Reliance cuts 11% workforce in its cost-efficiency drive; retail sees highest trim
Reliance Industries Ltd cut its workforce by 11% in FY24, primarily in the retail segment. Employee numbers in the retail sector fell from 245,581 in […]
Month: August 2024
LIC profit rises 10 pc to Rs 10,461 crore in Q1
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Sensex, Nifty tumble post RBI monetary policy decision
Equity benchmark indices Sensex and Nifty declined after the RBI kept the policy rate unchanged, citing persistent food inflation. The Sensex fell 570.09 points, while […]
Bangladesh border: Trucks stranded across border
The unrest in Bangladesh affected India’s trucking industry, leaving 1,300 trucks stranded at the Benapole border. The All India Motor Transport Congress sought government intervention, […]
Incentives for hybrids ‘regressive’, says Tata Motors Cars MD
Tata Motors criticized Maruti Suzuki and Toyota’s push for hybrid vehicle incentives, calling it a ‘regressive’ move that could slow EV adoption and waste government […]
Sitharaman proposes amendments to LTCG tax provision on immovable properties, offers two options to taxpayers
Finance minister Nirmala Sitharaman announced amendments to the Long-Term Capital Gains tax on real estate, offering taxpayers the option to calculate tax liability using either […]
BSE’s net profit surges to Rs 265 crore in June quarter, revenue at Rs 674 crore
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India fastest growing retail market, to cross $1.4 trillion by 2027: Reliance
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Closing bell: Sensex settles at 79,468 after surging over 800 points, Nifty above 24,315
Equity benchmarks broke a three-day losing streak with Sensex rising 874 points to 79,468, and Nifty surging 304 points to 24,297, driven by favorable global […]
FPIs invest $1.40 billion in Indian IT stocks in July, highest since 2022
In July, foreign portfolio investors invested a net worth of 117.63 billion rupees in Indian IT stocks, the highest since 2022’s sectoral reclassification. Analysts attributed […]