[ad_1] NEW DELHI: Officials from the Central Board of Indirect Taxes and Customs (CBIC) will keep a close eye on price movement of 54 commonly used consumer items over the next six months to ensure that the benefits of lower GST are passed on to consumers.In a recent advisory, CBIC has asked officers to compile…
[ad_1] What to know about Larry Ellison co-founded firm’s sudden rise On Wednesday, Oracle stunned Wall Street when its shares surged 36% in a single day, the company’s biggest one-day gain since 1992. The rise followed its announcement of a series of multibillion-dollar deals in artificial intelligence (AI) cloud infrastructure, including a landmark agreement with…
[ad_1] Silver rate today: Silver prices surged to an all-time high on Friday, climbing Rs 1,668 to touch Rs 1,30,000 per kilogram in the domestic futures market, as investors bet strongly on a possible US Federal Reserve rate cut next week.On the Multi Commodity Exchange (MCX), silver futures for March 2026 delivery rose by Rs…
[ad_1] Gold rate today: Gold and silver prices surged to record levels on Friday, buoyed by strong global demand and rising expectations of an interest rate cut by the US Federal Reserve next week. In the national capital, 99.9% purity gold touched Rs 1,13,800 per 10 grams, while silver crossed Rs 1,32,000 per kilogram, according…
[ad_1] MUMBAI: Sebi on Friday unveiled reforms easing minimum dilution norms for IPO-bound companies, and creating a single-window system for low-risk foreign investors like sovereign wealth funds, central banks, and retail funds, eliminating repeated paperwork.The relaxation comes amid rising foreign outflows, driven by steep US tariffs, weak earnings and rich valuations. Overseas investors have withdrawn…
[ad_1] The Securities and Exchange Board of India (Sebi) on Friday approved a series of reforms aimed at strengthening India’s capital markets, including relaxed IPO norms for very large companies, streamlined access for foreign investors, and a revised framework for anchor investors in public issues. The decisions came during the third board meeting chaired by…
[ad_1] India is set to emerge as the world’s next manufacturing powerhouse, and policy stability will be crucial to realise this potential, Maruti Suzuki India MD and CEO Hisashi Takeuchi said on Friday. Speaking at the annual convention of the Automotive Component Manufacturers Association of India (ACMA), Takeuchi highlighted the country’s unique strengths and opportunities…
[ad_1] Infosys’ announcement of its largest-ever share buyback, valued at Rs 18,000 crore and priced at Rs 1,800 per share, has sparked investor interest. The offer, representing about 10 crore shares or 2.41% of the company’s equity, comes at a 19% premium over Thursday’s closing price of Rs 1,512 and is positioned as a “buy…
[ad_1] US President Donald Trump has levied an additional 25% duty on Indian imports to pressure India to stop buying Russian oil. (AI image) The United States Treasury has urged its G7 and European Union partners to levy “meaningful tariffs” on Chinese and Indian imports to counter their Russian oil acquisitions. The US Treasury has…
[ad_1] India’s equity valuations are trading marginally below their historical averages but continue to remain expensive compared with regional peers, raising concerns amid slowing earnings growth.The benchmark Nifty currently trades at a price-to-earnings (PE) ratio of 21.97 times, lower than its five- and 10-year averages of 24.4 and 24.8, respectively. In contrast, Hong Kong’s Hang…