Business News

Business

FPIs Turn Sellers: Rs 977 Crore Equity Offloaded Amid Global Market Volatility

Foreign portfolio investors offloaded equities worth Rs 977 crore this week, shifting from buyers to sellers amid global market volatility. Despite the week's selling, overall Dece...

Business

GST Council Revises Tax Rates: Popcorn and Used Cars Impacted

The GST Council meeting in Jaisalmer has revised tax rates, increasing the GST on used cars to 18% and adjusting rates for popcorn and fortified rice kernels.

Business

IOB's Q3 Profit Surges 30% to Rs 723 Crore: A Closer Look

Indian Overseas Bank reports a 30% rise in net profit for Q3 2023-24, reaching Rs 723 crore, driven by improved core income and reduced bad loans.

Business

New RBI Leadership Crucial for February Rate Cut Decision, MPC Minutes Reveal

The RBI's Monetary Policy Committee showed divided opinions on policy easing, with four members expressing hawkish views, making a February rate cut dependent on new leadership. Th...

Business

Sebi Exposes Massive Front-Running Scandal Involving PNB Metlife Dealer

Sebi uncovers front-running scheme by PNB Metlife equity dealer, Sachin Dagli, and associates, amassing Rs 21.2 crore in illegal gains over three years. Sebi bars nine entities fro...

Business

Swan Energy and Nebula's AG&P Join Forces for Major Indian Gas Ventures

Swan Energy, owned by billionaire Nikhil Merchant, partners with AG&P Terminals & Logistics, a unit of US-based Nebula Energy, to form LNG and gas logistics ventures in India. The ...

Business

Supreme Court Ruling Deals a Blow to IL&FS Shareholders

The Supreme Court's DND Flyway order significantly impacts IL&FS shareholders and lenders, affecting projected revenues and project risks in infrastructure developments.

Business

States Hesitate on Insurance Rate Cuts: Middle Class Impact Uncertain

The GST Council's proposal to lower insurance rates faces resistance from several states, fearing revenue loss. The potential impact on the middle class remains uncertain.