Benchmark equity indices Sensex and Nifty surged more than 1 per cent on Monday, registering their fifth day of rally on the back of buying in banking and IT shares after encouraging quarterly earnings and foreign fund inflows. Photograph: Shailesh
After falling 17 per cent since the start of the year to its March lows, the stock of the country’s largest pharmaceutical (pharma) company, Sun Pharmaceutical Industries, has clawed back nearly half of those losses. Photograph: Francis Mascarenhas/Reuters Recent acquisitions,
Automobile exports from India rose by 19 per cent to over 53 lakh units in the last 2024-25 fiscal year driven by robust demand for passenger vehicles, two wheelers and commercial vehicles in the overseas markets. Image used for representation
Foreign investors have infused nearly Rs 8,500 crore in the country’s equity markets last week, after a phase of heavy outflows earlier in the month, supported by renewed investor confidence, resilient domestic economy and relative insulation from global trade disruptions.
Trading sentiment in the equity market will largely be driven by domestic corporate quarterly earnings, any update related to US tariffs and foreign fund movements this week, analysts said. Illustration: Dominic Xavier/Rediff Investors would also focus on world market trends,
The combined market valuation of the top-ten most valued firms jumped by a whopping Rs 3,84,004.73 crore in the holiday-shortened last week, in-tandem with a smart rally in equities, with HDFC Bank and Bharti Airtel emerging as the biggest gainers.
Starlink’s application for offering satcom services in India had been held up for the company’s inability to comply with mandatory ownership disclosure norms. IMAGE: Prime Minister Narendra Modi and Tesla CEO Elon Musk during their meeting at Blair House in
The revised guidelines are aimed at curbing discretionary practices by field officers, especially the tendency to seek documents not mandated under the law. The Central Board of Indirect Taxes and Customs (CBIC) issued a comprehensive set of instructions on
Companies may foot less of the tax bill for some time yet. The corporate share of net direct tax collections has been lower in 2024-25 than in previous years. The corporate segment accounted for 45.6 per cent of total net
These cases are being reopened under Section 147 of the Income Tax Act, which empowers the department to reassess income if it believes that taxable income has escaped assessment. The income tax (I-T) department has begun reopening hundreds of old
