Benchmark equity indices Sensex and Nifty closed higher for the fourth day in a row on Monday following a rally in global markets and upbeat investors’ sentiment after the RBI’s jumbo 50 basis points rate cut. Photograph: Shailesh Andrade/Reuters The
The surge in the market price is also attributed to demand by retail and high-networth individual investors ahead of the IPO. IMAGE: The National Stock Exchange headquarters in Mumbai. Photograph: ANI Photo The price of unlisted shares of the
State-owned Bank of Baroda (BoB) on Sunday said it has cut its benchmark lending rate linked to repo rate by 50 basis points in line with the RBI’s rate reduction. Illustration: Uttam Ghosh/Rediff Meanwhile, private sector HDFC Bank reduced its
HDFC Bank has denied Lilavati Trust’s allegation that the bank’s MD and CEO Sashidhar Jagdishan was involved in a series of financial frauds. IMAGE: Sashidhar Jagdishan, managing director and CEO, HDFC Bank. Photograph: Kind courtesy TERumel/wikipedia.org/Creative Commons, background image Shailesh
After investing a staggering amount in May, foreign investors turned net sellers with a withdrawal of Rs 8,749 crore from the Indian equity markets in the first week of this month triggered by renewed US-China trade tensions and rising US
The Director General of GST Intelligence has closed pre-show cause notice proceedings against Infosys for financial years 2018-19 to 2021-22, involving a GST amount of Rs 32,403 crore, the company said in a statutory filing. Illustration: Dado Ruvic/Reuters With the
Foreign investment in bonds issued by Indian corporates touched a 10-year high in May at Rs 20,996 crore, driven by $3.35 billion fundraise by the Shapoorji Pallonji (SP) group, which saw infusion from Deutsche Bank, BlackRock, Morgan Stanley, Davidson Kempner,
GST Network on Saturday said beginning the July tax period, GST taxpayers will not be able to file monthly and annual GST returns after three years of the original filing due date. Illustration: Dominic Xavier/Rediff The July 2025 tax period
Reliance Industries chairman and managing director Mukesh Ambani announced an unconditional grant of Rs 151 crore to his alma mater the Institute of Chemical Technology, Mumbai. Ambani had graduated from ICT in the 1970s. He spent over three hours on
Markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of absconding diamantaire Mehul Choksi to recover dues totalling Rs 2.1 crore in a case of violation of insider trading rules in the shares
