Driving the Information:Indian inventory markets continued their upward trajectory for the fifth consecutive session, pushing the Nifty and Sensex to file highs. The rally was buoyed by strong investor sentiment, with the market capitalisation of BSE-listed firms hitting an unprecedented Rs 3.91 lakh crore.Why the rise: The BSE Sensex surged…
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Over 97% of Rs 2000 Notes Returned – What Does This Mean for the Economy?
“Shocking Revelation: Over 97% of Rs 2000 Notes Returned – What Does This Mean for the Economy?” The Reserve Bank of India (RBI) has announced that an overwhelming 97% of Rs 2000 Notes Returned to the banking system as of Monday. This leaves only about Rs 9,330 crore worth of…
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Zomato Shares Witness 5% Decline Following Rs 402-Crore GST Notice
Zomato Shares Witness 5% Decline Zomato Shares Witness 5% Decline – Zomato, the renowned food delivery platform, faced a setback as its shares recorded a 5% decline, settling at Rs 120.7 on the Bombay Stock Exchange (BSE). This decline can be attributed to the recent issuance of a show-cause notice…
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Adani Family Pours Big Bucks into Green Energy for India’s Future
Adani Family Pours Big Bucks into Green Energy for India’s Future Green Energy -Gautam Adani, the big boss of the Adani Group, and his family are tossing a massive Rs 9,350 crore into Adani Green Energy Limited (AGEL). Why? They’re on a mission to help AGEL hit a whopping 45…
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BSE’s m-cap crosses Rs 400 lakh crore
MUMBAI: India’s market capitalisation crossed the Rs 400-lakh-crore milestone on Monday – including a little bit over Rs 100 lakh crore within the final 9 months – driving on the again of a resilient home financial system regardless of international jitters, good company outcomes and powerful shopping for by institutional…
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Document Rs 100 lakh crore achieve in 9 months! BSE market cap hits Rs 400 lakh crore for first time
BSE m-cap hits document excessive! On Monday, the mixed market capitalisation of all listed shares on BSE crossed the Rs 400 lakh crore milestone for the primary time as each the Sensex and Nifty reached new all-time highs. This surge, pushed by retail buyers diverting funds from conventional avenues, marks…
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Here is Why Monetary Influencer Ravindra Balu Bharti Ordered By Sebi To Pay Rs 12 Crore
Ravindra Balu Bharti, a distinguished monetary influencer, boasting practically 2 million followers and previously overseeing a inventory market coaching institute, has been ordered to give up “illicit income” exceeding Rs 12 crore.The Securities and Exchange Board of India (SEBI) issued an interim directive against an unregistered investment advisory entity called…
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Adani to take a position Rs 2.3 lakh crore in renewable vitality, manufacturing capability
AHMEDABAD: Adani Group will make investments about Rs 2.3 lakh crore via 2030 in India’s most bold renewable vitality growth and photo voltaic and wind manufacturing capability addition ever because it shrugs off a short-seller assault to pursue its trademark fast development plans. Adani Inexperienced Power Ltd, India’s largest renewable…
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Jumboking valuation at Rs 400 crore plus! ‘Multi bagger investor’ picks up stake in India’s third-largest burger chain
Ace investor Ashish Kacholia has acquired a 17.2% stake in homegrown burger chain Jumboking, making him the second-largest shareholder. The funding, of an undisclosed quantity, was made by a secondary market transaction following Triton Fund’s exit from the agency.Consultants estimate the transaction to be valued between Rs 70 crore and…
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Infosys will get demand discover of ₹341 crore from revenue tax division
IT large Infosys stated on Monday that it had been issued a tax demand of ₹341 crore by the Earnings Tax division for the evaluation 12 months 2020-21. “Infosys Ltd on March 31, 2024, obtained order underneath Part 201 & 201(A) of the Earnings Tax Act, 1961 from the Earnings…
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Inventory market rally: BSE Sensex jumps over 2% in 3 days; leaves traders richer by Rs 10.58 lakh crore
