Category: Business

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Rupee falls 9 paise to settle at all-time low of 83.22 against U.S. dollar

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Rupee falls 9 paise to settle at all-time low of 83.22 against U.S. dollar

FIIs were net sellers in the capital market on September 7 as they offloaded shares worth ₹3,245.86 crore, according to exchange data. Image for representation purpose only. File | Photo Credit: Reuters The rupee depreciated for the fourth straight day and settled nine9 paise lower at its lifetime low of 83.22 (provisional) against the U.S….

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Business

Stock markets extend gains for fifth day; Sensex revisits 66,000 mark

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Stock markets extend gains for fifth day; Sensex revisits 66,000 mark

Stock brokers watch the markets, at a brokerage in Kolkata. Representational image. | Photo Credit: ANI Equity benchmark Sensex climbed over 385 points to reclaim the 66,000 mark on Thursday (September 7), propelled by robust buying in index majors HDFC Bank, L&T and SBI amid a weak trend in global equities. A decline in crude…

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Centre invites public comments on guidelines to regulate ‘dark patterns’ 

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Centre invites public comments on guidelines to regulate ‘dark patterns’ 

Representational image only. | Photo Credit: Reuters The Centre has sought public comments on the draft guidelines for prevention and regulation of “dark patterns,” on the Internet, particularly in e-commerce platforms. The guidelines include ways to prevent and regulate false urgency, basket sneaking, confirm shaming, forced action, subscription trap and more such “dark patterns”. The…

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Government seeks public comments on draft guidelines for regulation of ‘dark patterns’ on online platforms

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Government seeks public comments on draft guidelines for regulation of ‘dark patterns’ on online platforms

The government has sought public comments on draft guidelines for prevention and regulation of “dark patterns” which are nothing but tactics used by online players to deceive customers or manipulate their choices. The draft guidelines, issued by the Consumer Affairs Ministry, list various deceptive practices being adopted by online platforms in the nature of dark…

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Rupee down 2 paise, dips to new low of 83.15 against U.S. dollar

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Rupee down 2 paise, dips to new low of 83.15 against U.S. dollar

The rupee fell 2 paise to hit the lowest level of 83.15 against the U.S. dollar in early trade on Thursday amid a strong American currency and elevated crude oil prices. Forex traders said, massive selling of equities by foreign investors in the past few sessions and subdued market sentiment also put pressure on the…

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Business

Sensex, Nifty tumble on weak global cues, foreign fund outflows

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Sensex, Nifty tumble on weak global cues, foreign fund outflows

After a weak beginning, the BSE Sensex further fell by 187.11 points to 65,693.41. The Nifty declined 55.35 points to 19,555.70. File Domestic equity benchmark indices fell in initial trade on September 7 tracking weak global markets and foreign fund outflows. After a weak beginning, the BSE Sensex further fell by 187.11 points to 65,693.41….

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Business

Finance Ministry notifies valuation methodology for calculating GST on online gaming, casino

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Finance Ministry notifies valuation methodology for calculating GST on online gaming, casino

Image for representation purpose only. | Photo Credit: Reuters The government on September 6 notified amendments to GST law in relation to the valuation methodology to be adopted by online gaming companies and casinos for calculating tax. The Ministry of Finance notified amendments to Central GST law for calculating value of supply in case of…

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Ahead of Joe Biden visit, India drops tariff hikes on U.S. almonds, lentils

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Ahead of Joe Biden visit, India drops tariff hikes on U.S. almonds, lentils

Almonds from California on display in Visakhapatnam. File | Photo Credit: The Hindu Two days before U.S. President Joe Biden arrives in New Delhi for a bilateral meeting as well as the G-20 Summit, India has dropped the retaliatory customs tariffs it had imposed on imports of some American goods like almonds and lentils, effective…

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