NEW DELHI: The CAG and IIM, Mumbai entered into an agreement on Tuesday to enhance capacity building of the federal auditor towards auditing govt departments in bringing efficiency and transparency of public sector logistic supply chain and inventory management.An MoU was signed by CAG Sanjay Murthy and Manoj Tiwari, director of IIM, Mumbai here focusing … Read more
India has decided to discontinue parts of its gold monetisation scheme, which had encouraged households and institutions to deposit idle gold in exchange for interest payments. The scheme, which was introduced in 2015, offered the option of gold deposits for 1-to-3 years, 5-to-7 years, and 12-to-15 years.The finance ministry announced late on Tuesday that the … Read more
JSW Steel is now ahead of US-based Nucor Corp, which held a market capitalisation of $29.92 billion. Sajjan Jindal-led JSW Steel has achieved a significant milestone by becoming the world’s highest-valued steelmaker, with its market capitalisation exceeding $30 billion on Tuesday.The impressive performance of JSW Steel’s stocks is attributed to a broader upward trend among … Read more
Market experts anticipate a continued upward trajectory, supported by foreign institutional investor inflows. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Wednesday. While BSE Sensex went above 78,100, Nifty50 was above 23,700. At 9:25 AM, BSE Sensex was trading at 78,138.01, up 121 points or 0.15%. … Read more
Top stocks to buy (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, RBL Bank, FirstCry, and Voltamp Transformers are the top stock picks for today:RBL Bank: BUY Near ₹170 | Stop Loss: ₹155 | Target: ₹204The stock has broken out of its 170–150 consolidation … Read more
NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday said the Budget has provided “unprecedented tax relief to honest taxpayers” and is aimed at boosting domestic production and enhancing export competitiveness, while indicating that the Income Tax Bill to replace the 63-year-old law will be taken up for discussion during the monsoon session of Parliament.In Budget, … Read more
The tax demand constitutes a significant portion of Samsung’s net profit in India, which stood at $955 million last year. (AFP Photo) India’s tax authorities have demanded Samsung and its local executives to pay $601 million as back taxes and penalties for allegedly evading tariffs whilst importing essential telecommunications equipment, a Reuters report says. This … Read more
US President Donald Trump with PM Narendra Modi. NEW DELHI: Indian and the United States officials will get down to finalising the contours of the proposed bilateral trade agreement, starting Wednesday, along with the terms of reference and schedule of what is expected to be a two-stage pact.A team led by assistant US trade representative … Read more
NEW DELHI: The Supreme Court has allowed audit regulator National Financial Reporting Authority (NFRA) to continue its proceedings against chartered accountants and firms where no audit quality review reports have been prepared and final orders are yet to be passed.During a hearing in a case challenging an order passed by the Delhi HC, a bench … Read more
Foreign portfolio investors have continued their exodus from Indian stock markets in early March as well. (AI image) Indian stock market indices, Sensex and Nifty, have come down significantly from lifetime highs. Investors have lost several lakh crore in the market correction and foreign portfolio investors have been withdrawing money continuously for several months now.Foreign … Read more