Category: Business

Business

Bombay Stock Exchange Brokers’ Forum appoints Anup Gupta as Chairman 

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Bombay Stock Exchange Brokers’ Forum appoints Anup Gupta as Chairman 

File photo of Anup Gupta. Photo: Special Arrangement The Bombay Stock Exchange Brokers’ Forum (BBF) has appointed Anup Gupta as its new Chairman, effective September 30, 2024, succeeding Kishor Kansagra. “Mr. Gupta, Director of Sykes & Ray Equities (I) Ltd., brings extensive financial expertise, including M&A, corporate finance, and derivatives,” BBF said in a statement.  BBF represents…

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Business

Minimum Import Price extended for five categories of knitted fabrics 

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Minimum Import Price extended for five categories of knitted fabrics 

Representational image only. | Photo Credit: The Hindu The Department of Commerce has extended the Minimum Import Price on five categories of knitted fabrics till December 31, in a move to curb fabric imports. According to a notification issued on Tuesday (October 1, 2024), synthetic, manmade fibre, and cotton knitted fabrics under 13 HSN codes are…

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Business

Working with MCA to roll out PM Internship Scheme: CII

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Working with MCA to roll out PM Internship Scheme: CII

 The PM Internship Scheme aims to provide internship opportunities to one crore youth in 500 top CSR spend companies in the next five years. Representational file image. | Photo Credit: Reuters The Confederation of Indian Industry (CII) on Tuesday (October 1, 2024) said it is working closely with the Ministry of Corporate Affairs (MCA) to…

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Business

SEBI to take measure for F&O segment soon; calls for tax breaks on municipal bonds

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SEBI to take measure for F&O segment soon; calls for tax breaks on municipal bonds

Image used for representative purpose only | Photo Credit: Reuters Capital markets regulator SEBI is expected to take measures regarding the Futures and Options (F&O) segment very soon, in a bid to enhance investor protection, its senior official said on Tuesday (October 1, 2024). In addition, SEBI has urged the government to introduce tax breaks…

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Business

Maruti, Hyundai, Tata Motors report decline in wholesales in September

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Maruti, Hyundai, Tata Motors report decline in wholesales in September

Maruti Suzuki, Hyundai and Tata Motors reported a decline in wholesales in September as the companies curtailed dispatches to dealers to reduce inventory build-up amid a decline in demand. Maruti Suzuki India reported a 4% dip in total domestic passenger vehicle wholesales last month to 1,44,962 units compared to 1,50,812 units in the year-ago month….

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Business

Government picks three new members to join RBI’s Monetary Policy Committee

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Government picks three new members to join RBI’s Monetary Policy Committee

A worker walks past the logo of Reserve Bank of India inside its office in New Delhi. File | Photo Credit: Reuters The Central government, on Tuesday (October 1, 2024), appointed new monetary policy committee members with immediate effect. The new members are Ram Singh, Saugata Bhattacharya and Nagesh Kumar. They have been appointed by…

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Business

GST collections hit a 40-month low in September 2024

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GST collections hit a 40-month low in September 2024

Photo used for representation purpose only. Growth in India’s Gross Goods and Services Tax (GST) collections slumped to a 40-month low of 6.5% in September, yielding revenues of ₹1,73,240 crore, about 1% lower than the tally in August. Net GST receipts, after adjusting for refunds made to taxpayers, were 3.9% higher than a year ago,…

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Business

Rupee settles 3 paise lower at 83.82 against U.S. dollar in range-bound trade

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Rupee settles 3 paise lower at 83.82 against U.S. dollar in range-bound trade

The dollar index, which measures the dollar’s strength against a basket of six currencies, increased by 0.27% to reach 100.79. File | Photo Credit: Nagara Gopal The rupee stayed in a narrow range and settled 3 paise lower at 83.82 (provisional) against the U.S. dollar on Tuesday (October 1, 2024) amid subdued equity markets, unabated…

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Business

Stock markets settle flat in highly volatile trade; oil & gas, FMCG shares major drag

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Stock markets settle flat in highly volatile trade; oil & gas, FMCG shares major drag

According to exchange data, equities worth ₹9,791.93 crore were sold by FIIs on Monday, September 30, 2024, while Domestic Institutional Investors DIIs purchased equities valued at ₹6,645.80 crore. File | Photo Credit: Reuters Benchmark indices Sensex and Nifty edged lower on Tuesday (October 1, 2024), extending the losing run to the third day amid profit-taking…

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Business