Tuesday’s opening bell had an unusual twist: the Nifty50 and BSE Sensex parted ways instead of moving in sync, leaving investors wondering about the rare phenomenon. While Nifty 50 was down 159.25 points, or 0.64%, at 24,615.00, BSE Sensex was up 166.15 points, or 0.21%, at 78,805.18 around 9:42 am.Explaining the move, the National Stock…
Food regulator FSSAI prohibited Dabur from selling many products. The Food Safety and Standards Authority of India (FSSAI) has prohibited Dabur India from selling several food products carrying “100 per cent” claims, saying such labelling are “ambiguous, unverifiable” and “likely to mislead consumers”.In a post on social media on Monday, the food regulator said it…
Stock market today: How Nifty50 and Snesex performed in previous trading? Indian benchmark equity indices ended higher as investors cheered a sharp decline in crude oil prices and signs of easing geopolitical tensions in West Asia. BSE Sensex climbed 544.39 points, or 0.70%, to close at 78,639.03, while NSE Nifty advanced 390.70 points, or 1.60%,…
Oil prices rebounded modestly on Tuesday after posting their biggest single-day decline in weeks in the previous session.Benchmark oil prices extended their recovery, with Brent crude climbing $0.49, or 0.58%, to $84.26 a barrel, while WTI crude advanced $0.41, or 0.51%, to $80.75 a barrel around 7:20 am IST.The rebound followed Monday’s 7% slide, which…
A parliamentary panel suggests lowering the minimum director age to eighteen years. NEW DELHI: The joint committee of Parliamentary panel examining the amendments to the Companies Act has recommended reducing the minimum age for appointment as managing director and whole-time director from 21 years to 18, bringing it in line with similar age caps in…
CHENNAI: Flagging that “free is the most expensive word in public policy”, chief economic adviser (CEA) Anantha Nageswaran said infrastructure built on the promise of free or below-cost services cannot attract patient capital. “What makes infrastructure worthy of patient capital? There are three conditions: quality infrastructure, contract certainty, and policy certainty. And the fourth, which…
The Centre has once again revised the windfall tax on fuel exports, raising duties on petrol, diesel and aviation turbine fuel (ATF) for the next fortnight while keeping domestic fuel duties unchanged.According to a finance ministry notification, the revised special additional excise duty (SAED) will come into force from August 3.The SAED on diesel exports…
Oil prices declined on Monday, providing relief to Wall Street by easing concerns that inflationary pressures could intensify further. US stock market today:The S&P 500 gained 1%, extending its recovery after a turbulent July marked by sharp swings. The Dow Jones Industrial Average had advanced 624 points, or 1.2%, while the Nasdaq Composite was up…
Offshore funds seeking tax exemption on their global income will no longer have to comply with conditions such as maintaining at least 25 investors. The government has proposed a major easing of the eligibility norms for Eligible Investment Funds (EIFs) managed from India as part of its efforts to establish the country as a global…
Some tankers, including those carrying Russian crude, continue to transit the Bab el-Mandeb Strait. (Reuters photo) Saudi Arabia’s key Red Sea export terminal at Yanbu appeared to witness its busiest day since Houthi threats disrupted regional shipping, while additional vessels continued transiting the Bab el-Mandeb Strait with their tracking systems switched off.While some tankers, including…
