Amid the online gaming industry raising concerns over the levy of 28 per cent GST, Union minister Rajeev Chandrasekhar on Monday said the government may request the GST Council to consider the facts of new regulatory framework for the industry. The minister also mentioned that it took three years for the Council to reach a...
Benchmark stock indices hit their record high levels in intra-day trade on Thursday, with Sensex breaching the historic 66,000-mark for the first time following a rally in global markets amid moderating US inflation data. Buying in market heavyweight stocks Infosys, ICICI Bank and Tata Consultancy Services also helped markets settle in the positive territory. The...
SpiceJet on Wednesday said its promoter and Chairman Ajay Singh will infuse Rs 500 crore into the airline, which will help boost its financial position as well as tap additional funds from a government scheme. The budget carrier, which is facing multiple headwinds, including disputes with aircraft lessors, has been looking to raise funds. In...
Mumbai-based used cars platform CarTrade Tech Ltd on Monday said it will acquire online marketplace OLX India’s auto sales business for Rs 537 crore. In a stock exchange filing on Monday, CarTrade said that it will acquire 100% stake in Sobek Auto India Pvt Ltd, the entity that houses OLX India’s automotive business, in an all-cash deal, and...
Tata Motors reported a 5 per cent increase in its group global wholesales, including Jaguar Land Rover, at 3,22,159 units in the first quarter ended June 30, 2023, as compared to the year-ago period. Global wholesales of Tata Motors passenger vehicles in the April-June quarter of FY2023-24 were at 1,40,450 units, up 8 per cent as...
Shares of Reliance Industries Ltd (RIL) are trading at a seven-month high, boosted by a recovery rally in the last three months. RIL stock closed at Rs 2,649 on December 8 compared to the current level of Rs 2638.35 on BSE. The stock of Mukesh Ambani-led conglomerate has zoomed 12.70% in three months, taking it close to...
The much-awaited Harley-Davidson X440 has been officially launched in India, priced at rs 2.29 lakh onwards, ex-showroom. The Harley-Davidson X440 is available in three variants, Denim, Vivid, and S, the latter two priced at Rs 2.49 lakh and Rs 2.69 lakh, ex-showroom. The Harley X440 is the first product to roll out from the Hero-Harley...
India’s imports of Russian oil hit another record last month as the South Asian nation potentially nears the limit of its buying splurge from the major OPEC+ producer. Daily volumes climbed to 2.2 million barrels a day in June, rising for a 10th month, according to Viktor Katona, the head of crude analysis at Kpler....
Apple Inc’s market capitalization on Friday breached the $3 trillion mark for the first time since January last year, as investors bet on the iPhone maker’s ability to grow revenue even as it explores new markets such as virtual reality. Shares of Apple, which is also the world’s most valuable- listed company, were up 1.3%...
Geneva: Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse — more than half its workforce — as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday. Credit Suisse had a staff of around 45,000 before it nearly collapsed on investor fears...