Business

Gold prices, on Thursday, soared to a new lifetime high of Rs 69,908 per 10 gm on India’s Multi Commodity Exchange (MCX) after the price of the precious metal scaled a new all-time high in the international market for the seventh consecutive trading day. Gold futures contract on the MCX for June 2024 expiry opened at Rs 69,868 per 10...

A day after cancelling up to 50 flights, Vistara on Tuesday morning called off at least 38 flights scheduled to take off from key cities due to shortage of pilots. The Civil Aviation Ministry has taken due note of the situation and is monitoring the operations of the airline. It has also sought a detailed report over the frequent delays...

Approximately 50 flights of Vistara were cancelled and several others were delayed on Monday after a section of pilots went on leave, forcing the airline to curtail its schedule, sources privy to the development said.  In early March, several pilots reportedly took sick leave in protest of the revised salary framework proposed to them following Vistara’s integration with Air India....

The Union Budget’s income tax proposals come into effect from today. The finance ministry on Monday in a post in X cleared the confusion over the new tax regime, which has low rates but fewer exemptions and deductions.  It has come to notice that misleading information related to new tax regime is being spread on some social media platforms. It...

Indian stock markets witnessed a strong rally in Thursday’s trading session, which happens to be also the last trading session for the week, month and the financial year. The Sensex surged 900 points higher while Nifty50 topped the 22,400 mark. The combined market capitalisation of all listed stocks on BSE jumped by Rs 2.74 lakh crore to Rs 386.38 lakh...

Sharing an update on microblogging platform X (formerly known as Twitter) ‘Everything App’, Elon Musk—owner and chairman of X Corp—Monday said ‘The circle will be complete.’ It is important to note that a few months back, the microblogging platform introduced a new feature of job search to take on platforms like LinkedIn, Naukri etc. The feature comes in line with...

Holi, the festival of colours, is just around the corner and we can’t wait to celebrate this vibrant festival with family and friends. One of the biggest festivals in India after Diwali, it is celebrated with great fanfare by Hindus around the world. Two days are devoted to the festivities, with Dhulandi or Rangwali Holi coming after Choti Holi or Holika Dahan....

Conglomerate JSW Group and SAIC-owned MG Motor formed a joint venture to manufacture new electric vehicles (NEVs) in India, with plans to launch a new pro duct, including NEVs, every three to six months beginning September with two new products to be launched this calendar year. The JV, called JSW MG Motor India Pvt Ltd, aims to become a market...

Benchmark equity indices Sensex and Nifty rebounded on Wednesday, propelled by bargain hunting in index majors Reliance Industries, ITC and SBI amid a largely firm trend in global equities. However, a depreciating rupee and selling pressure in small-cap stocks restricted the gains, traders said. In a highly volatile trade, the 30-share BSE Sensex rose 89.64 points or 0.12 per cent...

Adani Group plans to invest more than Rs 1.2 lakh crore across its portfolio companies in the Financial Year 2024-25, news agency PTI reported, citing sources. The investment will be made in ports, energy, airports, commodities, cement, and the media business.  In December last year, Adani Group Chairman Gautam Adani said his group would invest $100 billion in 7-10 years...

Indian digital payments firm Paytm, formally known as One 97 Communications, was on Thursday granted a third-party application provider license by the country’s payments authority, which will enable it to facilitate payments after its banking unit ceases operations. The license will allow customers to continue using the Paytm app for payments through India’s popular unified payment interface (UPI), after Paytm...

Adani Group stocks fell up to 13 per cent today (March 13). All 10 Adani counters traded in the red which resulted in erasing around ₹90,000 crore off their combined market capitalisation by 12pm.  Adani Group’s worst performer on March 13: Of these, Adani Green Energy was the top loser, as it tanked 13 percent to ₹1,650 a share on the NSE. This...