Indian Railways is working tirelessly to improve its connectivity across the country. It has undertaken several projects including laying of new railway tracks, doubling of lines, electrification, redevelopment of stations, construction of ROBs, launching of new trains etc. In this context, the Ahiran-Sujnipara doubling project of West Bengal deserves special mention. The Ahiran-Sujnipara rail project …
Blackstone Inc. is seeking to raise as much as 31.8 billion rupees ($400 million) through the sale of shares in Indian automotive component maker Sona Comstar, according to terms of the deal seen by Bloomberg News. An affiliate of the US firm is offering the shares in Sona BLW Precision Forgings Ltd., as it is …
Asian stocks and US equity futures stabilized Wednesday as investors assessed whether an escalating economic slowdown will lead the Federal Reserve to temper the pace of monetary tightening. South Korea led modest early gains among Asian bourses, while S&P 500 contracts fluctuated after the gauge posted a small loss on Tuesday. The latest data showed …
The government on Thursday hiked the windfall profit tax on the export of diesel to Rs 7 per litre and brought back a tax on jet fuel exports, but slashed the levy on domestically produced crude oil in line with softening rates.At the third fortnightly review, the government raised the windfall profit tax on the …
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian benchmark indices ended near the day’s high in a highly volatile session with Nifty settling shy of 17,700. The BSE Sensex index closed 130.18 points or 0.22% up at 59,462.78, and the NSE Nifty 50 shut shop 39.20 points or 0.22% higher at 17,698.20. …
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel has been left unchanged for the 84th day by OMCs on August 17. The most recent price reduction had come in Maharashtra when the state government announced a cut in value-added tax (VAT) on petrol by Rs 5 …
The current account savings account (CASA) ratio of CSB Bank will remain at an average of 30-31% for next one year as the bank will adopt a more diversified liability strategy, says managing director and chief executive officer Pralay Mondal. “When you grow faster than what you have grown in the past, a lot of …
Indian equity markets are likely to open higher on week’s last trading day. Ahead of Friday’s session, SGX Nifty was up with gains, suggesting a positive opening for benchmark indices BSE Sensex, NSE Nifty 50. Global cues were mixed after Dow Jones and S&P 500 closed with losses while the tech-heavy NASDAQ gained in the …
By Ashley Coutinho The steep run-up in the last month-and-a-half has pushed up valuations of Indian equities. After a punishing first half, the Nifty50 rallied 8.7% in July on hopes that the US Federal Reserve would raise rates at a slower clip, paring the year-to-date decline to 1.3%. “The Nifty, at 15,200, was a good …
Reversing a two-session losing streak, the rupee appreciated by 16 paise to close at 79.24 against the US dollar on Friday after the Reserve Bank hiked interest rates by 50 basis points. At the interbank foreign exchange market, the domestic currency opened at 79.15 per dollar and hovered in a range of 78.94 to 79.29.It …