Indian stock markets tumbled on Thursday, with Sensex closing below 80,000 and Nifty below 24,000 for the first time since late November. The sell-off, driven […]
Category: Business
Government likely to reduce sale price of FCI rice for ethanol production; may allow sugar export
India’s government grapples with a massive rice surplus, exceeding four times the required stock. Despite offering a large quantity for ethanol production, there are no […]
Government plans law to ban unregulated lending
India’s central government has drafted legislation to combat predatory lending practices by unregulated entities, including digital platforms. The proposed law introduces penalties of up to […]
Rupee breaches 85/$ for 1st time on Fed’s comment of fewer rate cuts in future
The Indian rupee fell to a record low against the US dollar, crossing the 85 mark for the first time. This drop was influenced by […]
Air India orders 34 trainer aircraft for its upcoming flying school
Air India is establishing a massive flying training organization (FTO) in Amravati, Maharashtra, by mid-2025. The airline has ordered 34 trainer aircraft from US and […]
Avoid Rs 10 lakh income tax penalty! Why it’s important to report foreign income, assets in ITR by December 31, 2024 – check details
India’s tax department has clarified reporting rules for foreign income and assets. Non-disclosure invites hefty penalties under the Black Money Act, including a potential Rs […]
Adani, under bribery scrutiny, pressed by Bangladesh to reopen power deal
Dhaka has been behind on payments to Adani Power since supply started in July 2023. It owes several hundred million dollars for energy that has […]
Stocks on brokerages’ radar for December 19
Citi maintained a ‘buy’ rating for LIC Housing Finance with a target of Rs 851. Nuvama upgraded Coromandel International to ‘buy’ with a target of […]
Stock market today: BSE Sensex plunges over 1,000 points; Nifty50 below 24,000
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in opening trade on Thursday after US Federal Reserve’s hawkish commentary. While […]