Category: Business

Business

GST Council is looking at rates item by item for rationalisation: Nirmala Sitharaman

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GST Council is looking at rates item by item for rationalisation: Nirmala Sitharaman

Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs in a conversation with The Hindu in Chennai on September 21, 2024 | Photo Credit: Dinesh Krishnan Union Finance Minister Nirmala Sitharaman on Saturday (September 21, 2024) said the Goods and Services Tax (GST) Council is looking at the GST rates, item by item, for rationalisation…

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Business

Vodafone Idea awards ₹30,000-cr contracts to Nokia, Ericsson, Samsung for 4G, 5G gear supply

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Vodafone Idea awards ₹30,000-cr contracts to Nokia, Ericsson, Samsung for 4G, 5G gear supply

The top priority for Vodafone Idea is to expand the 4G coverage to 1.2 billion Indians, the statement said | Photo Credit: Reuters Debt-ridden Vodafone Idea on Sunday (September 22, 2024) said it has awarded contracts worth about ₹30,000 crore to Nokia, Ericsson and Samsung for supply of 4G and 5G network equipment for three…

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Business

OYO to acquire iconic Motel 6 brand in $525 million all-cash deal

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OYO to acquire iconic Motel 6 brand in 5 million all-cash deal

The logo of OYO. Image used for representative purpose only. | Photo Credit: Thulasi Kakkat IPO-bound travel tech platform OYO on Saturday (September 21, 2024) announced it has agreed to acquire iconic American budget hotel chain Motel 6 and Studio 6 brands from Blackstone Real Estate for $525 million in an all-cash transaction, as the…

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Business

Amul denies supplying ghee to TTD in Tirupati laddu row

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Amul denies supplying ghee to TTD in Tirupati laddu row

A general view of Amul dairy plant in Anand, Gujarat | Photo Credit: Vijay Soneji Cooperative dairy brand Amul has denied supplying ghee to the Tirumala Tirupati Devasthanam (TTD) to quell speculation that the company was responsible for the use of animal fat in preparing laddus at the temple. “This is in reference to some…

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Business

Sensex soars 1,359 pts to settle above historic 84,000 mark; banks shares shine in global rally

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Sensex soars 1,359 pts to settle above historic 84,000 mark; banks shares shine in global rally

The 30-share Bombay Stock Exchange (BSE) Sensex jumped 1,359.51 points, or 1.63%, to settle at an all-time high of 84,544.31. | Photo Credit: Reuters Benchmark Sensex closed above the historic 84,000-mark for the first time while Nifty settled at a new record high on Friday (September 20, 2024), powered by a rally in frontline bank…

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Business

Rupee logs 10 paise gain to settle at 83.55 against U.S. dollar

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Rupee logs 10 paise gain to settle at 83.55 against U.S. dollar

The rupee stayed on the upward track for a record seventh straight session and settled 10 paise higher at 83.55 (provisional) against the dollar. File | Photo Credit: Reuters The rupee stayed on the upward track for a record seventh straight session and settled 10 paise higher at 83.55 (provisional) against the dollar on Friday…

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Business

Sensex jumps 440 points in early trade tracking firm global peers

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Sensex jumps 440 points in early trade tracking firm global peers

People walk past the Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: REUTERS Domestic equity indices Sensex and Nifty climbed in early trade on Friday (September 20, 2024) tracking a rally in global markets after the US Federal Reserve cut its benchmark interest rate after more than four years. The 30-share BSE Sensex…

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Business

Rupee rises 9 paise to 83.56 against US dollar in early trade

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Rupee rises 9 paise to 83.56 against US dollar in early trade

At the interbank foreign exchange market, the Indian currency traded 9 paise higher than its previous closing level. | Photo Credit: REUTERS The rupee sustained its gaining streak for the third straight session and rose 9 paise to 83.56 against the US dollar in early trade on Friday (September 20, 2024) buoyed by a firm…

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Business

Post-liberalisation analysis shows southern States as leading performers, while Uttar Pradesh and Bihar regressed economically.

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Post-liberalisation analysis shows southern States as leading performers, while Uttar Pradesh and Bihar regressed economically.

Passengers ride a train in Mumbai, India. | Photo Credit: ABEER KHAN Post-liberalisation in 1991, the per capita income of the southern States surged significantly and they emerged as “leading performers”, shows an analysis released by the Economic Advisory Council to the Prime Minister (EAC-PM). In contrast, the economic performances of Uttar Pradesh and Bihar…

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