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File photo (Picture credit: AP) Asian equities edged higher on Wednesday following signs that the US government shutdown could end soon and amid data pointing to a cooling jobs market, which has raised expectations of a Federal Reserve interest rate cut. Markets, however, remain cautious on technology stocks after a year of strong AI-driven gains.In…
Groww made a strong debut on Dalal Street on Wednesday, with shares listing on both the BSE and NSE at a premium over the issue price.Shares of Billionbrains Garage Ventures Ltd (Groww) listed at Rs 114 apiece on the BSE, marking a 14% premium over the IPO price of Rs 100. On the NSE, the…
Support for the yellow metal could persist in the range of $ 4110 – 4075 per oz in near term. (AI image) Gold price prediction today:Gold prices are expected to face upside resistance, and buying on dips may be a favourable strategy, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock…
Near-term market direction will hinge on the ongoing earnings season and progress on the US–India trade discussions. Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 went above 25,800, BSE Sensex was up over 400 points. At 9:17 AM, Nifty50 was at 25,813.80, up 119…
NEW DELHI: Commerce and industry minister Piyush Goyal on Tuesday said quality control orders (QCOs), aimed at enabling producers to sell superior quality products to Indian consumers, have helped strengthen domestic industry, including toys and plywood, and managed to curb substandard imports.During a meeting with state commerce and industry ministers, he asserted that the Centre…
MUMBAI: Strong governance intent can eliminate regulatory gaps and overlaps, RBI deputy governor Swaminathan J said, urging boards and regulators to move beyond procedural compliance. Speaking at the Gatekeepers of Governance Summit in Mumbai on Nov 7, he said boards must “own outcomes, not paperwork.”He outlined five practices essential for sound governance — boards owning…
NEW DELHI: Net direct tax collection has grown 7% so far this fiscal year to over Rs 12.9 lakh crore on higher corporate tax mop-up and slower refunds. Refund issuances dropped 18% to over Rs 2.4 lakh crore between April 1 and Nov 10. Net corporate tax collection during the period stood about Rs 5.4…
The US Supreme Court had, once again, refused to order the Trump administration to provide full funding for the Supplemental Nutrition Assistance Program (Snap). Instead it has chosen to allow congress additional time to resolve the matter through a possible agreement tied to ending the government shutdown.In an order issued on Tuesday (local time), the…
MUMBAI: The board of directors of Adani Enterprises (AEL), the flagship of the Ahmedabad-based Adani group, on Tuesday evening gave its nod for a rights offer to mobilise up to Rs 25,000 crore. For every 25 AEL shares held by its shareholders on the record date (Nov 17), they will have the rights to subscribe…
MUMBAI: The Insurance Regulatory and Development Authority of India (Irdai) is closely examining the shortfall in the settlement of health insurance claims, even as over half of the complaints received under the insurance ombudsman system relate to health policies.At the Bima Lokpal Day event on Tuesday, Irdai chairman Ajay Seth said, “In health insurance, we…
