Business

August 2, 2024 6:03 PM August 2, 2024 6:03 PM

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Record 7.28 Crore ITRs Filed for 2024-25 by July 31

A record 7.28 crore income tax returns (ITRs) have been filed for 2024-25 till 31st July. The Finance Ministry said in a statement that this is 7.5 per cent more than the total ITRs for 2023-24 filed till 31st July 2023. An increasing number of taxpayers have opted for the New Tax Regime this year. ...

August 2, 2024 2:18 PM August 2, 2024 2:18 PM

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Sensex, Nifty plunge nearly 1% in early trading due to a broad selloff

Equity benchmark indices, the Nifty50 and Sensex opened lower today, tracking weak global cues. Both domestic indices plunged nearly 1% in early trading due to a broad selloff. Sensex, the pack of 30 companies were trading 678 points or 0.83 per cent down at 81,190 while Nifty 50 was down 215 points...

August 2, 2024 12:18 PM August 2, 2024 12:18 PM

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Rupee turns flat at Rs 83.73 against dollar amid weak equity markets

The Rupee turned flat at 83 rupees 73 paise against the US currency amid weak equity markets and an upward movement in crude oil prices overseas. At the interbank currency exchange, the domestic currency opened at 83 rupees 74 paise and inched up to trade at 83 rupees 73 paise against the dollar, th...

August 2, 2024 9:15 AM August 2, 2024 9:15 AM

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GST collection surges by 10.3 per cent to over Rs 1.82 lakh crore in July

The Goods and Services Tax - GST revenue has increased by 10.3 per cent to over 1 lakh 82 thousand crore rupees last month, the third-highest collection overall. According to the data released by the Ministry of Finance, the net Goods and Services Tax (GST) collection after adjusting refunds was aro...

August 1, 2024 7:21 PM August 1, 2024 7:21 PM

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Brent & WTI Crude Prices Rise Nearly 0.5% in Global Market

Brent and WTI crude is trading nearly half a per cent up in the global crude market today. Brent crude increased 0.53 per cent to 81 dollars and 27 cents per barrel. The U.S. West Texas Intermediate (WTI) is up by 0.5 per cent, to 78 dollars and 30 cents per barrel, when reports last came in.      

August 1, 2024 7:20 PM August 1, 2024 7:20 PM

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Fiscal Deficit Declined to 8.1% of Full-Year Estimate in First Quarter

The data released by the Ministry of Finance yesterday showed that the centre’s fiscal deficit declined to 8.1 per cent of the full-year estimate in the first quarter of the current financial year, compared with the corresponding quarter of the previous year.     The increase in tax collec...

August 1, 2024 7:17 PM August 1, 2024 7:17 PM

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Sensex & Nifty Hit Record Highs as BSE Sensex Reaches 81,868 & NSE Nifty Hits 25,011

Sensex and Nifty hit their record highs today, driven by the expectation of a possible Fed interest cut in September. The BSE Sensex added 126 points, or 0.15 per cent, to close at 81,868. The NSE Nifty added 60 points, or 0.24 per cent, to close at 25,011. The Nifty crossed 25000 points for the fir...

August 1, 2024 5:51 PM August 1, 2024 5:51 PM

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S&P 500 & Nasdaq Record Biggest Gains Since February 2022 

The S&P 500 and Nasdaq scored their biggest daily percentage gains since February 2022, and the Dow Jones rose on Wednesday as chip stocks rallied and the Federal Reserve kept U.S. interest rates unchanged while signalling possible easing in September if inflation cools.     Nasdaq jum...