Average salary increments to touch pre-pandemic levels in 2022: Survey

The average salary hikes in 2022 are likely to touch pre-Covid levels, according to a survey conducted by global professional services provider Aon Plc. In its 26th annual salary increase survey, Aon said average hikes could be in the range of 9.4 per cent. It made the projection after surveying 1,350 companies across…

Rupee plunges 23 paise to 73.65 against US dollar in early trade

The Indian rupee plunged 23 paise to 73.65 against the US dollar in opening trade on Wednesday, tracking a strong American currency and muted trend in domestic equities. At the interbank foreign exchange, the rupee opened at 73.48 against the dollar, then fell to 73.65, registering a decline of 23 paise from the last…

Sensex, Nifty end at record highs as Reliance shares jump

Indian shares scaled new peaks on Friday, with the blue-chip Nifty registering its best week since early February as conglomerate Reliance Industries surged to record highs, and investor focus on U.S. jobs report due later in the day. The blue-chip NSE Nifty 50 index was up 0.52% at 17,323.60 at close and the…

Cryptocurrencies likely to be treated as commodities, may face taxation: Report

The much-awaited cryptocurrency draft bill may propose to define cryptocurrencies and classify them based on usage. The move is likely to benefit Indian cryptocurrency investors who have been waiting for a concrete law to regulate virtual coin trading. Cryptocurrencies could be defined as commodities or assets in the…

Markets This Week: Sensex, Nifty end lower for second straight week; auto drags, metals gain

Indian indices ended in the red for the second consecutive week with both Nifty and Sensex ending around 0.2 percent. Losses in auto, IT stocks were offset by gains in metals and financials. The sentiment was also dented by a slowing pace of vaccination in some states and a global spread of the Delta variant of…

Finance Minister Sitharaman’s Rs 6.28 lakh crore Covid stimulus package | 8 announcements

HIGHLIGHTS Rs 23,220 crore has been earmarked for healthcare infrastructure First five lakh tourist visas will be issued free of cost: Nirmala Sitharaman The Finance Ministry also announced a Rs 1.1 lakh crore loan guarantee scheme for Covid-affected sectors Union Finance Minister Nirmala Sitharaman held a press…

Sensex Rises Over 100 Points; Reliance Industries, SBI Top Gainers

The domestic stock markets have opened mildly in the green, extending the gains witnessed in Friday’s session,amid mixed global cues. At 9:18 am, the BSE Sensex is trading at 53,054.25, higher by 127.85 points or 0.27 per cent and the Nifty is at 15,898.75, up 31.10 points or 0.17 per cent. In the broader market…

Sensex, Nifty Likely To Have A Muted Opening

The domestic stock markets are likely to start the last trading day of the week on a muted note, post the rally witnessed in the previous session. Trends on SGX Nifty indicate a flat opening for the index in India, with a 10-point gain. At 7:30 am, the Nifty futures were trading around 15,847, higher by 10 points, on…

Stocks To Watch; ONGC, Ashok Leyland, Bank of Maharashtra, Cadila Healthcare

The domestic stock markets are likely to start the last trading day of the week on a muted note, post the rally witnessed in the previous session. Trends on SGX Nifty indicate a flat opening for the index in India, with a 10-point gain. At 7:30 am, the Nifty futures were trading around 15,847, higher by 10 points, on…

Investor Rakesh Jhunjhunwala Sees Years Of Double-Digit Stock Gains

Annual equity returns from Indian stocks will be about five percentage points on top of the economic growth of 7%-10% in coming years, according to billionaire investor Rakesh Jhunjhunwala. Known locally as India’s Warren Buffett due to his penchant for equity investing, Mr Jhunjhunwala is counting on the…