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Economy / Goodreturns

Tata Power Inks Agreement With Tamil Nadu Government To Set Up Rs. 3000 Cr. Plant

Tata Power today announced that is has entered into an agreement with the government of Tamil Nadu for investing Rs. 3000 crore to set up a new plant for manufacturing solar cells and modules in Tirunelveli district of the state. {image-solarcells-1521886483.jpg

4 Jul 2022 9:49 pm
Gold Prices Zoom By Rs 241 Amid Firm Global Cues

Gold in the national capital on Monday rose by Rs 241 to Rs 52,048 per 10 grams amid firm global trends, according to HDFC Securities.In the previous trade, the yellow metal settled at Rs 51,807 per 10 grams, according to PTI.{image-gold-weigh-600-28-1477638113.jpg

4 Jul 2022 6:57 pm
Windfall Tax: $12 Margin Hit For Reliance; Govt Rakes, In Rs 1.3 Lakh Cr

The windfall taxes imposed by the government on domestic crude oil production and fuel exports will hit ONGC's earnings severely while shaving off up to USD 12 per barrel in refining margins for Reliance Industries Ltd. The new levies will give

4 Jul 2022 4:33 pm
GST On Pre-Packed Labelled Food Items,To Increase Traders' Compliance Burden, Raise Prices: CAIT

Traders' body CAIT on Monday said the decision to levy 5 per cent GST on pre-packed and labelled food items will cause loss of business to foodgrain traders, increase compliance burden and raise the prices of unbranded everyday essentials. Confederation of

4 Jul 2022 4:25 pm
ITC Shares Climb To Fresh 52-Week High; More Upside Seen

The stock cigarette to tobacco conglomerate in trade on July 4, 2022 has hit a fresh 52-week high of Rs. 293.3 per share. This is also the stock's 3-year high. Notably, the FMCG giant's all time low and all time high

4 Jul 2022 3:48 pm
Rakesh Jhunjhunwala-Promoted Akasa Air Unveils First Look, OfIits Crew Uniform

Ace stock market investor Rakesh Jhunjhunwala-promoted starup carrier Akasa Air on Monday unveiled the first look of its crew uniform as it gets ready for take-off likely by this month-end. Akasa Air, which received the delivery of its first Boeing 737

4 Jul 2022 3:17 pm
Bajaj Auto Begins Rs 2,500 Cr, Share Buyback

Bajaj Auto on Monday said it has commenced its Rs 2,500 share buyback programme. In a regulatory filing, the Pune-based company said the buyback initiative has begun with effect from July 4. The company's board, at its meeting held

4 Jul 2022 1:57 pm
Govt To Review Oil Export, Windfall Tax Based, On Forex Rate, Int'l Oil Prices Every Fortnight

The government will review the just introduced windfall tax on domestically produced crude oil and fuel exports every two weeks based on foreign currency rates and international oil prices, but no levels have been fixed for its recall, top officials said

4 Jul 2022 1:49 pm
SBI To Reassess Payments Bank Partnership With Jio

The country's leading state-run lender State Bank of India shall re-evaluate its alliance with Jio for launching the Payments Bank. On the move, Dinesh Khara-the bank's Chairman told a leading daily, Payment bank per se has undergone so many

4 Jul 2022 12:58 pm
HDFC Bank Records 21.5% Loan, Growth In Q1

Private sector HDFC Bank on Monday said the bank has registered a 21.5 per cent rise in loans to Rs 13,95,000 crore in the first quarter this fiscal. The credit book was Rs 11,47,700 crore as of June 30 last year.

4 Jul 2022 12:49 pm
Bitcoin Has Lost Over 35% In 1-Month; Second Highest Monthly Loss In 11 Yrs

The largest bitcoin in the continuing sell off has eroded over 35% of its value in the last 1-month. If we just take random price as on June 4, 2022 of $29681 and compare with last traded price as on Coindesk.com

4 Jul 2022 12:46 pm
Govt Directs Steel Industry, To Draw Time-Bound Action Plan To Lower CO2 Emissions

In line with the government's COP26 commitments, the Ministry of Steel has asked the stakeholders to develop a time-bound action plan to lower emissions in the steel industry. According to a ministry document, the iron and steel industry globally accounts for

