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Category: Business Updates

Business Updates

Obituary: PRS Oberoi overcame 26/11 terror attack and takeover threat to redefine Indian hospitality sector

June 27, 2021By businessreputationdata

Chairman Emeritus of The Oberoi Group Prithvi Raj Singh Oberoi passed away on Tuesday at the age of 94.

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Business Updates

Lookout circular quashed, Delhi High Court frowns on its use by banks to recover money

June 27, 2021By businessreputationdata

A single-judge bench of Justice Subramonium Prasad held in its September 19 order– “The right to travel abroad is guaranteed under Article 21 of the Constitution of India which cannot be taken away in an arbitrary and illegal manner.

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Business Updates

Stock markets end 5-day winning run on profit-taking in IT stocks, weak global cues

June 26, 2021By businessreputationdata

In the last five days, the BSE benchmark rallied 1,972.72 points or 2.76 per cent, and the Nifty jumped 584.45 points or 2.71 per cent.

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Business Updates

‘Not much impact on the fisc from the five-year extension of food grains subsidy, crude surge a bigger worry’

June 25, 2021By businessreputationdata

The bigger challenge being seen by the government is the rise in global crude oil prices, but the Centre is confident of meeting its fiscal deficit target of 5.9 per cent of the GDP for financial year 2023-24, another senior government official said.

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Business Updates

Morgan Stanley upgrades India’s rating to overweight, downgrades China’s to equal weight

June 25, 2021By businessreputationdata

Morgan Stanley said that the country’s macro indicators remain resilient, and added that India’s economy is on track to achieve the GDP forecast of 6.2 per cent.

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Business Updates

LIC shares end nearly 10% higher

June 24, 2021By businessreputationdata

LIC shares closed with a gain of 9.69 per cent at Rs 677.65 on the BSE on Friday.

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Business Updates

Markets rebound after falling for two days; Sensex jumps 491 points

June 23, 2021By businessreputationdata

The 30-share BSE Sensex jumped 490.97 points or 0.69 per cent to settle at 71,847.57 points.

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Business Updates

India a $4 trillion economy? Adani to Fadnavis hail, but no official word

June 22, 2021By businessreputationdata

The finance ministry and the National Statistical Office did not immediately comment on the viral social media post on India’s GDP crossing USD 4 trillion.

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Business Updates

CBIC issues SoP to check use of freebies, liquor to lure voters

June 22, 2021By businessreputationdata

Refunds worth Rs 42,000 crore have been issued during April 1- July 9, 2023, which are 2.55 per cent higher than refunds issued during the same period in the preceding year.

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Business Updates

‘At $5 trillion, the country itself becomes an asset class and can’t be avoided anymore’

June 22, 2021By businessreputationdata

“In five years, Indians will be saving a trillion dollars a year,” says Anshu Kapoor, President and Head Nuvama Asset Management.

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