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Stock Market Today Live Updates: BSE Sensex plunges 500 points, NSE Nifty50 trades near 22,600 after RBI hikes repo rates by 25 basis point

Indian benchmark indices ended sharply higher in the previous session, extending their rally for a second straight session. The 30-share BSE Sensex gained 685.34 points, or 0.95%, to settle at 73,067.81, while the 50-share NSE Nifty climbed 220.35 points, or 0.98%, to close at 22,776.10. Buying in banking stocks and Reliance Industries, along with a...
centre approves rs 10000 crore fund for equity capital of sme as ftas open expansion opportunities

Sme Growth Fund: Cabinet OKs 10,000 crore SME growth fund

Centre approves Rs 10,000 crore fund for equity capital of SME as FTAs open expansion opportunities NEW DELHI: The Union Cabinet on Tuesday approved the setting up of Rs 10,000 crore SME Growth Fund (SGF), aimed at catalysing growth-oriented capital for small and medium enterprises (SMEs) to enable the emergence of champion enterprises across manufacturing,...
fmcg q2 outlook

Fmcg Q2: FMCG Q2: Margins under pressure

MUMBAI: Fast-moving consumer goods (FMCG) companies are grappling with heightened commodity cost inflation amid a sharp rebound in crude oil prices while the impact of weak monsoons is slowly showing up in pockets of consumption, companies said in their Q2 updates even as they estimated strong revenue and volume growth for the quarter.The broader takeaway...
car issues

He bought a diesel SUV for Rs 13.69 lakh; but repeated DPF issues followed; consumer commission finds deficiency in service and awards Rs 10.99 lakh refund, 9% interest and compensation

The Kurnool District Consumer Disputes Redressal Commission has directed the car manufacturer and its dealer to refund the ex-showroom price. (Image for representative purpose only) Buying a car is a dream, but what if you repeatedly face issues after purchase? In one such case the Kurnool District Consumer Disputes Redressal Commission has asked the car...
gold imports

MMTC, STC may lose gold import tax advantage as GST Council weighs 3% GST; aim to put banks, nominated agencies and exchanges on equal footing

Currently, banks and certain nominated agencies are required to pay 3% GST when importing precious metals. (Image for representative purpose only) Government entities such as MMTC and the State Trading Corporation of India could soon be brought within the goods and services tax (GST) framework for imports of gold and other precious metals.The proposal is...
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