4 Jul 2022 12:33 pm
APSEZ Cargo Handling Grows 8 Pc, To Record 90 MT In Apr-Jun Quarter

Adani Ports and Special Economic Zone Limited (APSEZ) on Monday said it has handled the highest-ever cargo in a quarter at 90.89 MMT (million tonne) during April-June period of this financial year, registering a growth of 8 per cent on a

4 Jul 2022 12:23 pm
RIL Stock Price Gains Over 1% After Friday's Steep Losses; Pares Gain Later

After the RIL stock saw a sharp blow in its stock price on Friday post the export duty hike on petrol, diesel and ATF and alongside levy of windfall gains tax, there is seen some respite in trade today (July 4,

4 Jul 2022 10:55 am
Gold Price Today: Gold Continues To Extend Gains Post Import Duty Hike

Last week in an eventful move, the government of India has raised the import duty on gold to 12.5% from 7.5%. This has been done to reduce huge shipments of gold, curb widening trade deficit and control rupee's free-fall. As per

4 Jul 2022 10:47 am
Ethiopian Airlines, To Operate Flights Thrice A Week Between Chennai-Addis Ababa

Africa's largest air carrier Ethiopian Airlines under its move to serve travellers planning to visit southern parts of the country has launched direct flight connectivity between Chennai and Addis Ababa. To be operated three times a week, the metro would be

4 Jul 2022 10:18 am
NPPA Fixes, Retail Prices of 84 Drug Formulations

Drug pricing regulator NPPA has fixed the retail prices for 84 drug formulations, including those used for treatment of diabetes, headache and high blood pressure. The National Pharmaceutical Pricing Authority (NPPA) has also fixed the prices of formulations indicated to reduce

4 Jul 2022 10:07 am
2 Stocks To See Stock Split This Month In July 2022

Stock split or sub-division of stocks is mulled by a listed company to make its scrip more affordable for retail investor class. Consequently as more investors can enter the scrip post the split, the investor base in the company increases. So,

4 Jul 2022 9:44 am
Petrol, Diesel Price On July 4, 2022: Check Latest Fuel Rates Here

The prices of petrol and diesel continue to remain steady as Oil Marketing Companies (OMCs) decide to keep the price unchanged for more than a month. In Delhi, prices of petrol remain at Rs 96.72 per litre while the diesel

4 Jul 2022 9:08 am
Silver Rate Drops To The Lowest Level Today In This Year, By Rs. 120: Check Today's Silver Rates In Cities

Silver rates in India, today, on July 2 fell to the lowest level this year. The metal is quoted at Rs. 5780/100 grams in India, falling sharply by Rs. 120/100 grams. As the US dollar index is sharply bullish today and

3 Jul 2022 12:03 am
Bitcoin Surges Marginally By 0.12% Today, But Why Investors Should Not Be Much Excited?

Bitcoin has gained marginally today, compared to yesterday's quotations. Other crypto coins are also showing the same trend today. On July 2, till 6.10 pm UTC, Bitcoin was quoted at US$ 19,269.80 gaining by 0.12%. Yesterday, the asset closed at US$

2 Jul 2022 11:55 pm
Gold Rates Increase Around Rs. 1350 In India In Past 2 Days: See Why?

Indian gold rates have been sharply bullish in the past two days. Yesterday gold prices jumped by around Rs. 1200, and today the rates gained by around Rs. 150/10 grams. Today, the 22-carat gold rate is quoted at around Rs. 48,000/10

2 Jul 2022 11:31 pm
World's 10 richest people lose $250 billion Due To Fall In US Stock Markets

The world's 10 richest people that may include Tesla CEO Elon Musk and Amazon founder Jeff Bezos, have suffered a $250 billion fall in their net worth this year, according to a report in Business Insider. According to the

2 Jul 2022 4:31 pm
South Africans Struggle, In The Dark To Cope With Power Cuts

South Africans are struggling in the dark to cope with increased power cuts that have hit households and businesses across the country. The rolling power cuts have been experienced for years but this week the country's state-owned power utility Eskom extended

2 Jul 2022 2:58 pm
IRCTC Levies Rs. 50 As A Service Charge For A Cup Of Tea Worth Rs. 20 On Shatabdi Express

In a train journey from Delhi to Bhopal in Bhopal Shatabdi, a passenger was charged a hefty service fee of Rs. 50 for a cup of tea costing Rs. 20. After the passenger named Balgovind Verma took this to twitter

