Business

Rupee rises 16 paise to 68.79 vs USD in early trade

100-rupee-new-note

The rupee appreciated by 16 paise to 68.79 against the US dollar in opening trade Wednesday, driven by positive opening in domestic equities and weakening of the greenback in overseas markets. The rupee opened strong at 68.83 at the interbank forex market then gained further ground to touch 68.79 per dollar, displaying gains of 16 paise over its previous close. ...

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2nd anniversary of Goods & Services Tax to be celebrated on 1st July 2019

gst

The second anniversary of Good & Services Tax (GST) will be celebrated tomorrow with Hon’ble Union Minister of State of Finance and Corporate AffairsAnurag Thakur presiding over the event. Subhash C. Garg, Secretary, Department of Economic Affairs, Dr. Ajay Bhushan Pandey, Revenue Secretary, Secretaries of the Ministries of Finance, Shri P.K. Das, Chairman CBIC, Members of CBIC, and senior officers ...

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Gold prices rise to 6 year high

gold-price

Gold has reached the highest level of six years. The price of gold in the global market and the Indian market is steadily rising. Gold has been continuously getting stronger since last six days. After all, what is the reason for the consistent strength of this price of gold, let’s know. On Tuesday, gold rose steadily for the sixth consecutive ...

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Insolvency proceedings initiated against Jet Airways

Insolvency proceedings have been initiated against debt-ridden Jet Airways, which formally stopped flying on April 17 and saw lenders voting for bankruptcy earlier this month. The cash-strapped company became the first domestic airliner to go into bankruptcy after the Mumbai bench of the National Company Law Tribunal (NCLT) admitted an insolvency petition filed by SBI on behalf of 26 lenders ...

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HCL Tech signs multi-year deal with Cricket Australia

business

IT services major HCL Technologies Wednesday said it has signed a multi-year deal with Cricket Australia (CA) to deliver digital experiences to fans, players and employees. The financial details of the deal were not disclosed. HCL Tech will help the Australian cricket’s governing body provide an elevated and immersive digital experience to cricket fans, players, partners, employees, and volunteers across ...

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Sensex ends modestly higher; auto, bank stocks slip

BSE-Bombay_Stock_Exchange_Building

The BSE Sensex ended modestly higher Wednesday after a highly volatile session as investors largely remained on the sidelines ahead of the US Fed’s interest rate decision. After rallying nearly 400 points during the day, the BSE gauge settled 66.40 points, or 0.17 per cent, higher at 39,112.74. The broader NSE Nifty closed almost flat at 11,691.45. Top gainers in ...

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BHEL bags 200 MW solar energy orders worth Rs 800 crore

State-run engineering firm BHEL Sunday said it has won two orders worth Rs 800 crore for setting up solar energy capacity of 200 MW, and its solar photovoltaic portfolio has touched 1,000 MW mark with these orders. Valued at over Rs 800 crore, the orders have been secured from the state-run power giant NTPC Ltd and Gujarat State Electricity Corporation ...

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India ad spend likely to be Rs 697 billion in 2019: Report

advertising

Advertising spend in India is likely to rise by 11.4 per cent to Rs 697 billion in 2019, driven by key events such as the ongoing cricket world cup and the recent general elections, according to a report by the Dentsu Aegis Network (DAN). The 2019 estimate is up from January’s projection of 10.6 per cent growth in ad spend, ...

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Gold prices increase amidst buying demand

gold-price

Gold prices rose by Rs 200 to Rs 33,570 per 10 gram in the national capital Wednesday following increased buying by local jewellers and a firm overseas trend, according to the All India Sarafa Association. Tracking gold, silver also surged by Rs 330 to Rs 37,890 per kg on fresh offtake by industrial units and coin makers. Traders said sentiment ...

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Sensex, Nifty extend gains led by IT stocks

BSE-Bombay_Stock_Exchange_Building

Benchmark indices Sensex and Nifty logged gains for a second straight session on Monday, mainly driven by IT stocks amid positive global cues after the US took trade tariffs off the table against Mexico. The BSE Sensex rose 168.62 points, or 0.43 per cent, to close at 39,784.52; and the NSE Nifty gained 52.05 points, or 0.44 per cent, to ...

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