Business News Live: Hello and welcome to ABP Live’s Business LIVE blog. Please follow this space for all the breaking news and latest updates from the Stock Market, economy, and the corporate world. The stock markets last week oscillated back and forth and finally settled in green, after recovering the losses made on the last … Read more
Tata Group To Move To 70 Per Cent Green Energy By 2030, Says N Chandrasekaran Tata Group said on Saturday that it plans to transition to 70 per cent renewable energy by the end of the decade. Addressing the XLRI-Xavier School of Management convocation in Jamshedpur, N Chandrasekaran, Chairman, Tata Sons, said, “Nation-building impulse is … Read more
TCS Shares Dip 3% As Tata Sons Divests 0.65% Stake Tata Consultancy Services (TCS) witnessed a significant drop of over 3 per cent in its share value during Tuesday’s morning trade, as Tata Sons, its promoter, offloaded approximately 2.3 crore shares, representing a 0.65 per cent equity stake in the IT services giant, through block … Read more
IDBI Capital Markets & Securities Settles Stock Broker Violation Case With SEBI IDBI Capital Markets & Securities paid Rs 13 lakh in settlement charges to markets regulator, SEBI, regarding alleged violations of stock broker norms. The firm opted to settle the instant proceedings started against it, without admitting or denying the findings in the matter. … Read more
SEBI Issues Relaxation In Norms For FPIs The Securities and Exchange Board of India announced on Friday a relaxation in norms for Foreign Portfolio Investors (FPIs). The markets regulators said that it is exempting additional disclosure requirements for FPIs with over 50 per cent of their India equity assets under management in a single corporate … Read more
The US stock market indices ended higher on Thursday, with the S&P 500 closing at a record high and the Nasdaq composite rallying 1.5%, led by gains in technology and growth stocks on rising optimism about prospects for Federal Reserve rate cuts this year. The Dow Jones Industrial Average gained 130.30 points, or 0.34%, to … Read more
Not Facing Any ED Probe After RBI’s Disciplinary Action, Says Paytm Paytm parent, One97 Communications, issued a clarification on Sunday stating that the firm or its related entities are not facing any probe from the Enforcement Directorate (ED). The statement came after media reports said that the government agency could potentially launch an investigation against … Read more
Stock Market: Sensex Jumps Over 800 Points, Nifty Trading Above 21,600 The stock markets are attempting a strong rally to recover from the shocks of the previous week. As of 10:40 AM, the S&P BSE Sensex climbed more than 800 points to stand at 71,516.55, while the NSE Nifty50 was trading at 21,610.45, after gaining … Read more
Direct Tax-To-GDP Ratio Touches 23-Year High At 6.11% In FY23: CBDT The government’s direct tax-to-GDP ratio touched a 23-year high of 6.11 per cent in the 2022-23 fiscal year, official data from the Central Board of Direct Taxes revealed on Tuesday. The data showed that the government’s direct tax collections increased 17.8 per cent to … Read more
Rupee Slips 6 Paise To Hit 83.13 Against US Dollar In Early Trade The rupee depreciated 6 paise to touch 83.13 against the US dollar in the morning session, due to surging crude oil prices and dollar demand from importers. Forex traders noted that the domestic unit is trading in a narrow range after the … Read more