2 Jul 2022 2:54 pm
12 US Lawmakers Urge Biden, To Hold India Accountable In WTO For Its 'Trade-Distorting Practices'

A dozen US lawmakers have written a letter to President Joe Biden, urging him to file a formal request for consultations with India at the World Trade Organization (WTO) over its dangerous trade-distorting practices that they claim have impacted the US

2 Jul 2022 2:48 pm
This Largecap Stock Giving 270% Final Dividend, Ex-Date Soon, Stock Fell 40% In 6 Months, Announced A Merger

MindTree Ltd. announced a final dividend of 270%, on April 18, 2022. The company's ex-dividend date is within two days, on July 4, 2022. Stock's performance on NSE MindTree's current market price stood at Rs. 2,890.75 surged by 0.13% till last

2 Jul 2022 1:55 pm
TCS To Start Q1Fy23 Earnings Season On July 8

The first quarter for the Fy23 has concluded as we usher in the new quarter starting July. Further as for the India Inc. performance in June ended quarter, Trendlyne data suggests that 1947 companies have reported positive profit growth, while 1543

2 Jul 2022 10:41 am
GM Scraps Deal, To Sell Plant In Maharashtra To Great Wall Motor

General Motors (GM) on Friday said it has called off the sale of its Maharashtra-based manufacturing plant to China's Great Wall Motor after the parties failed to obtain necessary regulatory approvals. In 2020, GM had inked a deal to sell the

2 Jul 2022 9:51 am
Finmin Empanels 12 Transaction Advisers, For Assisting In Implementation Of PPP Projects

Finance Ministry on Friday said the Department of Economic Affairs has empanelled 12 Transaction Advisers (TAs) to provide necessary support to Project Sponsoring Authorities in transactions of Public Private Partnership (PPP) projects. In Union Budget 2022-23, the government had announced its

2 Jul 2022 9:39 am
GST Biggest Indirect Tax Reform, In India's History: CII

Terming GST as the biggest indirect tax reform in the history of independent India, CII on Friday said it helped in creating a unified market across states, simplified the indirect tax structure for the industry and also brought about logistics and

2 Jul 2022 9:29 am
Sebi Fines Rs 36 Lakh, On PGIM AMC, CEO Ajit Menon, 3 Others

Capital markets regulator Sebi has imposed a penalty totalling Rs 36 lakh on five entities -- including PGIM Asset Management Company and its chief executive officer Ajit Menon -- for flouting mutual funds norms while executing Inter-Scheme Transfers (ISTs). Apart from

2 Jul 2022 9:22 am
Leather Goods Exporters Disappointed, With GST Rate Hike

Leather products exporters have expressed resentment over the hike in the Goods and Services Tax (GST) on finished leather from 5 per cent to 12 per cent, asserting that the step will demand higher working capital at a time when the

2 Jul 2022 9:13 am
Govt Warns Edtech Companies Against, Unfair Trade Practices

The government on Friday warned edtech companies against indulging in unfair trade practices, including misleading advertisements, and said it will be forced to bring stringent guidelines if there is no self regulation by the industry players. The increase in fake review

2 Jul 2022 9:05 am
Hike In Import Duty On Gold, To Fuel Smuggling; Review Decision: Industry Bodies

Jewellery and industry experts on Friday said the increase in import duty on gold to 15 per cent will fuel smuggling and urged the government to review the tariff rate on the yellow metal. Effective from June 30, the Union Finance

2 Jul 2022 8:56 am
Petrol, Diesel Rates On July 2, 2022: This City Has Cheapest Fuel Prices

The public sector oil marketing companies (OMCs) has released the latest prices of petrol and diesel on Saturday July 2, 2022. The prices of petrol and diesel continue to remain steady across the cities as the OMCs decide to keep fuel

2 Jul 2022 8:49 am
Cryptocurrencies Continue To Fall, Bitcoin Plunges By 2.74%

Bitcoin, along with other cryptocurrencies continues with the bearish trajectory. Today, on July 1, till 6.05 pm UTC, Bitcoin was quoted at US$ 19,438.70 falling by 2.74%. Yesterday, the asset closed at US$ 19,985.60. On the other hand, at the

