry is

23 Jan 2022 2:22 pm
Budget 2022: Infrastructural Growth Helps The Logistic Sector To Enhance:Supply Chain Improvement Is Requisite

The Union Minister of Finance, Nirmala Sitharaman is going to present the Union Budget 2022-23, on February 1. The budget is expected to focus on the logistics sector, as the economy has been through the second and third waves of the

22 Jan 2022 11:41 pm
Gold Prices Fell Marginally On January 22, After A Bullish Week In India

Gold is a US dollar-dominated assets class, and the metal holds an adverse relationship with the currency. Significantly, this week has been a strong period for the precious metal, after the publication of US inflation data for December. The US dollar

22 Jan 2022 4:16 pm
Yes Bank Q3 Profit Rises 77 Percent To Rs 266 Crore

Private sector lender Yes Bank on Saturday reported a 77 per cent jump in profit to Rs 266.43 crore for the third quarter ended December 2021. The bank had posted a profit of Rs 150.77 crore in the October-December quarter a

22 Jan 2022 4:15 pm
Jio To Complete 5G Coverage Plans For Top 1,000 Cities In Country

Jio has completed 5G network coverage planning for top 1,000 cities in the country and is augmenting its fibre capacity as well as running pilot across sites, a senior company official said during a presentation. The company has created

22 Jan 2022 4:08 pm
Cryptocurrencies Continue To Slide; Bitcoin At $35.5K, Global Crypto M-Cap Slumps To $1.62Tn

As per, the market cap of the global crypto market has slumped to $1.62 trillion, registering a decline of over 12% over the previous day. Volume in the market though has gained by 26.75% in the last 24 hours to

22 Jan 2022 3:59 pm
Budget 2022: Sectors To Watch: Infrastructure, Residential RE and Financials

The upcoming budget faces acute policy trade-offs between nurturing a nascent growth recovery and diminishing fiscal space with challenging debt dynamics. The uneven recovery post the pandemic raises questions about the sustainability of demand, especially as the labor market is also

22 Jan 2022 10:25 am
Ujjivan SFB Debuts Balance Transfer Option On Personal Loan Starting From 11.49% Interest

Ujjivan Small Finance Bank (SFB) has launched an enticing deal for salaried class customers to transfer their personal loan balance at a cheap interest rate starting at 11.49 percent for loan amounts ranging from Rs 1 lakh to Rs 15 lakh.

22 Jan 2022 10:07 am
D-Street's Wishlist From Budget 2022

Budget 2022 is just around the corner and here are summarized D-Street expectations from the upcoming budget as put forth by experts in the industry: As a whole D-Street wants Budget 2022 to focus more on reforms and growth.

21 Jan 2022 10:16 pm
These 5 Things We Could Expect From The Upcoming Budget 2022

The finance ministry is exploring various options to benefit the growth of the country and the common people in the Pandemic time. In the event of tough times, the budget for 2022 would help the economy to boost its growth and

21 Jan 2022 6:21 pm
Indian Gold Market Gained Marginally, International Gold Rate Quoted At Around $1835/oz

Along with nominal Treasury rates, the real Treasury rates are gaining in the USA. But nothing is triggering as important as the rising inflation rate, for the gold markets. At the present markets, both treasury yields and gold are holding their

21 Jan 2022 4:36 pm
Cadila To Re-appoint Sharvil P Patel As MD For Another 5 Year Term

Cadila Healthcare on Friday said it has re-appointed Sharvil P Patel as Managing Director of the company for a period of five years with effect from April 1, 2022. The company's board based on the recommendation of the nomination

21 Jan 2022 4:22 pm
Gems, Jewellery Exports Grow 5.76 Percent To USD 29 Billion In Apr-Dec 2021

Gems and jewellery exports in the April-December 2021 period grew by 5.76 per cent to USD 29.08 billion on account of healthy demand in major countries including the US, Hong Kong and Thailand, the GJEPC said on Friday. The

21 Jan 2022 4:12 pm
7th Pay Commission: Central Govt. Employees May Get 3% Hike In HRA

As per the leading business channel report, the total DA or dearness allowance of central government employees will go up by 34 percent soon. At present, after last year's increase, DA stands at 31 percent. So, reportedly after hiking DA last

21 Jan 2022 2:32 pm
Bitcoin Prices Dipping Over 7% In Late January: Russia's Blanket Ban On Crypto

Bitcoin prices are dipping sharply, since Thursday this week. The cryptocurrency fell over 7%, at around $38,5774. Significantly, the largest crypto by market capitalization dropped above 14% (YTD) since the initial phase of this year. Globally, investors are having weak sentiments

21 Jan 2022 12:15 pm
This Fintech Firm Debuts ClickPay Feature For Faster Bill Payments

In partnership with NPCI Bharat BillPay Ltd. (NBBL), a wholly-owned subsidiary of National Payments Corporation of India, MobiKwik, one of India's major payment service providers and Buy Now Pay Later (BNPL) Fintech organizations, introduced 'ClickPay' for its users. MobiKwik customers may

21 Jan 2022 10:20 am
Bulk Deals: Rakesh Jhunjhunwala Buys Stake In This HFC After Rare Enterprises Sells Stake

As per the bulk deals data, ace investor Rakesh Jhunjhunwala has bought 35,00,000 equity shares of Indiabulls Housing Finance today (January 20, 2022) via an open market transaction from RARE Enterprises at Rs 219 per share on the NSE. RARE Enterprises

20 Jan 2022 11:59 pm
Expectations of Salaried Class Taxpayers From Budget 2022

The mega economic event 'Budget 2022' is less than a fortnight away. So, as the Covid threat in the country continues with the new Omicron variant and work from home continues to be the new normal here below are listed expectations

20 Jan 2022 10:01 pm
Finance Minister To Release Rs 47,541 Cr Advance Installment of Tax Devolution To States

The Centre will on Thursday release an advance installment of tax devolution to the states amounting to Rs 47,541 crore, the Finance Ministry said. Finance Minister Nirmala Sitharaman has authorised the release of an advance installment of tax devolution to state

20 Jan 2022 6:18 pm
Gold Rates Rallying Sharply, Inflation Graph Impacted: Profitable For Gold Producers

The inflation rates are no more transitory, as expected earlier in the global picture. All major economies like China, the USA, the UK, and Germany are now struggling with the same challenge. The US is dealing with a 40-years high inflation

20 Jan 2022 3:02 pm
FDI Flows To India Slip 26 Percent in 2021; UN report

Foreign Direct Investment (FDI) flows to India in 2021 were 26 per cent lower, mainly because large M&A deals recorded in 2020 were not repeated, the UN trade body has said. The UN Conference on Trade and Development (UNCTAD) Investment Trends

20 Jan 2022 11:52 am