Data released by the Central Board of Direct Taxes (CBDT) has showed net direct tax collection grew 16.45 per cent year-on-year to over Rs 15.82 lakh crore till December 17 this fiscal, buoyed by higher advance tax mop-up. Advance tax collection during the period rose 21 per cent to Rs 7.56 lakh crore. The collection … Read more
Sanghvi Movers is currently trading at Rs. 317.55, up by 3.10 points or 0.99% from its previous closing of Rs. 314.45 on the BSE. The scrip opened at Rs. 309.35 and has touched a high and low of Rs. 319.65 and Rs. 307.00 respectively. So far 17186 shares were traded on the counter. The BSE … Read more
Indian rupee weakened to an all-time low of 85.0750 against the US dollar on Thursday, tracking gains in American currency overseas after US Fed chair Jerome Powell-led rate-setting panel cut key interest rates by 25 bps and flagged a slower pace of interest rate cuts next year. Moreover, dollar demand from importers, foreign fund outflows … Read more
Power Grid Corporation of India is currently trading at Rs. 322.15, up by 0.60 points or 0.19 % from its previous closing of Rs. 321.55 on the BSE. The scrip opened at Rs. 315.65 and has touched a high and low of Rs. 323.30 and Rs. 315.65 respectively. So far 120271 shares were traded on … Read more
India tops the list of recipient countries for remittances in 2024 with an estimated inflow of $129 billion, followed by Mexico ($68 billion), China ($48 billion), the Philippines ($40 billion), and Pakistan ($33 billion), according to the latest figures compiled by World Bank economists. The growth rate of remittances this year is estimated to be … Read more
The Indian stock market opened in red on Thursday after the US Federal Reserve cut interest rates by 25 basis points, but warned that rate cuts may not come so easily in 2025 as anticipated earlier. As Fed’s focus moves towards maximum employment and price stability, the FOMC halved the number of rate cuts expected … Read more
Startups will be a core driver of India’s economic growth this ‘Techade,’ likely to contribute nearly $120 billion (or 1.6 per cent) to the country’s GDP by 2030, which will be nearly 3.5 times jump from $35 billion in 2023, according to a new report. Given that most developed economies see between 5-10 per cent … Read more
Manali Petrochemical is currently trading at Rs. 63.90, up by 0.01 points or 0.02% from its previous closing of Rs. 63.89 on the BSE. The scrip opened at Rs. 63.00 and has touched a high and low of Rs. 63.99 and Rs. 62.64 respectively. So far 10556 shares were traded on the counter. The BSE … Read more
India’s pharma industry is considered to be the world's third largest by volume, and in FY 2023-24 the pharmaceutical market has been valued at $50 billion, said Union Minister of State for Chemicals and Fertilizers Anupriya Patel. In a written reply to Rajya Sabha Patel said that in FY 2023-24, the pharmaceutical market’s domestic consumption … Read more
Dynamatic Technologies is currently trading at Rs. 8418.50, up by 91.10 points or 1.09% from its previous closing of Rs. 8327.40 on the BSE. The scrip opened at Rs. 8326.95 and has touched a high and low of Rs. 8390.00 and Rs. 8156.00 respectively. So far 202 shares were traded on the counter. The BSE … Read more