2 Jul 2022 12:01 am
Silver Rates Surge Significantly Today, After Falling For 3 Days Straight

Silver prices in India, today, on July 1, are significantly bullish, after falling for 3 days straight. The silver rate is quoted at Rs. 5900/100 grams in India, gaining sharply by Rs. 40/100 grams. However, the US Dollar index and the

1 Jul 2022 11:56 pm
This YTD Multibagger Small Cap Stock Gains Close To 23% In 3-Sessions

While the headline indices ended in the red today (July 1, 2022), with Nifty managing to hold just above 15,750 levels, this one small cap stock Orient Bell managed to end in the green. Infact it is seeing bullish momentum

1 Jul 2022 8:13 pm
Govt To Review New Taxes Levied, On Crude, Diesel, ATF Every Fortnight: FM

Finance Minister Nirmala Sitharaman on Friday said the government will review every fortnight the new taxes levied on crude, diesel and ATF based on international prices. She said these are extraordinary times and oil prices are internationally unbridled. We do not

1 Jul 2022 3:02 pm
2 Banking Stocks That Motilal Oswal Prefers

A Swift turn in the rate cycle has seen lending rates for fresh loans rise sharply, Motilal Oswal has said in a report. As per an RBI May'22 release, the Weighted Average Lending Rates (WALR) on fresh loans has

1 Jul 2022 1:26 pm
Reliance Industries Stock, Tumbles Nearly 9 Pc; ONGC Tanks 11 Pc

Shares of Reliance Industries tumbled nearly 9 per cent in morning trade on Friday after the government imposed an export tax on petrol, diesel and jet fuel (ATF). The government on Friday slapped an export tax on petrol, diesel and jet

1 Jul 2022 1:16 pm
Gold Prices Jump Rs. 1200 As Government Hikes Import Duty, Check Today's Gold Rates Here

In India, gold rates are already marginally bullish due to high inflationary concerns. Now, as the union government has hiked the basic customs duty on gold from 7.5% to 12.5%, gold rates have again jumped in the country. Today, the 22-carat

1 Jul 2022 12:33 pm
Mutual Funds Channel Checks: Equity Flows Into Mutual Funds Muted

Motilal Oswal interacted with a few large Mutual Fund distributors (having AUM in excess of Rs 10 billion) and institutional sales representatives to sense the pulse of customer behavior in the current environment. According to a report by Motilal

1 Jul 2022 11:29 am
Rupee Hits Record Low Of 79.11 Per US Dollar For The First Time

The India Rupee had opened flat at 78.97 per dollar however it soon hit a record low of 79.11 on Friday against previous day's close of 78.97. This is for the first time that Rupee touched a new low of 79.11

1 Jul 2022 10:56 am
Reliance Industries, Other Oil Refiners Fall Sharply After Windfall Tax Levied

Reliance Industries shares along with other oil refining companies have been hit badly in trade today. Shares of Reliance Industries emerged as the top Nifty loser cracking as much as 8.69%to day's low price of Rs. 2370.1. Other upstream companies that

1 Jul 2022 10:55 am
Rupee Hits Record Low Of 79.08 Per Dollar For The First Time

The India Rupee had opened flat at 78.97 per dollar however it soon hit a record low of 79.08 on Friday against previous day's close of 78.97. This is for the first time that Rupee touched a new low of 79.08.

1 Jul 2022 9:27 am
Will Gold Rates Keep Falling? Dropped Rs. 1000 In 2 Days: Good For Indian Investors?

Gold rates in the international markets have fallen to US$ 1,802.50/oz on June 30. This is having a direct impact on the Indian gold market. Indian gold rates have fallen sharply reflecting the trend, on the last trading day of the

1 Jul 2022 1:14 am
Bitcoin Drops Sharply 5% In Intra Day Trading, Ether Falls 6%: Three Arrows Debacle Concerns

The Crypto market continues to experience sharp fall, due to high volatility in the market. Due to multiple interest rate hikes in the US and other major countries, the assets are under pressure now. Additionally, today, the US has published strong

30 Jun 2022 11:40 pm
This Spirit Stock Given 1,144% Return In 5 Yrs, But Fell 28.48% Recently, Buy Now?

Globus Spirits Ltd. is a smallcap spirit stock that operates and manufactures in India. Its trade volume today stood at around 84,220. Globus Spirits Ltd. - NSE market tracking The current market price of Globus Spirits Ltd. closed at Rs.

30 Jun 2022 11:16 pm