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Category: Business Updates

Business Updates

Sensex plunges 826 pts, Nifty tanks 261 pts to 19,282; all sectors bleed, smallcap indices fall upto 4%

January 3, 2022By businessreputationdata

LTI Mindtree, Adani Enterprises, Hindalco, JSW Steel, Adani Ports, UPL, Tata Motors, Tata Steel, TCS, HDFC Life, NTPC, Wipro, Coal India and Grasim were the top losers.

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Business Updates

Govt hikes sugarcane price by Rs 10 to Rs 315 per quintal for 2023-24 season

January 3, 2022By businessreputationdata

The FRP of sugarcane has been fixed at Rs 315 per quintal for the 2023-24 season.

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Business Updates

State Bank of India plans infra bond issue to raise Rs 100 billion, say bankers

January 2, 2022By businessreputationdata

Reliance-Jio Financial Services demerger: In a first, India’s main stock exchanges held a special hour-long “pre-open call auction” trading session for Reliance on Thursday to determine JFS’ share price.

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Business Updates

Diesel exports to Europe at record high in Dec as flows shift from Latin America

January 1, 2022By businessreputationdata

The displacement of Russian fuels away from Europe — the major reason that led to the spurt in Indian fuel exports to the continent in the aftermath of the Ukraine invasion — also continues to play a role in the equation.

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Business Updates

Temasek to invest Rs 1,200 crore in M&M EV arm

January 1, 2022By businessreputationdata

Temasek will invest Rs 1200 crore in the form of Compulsorily Convertible Preference Shares (CCPS) at a valuation of up to Rs 80,580 crore, resulting in Temasek’s ownership of a 1.49 — 2.97 per cent stake in MEAL.

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Business Updates

Nifty ends above 20,000-mark for first time; Sensex gains 246 points

December 31, 2021By businessreputationdata

The 30-share BSE continued its rally for the ninth straight session and ended at 67,466.99, up 245.86 points, or 0.37 per cent.

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Business Updates

Data protection Bill may lower age of consent, ease related norms

December 31, 2021By businessreputationdata

The tenure of Vivek Singh, Officer on Special Duty to Union Finance and Corporate Affairs Minister Nirmala Sitharaman, has been curtailed with effect from July 17 on personal grounds, an office memorandum by Department of Personnel and Training (DoPT) said. The DoPT order dated July 5 mentioned that the Department of Expenditure had issued an […]

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Business Updates

India’s wheat output may touch new record of 114 million tonnes in 2023-24

December 31, 2021By businessreputationdata

FCI’s wheat procurement stood at 26.2 million tonnes, higher than the annual buffer requirement of 18.4 million tonnes.

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Business Updates

High volatility in vegetable inflation haunts economy: Crisil report

December 31, 2021By businessreputationdata

Vegetables have 15.5 per cent weight in the food index, which is the highest after cereals and milk, and remains the most volatile component

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Business Updates

Net direct tax collection rises 23.5% to over Rs 8.65 lakh crore on better advance tax mop-up

December 30, 2021By businessreputationdata

The net direct tax collection of Rs 8,65,117 crore (as on September 16) includes corporate income tax (CIT) at Rs 4,16,217 crore and personal income tax (PIT) including Securities Transaction Tax (STT) at Rs 4,47,291 crore.

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