Among the Sensex firms, Power Grid, ITC, JSW Steel, ICICI Bank, Tech Mahindra, Infosys, IndusInd Bank and Mahindra & Mahindra were the major laggards.
Currently, banks need to have a NNPA ratio of up to 7 per cent to become eligible for declaration of dividends.
Oil shipments to India have not been impacted so far. This is because a bulk of the country’s West Asian crude oil imports do not take that route, and tankers carrying Russian oil do not appear to be under threat from the rebels.
The CBDT statement comes days after Congress had questioned the widening gap between the ultra-rich and the middle class.
The revenue from operations for the quarter at Rs 1.01 lakh crore rose sharply by 42.6 per cent as compared to Rs 71,227.76 crore in the same quarter last year. Sequentially, the revenue from operations was down 3.3 per cent from Rs 1,05,016.7 crore.
The Bank of England said earlier this month that it expected inflation in July would fall to 6.8%.
Amit Shah started the process of returning hard earned money of crores of depositors of four cooperatives of Sahara Group by transferring the first tranche of Rs 10,000 each to 112 small investors.
Reliance Industries has booked three tankers scheduled to load oil from Venezuela in December and January, according to trade sources
The Central Goods and Services Tax (Amendment) Bill, 2023, and The Integrated Goods and Services Tax (Amendment) Bill, 2023, were passed by the Lok Sabha by a voice vote, without a debate.
While the UK has asked India to reduce duty on cars and whisky among other items, India has sought better access for its service sector workforce in the UK. The final deal could see India lower duty to a greater extent as India is a high tariff country.