MUMBAI: Markets regulator Sebi on Saturday proposed to make some changes to the recently introduced Closing Auction Session’s (CAS) timings and to the derivatives pricing mechanism. Launched on Aug 3, CAS had created controversy in the market with traders and investors pointing out that it increased volatility in stock prices and index values.Last week, Sebi…
Wall Street’s main indices edged higher in choppy trade on Monday, recovering from the previous session’s sharp losses, even as the Middle East conflict widened and kept investors cautious.The Dow Jones Industrial Average rose 0.48 per cent, the S&P 500 gained 0.32 per cent, and the Nasdaq Composite advanced 0.19 per cent in early trade,…
China on Thursday described its economic and trade cooperation with India as “mutually beneficial and win-win in nature” and urged New Delhi to provide a fair, transparent and non-discriminatory business environment for Chinese companies operating in the country.Chinese foreign ministry spokesperson Guo Jiakun made the remarks at a press briefing when asked about reports that…
The company had posted a consolidated net profit of Rs 1,706 crore in the corresponding period of previous fiscal. NEW DELHI: Leading two-wheeler maker Hero MotoCorp has reported a 17% decline in consolidated profit after tax to Rs 1,418 crore in the first quarter ended June 30 due to high base effect. The company had…
Benchmark stock indices Sensex and Nifty surged nearly 2 per cent on Tuesday, tracking gains in Asian markets after US President Donald Trump announced a temporary halt on strikes targeting Iranian energy infrastructure.The 30-share BSE Sensex jumped 1,372.06 points, or 1.89 per cent, to close at 74,068.45. During the session, it rallied as much as…
India’s coal imports declined 8.5 per cent to 16.55 million tonnes in February, as record domestic stockpiles and firm global prices reduced reliance on overseas supplies, according to data compiled by mjunction services, reported PTI. The country’s coal imports are expected to remain subdued in the near term, with domestic miners stepping up efforts to…
India’s merchandise exports declined 7.44% year-on-year to $38.92 billion in March as disruptions in key trade routes amid the Middle East conflict weighed on outbound shipments.Imports also fell 6.51% to $59.59 billion from $63.75 billion in the year-ago period, reflecting the impact of tensions affecting routes such as the Strait of Hormuz, according to government…
Riteish Deshmukh’s ambitious period drama Raja Shivaji is quickly shaping up to be one of the most talked-about films of the year, thanks to its grand scale and impressive ensemble cast. Fueling the excitement further is the confirmation of Salman Khan making a special appearance in the film.While there had been earlier reports about Salman…
The point is not that America has become less relevant. It’s about the rest of the world finally catching up as a credible alternative. By Sebin Jinny, Partner at Vialto PartnersFor Indian students and professionals, the US has long been a natural first choice when thinking about international education and careers. That is unlikely to…
Clubbing of income is a provision under the Income Tax Act. Can a minor child’s interest income lead to an income tax notice for the father? The Income Tax Appellate Tribunal (ITAT) Delhi has held that a father cannot be subjected to a Rs 12.83 lakh penalty under Section 270A when the income declared in…