Stock market today: Sensex jumps 243 points, Nifty soars to 21,844
Business | Feb 06, 2024, 10:40 AM ISTThe BSE benchmark fell by 354.21 points in the previous trading session, and the Nifty declined by 82.10 points.
The BSE benchmark fell by 354.21 points in the previous trading session, and the Nifty declined by 82.10 points.
Samsung continued to lead with a 23 per cent market share, followed by Vivo at 15 per cent and OnePlus at 13 per cent in the 5G smartphone segment.
If HDFC Bank fails to complete the acquisition within the timeframe of one year, the approval will be revoked.
Paytm is actively collaborating with other banks to implement necessary changes in the backend for the continuity of its services.
Funds have been allocated for the establishment of an International Ramayana and Vedic Research Institute in Ayodhya.
The chief minister said that the budget was UP's largest, and the state's economy is the second biggest in the country.
UP Budget 2024 Highlights: Finance Minister Suresh Kumar Khanna outlined three new agriculture-related schemes with a total provision of Rs 460 crore to boost the sector.
The chief minister said that the budget was the state's largest, and UP's economy is the second biggest in the country.
The central bank's directive restricts Paytm Payments Bank from accepting deposits or top-ups after February 29.
Byju's founders and family members had pledged their house to pay employee salaries as the company continues to face a liquidity crunch.
The BSE Sensex fell 24.99 points to 0.03 per cent while the Nifty showed no change and stood at 21,853.80.
The RBI had raised concerns about the creation of several accounts at Paytm Payments Bank without proper identification, suspecting potential money laundering activities.
Finance Minister Nirmala Sitharaman highlighted the doubling of the GST taxpayer base and monthly revenues since its launch in her budget speech.
The company recorded a quarterly revenue of USD 119.6 billion, a 2 per cent year-over-year increase.
The RBI imposed restrictions, prohibiting the bank from accepting new deposits or conducting credit transactions after February 29.
The surge in the Sensex and Nifty can be attributed to robust global cues and positive budgetary announcements.
The Budget announced the withdrawal of outstanding small tax demands dating back to 1962, up to Rs 25,000 till 2014-15.
Vijay Shekhar Sharma stated in a blog post that Paytm's app will continue to function normally beyond February 29 for existing users to withdraw funds.
The BSE Sensex rose 846.64 points to 72,491.94, while the Nifty surged 256.55 points to 21,954.
Paytm Payments Bank Limited is prohibited from accepting new deposits, credit transactions, or top-ups in customer accounts, prepaid instruments, wallets, FASTags, and more from February 29 onwards.
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