The stock market performed brilliantly on Friday, the last trading day of the week. In this environment, the shares of government company Cochin Shipyard made a huge jump. Reason? A big order placed by Adani Ports and Special Economic Zone Limited (APSEZ), which caught the attention of investors. What is …
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The middle class will get good news on income tax in the budget! Know why there is speculation
Income Tax Slab: The country’s fiscal budget is presented in February with the beginning of the new year. Every year in this budget, the working class of the country demands relief in income tax. Last year also people had demanded change in the tax slab from the Finance Minister. But …
Read More »How does the government earn from PF? Money is invested in these companies
Have you ever thought about the money you save? Where did it go? What does the government do with that money? Lok Sabha member T. Sumathi alias Thamizachi Thangapandia has asked the government whether EPFO has made significant investments in debt instruments and exchange traded funds (ETFs). This information has …
Read More »Market closed in green, Sensex gained 271 points
The stock market opened with momentum in the morning. At 3.30 pm, both Sensex and Nifty closed in the green. As far as Sensex is concerned, Sensex increased by 271.74 points and closed at 78,744 points. While Nifty closed at 23,813 points with a gain of 63 points. Importantly, the …
Read More »Rupee fell against dollar, today again at record low, know who will be affected?
Rupee at all-time low against dollar: The Indian rupee is continuously falling against the dollar. Today it again reached a record low of 85.85. Currencies of other countries including the rupee have also collapsed due to strong demand for dollars in the non-deliverable forward market. Given the strength of the …
Read More »Rupee hits new low of 85.29 as dollar outflows increase
Mumbai: There was talk of a new crack in the rupee in the Mumbai currency market today as the record value of the dollar against the rupee continued. It was said that purchases by importers in dollars would increase. This morning, Dozer price opened at Rs 85.22, increased from Rs …
Read More »Weakness of rupee will impact the performance of companies in the third quarter
Mumbai: The company’s results are also expected to be weak in the third quarter of the current financial year due to the huge fall in the rupee against the dollar amid sluggish demand. Not only this, companies which have raised funds in dollar form from abroad will have to make …
Read More »Investment in EV sector will fall by 2024 from $808 million last year
Investment in the electronic vehicle (EV) sector in India is set to almost halve between 2022 and 2024. This situation has arisen due to policy changes and decline in sales growth. The PM-E Drive scheme, implemented in October, aims to gradually reduce the industry’s dependence on subsidies by replacing the …
Read More »Investors’ money doubled on the first day itself
1 hour ago Business Mamta Machinery has made a great debut in the stock market. Its shares were listed on BSE and NSE at a premium of 146.91% over the issue price. After the listing, there was a 5% upper circuit in the …
Read More »Got a big project worth Rs 897 crore from NTPC
Shares of Gensol Engineering saw a tremendous rise on BSE on Friday. Shares of the company rose by more than 8% to Rs 780. The reason for this rise is the big order of Rs 897 crore received by the company from NTPC Renewable Energy Limited (NTPC REL). This order …
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