Business News Updates

air india
Centre Looks To Announce Winning Bid For Air India Next Month

Centre on September 15 received multiple financial bids for divestment of Air India.

Oil Prices
Global Oil Prices Rise To Multi-Month High Levels Over Falling US Inventories, Rising Demand

Disruptions in the US Gulf Coast production following Hurricane Ida and other storms have led to sharp draws in the American and global inventories.

FM Sitharaman
India Needs 4-5 More SBI Sized Banks: FM Sitharaman

"We need to scale up banking. The need is for at least four-five more SBI sized banks," Sitharaman said.

Sensex@60K:  In or OUT
NIFTY, SENSEX Record Rally: What Are Biggest Risks

The BSE Sensex has boomed 135 per cent from the lows of 2020 lockdown and has scaled the 60,000 mark. This could be enough for some investors to cash-out by booking profits and tempting for others to jump into the bandwagon.

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CBIC Makes Aadhaar Authentication Of Taxpayers Mandatory For Claiming GST Refund
CBIC Makes Aadhaar Authentication Of Taxpayers Mandatory For Claiming GST Refund

While businesses file GSTR-1 of a particular month by the 11th day of the subsequent month, GSTR-3B, through which businesses pay taxes, is filed in a staggered manner between 20th-24th day of the succeeding month.

Seaweed Farming Will Help Boost Economy, Reduce Climate Impact
Seaweed Farming Will Help Boost Economy, Reduce Climate Impact

The Pradhan Mantri Matsya Sampada Yojana (PMMSY) has a special thrust for promotion of the seaweed farming.

Fuel Price
Diesel Price Increased, Petrol Rate Remains Steady

In Mumbai, the petrol price was stable at Rs 107.26 per litre while the diesel rate increased to about Rs 96.40 a litre.

Sensex
Record High: Sensex Breaches 60K, Nifty Just Short Of 18K-Mark

The broader NSE Nifty50 traded above the 17,900-mark. It opened at 17,897.45 points from its previous close of 17,822.95 points.

Market At Fresh Peak
Market At Fresh Peak: Sensex Skyrockets 958 Pts; Nifty Tops 17,800

Bajaj Finserv was the top gainer in the Sensex pack, rising over 4 per cent, followed by L&T, HDFC, Axis Bank, SBI, Reliance Industries and IndusInd Bank.

Govt May Offer Pre-Pack Insolvency Resolution Plan Even For Large Corporates
Govt May Offer Pre-Pack Insolvency Resolution Plan Even For Large Corporates

PIRP could work for large corporates as well and can quicken the pace of resolution of large stressed assets as well.

Sensex Tanks 525 Pts; Gold Gains Marginally
Sensex Tanks 525 Pts; Gold Gains Marginally

The Indian stock market is witnessing a high level of volatility affected by global cues as markets all across showing weak trends.

Rupee
Rupee Falls 34 Paise To 73.82 Against US Dollar In Early Trade

On the domestic equity market front, the 30-share index was trading 49.39 points or 0.08 per cent lower at 58,966.50. Similarly, the broader NSE Nifty was trading 27.35 points or 0.16 per cent down at 17,557.80.

fuel price rise
Fuel Prices Stable For Fortnight Amidst Volatility In Global Oil Market

The daily review and revision of prices are based on the average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates.

Cryptocurrency
Cryptocurrency Hyper Fund Under Govt Scanner

Hyper Fund, a DEFI by Hyper Tech Group has come under the radar recently. The Group claims to have launched the Hyper Fund to provide a decentralized financial infrastructure

PAN-Aadhaar Linking Deadline Extended; Check Latest Timelines For Income Tax Compliances
PAN-Aadhaar Linking Deadline Extended; Check Latest Timelines For Income Tax Compliances

As per the latest notification issued by the Department of Finance, the deadline has been extended till March 2022. Earlier, the cutoff timeline for PAN-Aadhaar linking had been fixed to September 30, 2021.

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