Business News | Share Market News | BSE/NSE News | Finance and Economy News

Adani Energy Solutions Acquires Essar's Mahan-Sipat Transmission Project

NDTV Newsdesk | Thursday May 16, 2024

Adani Energy Solutions Ltd (AESL) has acquired 100 per cent stake in Essar Transco Limited for an Enterprise Value of INR 1,900 crore after obtaining necessary clearances. This share acquisition follows agreements signed in June 2022.

Rupee Rises 5 Paise To Rs 83.46 Against US Dollar

Press Trust of India | Thursday May 16, 2024, Mumbai

The rupee appreciated 5 paise to settle at 83.46 against the US dollar on Wednesday as weakness in the greenback against major crosses overseas supported the local unit.

Centre Cuts Windfall Tax On Petroleum Crude, New Rates Effective From Today

Reuters | Thursday May 16, 2024, New Delhi

India has cut the windfall tax on petroleum crude to 5,700 rupees ($68.34) per metric ton from 8,400 rupees with effect from May 16, according to a notification issued on Wednesday.

Power, Aviation: Union Minister Highlights BJP's Work In 10 Years, Slams Congress

Asian News International | Wednesday May 15, 2024, New Delhi

Finance Minister Nirmala Sitharaman on Wednesday attacked the Congress for neglecting India's growth for the 10 years in the UPA era and stated that Congress wasted India's economic growth potential and left it among the 'Fragile Five' economies with

India Surpasses Australia, Hong Kong, Japan In Data Center Capacity: Report

Asian News International | Wednesday May 15, 2024, New Delhi

India has topped major APAC countries with the highest data centre capacity of 950MW in the Asia-Pacific region (excluding China), overtaking major countries like Australia, Hong Kong SAR, Japan, Singapore, and Korea, a report said.

Telecom Tariffs In India At "Absurdly Low Level": Airtel Top Boss

Press Trust of India | Wednesday May 15, 2024, New Delhi

Tariffs in the Indian telecom industry are at an "absurdly low level" compared to other parts of the world, Bharti Airtel Managing Director Gopal Vittal said on Wednesday as he strongly advocated "tariff repair" to lift return ratios.

Canada Imposes Rs 82 Lakh Penalty On Infosys For Alleged Underpayment Of Tax

Press Trust of India | Monday May 13, 2024, New Delhi

The Canadian government has imposed a penalty of over 1.34 lakh Canadian dollars (about Rs 82 lakh), on IT company Infosys for alleged underpayment of employee health tax.

Retail Inflation Eases To 4.83% In April

Press Trust of India | Monday May 13, 2024, New Delhi

Retail inflation eased to 4.83 per cent in April as prices of some kitchen items declined, according to government data released on Monday.

"Will Bully Us Into Agreeing With Them": Ola CEO As LinkedIn Removed His Posts

Indo-Asian News Service | Saturday May 11, 2024, New Delhi

In a hard-hitting post, Ola Founder and CEO Bhavish Aggarwal on Saturday said that Big Tech platforms like LinkedIn will bully Indians into agreeing with them or cancel them out and if they can do this to him, "I'm sure the average user stands no

RBI Likely To Transfer Rs 1 Lakh Crores To Government In FY25: Report

Asian News International | Friday May 10, 2024, New Delhi

The Reserve Bank of India (RBI) is likely to transfer approximately Rs 1000 billion to the government IN FY25 according to a report by Union Bank of India.

Sri Lanka Signs 20-Year Power Purchase Deal With Adani Green: Report

Tuesday May 07, 2024, Colombo

Sri Lanka has entered into a 20-year power purchase agreement with Adani Green Energy Ltd for two wind power stations developed by the company, a cabinet statement said on Tuesday.

Rakesh Jhunjhunwala's Wife Loses Rs 800 Crore As Her Biggest Stock Bet Tanks

NDTV News Desk | Tuesday May 07, 2024, New Delhi

Rekha Jhunjhunwala, the wife of late investor Rakesh Jhunjhunwala, lost over Rs 800 crore on Monday as the shares of the Titan Company posted a big decline.

Finance Minister Explains How GST Benefitted People Through Pro-Poor Approach

Press Trust of India | Monday May 06, 2024, New Delhi

Finance Minister Nirmala Sitharaman on Monday said the government has adopted "a pro-poor approach" while implementing Goods and Services Tax, and despite lower taxes rates the revenues as a percentage of GDP have reached the pre-GST level.

Sanjaya Kumar Mishra Takes Oath as 1st President Of GST Appellate Tribunal

Press Trust of India | Monday May 06, 2024, New Delhi

Finance Minister Nirmala Sitharaman on Monday administered the oath of office to Justice (Retd) Sanjaya Kumar Mishra as the first President of the GST appellate tribunal (GSTAT).

Participatory-Note Investments Surge To Near 6-Year High At Rs 1.5 Lakh Crore

Press Trust of India | Monday May 06, 2024, New Delhi

Investments through participatory notes in the Indian capital markets reached Rs 1.5 lakh crore at the end of February, making it the highest level in nearly six years, driven by a strong performance of the domestic economy.