The gain came on a day when London-based Financial Times, citing documents from George Soros-backed Organized Crime and Corruption Reporting Project (OCCRP) in a report alluded to fraud by the Adani group by selling low-grade coal as high-value fuel in 2013.
In the previous trading session on Tuesday, the BSE benchmark had declined by 52 points to settle at 73,953, whereas the Nifty50 had closed higher by 27 points at 22,529.
Buddha Purnima will be celebrated across the country on May 23. Will the banks be closed on Thursday? Know here.
In the early trade, the 30-share BSE Sensex climbed 212.21 points to 74,165.52. Meanwhile, the Nifty was also up by 48.35 points to 22,577.40.
The Employees' Provident Fund Organisation (EPFO) has introduced a new rule to simplify the process of claiming EPF benefits after a member's death. This initiative aims to address challenges faced by field offices in updating or rectifying Aadhaar details posthumously.
Raisi's untimely death has prompted speculation on global markets as Iran is a major oil-producing country. However, experts believe his death won't have a significantly debilitating effect as all state matters are controlled by Iran's Supreme Leader Ayatollah Ali Khamenei.
In the early trade, the 30-share BSE Sensex fell 218.11 points to 73,787.83 in early trade. The Nifty declined 97.45 points to 22,404.55.
Uber has become the first company to receive an aggregator licence from the Delhi Transport Department to operate buses under the Delhi Premium Bus Scheme. The official launch of Uber Shuttle follows a successful pilot program that showed significant demand for bus services in Delhi.
Prime Minister Narendra Modi said that the improvement in the health of banks will help improve credit availability to our poor, farmers and MSMEs.
Born to a fruit vendor, Kamath in his early days assisted his father in the fruit business, which is said to have provided him with an invaluable understanding of fruits. He left his village at the age of 14 and shifted to Mumbai, where he found a job at his brother’s restaurant.
Former Lava MD Hari Om Rai was arrested in October last year in Vivo mobile money laundering case. The ED has alleged, in the case, that various companies were used to send money to China to evade tax.
These sessions are being conducted based on specific discussions with markets regulator SEBI and their technical advisory committee with a view to assessing the preparedness of market infrastructure institutions.
The Sunday Times has released the list of top 20 richest people in Britain. According to the list, the Hinduja family has once again emerged UK's richest.
Major sectors such as IT, finance, and consumer goods saw notable increases, driving the overall market uptrend. Positive global cues and strong domestic earnings reports contributed to the rally.
According to the latest update, the consumer price inflation in India is projected to decelerate from 5.6 per cent in 2023 to 4.5 per cent in 2024, staying within the central bank’s two to six per cent medium-term target range.
Bharti Airtel also made significant gains, climbing by 2.38% to Rs 1,342.95, amid expectations of tariff hikes post-general elections. Additionally, Tech Mahindra Ltd (TecM), Titan Company Ltd, and Infosys Ltd each recorded gains of over 2%.
The new rates on deposits less than Rs 2 crore are effective from May 15, 2024. Senior citizens would be eligible for an additional 50 basis points on the revised rates as per the norms.
The benchmark indices, Sensex and Nifty, displayed encouraging gains in early trade on Thursday. The positive momentum witnessed across various sectors further underscored the broad-based nature of the market rally.
The just-concluded financial year, 2023-24, saw India's exports soaring to unprecedented heights, surging past the remarkable milestone of USD 778 billion. The surge in exports reflects the concerted efforts of various stakeholders, including government initiatives and proactive policy reforms.
As per the survey, the female unemployment rate in the urban areas decreased from 9.2 per cent in January-March 2023 to 8.5 per cent in January-March 2024.
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