Business

NEW DELHI: Hyundai Motor India will increase prices across its vehicle lineup by up to Rs 12,800 from June 1. The company said the increase will vary depending on the model and variant. Hyundai said the hike was being implemented due to rising input costs, higher commodity prices and increased operational expenses. The company added…

NEW DELHI: Cabinet Wednesday approved the Rs 25,530 crore Sarthak Public Distribution System (PDS) scheme, aimed at modernising the country’s food distribution network, which currently supports nearly 80 crore beneficiaries.I&B minister Ashwini Vaishnaw said the initiative would provide assistance to state agencies for intra-state movement of food grains, while also modernising and strengthening PDS network…

NEW DELHI: In a big setback to online gaming firms facing show-cause notices for GST evasion of around Rs 2.5 lakh crore (with penalty), Supreme Court Wednesday upheld levy of 28% tax on the full face value of online gaming bets and validated rules under CGST for determining valuation of taxable supplies for lotteries, betting,…

Institutional investors put in bids worth around Rs 19,000 crore for Coal India shares on the first day of the government’s offer for sale (OFS) on Wednesday, PTI reported.The government is selling up to a 2 per cent stake, or over 12.32 crore shares, in Coal India at a floor price of Rs 412 per…

The finance ministry has called a meeting of heads of public sector banks (PSBs) on May 29 to review credit flow to the agriculture and MSME sectors, financial performance and banking operations amid the ongoing Middle East crisis, PTI reported.The meeting will be chaired by Financial Services Secretary M Nagaraju, a day before his retirement.According…

Investors will get a mid-week trading break as stock exchanges NSE and BSE will remain closed on Thursday, May 28, for Bakri Id.Trading across equity, equity derivatives and securities lending and borrowing (SLB) segments will remain suspended for the day, making this a shortened trading week for Dalal Street participants, reported ET. The holiday comes…

New Delhi: Chairing a Pragati meeting on Wednesday, PM Narendra Modi told housing and urban affairs ministry officials to first identify 50 cities and achieve 100% cleanliness in them in all aspects, from making them garbage free to processing all their solid and liquid waste.TOI has learnt that Modi suggested that ministry and state govts…

Amid the ongoing stalemate over US-Iran deal, credit rating agency Moody’s Ratings on Wednesday said Indian banks are among the more exposed lenders in the Asia-Pacific region to risks arising from the ongoing Middle East crisis because of India’s heavy dependence on energy imports from the region, PTI reported.The ratings agency said sustained high oil…

Every crisis reminds us that markets can swing like a pendulum between greed and fear. (AI image) Sensex and Nifty are in deep red. Gold, the favourite safe haven asset for investors, is seeing huge volatility. The US-Iran conflict has hit investment portfolios of Indians who are now left wondering: where is their money safe?…

Wall Street hovered near record levels on Wednesday as falling crude oil prices eased inflation concerns and boosted investor sentiment, AP reported.The S&P 500 rose 0.1 per cent after closing at a record high in the previous session. The Dow Jones Industrial Average gained 171 points, or 0.3 per cent, while the Nasdaq Composite was…