Stock markets are likely to trade in a range-bound manner in a holiday-shortened week where trading activity of foreign investors, currency movement and global macroeconomic data announcements are expected to drive sentiments, analysts said. Illustration: Dominic Xavier/Rediff Several global markets
The rupee appreciated 53 paise to close at 89.67 against the US dollar on Friday, supported by corporate dollar inflows and easing crude oil prices. Illustration: Dominic Xavier/Rediff Forex traders said a positive trend in domestic equities and Brent crude
Private-sector lender IndusInd Bank had said the Serious Fraud Investigation Office (SFIO) interacted with its officials this week and would send a written communication seeking specific details related to the accounting discrepancies identified at the bank. Photograph: Anushree Fadnavis/Reuters In
Leading non-banking financial company (NBFC) Shriram Finance on Friday said Japan-based MUFG Bank would invest Rs 39,618 crore, or $4.4 billion, to acquire a 20 per cent stake on a fully diluted basis through a preferential issue of equity shares.
UltraTech Cement on Saturday said it has received a GST demand notice for a total payment of Rs 782.2 crore, which it plans to contest before the appropriate forum. Photograph: Amit Dave/Reuters “The company is reviewing the Order, considering all
Officials said the government is keen to conform to the convention of the Union Budget for 2026-2027 being presented on February 1 despite it falling on a Sunday in 2026. IMAGE: Finance Minister Nirmala Sitharaman chairs a pre-Budget onsultation with
‘It will increase the contribution to gratuity, which is something the employer has to give.’ Illustration: Dominic Xavier/Rediff Days after the Centre notified the long-pending four labour Codes, the labour ministry is busy with preparatory work in finalising the rules.
The Enforcement Directorate on Friday questioned Jai Anmol Ambani, son of industrialist Anil Ambani, in Delhi in a money laundering case linked to an alleged bank loan fraud, officials said. Photograph: PTI Photo from the Rediff Archives They said the
Net direct tax collection grew 8 per cent to over Rs 17.04 lakh crore this fiscal till December 17 on slower refunds and higher advance taxes from corporates, the income tax department data showed on Friday. Illustration: Dominic Xavier/Rediff Net
Equity benchmark indices Sensex and Nifty surged on Friday after four days of decline in tandem with a rally in global markets as a lower-than-expected US consumer price inflation data for November reinforced expectations of further interest rate cuts by
