Two development projects in Bihar, totalling over ₹480 crore, have been awarded. ITI Limited, the public sector telecom manufacturing company, has received an order worth about ₹300 crore from the Bihar Renewable Energy Development Authority (BREDA) for the supply and installation of 100,000 solar street light systems across 10 districts in Bihar. The shares of…
There has been a marked increase in the number of income tax notices issued to taxpayers across India in recent months. These communications – on everything from defective returns to demands for additional taxes – have caused anxiety and confusion, especially among individual taxpayers. This article delves deeper into the reasons behind the increase in…
The host of measures suggested by the market regulator SEBI to strengthen index derivatives has put traders in a bind. SEBI is expected to announce the new norms soon, as the last date for public comments on the consultation paper was August 20. SEBI’s consultation paper proposes measures including increasing contract sizes by up to…
Infosys and Proximus Group announced a strategic collaboration today to enhance digital services and unlock new business opportunities. The partnership will leverage Proximus Group’s Digital Identity (DI) and Communications Platform as a Service (CPaaS) solutions, combined with Infosys’ digital services. The shares of Infosys Ltd were trading at ₹1,924 up by ₹29.35 or 1.55 per…
Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: Reuters Equity benchmark indices climbed in early trade on Tuesday (September 10, 2024) tracking a rally in global markets and fresh foreign fund inflows. The 30-share BSE Sensex climbed 241.68 points to 81,801.22 in early trade. The NSE Nifty went up 78.4 points to…
JTL Industries Limited has expanded the manufacturing capacity of its galvanised iron (GI) plant in Mangaon, Maharashtra, by 5,000 MT per quarter, as part of its efforts to produce more value-added products (VAP). The shares of JTL Industries Limited were trading at ₹233.39, up by ₹2.64 or 1.14 per cent, on the NSE at 10.35…
The rupee traded in a narrow range on Tuesday (September 10, 2024) and depreciated 3 paise to 83.98 against the American currency. File | Photo Credit: Reuters The rupee traded in a narrow range on Tuesday (September 10, 2024) and depreciated 3 paise to 83.98 against the American currency, amid a muted trend in domestic…
US and Indian markets rallied Tuesday morning, driven by bargain hunting and optimism ahead of key economic data releases. The Nifty opened at 24,999.40, up from Monday’s close of 24,936.40, while the Sensex started the day at 81,768.72, rebounding from its previous close of 81,559.54. “This Tuesday, the Nifty is poised to regain ground after…
The Indian government confirmed the first case of Mpox on Monday, raising alarms over the transmission of the virus in the country. The development coincides with the prevalence of other infectious and vector-borne diseases like malaria, dengue, chikungunya, etc, raising concerns about rising medical costs. The World Health Organisation (WHO) declared the clade 1 variant…
The Jamshedpur-based Auto parts manufacturer Kross Ltd’s IPO, which opened on Monday, was subscribed 0.88 times, mainly due to retail interest. While QIBs did not show interest on Day 1 of the issue opening on Monday, the retail portion was subscribed 1.50 times. The HNIs (non-institution) portion received bids 0.6 times so far. The IPO…
