Sensex down more than 500 points

New Delhi (IANS) Equity benchmarks sank on Tuesday with selling emerging at higher levels.

BSE Sensex was down 559 points at 71,712 as heavyweight stocks came under selling pressure.

Ultratech Cement was down more than 3 per cent, M&M,…

Passenger vehicles remain flat in Dec as entry-level segment remains a drag

New Delhi (IANS) In passenger vehicles, despite a strong growth of 15 per cent YoY for UVs, overall PVs remained flat in December YoY due to sluggishness in the entry level segment, says a report by Motilal Oswal Financial Services.

Commercial…

Hindustan Unilever shares down after Rs 447.5 cr GST demand

New Delhi (IANS) Hindustan Unilever has made a disclosure regarding the Orders passed by Deputy Commissioner of Commercial Tax Officer, Bengaluru, Additional Commissioner, Central Tax and Central Excise, Kochi Commissionerate, Joint Commissioner,…

GST collections rise 12% to touch Rs 14.97 lakh crore in April-Dec

New Delhi (IANS) The government's Goods and Services Tax (GST) collections increased 10 per cent year-on-year in December, 2023 to Rs 1.65 lakh crore, the Ministry of Finance said on Monday.

The gross GST collection for April-December 2023…

Mobile phone exports at Rs 75,000 cr till Nov, on way to cross Rs 1,24,000 cr in FY24

New Delhi (IANS) Riding on the local manufacturing growth, mobile phone exports from the country have surpassed $9 billion (more than Rs 75,000 crore) from April to November in the current fiscal year, industry data showed on Sunday.

This stupendous…

Electronic goods production in India to hit $115 bn in FY24, mobile phones at $50 bn

New Delh (IANS) The total production of electronic goods in India in FY23-24 is likely to reach $115 billion, buoyed by mobile phones’ local production which is estimated to exceed $50 billion in the current fiscal year, said the India Cellular and…

Snapdeal logs Rs 388 cr revenue in FY23, reduces losses by 45%

New Delhi (IANS) E-commerce platform Snapdeal has registered Rs 388 crore in revenue in FY23, as it significantly reduced losses by 45 per cent to Rs 282 crore in the last financial year, as compared to Rs 510 crore in FY22.

The company has…

Huge investments by FPIs in 2023 at Rs 1.71 lakh crore

New Delhi (IANS) The year 2023 has witnessed huge investment by FPIs thanks to the sharp uptick in flows in December, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

FPI inflows which were negative in the previous…

Nifty ends 2023 higher by 20%

Mumbai (IANS) Nifty corrected after rising for five sessions on Friday, but closed the week higher by 1.79 per cent.

It closed the month higher by 7.9 per cent and the year higher by 20 per cent, said Deepak Jasani, Head of Retail Research…

Core sector industries post 7.8% growth in Nov

New Delhi (IANS) The eight core sector industries, which include coal, steel and electricity, posted a growth of 7.8 per cent in November compared to the same month last year, official data released on Friday showed.

Coal production increased…