Nifty maintains positive short-term trajectory, though struggling at resistance levels. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked after a positive start on Friday. While BSE Sensex went below 75,700, Nifty50 was below 22,850. At around 11:40 AM, BSE Sensex was trading at 75,668.82, down 470 points or…
NEW DELHI: Adani Green Energy has pulled out of two proposed wind power projects and linked transmission lines, which would have seen a total investment of about $1 billion, in Sri Lanka after Colombo sought to trim the tariff.The company wrote to Sri Lanka’s Board of Investment on Wednesday to convey its decision. “Adani Green…
Top stocks to buy (AI image) Stock market recommendations: According to Bajaj Broking Research, Vedanta and International Gemmological Institute are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for February 14, 2025:Index View: NiftyThe Index on Thursday’s session traded with high volatility and closed marginally…
New Income Tax Bill 2025 (AI image) New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman has tabled the New Income Tax Bill in Lok Sabha on Thursday, comprising 536 clauses across 622 pages, with an aim to replace the existing 823-page law that has been in effect for 64 years. The New Income Tax…
In a written communication to Sri Lanka’s Board of Investment (BOI) dated Wednesday, Adani expressed respect for the government’s stance. The Adani Group on Thursday said that it has pulled out of further engagement in a $442 million wind power venture in Sri Lanka after the country’s authorities attempted to modify the agreement.In a media…
For 2023-24, EPFO offered 8.25% interest on earnings of ₹1,07,000 crore. Latest EPFO interest rate: The EPFO might maintain the provident fund deposits interest rate for 2024-25 near the previous year’s 8.25% when its central board of trustees (CBT) gathers on February 28, according to informed sources.For 2023-24, EPFO provided 8.25% interest on ₹1,07,000 crore…
Jefferies has initiated its coverage of recently listed ITC Hotels with a ‘buy’ recommendation with a target price of Rs 240 (+37%). Analysts feel the company is seeing continuation of the long tenured hotels management team and post demerger, they believe that the independent new existence will help improve focus on return/growth. ITC Hotels is…
NEW DELHI: Telecom regulator Trai on Wednesday intensified its crackdown on pesky calls and messages with new rules, that prescribe fines ranging from Rs 2 lakh to Rs 10 lakh for recurring and repeated instances of violation, in cases where telcos misreport the count of such spams.The regulator has mandated all telecom operators to analyse…
BENGALURU: Commerce and industry minister Piyush Goyal said the combination of growth driven by consumption, alongside growth propelled by investment can serve as twin pillars for India’s economic advancement. “Economists will tell you that consumption-led growth, coupled with investment-led growth, can together become the twin pillars on which India’s growth story will rapidly scale up,”…
MUMBAI: RBI has lifted restrictions it imposed on Kotak Mahindra Bank in April 2024, which had prevented it from on-boarding new customers through its online and mobile banking channels and from issuing fresh credit cards, the lender informed exchanged. RBI had placed restrictions on the bank for inadequacies in its IT systems. According to Kotak…
