Launched in September 2024, magicNOW contributes 13% to the overall food delivery business of the company
Sensex, Nifty, Share Prices LIVE: The upmove in the stock of Biocon seems to be gaining momentum. The strong 3.8 per cent rise on Wednesday has taken the share price well above a key resistance level of ₹348. It also signals that the consolidation that was in place since mid-February this year has come to an end. The region between ₹348 and ₹ ...more
Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks such as Reliance Industries, Infosys, HDFC Bank, TCS, SBI.
SBI is bolstering customer service by hiring 13,455 junior associates as part of a larger recruitment drive. The bank is also focusing on customer satisfaction through real-time measurement tools and has increased claim settlement limit ...more
Jio BlackRock Mutual Fund, after Sebi approval, is set to launch liquid and money market funds to begin its fund management operations. The joint venture also received regulatory approval to start its investment advisory business in Ind ...more
Nitin Gadkari advocates for a GST reduction on crude ethanol. He wants the tax to decrease from 18% to 5%. This change aims to boost flex-fuel vehicle manufacturing and sales. Currently, ethanol used for blending petrol has a 5% GST. Ga ...more
Mid-tier IT firms are experiencing a significant surge, with numerous companies surpassing the $1 billion revenue mark, fueled by strategic leadership from tier-1 veterans and private equity investments. These firms are rapidly scaling ...more
National Securities Depository is moving forward with its IPO plans, aiming to raise approximately $400 million. The offering, cleared by Sebi last October, is expected to launch as early as July. Major investors like IDBI Bank, NSE, an ...more
The Sikkim High Court has ruled that businesses are eligible for refunds on unutilised input tax credit (ITC) even after discontinuing operations. This decision came after SICPA India, a security ink manufacturer, sought a refund of ₹ ...more
Mizuho Financial Group is nearing a deal to acquire a majority stake in Avendus Capital, valuing the Indian investment bank at approximately $800 million. The Japanese lender aims to purchase KKR's 63% stake and potentially acquire addi ...more
To combat rising cyber fraud in the stock market, SEBI will launch a verified payment system from October 1st. This mechanism will help investors identify genuine SEBI-registered entities when transferring funds via UPI, preventing scam ...more
The government has reduced the Basic Customs Duty on crude edible oils like soybean, sunflower, and palm from 20% to 10% to control rising prices. This move widens the import duty differential, encouraging domestic refining and reducing ...more
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