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Union Minister of State for Finance Pankaj Chaudhary. File | Photo Credit: ANI The Central government is awaiting the recommendation from the Group of Ministers (GoM) constituted by the Goods and Services Tax (GST) Council to take a final decision on the exemption of GST on health insurance and life insurance policies, Pankaj Chaudhary, Minister…
Emirates revealed the first Airbus A350-900 aircraft at Dubai International Airport in Dubai, United Arab Emirates, on Wednesday (November 27, 2024) | Photo Credit: Special Arrangement Emirates’s brand new Airbus A350 unveiled on Wednesday (November 27, 2024) will be deployed for flights to Mumbai and Ahmedabad beginning in February as part of the Dubai-based airline’s…
Read More “Emirates unveils brand new A350 to be flown on Indian routes next year” »
Image used for representational purposes. File | Photo Credit: RAGHUNATHAN SR The rupee declined sharply by 15 paise to close at 84.44 (provisional) against the U.S. dollar on Wednesday (November 27, 2024) amid uncertainties surrounding U.S. President-elect Donald Trump’s trade policies and an increase in crude oil prices. However, a strong show at the…
Read More “Rupee plunges 15 paise to settle at 84.44 against U.S. dollar” »
Shares of Adani Group firms surged after an Adani Group entity said that Gautam Adani and his aides have not been charged under the U.S. Foreign Corrupt Practices Act. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty rebounded on Wednesday (November 27, 2024), driven by a sharp rally in Adani group stocks…
Read More “Markets climb on sharp rally in Adani group firms, fresh foreign fund inflows” »
Adani Power was nearly 16% up, while Adani Ports and SEZ had risen 7.2% in the morning trade on November 27, 2024. | Photo Credit: Dado Ruvic After getting beaten down on Tuesday, all Adani group stocks recovered sharply on Wednesday (November 27, 2024), with Adani Green Energy Ltd. seeing the first uptick in share…
Read More “Adani group stocks recover sharply; Adani Enterprises up 10%” »
A statement on Wednesday said Adani officials are “only charged” with securities fraud, wire fraud conspiracy and securities fraud. | Photo Credit: VIJAY SONEJI The Adani Group conglomerate said Wednesday (November 27, 2024) it had suffered a staggering loss of nearly $55 billion since U.S. corruption charges against top officials, accusations the company denies. “Since…
Read More “Adani Group says it lost nearly $55 billion since U.S. corruption charges” »
Gautam Adani, founder chairman of the ports-to-energy conglomerate, Sagar Adani and another key executive, Vneet Jaain, have been charged by the U.S. Department of Justice with being part of an alleged scheme to pay $265 million in bribes to Indian officials. File. | Photo Credit: PTI Billionaire Gautam Adani and his nephew Sagar Adani have…
People walk past the Bombay Stock Exchange (BSE) building in Mumbai. File photo | Photo Credit: REUTERS Equity benchmark indices began the trade on a firm note on Wednesday (November 27, 2024) amid fresh foreign fund inflows and a rally in the US markets. Concerns over tariff threats by U.S. President-elect Donald Trump, however, instilled…
Read More “Sensex climbs 166 points in early trade amid fresh foreign fund inflows” »
An employee counts U.S. dollar bills at a foreign exchange counter inside a bank in New Delhi. File photo | Photo Credit: REUTERS The rupee fell sharply by 15 paise against the US dollar to 83.44 in early trade on Wednesday (November 27, 2024) amid muted trends in the domestic equity markets. However, a decline…
Read More “Rupee falls by 15 paise against US dollar due to muted equity markets,” »
Financial Services Secretary M Nagaraju said public sector banks will unveil new products in the next few months. File | Photo Credit: The Hindu Financial Services Secretary M Nagaraju on Tuesday (November 26, 2024) said public sector banks will unveil new products in the next few months to improve credit growth. “We are actually committed…
Read More “PSU banks to launch new products in 3-4 months to ramp up credit growth: Banking Secy” »