Sensex, Nifty hit fresh highs as rally continues

Mumbai (IANS) The key Indian equity indices continued its rally on Tuesday with the BSE Sensex and the Nifty50 hitting fresh record high levels.

Sensex hit a fresh high of 47,710.38, and the Nifty50 touched an all-time high of 13,967.60 points.

Underrated Sitharaman presiding over India's biggest stock market bull run

New Delhi (IANS) Finance Minister Nirmala Sitharaman has been presiding over Indian stock markets' biggest bull run in the last few months. Prime Minister Narendra Modi and Sitharaman are scripting what is easily the biggest wealth creation story…

After NCLAT, NCLT now also dismisses appeal of Hindustan Oil Exploration Co.

New Delhi (IANS) Hindustan Oil Exploration Company (HOEC)s attempt to contest implementation of the Resolution Plan completed in September was struck down for the third time by NCLTs Allahabad Bench on December 21.

This a series of repeated…

Proposed sale of 33.12% equity shares of Prime Focus by Credit Suisse to PFL's promoters is blatant abuse: RCAP Group

Mumbai (IANS) The proposed sale of 33.12% equity shares of Prime Focus Ltd. (PFL) by Credit Suisse (CS) to the PFLs promoter group at Rs 44.15 per share is a blatant abuse of the purported rights by CS under certain lending agreements with RCAP Group.

CII seeks clarity in taxation laws, simplification, lesser litigation

New Delhi (IANS) CII has suggested the government to bring about clarity in the taxation laws, simplification of procedures and reduction of litigation in the upcoming Union Budget.

It noted that the taxation laws should facilitate business…

Stocks attract over $22bn as India emerges among best performing EMs

Mumbai (IANS) The Covid-19 virus not only triggered a worldwide pandemic, but also opened the floodgates for investments in the countrys equity market.

All in all, not only did the overall capitalisation of India's domestic market increased,…

41% small businesses find it impossible to file ITR by Dec 31: Survey

New Delhi (IANS) As the deadline for filing of Income Tax Returns (ITR) nears, around 41 per cent small businesses think that it is impossible to file their returns by December 31 and want an extension to the deadline, according to a survey by LocalCircles.

No revision in petrol & diesel prices

New Delhi (IANS) Petrol and diesel prices remained unchanged on Saturday as oil marketing companies continued to maintain a wait and watch stance amid range-bound global oil prices.

Accordingly, the pump price of petrol remained at Rs Rs 83.71…

CAIT urges FM to defer implementation of 'Rule 86-B' in GST

New Delhi (IANS) Traders' body Confederation of All India Traders (CAIT) has urged Finance Minister Nirmala Sitharaman to defer the implementation of 'Rule 86-B' in GST, scheduled to be implemented from January 1, 2021.

In a letter…

ICICI Bank unleashes tech-enabled products to enhance retail portfolio

New Delhi (IANS) To buck the Covid induced downtrend, lending major ICICI Bank plans to pursue the technology route to expand its retail presence.

Accordingly, the lender has introduced a slew of technology based products for customers, especially…