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Income tax department wants to expedite the process of refunds for 2020-21 Taxpayers have been urged by the income tax department to “quickly” send online responses so that their refunds which are pending for assessment year 2020-21 can be expedited. According to a statement by the department, it claimed that …

Carlyle Group has emerged as preferred bidder for Hexaware Technologies Global private equity firm Carlyle Group has emerged as the preferred bidder for Baring Private Equity Asia’s (BPEA) Indian portfolio Hexaware Technologies in a $3 billion deal, two people with knowledge of the situation said. If successful, Carlyle would be …

The Indian equity benchmarks ended on a flat note for second straight session on Thursday as gains in Reliance Industries, ICICI Bank, Axis Bank, Hindustan Unilever and HCL Technologies were offset with losses in Bharti Airtel, Infosys, State Bank of India, ITC and Maruti Suzuki. The benchmarks traded in a …

  IRCTC saw net profit of Rs 82 crore for June quarter against loss of Rs 24 crore in year-ago period IRCTC, the tourism and catering arm of Indian Railways, has announced a stock-split in the ratio of 1:5 “to help enhance liquidity in the capital market, widen shareholder base and …

  Rupee Vs Dollar Today: The rupee settled at 74.25 against the dollar After extending losses in the past few sessions, the rupee strengthened by 19 paise against the US dollar on Thursday, August 12, to settle at 74.25 (provisional) as heavy buying in domestic equities and weakness in the American currency …

Chemplast Sanmar is a specialty chemicals manufacturer. Chemplast Sanmar’s three-day initial public offering (IPO) opens for subscription today, August 10, and end on August 12. Chemplast Sanmar is planning to raise Rs 3,850 crore from the IPO and has priced shares in the price band of Rs 530-541 per share. …

Rolex Rings received 74.16 crore bids for a little over 56.85 lakh shares on the offer. Rolex Rings shares made a stellar stock market debut on Monday. Rolex Rings shares opened for trading at Rs 1,250, up 39 per cent from issue price of Rs 900 per share. The stock …

In the spot market, fine gold with purity of 24 carat was priced at Rs 48,050 per 10 grams. Gold and silver prices declined marginally on Thursday amid weak trend for the precious metals in the international markets. Gold futures for delivery in October declined as much as 0.13 per …

Tata Steel Ltd. seems to have just about everything going for it ahead of next week’s quarterly earnings report. A ratings upgrade by S&P Global Ratings this week — its second in 2021 — is burnishing the appeal of the stock that’s already surged on the back of a global …

The RBI has kept the key policy rates unchanged since May 2020 The Reserve Bank of India’s rate-setting panel Monetary Policy Committee (MPC) is likely to maintain the status quo on key interest rates and continue its accommodative policy stance on account of inflationary concerns, according to a report by …