Inventory market rally at this time: The three day successful streak of BSE Sensex has left traders richer by Rs 10.58 lakh crore. Traders have witnessed a major enhance in wealth by Rs 10.58 lakh crore throughout three days of the market rally, with the BSE benchmark surging over 2…
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GST collections for March 2024 hit second-highest report degree of Rs 1.78 lakh crore; FY24 mop up crosses Rs 20 lakh crore
GST Collections March 2024: In a lift for the financial system, the gross Items and Providers Tax (GST) collections for the month of March got here in on the second highest ever degree of Rs 1.78 lakh crore. That is an 11.5% year-on-year progress, in accordance with the Ministry of…
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Financial institution of India receives Rs 1,128 crore tax demand order
Story continues under Commercial Financial institution of India introduced on March 31 that it has acquired a requirement discover amounting to Rs 1,128 crore from the Evaluation Unit of the Revenue Tax Division, referring to the evaluation yr 2016-17. “…. this is to inform that, on 30.03.2024 at 5.51 PM,…
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GRSE posts annual turnover of Rs 3400 crore for FY24, up 33% YoY – Trade Information
Backyard Attain Shipbuilders & Engineers Restricted (GRSE), a warship builder in India, on Sunday introduced that it has recorded an annual turnover to the tune of Rs 3400 crore (provisional & unaudited) for FY 2023-24, up 33 per cent on-year. This, it added, has been pushed by an efficient administration…
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Market valuation of seven most valued companies climbs Rs 67,259.99 crore; Reliance high gainer
Story continues beneath Commercial The mixed market valuation of seven of the ten most valued companies climbed Rs 67,259.99 crore in a holiday-shortened final week, with Reliance Industries rising as the largest gainer, amid an total optimistic development in equities. Final week, the BSE benchmark climbed 819.41 factors or 1.12…
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Infosys to get windfall tax refund of Rs 6,329 crore
Story continues under Commercial Infosys Ltd, India’s second-largest software program providers supplier, is ready to obtain a tax refund of Rs 6,329 crore from the revenue tax division. Nonetheless, the corporate additionally faces a major tax legal responsibility of Rs 2,763 crore, in accordance with evaluation orders. “The Company is…
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Revenue Tax Advantageous: Massive Information for Financial institution Prospects! Revenue Tax imposed a tremendous of Rs 564 crore on this authorities financial institution, know the explanation
Financial institution of India: After the tremendous was imposed by the Revenue Tax Division on behalf of the federal government financial institution, it was mentioned that it’s within the means of submitting an enchantment in opposition to this order earlier than the Revenue Tax Commissioner, Nationwide Faceless Enchantment Heart (NFAC).Revenue…
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Adani household pours Rs 6.7k crore into Ambuja
MUMBAI: Billionaire Gautam Adani-controlled Adani Group has infused Rs 6,661 crore in Ambuja Cements and raised its stake by 3.6% to 66.7%, an organization launch mentioned. Harmonia Commerce & Funding, an arm of the group, transformed 21.2 crore warrants into shares on the price of Rs 314 per share. In…
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First Ambani-Adani pact: RIL picks 26% stake in Adani Energy’s MP undertaking; deal pegged at ₹50 crore between rival companies
Within the first collaboration between rival billionaires, Mukesh Ambani’s Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh energy undertaking of Gautam Adani, and signed a pact to make use of the vegetation’ 500 MW of electrical energy for captive use. Reliance will choose up…
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AI startup Daakia Non-public restricted raises Rs 4 crore in seed funding for rural growth
NEW DELHI: Daakia Non-public Restricted, an AI-powered deep tech startup working within the Enterprise SaaS and Digital Communications sector has secured Rs 4 crore in seed funding from a gaggle of strategic buyers to boost its operations in rural and inaccessible areas and develop its person base in metro and…
