Fake GST fraud: 357 arrested so far, including 12 CAs

New Delhi (IANS) The Directorate General of GST Intelligence (DGGI) and the CGST Commissionerates have so far arrested 357 persons, including 12 chartered accountants, one company secretary and an advocate, in the ongoing nationwide drive against…

Sensex surges over 500 points; banking, metal stocks rise

Mumbai (IANS) The key Indian equity indices opened on a positive note on Tuesday.

The BSE Sensex surged 553 points to touch an intra-day high of 50,994.60 points.

Healthy buying was witnessed in banking, finance and metal stocks.

Shares of oil marketing cos plunge, BPCL down 5%

Mumbai (IANS) Share prices of the oil marketing companies (OMC) dropped on Tuesday with the scrip of privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) falling over 5 per cent.

At 2.16 p.m., BPCL shares on the BSE were trading at Rs…

Small, mid-cap stocks outperform amid current market weakness

Mumbai (IANS) As the markets have largely taken to a downward trend amid high bond yields in the US, small and mid-cap stocks continue to buck the bearish trend.

An ICICI Securities report said that although the Nifty50 is down around 2 per…

Centre proposes to raise LIC's authorised capital to Rs 25K cr

New Delhi (IANS) With a view of listing the state-run insurance major Life Insurance Corporation of India (LIC), the government has proposed to raise the authorised capital of LIC to Rs 25,000 crore.

As per the amendments proposed under the…

Julius Baer upgrades India, fastest growing major economy

New Delhi (IANS) Singapore-based fund house, Bank Julius Baer, has upgraded India to overweight as it will be the fastest growing major economy in 2021.

"We change our stance on India from market-weight to overweight and see 15% upside from…

PNB Housing Finance tie up with Yes Bank for co-lending

Mumbai (IANS) PNB Housing Finance and Yes Bank on Friday said that they have entered into a strategic co-lending agreement to offer retail loans to home-buyers at competitive interest rates.

A PNB Housing statement said that both the financial…

India now has over 700 commercial aircraft: DGCA

New Delhi (IANS) India's civil aviation sector, which was heavily battered by the Covid-19 pandemic, added over 20 aircraft during the year 2020.

The inductions are considered to be a sign of revival as well as airlines reposing their faith…

Wipro to buy UK firm Capco for $1.45 billion

Bengaluru (IANS) Global software major Wipro said on Thursday that it has signed an agreement to acquire the UK-based management and technology firm Capco for $1.45 billion (Rs 10,551 crore) to provide digital, Cloud and IT services to financial institutions…

Sensex up over 400 points; metal, banking stocks rise

Mumbai (IANS) The key Indian equity indices continued to rise on Wednesday morning with the BSE Sensex rising over 400 points.

Sensex surged around 479 points to touch an intraday high of 50,776.48 points.

Healthy buying was witnessed…