So far this year, IndiGo shares have advanced 3 per cent Shares of airline operators – InterGlobe Aviation and SpiceJet rose over 3 per cent to hit intraday highs of Rs 1,810 and Rs 81 respectively after the government increased the capacity to 65 per cent from 50 per cent …
Read More »GST June 2021 Collections Fall Below Rs 1 Lakh Crore For First Time In Eight Months
GST collections for June 2021 have fallen below Rs 1 lakh crore mark for first time in eight months Gross Good and Services Tax (GST) collections for June 2021 were Rs 92,849 crore, the Finance Ministry said in a statement. GST collections after regularly crossing the Rs 1 lakh crore mark …
Read More »Sensex, Nifty End Lower As Losses In Reliance, Infosys Outpace Gains In Banks
The Indian equity benchmarks edged lower on Tuesday as strong gains in banking shares were outpaced by losses in index heavyweights Reliance Industries, Infosys, Tata Consultancy Services, Hindustan Unilever and Tech Mahindra. The benchmarks moved closer to record highs on the back of strong buying interest in banking and financial …
Read More »IDFC First Bank Sheds 1% After Consumer Deposits Rise 35% In June Quarter
Shares of IDFC First Bank were last trading 1.56 per cent lower at Rs 53.60 on the BSE. Share price of IDFC First Bank declined over one per cent on Tuesday, July 6, a day after the bank reported that its consumer deposits had increased in the April-June quarter of …
Read More »Now, stock exchanges, clearing corporations and depositories Will Have To Pay For Technical Glitches
Failure to address glitches will attract a penalty of Rs 200,000 per day for first 15 working days The Securities and Exchange Board of India (Sebi) has made it mandatory for institutions and their officials to pay for failure to provide services. Market infrastructure institutions (MIIs), including stock exchanges, clearing …
Read More »Tata Motors Drops 10% After Company Warns Of Negative EBIT Margin Amid Chip Shortage
Tata Motors shares fell as much as 10% to hit an intraday low of Rs 311.45. Shares of the parent of luxury car maker Jaguar Land Rover – Tata Motors – fell as much as 10 per cent to hit an intraday low of Rs 311.45 after the company warned …
Read More »Sensex, Nifty Maintain Gains, Led By Financial Stocks
HDFC Bank, Kotak Mahindra Bank, IndusInd Bank, Bajaj Finance and ICICI Bank have gained 1-2 per cent each The benchmark indices have maintained their gains in noon trading on the back of buying interest in financial shares. At 12:50 pm, the BSE Sensex was trading at 53,021.33, higher by 143.98 …
Read More »Force Motors Rallies 18% After Sales More Than Double In June
Shares of commercial and utility vehicle maker – Force Motors – rose as much as 18 per cent to hit an intraday high of Rs 1,433 after its sales more than doubled in the month of June. Force Motors’ total domestic sales more than doubled to 1,501 units compared with …
Read More »Rural India Sinks Deeper Into Debt As COVID-19 Wipes Out Work
Rural India has fell into a debt trap as Covid pandemic has affected employment Asha Devi doesn’t remember how many meals she has skipped as she struggles to feed her family of seven in a remote corner of northern India where the novel coronavirus is compounding old problems of rural …
Read More »How To Invest In Government Securities; Read All About It
Government securities or G-Sec are debt instruments issued by the central and state governments Government securities or G-Sec are also referred to as government bonds. These bonds are debt instruments that are issued by the central and state governments. The aim is to raise funds through investors to be able …
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