The Indian stock market saw a strong rally today, with the Sensex surging 1,078.87 points (1.40%) to close at 77,984.38, reflecting positive sentiment among investors. Similarly, the NIFTY 50 ended the session at 23,658.35, gaining 307.95 points (1.32%). Top Gainers and Losers Kotak Mahindra Bank closed at ₹2,180 after reaching a high of ₹2,184.25 and a …
March has proven to be a blockbuster month for Indian equity markets! After a 5-month dry spell, India’s market cap has bounced back sharply, rising 9.4% in dollar terms, marking the biggest monthly gain since May 2021. With this rally, India has surged ahead of other major global markets to secure the top spot among …
To protect domestic industries from the influx of cheap imports, India has imposed anti-dumping duties on 5Chinese products, including vacuum flasks and aluminium foil. These levies, based on the Directorate General of Trade Remedies’ (DGTR) recommendations, aim to ensure fair competition and safeguard local manufacturers. Anti-Dumping Measures and Their Scope The Central Board of Indirect …
Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Saturday said that there is no need to alter the current taxation system and that foreign portfolio investors (FPIs) must “live with” the existing framework. Pandey, who assumed office as SEBI chief three weeks ago, highlighted India’s numerous advantages as the fastest-growing large …
The much-anticipated announcement of the Dearness Allowance (DA) hike for central government employees and pensioners has hit a roadblock. Traditionally declared before major Indian festivals such as Holi and Diwali, this year’s decision—expected before Holi—has been deferred. As of now, the Union Cabinet is yet to make an official declaration, despite earlier reports hinting at …
Tripura Chief Minister Manik Saha on Friday announced a 3% increase in Dearness Allowance (DA) and Dearness Relief (DR) for state government employees and pensioners. The revised DA will come into effect from April 1, 2025, raising the allowance from 30% to 33%. Over 1.85 Lakh Beneficiaries The decision will impact a total of 1,85,538 …
The Nifty Smallcap 100 Index tracks the performance of small-cap stocks in the Indian financial market. As of September 30, 2024, it accounted for approximately 5% of the free-float market capitalisation of NSE-listed stocks. Over the 6 months ending September 2024, its constituents contributed around 11% to the total trading volume on the NSE. Nifty …
The Securities and Exchange Board of India (SEBI) has introduced new guidelines requiring SEBI-registered intermediaries to verify their contact details before advertising on social media platforms. This measure aims to curb securities market fraud and enhance transparency. Rising Online Frauds in the Securities Market SEBI has observed a surge in fraudulent activities on various social …
Global tech giants OpenAI and Meta are reportedly in discussions with Reliance Industries for potential AI collaborations in India. According to a report by The Information, both companies have held separate talks with the Mukesh Ambani-led conglomerate to explore opportunities in AI expansion within the country. Potential Collaboration Between Reliance and OpenAI One of the …
In a major crackdown on tax evasion, the Directorate General of Goods and Services Tax Intelligence (DGGI) has blocked 357 offshore online gaming websites and identified around 700 offshore e-gaming firms attempting to evade GST. The move comes ahead of the Indian Premier League (IPL) 2025, as authorities tighten enforcement on illegal gaming platforms operating …
