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Economy

August 2, 2024 11:16 PM

SEBI working on various initiatives to streamline IPO process and enhance transparency-Madhabi Puri Buch

The SEBI (Securities & Exchange Board of India) Chairperson Madhabi Puri Buch says that the market regulator is working on several initiatives to streamline the IPO process and enhance transparency. Speaking at the 21st annual capital markets co...

August 2, 2024 8:22 PM

Record 7.28 Crore Income Tax Returns Filed by July 31; 72% opted for new regime

Taxpayers and tax professionals adhered to deadlines, setting a new record for Income Tax Returns (ITRs) filed by July 31. The total number of ITRs submitted for the assessment year 2024-25 exceeded 7.28 crore, marking a 7.5 percent increase over the...

August 2, 2024 4:41 PM

Sensex, Nifty slide on U.S. growth concerns

India’s benchmark indices fell sharply on Friday, snapping a five-day winning streak, as weaker-than-expected U.S. factory data triggered a global sell-off. The Nifty shed 293.20 points, or 1.17 percent, closing at 24,717.70, while the Sensex lost...

August 2, 2024 11:35 AM

Intel to cut 15% jobs, suspend dividend in turnaround push

Intel said on Thursday it would cut more than 15% of its workforce and suspend its dividend starting in the fourth quarter as the chipmaker pursues a turnaround centered around its loss-making manufacturing business. It also forecast third-quarter r...

August 2, 2024 9:31 AM

PM Modi meets Japanese Speaker Fukushiro, discusses opportunities & strategic partnership

Prime Minister Narendra Modi met the speaker of the House of Representatives of Japan- Nukaga Fukushiro and his delegation of Japanese Parliament and business leaders last evening. The Prime Minister highlighted the conducive business environment an...

August 2, 2024 8:52 AM

India and Vietnam sign nine agreements to deepen strategic partnership & enhance cooperation

India and Vietnam signed nine agreements to deepen comprehensive strategic partnership and enhance cooperation in the fields of customs, agriculture, legal, radio and television broadcast, culture and tourism. This was stated by Secretary East of the...

August 2, 2024 8:56 AM

“Defence collaboration between India, Vietnam is a very important pillar”: MEA

Ministry of External Affairs Secretary (East) Jaideep Mazumdar emphasized the growing importance of defense collaboration between India and Vietnam during a special briefing on Thursday. The briefing followed the three-day state visit of Vietnamese P...

August 1, 2024 8:32 PM

Ola IPO opens tomorrow with price band Rs 72-76; retail investors can bid for a minimum of 195 shares

Ola Electric Mobility Limited, a pioneer in India's electric vehicle (EV) sector, is poised to launch its Initial Public Offering (IPO) on Friday, August 2, 2024. The Bengaluru-based company has set the price band for its shares at Rs 72 to Rs 76 eac...

August 1, 2024 5:14 PM

Govt reports major progress in Smart Cities projects and 5G implementation

The Minister of State for Housing & Urban Affairs, Tokhan Sahu, provided an update on the Smart Cities Mission and 5G rollout in India during a written reply in the Lok Sabha on Thursday. According to the latest data from 100 smart cities, as of...

August 1, 2024 4:53 PM

Sensex, Nifty end at record highs

Indian benchmark indices ended at record highs on Thursday, boosted by the US Federal Reserve's indication that an interest rate cut is likely in September. Market sentiment was further boosted by news of India's manufacturing sector showing impress...

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