Category: Business
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Market recap: Top 10 firms bleed Rs 3.12 lakh crore in market cap; Reliance biggest loser
Last week, the combined market capitalisation of nine of the top 10 most valued firms fell by Rs 3.12 lakh crore, with Reliance Industries registering the sharpest decline.Broader market sentiments also remained weak with the 30-share BSE Sensex dropping 2,090.2 points, or 2.7%, while the 50-share NSE Nifty slipped 532.65 points, or 2.2%.“Markets ended the…
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FPI selling: Foreign investors pull Rs 27,000 crore in May; 2026 outflows cross Rs 2.2 lakh crore mark
Foreign investors have continued withdrawing from Indian equities, with net outflows reaching Rs 27,048 crore so far this month. The selling spree reflects the cautious stance among global investors amid shifting global macroeconomic conditions and ongoing geopolitical uncertainty.Data from the NSDL shows that Foreign Portfolio Investors (FPIs) have pulled out a total of Rs 2.2…
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CNG prices in Delhi-NCR rise again: Second hike in 48 hours — Check rates in your city
Delhi commuters, your next CNG refill is set to cost a little more!Indraprastha Gas Limited (IGL) raised rates by Re 1 per kg across its network on Sunday, marking the second hike in just 48 hours. With the latest revision effective from 6:00 am on Sunday, CNG prices in Delhi climbed to Rs 80.09 per…
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Silver import crackdown: Centre tightens rules on white metal — all you need to know
India has tightened silver imports in a major policy move to stop traders from taking advantage of a fresh duty gap created after the government raised import taxes on precious metals. Once duties on gold and silver were increased to 15%, concerns grew that lower-duty silver could start entering India through Dubai under the India-UAE…
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PFC, REC boards clear merger, seek approval from President
NEW DELHI: The boards of state-run power sector financiers Power Finance Corporation and REC Limited on Saturday decided to move ahead with the proposal to merge the two entities.In separate stock exchan-ge filings, both companies said their boards had cleared reserving the merger proposal for approval of President of India, as required under their Articles…
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After duty hike comes curbs on silver import
NEW DELHI: Days after more than doubling the customs duty, govt on Saturday moved in to restrict the import of certain types of silver as part of its strategy to reduce surging shipments of bullion.In a notification, the directorate general of foreign trade moved silver bars containing 99% or more of the metal as well…
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Vodafone rides govt relief, posts Rs 52k crore surprise profit
NEW DELHI: India’s third largest telecom operator Vodafone Idea (VI) is finally profitable. On Saturday, it reported a net profit of Rs 51,986 crore in March quarter — probably a record for any company — against a loss of Rs 7,168 crore in the corresponding period of 2025.This was thanks to a one-time accounting gain…
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Tata Trusts ordered to defer today’s board meets
Maharashtra’s charity commissioner has ordered Tata Trusts to defer board meetings and launched an inquiry into complaints filed by vice-chairman Venu Srinivasan and advocate Katyayani Agrawal, stating that “the issues highlighted by them are serious and require due consideration.” The development deepens a governance dispute at one of India’s most influential philanthropic institutions where Srinivasan…
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CCPA issues notices to Amazon, Flipkart, Meesho and JioMart over ‘cyclosinone herbicide’ sale
Four major e-commerce platforms– Amazon, Flipkart, Meesho and JioMart– have removed listings of the allegedly unregistered “Cyclosinone Herbicide” following notices issued by the Central Consumer Protection Authority (CCPA), which has now ordered a detailed investigation into the matter.In a statement issued on Saturday, the regulator said the platforms informed it that listings of the product…
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Delhi government reduces VAT on aviation turbine fuel from 25% to 7%
The Delhi government on Saturday announced its decision to reduce the Value Added Tax (VAT) on Aviation Turbine Fuel (ATF).According to the the chief minister’s office Value Added Tax (VAT) on Aviation Turbine Fuel (ATF) from 25 per cent to 7 per cent, according to the chief minister’s office, as quoted by ANI, claiming it…
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