Indian shares rose on Friday, as gains in technology and energy stocks helped markets push past concerns around the discovery of two cases of the new Omicron coronavirus variant in the country a day earlier. The blue-chip NSE Nifty 50 index was up 0.41% at 17,472.05 by 9:17 am, while the benchmark S&P BSE Sensex…
India’s electricity demand grew 2.2% in November, slower than the 4.1% increase in October, a Reuters analysis of government data showed, helping the energy-hungry nation tide over a crippling coal shortage that caused widespread power cuts. Surging power demand and high global prices in October left utilities…
Goods and Services Tax (GST) collections jumped to over Rs 1.31 lakh crore in November, the second highest since its implementation in July 2017, in line with the trend in economic recovery, the finance ministry said on Wednesday. “The gross GST revenue collected in the month of November 2021 is Rs 1,31,526 crore…
The cryptocurrency market has witnessed a burst of volatility over the past 24 hours as popular virtual coins struggled to find support. However, most small cryptocurrencies rose sharply after a short period of volatility on Wednesday. Bitcoin, the world’s most popular cryptocurrency, was trading at $57,199 or 0.81…
Indian cosmetics-to-fashion retailer Nykaa plans to more than triple its brick-and-mortar stores to 300, founder and Chief Executive Falguni Nayar said, significantly building its offline presence in the country. Nayar declined to give a timeline for the rollout but said the company was targeting 100 cities, adding to…
The initial public offering (IPO) of Kolkata-based Tega Industries Limited opened for subscription on Wednesday and interested individuals will be able to bid for the public issue till December 3. The 619 crore IPO is entirely an offer for sale of up to 1,36,69,478 equity shares by the selling shareholders and the…
The price of liquefied petroleum gas (LPG) cylinders for commercial usage has been hiked by Rs 100 by oil marketing companies (OMCs). From today, a 19-kilogram commercial gas cylinder will cost Rs 2,101 in Delhi. This is the second consecutive month that commercial gas cylinder prices have been increased. In…
Domestic stock markets have witnessed a spike in volatility over the past few trading sessions as investors remain worried about the overall impact of the Omicron variant of coronavirus. Both S&P BSE Sensex and NSE Nifty 50 went through two big crashes last week, following reports that the new coronavirus variant…
There has been no change in the prices of petrol and diesel across the country on Wednesday, December 1, 2021. The state-run oil marketing companies (OMCs) have maintained stability in domestic fuel prices amid a sharp decline in crude oil prices in the international market. The U.S. benchmark, West Texas Intermediate…
Indian shares rose over 1% on Wednesday, boosted by metals, auto and banking stocks, after growth data showed India grew at a faster pace than any major economy in the September quarter. The blue-chip NSE Nifty 50 index was up 1.2% at 17,187.65 by 9:17 am, while the benchmark S&P BSE Sensex rose 1.11% to 57,696.68.…