Streamlined GST structure coupled with robust domestic economic indicators should sustain market momentum in the immediate future. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Monday. While Nifty50 was above 24,800, BSE Sensex was up almost 200 points. At 9:17 AM, Nifty50 was trading at…
MUMBAI India’s home interiors market could double its pace of growth in five years as consumers are increasingly spending on personalised and functional living spaces helped by rising disposable incomes. The market, currently valued at $12.3 billion is projected to reach $24.5 billion by 2030, growing at a compound annual growth rate (CAGR) of about…
NEW DELHI: Air India chief Campbell Wilson has told employees that there is nothing alarming about the go-around and flights returning to the bay in context of the carrier’s “scale and size” and said that the “the incidence rate is entirely normal”.“Over the past few months, our operations have garnered significant attention… Like all airlines,…
NEW DELHI: Finance minister Nirmala Sitharaman has said that the government is keeping a ‘good watch’ on exchange rates, stressing that besides rupee several other currencies have depreciated against the US dollar.“The rupee slide is largely against the dollar, not against any other currencies. That’s also because of the way globally, the dollar has strengthened,”…
MUNICH: German automotive group Volkswagen is looking at India as a potential market for its affordable small electric cars and is working with partners on how to best introduce them in the market, its CEO Oliver Blume said on Sunday. “India is a fantastic market, now the third biggest in the world. We see potential…
MUMBAI: E-commerce majors Amazon and Flipkart have begun updating their internal systems to ensure that scores of sellers registered with their platforms are able to pass on the benefits from GST rate reductions to their customers from Sept 22, the day the new tax slabs take effect. “To ensure seamless compliance, we are proactively updating…
PhysicsWallah, the edtech giant, is set to make its stock market debut, having submitted updated draft papers to Sebi to raise Rs 3,820 crore through an initial public offering (IPO) aimed at expansion and growth initiatives.The IPO structure includes a fresh issue of shares worth Rs 3,100 crore and an offer for sale of Rs…
Oil and Natural Gas Corporation (ONGC) has partnered with Japanese shipping firm Mitsui OSK Lines to operate two very large ethane carriers (VLECs) that will import petrochemical feedstock for its subsidiary, ONGC Petro Additions Ltd (OPaL), according to sources.As per news agency PTI, ONGC and Mitsui have agreed to build, own and operate the specialised…
Internet services across parts of Asia and the Middle East faced disruptions after undersea cables in the Red Sea were cut, experts said on Sunday. While concerns were raised over possible sabotage amid ongoing conflict in the region, it was not immediately clear what caused the incident, according to the news agency Associated Press.Microsoft said…
The Indian technology services outsourcing sector, valued at $283 billion, derives over 60% of its earnings from US. (AI image) India’s IT sector is worried about the possible imposition of tariffs on software exports to the US by the Donald Trump administration. The IT sector is already experiencing challenges due to worldwide economic uncertainties and…
