Business

March 18, 2025 7:37 PM March 18, 2025 7:37 PM

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Domestic market ends with significant gains

Indian stock markets ended on a strong note today, with both the Sensex and Nifty posting significant gains. The Sensex surged 1,131 points, or 1.53 per cent, to close at 75,301, while the Nifty climbed 325 points, or 1.45 per cent, to settle at 22,834. During the day, the Sensex hit an intra-day hi...

March 18, 2025 7:32 PM March 18, 2025 7:32 PM

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Gains for US stock for second straight session

U.S. stocks gained for a second straight session as investors sought bargains after the Nasdaq and S&P 500's four-week tumble. The Nasdaq Composite gained 0.31 percent. The S&P 500 advanced 0.64 percent and the Dow Jones Industrial Average rose 0.85 percent.

March 18, 2025 7:00 PM March 18, 2025 7:00 PM

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Rupee appreciates for third consecutive session gaining 26 paise

In the Forex market, the rupee appreciated for the third consecutive session and registered gains of 26 paise to close at 86.55 against the U.S. dollar amid positive domestic equity markets and a weak American currency. The dollar index, which indicates the US dollar's strength against a basket of s...

March 18, 2025 5:26 PM March 18, 2025 5:26 PM

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Govt invites inputs from stakeholders on IT rules through OTP-based link

The Central Board of Direct Taxes (CBDT) has sought inputs from various stakeholders on income tax rules and related forms under the provisions of the Income Tax Bill, 2025. To facilitate this, CBDT has launched a utility link on the e-filing portal for stakeholders to submit inputs through an OTP-b...

March 18, 2025 5:10 PM March 18, 2025 5:10 PM

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RBI, BOM sign MoU to promote use of local currencies for cross-border transactions

The Reserve Bank of India (RBI) and the Bank of Mauritius (BOM) have signed a Memorandum of Understanding to establish a framework promoting the use of local currencies for cross-border transactions. According to the RBI, the MoU is designed to facilitate the use of the Indian Rupee and the Mauritia...

March 18, 2025 1:52 PM March 18, 2025 1:52 PM

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Sensex surges 925 points, Nifty jumps 274

Indian stock markets witnessed a significant surge today, with the BSE Sensex gaining 925 points to reach 75,094 and the Nifty climbing 274 points to 22,782 when reports last came in.

March 17, 2025 10:39 PM March 17, 2025 10:39 PM

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GeM Surpasses ₹5 Lakh Crore GMV, Achieves Milestone in Public Procurement

The Government e-Marketplace (GeM) has achieved a significant milestone by surpassing Rs 5 lakh crore in Gross Merchandise Value (GMV) on its portal before the close of the financial year 2024-25. This achievement highlights GeM's rapid expansion as a primary tool for public procurement, serving a b...

March 17, 2025 7:34 PM March 17, 2025 7:34 PM

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Banks to Remain Open on 31st March for Taxpayer Convenience: RBI

All banks will remain open for transactions on 31st March 2025 despite it being a public holiday, to provide convenience to taxpayers. In a notification issued on Monday, the Reserve Bank has said that necessary arrangements have been made to conduct special clearing operations across the country to...

March 17, 2025 6:00 PM March 17, 2025 6:00 PM

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Gold Rises 0.03% to ₹88,370 per 10g in Indian Bullion Market

In the Indian Bullion Market, 24 Karat Gold was trading 0.03% up at Rs 88, 370 per 10 grams, while Silver 999 Fine was trading 0.42% down at Rs 1,00,520 per kilogram a short while ago. At the Multi Commodity Exchange, gold for the April contract was trading 0.15% down at Rs 87, 861 per 10 grams, whi...