ICICI Bank best performer in banking with 42 percent returns in FY22

New Delhi (IANS) ICICI Bank has been the best performer in the banking sector as it delivered 80 per cent/42 per cent returns over FY21/FY22 Year to date, Motilal Oswal Institutional Equities said in a report.

Its market capitalization ranking…

Cryptocurrencies could attract tax rates similar to lottery, TDS provisions

New Delhi (IANS) If the government does not prohibit Indians from dealing in cryptocurrencies, it could introduce a regressive tax regime for cryptocurrencies, according to Taxmann.

Taxmann said in a note that a Bill was expected to be presented…

Rationalise tariffs on mobile phone parts in Union Budget: ICEA

New Delhi (IANS) Ahead of the Union Budget 2022-23, the India Cellular and Electronics Association (ICEA) on Monday urged the government to rationalise tariffs on inputs for parts and components of mobile phones and revisit basic customs duty on high-end…

Equities rise for six straight sessions

New Delhi (IANS) The 30-scrip Sensitive Index (Sensex) and broader 50-scrip Nifty on the National Stock Exchange extended its gains from the past week and traded in the green in early trade on Monday.

Notably, indices had been gaining for the…

Impex Impact: Wider trade deficit to weaken rupee

Mumbai (IANS) Rising trade deficit along with prospects of a rate hike by the US Fed is expected to subdue the Indian rupee during the upcoming week.

Accordingly, the rupee is expected to range from 73.80-74.70 to a USD.

Last week, rupee…

Lenders expected to exhibit strong Q3FY22 results

New Delhi (IANS) Listed lenders in India's equity markets are expected to report 'optically' strong earnings growth for Q3FY22, said HDFC Securities in a report.

Accordingly, the brokerage house expects its coverage universe of…

India's Dec merchandise exports up over 38% YoY

New Delhi (IANS) India's December merchandise exports rose to $37.81 billion, higher by 38.91 per cent on a year-on-year basis, official data showed on Friday.

Exports during December 2020 stood at $27.22 billion.

The data by the…

Paytm stock hits new low

New Delhi (IANS) The Paytm stock has made a new low on Thursday as it fell further to Rs 1,054 on the BSE.

The stock was down 2.58 per cent in trade and has continued its losing spree after a recent downgrade by Macquarie.

Foreign brokerage…

High food prices lift India's Dec retail inflation rate

New Delhi (IANS) High food prices accelerated India's December 2021 retail inflation rate on a sequential and year-on-year basis.

Data furnished by the National Statistical Office showed that the Consumer Price Index rose by 5.59 per cent…

Crypto prices moving in sync with stocks, posing systemic risks

New Delhi (IANS) Crypto assets such as Bitcoin have matured from an obscure asset class with few users to an integral part of the digital asset revolution, raising financial stability concerns.

Given their relatively high volatility and valuations,…