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Category: Business Updates

Business Updates

India to clock 6.5% GDP growth in FY24 despite high crude oil prices: NITI Aayog member

July 8, 2021By businessreputationdata

The Indian economy will grow at around 6.5 per cent in the current fiscal, notwithstanding high crude oil prices and increased uncertainty due climate changes, NITI Aayog member Arvind Virmani said on Thursday.

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Business Updates

Net direct tax mop-up grows 16% to Rs 4.75 lakh cr so far this fiscal

July 8, 2021By businessreputationdata

On June 27, SAT had reserved its order on petitions filed by Chandra and Goenka.

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Business Updates

RBI permits lending, borrowing in government securities

July 8, 2021By businessreputationdata

As regards maturity, RBI said the minimum tenor of a GSL transaction would be one day and the maximum would be the maximum period prescribed to cover short sales.

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Business Updates

Gold Silver Rate on Dhanteras: Global gold prices set for worst week in over a month

July 7, 2021By businessreputationdata

Dhanteras 2023 Gold Silver Rate in India: The opening price for 999 purity gold on Friday was Rs 60,117 per 10 grams, Rs 20 higher from Thursday’s closing price of Rs 60, 097, while that of 999 purity silver was Rs 70,100 per kg, Rs 200 lower than closing price of Rs 70,300.

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Business Updates

TCS profit rises 16.8% in June quarter

July 7, 2021By businessreputationdata

On Wednesday, which was the last day for trading, shares of HDFC Ltd closed at Rs 2,729.95 apiece, down 0.62 per cent, or Rs 17.05, on the BSE. HDFC Bank’s stock settled at Rs 1,633 apiece, down 0.95 per cent, or Rs 15.65.

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Business Updates

Inflows in Gold ETF hit 16-month high at Rs 1,028 crore in August

July 6, 2021By businessreputationdata

Gold exchange-traded funds (ETFs) attracted Rs 1,028 crore in August, making it the highest inflow in 16 months, amid continued hikes in interest rates in the US, which led to a slowing down in growth rate there.

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Business Updates

Govt disburses Rs 4,415 crore under different PLI schemes so far

July 6, 2021By businessreputationdata

The government in 2021 announced PLI schemes for 14 sectors such as telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, etc.

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Business Updates

Adani hikes stake in two group companies

July 4, 2021By businessreputationdata

In addition to stake sale by promoters, the three portfolio companies have received board approvals for primary issuances through a share sale to investors.

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Business Updates

Sensex, Nifty trade flat; broader markets outshine, healthcare stocks jump

July 3, 2021By businessreputationdata

By 9.30 am, Sensex was trading 47.68 points, or 0.07 per cent higher at 65,675.82, while Nifty50 gained 21.05 points, or 0.11 per cent to 19,549.85.

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Business Updates

‘Not bothered even if you die’: SC warns SpiceJet of ‘drastic action’ if Credit Suisse dues unpaid

July 3, 2021By businessreputationdata

Credit Suisse and SpiceJet have been engaged in a legal dispute since 2015 over the bank’s claim of unpaid dues of around $24 million, which led to the Madras High Court’s order that the airline be wound up in 2021.

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