Sensex, Nifty hit new record highs

Mumbai (IANS) The key Indian equity indices touched fresh all-time high levels on Tuesday morning.

The Sensex hit a record level of 53,292.82 and the Nifty50 touched a new high of 15,970.65 points.

Around 10.20 a.m., Sensex was trading…

India's July exports rise by over 47% YoY

New Delhi (IANS) India's merchandise exports in July 2021 rose to $35.17 billion, higher by 47.91 per cent on a year-on-year basis, preliminary official data showed on Monday.

Exports during July 2020 stood at $23.78 billion.

The…

After Zomato, SoftBank backed Policybazaar to keep market pulse racing with its IPO

Mumbai (IANS) Online insurance marketplace Policybazaar has filed a draft red herring prospectus with the Securities Exchange Board of India for an initial public offering to raise Rs 6,017.50 crore from the market.

With this, Policybazaar…

Growth Rebound: India's July manufacturing output zooms, says PMI

New Delhi (IANS) India's manufacturing sector output accelerated to the strongest growth rate in three months during July.

Accordingly, the headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI)…

GST revenue collection for July at over Rs 1.16 lakh cr

New Delhi (IANS) The gross GST revenue collected in the month of July 2021 was Rs 1,16,393 crore.

Out of the total revenue collected CGST was Rs 22,197 crore, SGST was Rs 28,541 crore, IGST was Rs 57,864 crore -- including Rs 27,900 crore collected…

American investors rethink China after crackdown led to losses of $400 bn

New Delhi (IANS) American investors are asking whether China Inc is still worth the risk following a widening series of regulatory crackdowns that have wiped some $400 billion off the value of US-listed Chinese companies, Wall Street Journal reported.

Halt in fuel price revision continues, global oil rates above $75/bbl

New Delhi (IANS) Oil marketing companies (OMC) kept petrol and diesel prices unchanged for the 15th straight day.

In the national capital, petrol continued to be sold for Rs 101.84 per litre, while diesel was being sold at the unchanged rate…

NTPC Q1 net profit rises 27.35% to over Rs 3,000 cr

New Delhi (IANS) The country's largest power generator NTPC Ltd. has reported 27.35 per cent increase in its net profit during the first quarter of current fiscal on the back of higher generation and improved demand for power.

The company…

Rates, results to dictate rupee's direction; strengthening expected

New Delhi (IANS) Expected status-quo in monetary policy as well as robust equity markets are expected to strengthen the rupee during the upcoming week.

Last week, the Indian rupee declined marginally after three consecutive weekly gains following…

Profit bookings, global cues subdue equity indices

Mumbai (IANS) Profit bookings as well as global concerns over the fast-paced spread of the Delta+ variant of Covid-19 subdued India's key equity indices on Friday.

Besides, regulatory actions in China offset the optimism around the quarterly…