Billionaire investor Rakesh Jhunjhunwala died on Sunday morning at 62 in Mumbai. Jhunjhunwala was one of the co-founders of Akasa Air, India’s newest budget airline. The veteran investor – often called the ‘Warren Buffet of the Indian market’ – was reported to be unwell for some time. His net worth was estimated to be around Read More…
Elon Musk offloaded $6.9 billion of stock in Tesla Inc., the billionaire’s biggest sale on record, saying he wanted to avoid a last-minute selloff of the electric-car maker’s shares in the event he is forced to go ahead with his aborted deal to buy Twitter Inc. Tesla’s chief executive officer sold about 7.92 million shares Read More…
Equity benchmark Sensex dropped over 130 points in early trade on Wednesday amid a subdued trend in global markets. After opening on a positive note, the market turned choppy in early deals. The 30-share BSE index was trading 131.71 points or 0.22 per cent lower at 58,721.36 points. Similarly, the broader NSE Nifty fell 37.45 Read More…
The rupee fell early on Thursday on dollar strength as US Federal Reserve officials suggested more rate hikes were set to be delivered. PTI reported that the Indian currency fell 24 paise to 79.39 against the US dollar in early trade. Bloomberg showed the rupee was last changing hands at 79.4200 per dollar after opening Read More…
Indian equity benchmarks start Thursday on the front foot, extending their gains for the seventh straight session, taking cues from a strong rally on Wall Street after robust economic data and upbeat corporate guidance boosted investor appetite. The BSE Sensex index was 264.56 points higher at 58,615.09 early on Thursday, and the NSE Nifty was Read More…
Indian equity benchmarks gained on Wednesday in yet another volatile trading session, marking a winning streak of six consecutive days. The 30 share S&P BSE Sensex gained 214.17 points, or 0.37 per cent, to end at 58,350.53, and the broader Nifty 50 of the National Stock Exchange was up 42.70 points, or 0.25 per cent, Read More…
BSE benchmark indices Sensex, Nifty opened on a positive note on Monday tracking firm global trends and fresh foreign fund inflows. The 30-share BSE benchmark climbed 274.02 points to 57,844.27 and the broader NSE Nifty advanced 86.55 points to 17,244.80 in initial deals. Among the Sensex constituents, Mahindra & Mahindra, Maruti Suzuki India, Reliance Industries, Read More…
The due date to file Income Tax Returns (ITR) for the financial year 2021-22 is July 31. Many taxpayers faced several issues in recent weeks and demands have been made to extend the ITR due date. However, the government is unlikely to do so. Here’s what happens if you fail to file the ITR before Read More…
Prime Minister Narendra Modi on Saturday urged the judiciary to speed up the release of undertrials languishing in various jails awaiting legal aid. Addressing the first All India District Legal Services Authorities Meet here, he also said that ease of justice was as important as ease of doing business and ease of living. “There are Read More…
Elon Musk countersued Twitter on Friday, escalating his legal fight against the social media company over his bid to walk away from the $44 billion (roughly Rs. 3.5 lakh crore) purchase, although the lawsuit was filed confidentially. While the 164-page document was not publicly available, under court rules a redacted version could soon be made Read More…