Tag: Business

Sensex, Nifty rise in early trade on buying in IT stocks, firm global market trends

Posted on By admin
Sensex, Nifty rise in early trade on buying in IT stocks, firm global market trends

image for representative purposes | Photo Credit: The Hindu Stock market benchmark indices Sensex and Nifty advanced in early trade on Wednesday (January 29, 2025) amid a rally in global peers and buying in IT stocks. The 30-share BSE benchmark Sensex rose 355.87 points to 76,257.28 in early trade. The NSE Nifty went up by…

Read More “Sensex, Nifty rise in early trade on buying in IT stocks, firm global market trends” »

Business

Sensex, Nifty extend gains for 3rd day on strong global cues, lower U.S. inflation

Posted on By admin
Sensex, Nifty extend gains for 3rd day on strong global cues, lower U.S. inflation

Image for representative purposes only | Photo Credit: PAUL NORONHA Equity benchmark indices Sensex and Nifty rallied for the third session on the trot, helped by a rally in global markets after lower-than-expected consumer inflation in the U.S. ignited hopes of more rate cuts by the Federal Reserve. The 30-share BSE index climbed 318.74 points…

Read More “Sensex, Nifty extend gains for 3rd day on strong global cues, lower U.S. inflation” »

Business

Indian Founder’s Viral Tale Of How Amazon Destroyed His Business

Posted on By admin
Indian Founder’s Viral Tale Of How Amazon Destroyed His Business

An Indian startup founder’s story of how he went from generating a revenue of Rs 20 lakh per day to almost losing everything is going viral on social media. Shared by Grapevine founder Saumil Tripathi on X (formerly Twitter), the story shows how e-commerce giant Amazon capitalised on the founder’s business model and managed to…

Read More “Indian Founder’s Viral Tale Of How Amazon Destroyed His Business” »

Nation

Sensex, Nifty hit fresh record closing high levels on rate cut hopes

Posted on By admin
Sensex, Nifty hit fresh record closing high levels on rate cut hopes

File picture of Bombay Stock Exchange (BSE) building, in Mumbai | Photo Credit: PTI Benchmark Sensex rose by nearly 91 points to close at a fresh lifetime high while Nifty settled above the 25,400 level for the first time supported by firm global trends ahead of the much-awaited U.S. Fed’s decision on interest rates. Extending…

Read More “Sensex, Nifty hit fresh record closing high levels on rate cut hopes” »

Business

Global fund launches touch a record in China as yuan slumps

Posted on By admin
Global fund launches touch a record in China as yuan slumps

Eleven funds, under the Qualified Domestic Limited Partner programme, have been launched so far this year. File | Photo Credit: Reuters Global fund launches in China have hit a record as a weakening yuan and fragile economy drive demand for foreign assets, in the latest sign of low confidence among domestic investors. Eleven funds issued…

Read More “Global fund launches touch a record in China as yuan slumps” »

Business

Business Matters | What can India learn from countries like Vietnam to become an export giant?

Posted on By admin
Business Matters | What can India learn from countries like Vietnam to become an export giant?

Like with the last episode of Business Matters, this one too was triggered by a headline I saw in an article: “India fears losing out to China in smartphone exports race”. This Reuters piece cited IT Minister of State Rajeev Chandrasekhar’s letter dated January 3 to Finance Minister Nirmala Sitharaman expressing fears that India’s high…

Read More “Business Matters | What can India learn from countries like Vietnam to become an export giant?” »

World

RWAs Liable To Pay GST For Over-Charging Electricity Tariff From Flat Owners

Posted on By admin
RWAs Liable To Pay GST For Over-Charging Electricity Tariff From Flat Owners

RWAs liable to pay 18% GST on electricity bills if flat owners charged more than tariff by discoms New Delhi: Real estate developers and RWAs will be liable to pay 18 per cent GST on electricity bills if they charge from flat owners more than the power tariff prescribed by Discoms. The Central Board of…

Read More “RWAs Liable To Pay GST For Over-Charging Electricity Tariff From Flat Owners” »

Business

GST Collections Rise 13% To Rs 1.72 Lakh Crore In Oct, 2nd Highest-Ever

Posted on By admin
GST Collections Rise 13% To Rs 1.72 Lakh Crore In Oct, 2nd Highest-Ever

GST collections increased 13 per cent to Rs 1.72 lakh crore in October. New Delhi: GST collections increased 13 per cent to Rs 1.72 lakh crore in October, the second highest-ever, helped by momentum in the economy, efforts of taxmen in checking evasion and festive demand. “GST revenue collection for October 2023 is second highest…

Read More “GST Collections Rise 13% To Rs 1.72 Lakh Crore In Oct, 2nd Highest-Ever” »

Business