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Stock markets to remain closed today on account of Ram Navami

Published on Mar 30, 2023 09:39 AM IST

Stock markets update: BSE, NSE will remain shut for trading on occasion of Ram Navami.

A file photo of Bombay Stock Exchange

Adani pulls back on grand ambitions after Hindenburg bombshell

The embattled Adani Group will revert his focus to core projects including power generation, ports and newer green energy initiatives.

An activist of the youth wing of Congress party holds a placard featuring Gautam Adani, chairman of Adani Group, during a protest.(Reuters)
Published on Mar 30, 2023 08:53 AM IST
Bloomberg |

Marvel chief Ike Perlmutter part of 7,000 expected job cuts at Disney

Perlmutter was the chief executive officer and the largest shareholder of Marvel when Disney acquired the company for about $4 billion in 2009.

The logo of the Times Square Disney store is seen in Times Square, New York City, US. (File image)(REUTERS)
Published on Mar 29, 2023 11:28 PM IST
Bloomberg |

NCLAT upholds 1,338 cr fine on Google, grants partial relief on four grounds

A two-member bench of the National Company Law Appellate Tribunal (NCLAT) has asked Google to implement the direction and deposit the amount in 30 days.

Google said it is reviewing the NCLAT order and is in the process of evaluating legal options.(REUTERS)
Published on Mar 29, 2023 07:32 PM IST
PTI | | Posted by Yagya Sharma

Gpay, Paytm, other users need not worry about new surcharge; Know reason

NPCI has recently introduced an interchange fee over payments made through UPI in PPI merchant transactions. Know all about PPI, interchange fee and who would pay the charge.

According to NPCI, payments above <span class='webrupee'>₹</span>2,000 made using UPI network will bear a surcharge or interchange fee of up to 1.1%.(Shutterstock)
Updated on Mar 29, 2023 05:01 PM IST
BySnehashish Roy

Paytm answers if customers need to pay fee on UPI payments

Paytm on Wednesday said that “no customer will pay any charges on making payments from UPI either from bank account or PPI/Paytm Wallet.”

Paytm on Wednesday urged to not spread misinformation after NPCI's new rule on digital payments through UPI. (REUTERS)
Published on Mar 29, 2023 04:47 PM IST

Ratings agency Fitch's warning - two Adani companies face contagion risks

Fitch early last month, however, said it had seen no immediate impact on its ratings of Adani Group entities and their securities. It said on Wednesday "there is no rating impact even now."

Adani group chairperson Gautam Adani. (REUTERS)
Published on Mar 29, 2023 04:28 PM IST
Reuters | | Posted by Yagya Sharma

‘Several thousands’ to lose job at Disney in April: CEO Bob Iger

These layoffs will be the second round of the 7,000 job cuts announced by the company in Feb. The first stage will begin this week, and the third and final phase is likely to commence before the summer.

The logo of the Times Square Disney store is seen in Times Square, New York City, US. (File image)(REUTERS)
Published on Mar 29, 2023 03:43 PM IST
By, New Delhi

Closing bell: Sensex advances to 57,960, Nifty at over 17,000

Among the Sensex firms, HCL Technologies, Tata Motors, Hindustan Unilever, NTPC, IndusInd Bank, Bajaj Finserv, Bajaj Finance and Mahindra & Mahindra were the major gainers.

Representational Image
Published on Mar 29, 2023 03:38 PM IST
PTI |

Gold and Silver Prices on March 29: Gold rates increase, silver unchanged

Gold and Silver Prices on March 29: On Wednesday, the prices of 22-carat gold and 24-carat gold increased by ₹20 per gram and ₹22 per gram, respectively, from the day before.

Representational Image
Published on Mar 29, 2023 12:07 PM IST
By, New Delhi

Petrol, diesel prices on March 29: Check rates in your city

Petrol, diesel prices on March 29: The previous pan-India revision to fuel rates was made on May 21 last year.

Representational Image
Published on Mar 29, 2023 10:18 AM IST
By, New Delhi

Will online payments become costlier? NPCI recommends this…

NPCI released a circular on matter related to charging interchange fees on certain transactions made through UPI.

The interchange fee is usually levied to cover the cost of accepting, processing and authorising the transaction.(File)
Updated on Mar 29, 2023 02:00 PM IST
BySnehashish Roy

Sensex rallies to open at 57,832, Nifty at over 17,000

Among the Sensex firms, Mahindra & Mahindra, Hindustan Unilever, HCL Technologies, Tata Motors, Bajaj Finserv, Bajaj Finance, HDFC Bank and HDFC were the major gainers.

Representational Image(HT_PRINT)
Published on Mar 29, 2023 09:26 AM IST
PTI |

Adani refutes reports on debt repayment concerns as shares slide

Adani units slumped Tuesday after India’s Economic Times said the group is seeking to renegotiate the terms of $4 billion worth of loans, citing people it didn’t identify.

Adani Group refuted the reports in separate statements Tuesday, calling the Economic Times’ claims “baseless speculation.” (REUTERS)
Published on Mar 29, 2023 08:46 AM IST
Bloomberg |

Alibaba to split empire into 6 units as co-founder Jack Ma returns to China

Alibaba Group plans to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as Beijing vows to ease a sweeping regulatory crackdown and support its private enterprises.

Alibaba (REUTERS)
Published on Mar 28, 2023 05:29 PM IST
Reuters |

Closing bell: Sensex ends in red at 57,614, Nifty settles at 16,952

As many as 32 Nifty stocks declined, 17 advanced and one closed unchanged. Adani Entertainment, Adani Ports, Tech Mahindra, HeroMotoCorp and Tata Motors were among major Nifty losers.

Shareholders react as Sensex and Nifty go down. (ANI File Photo )
Published on Mar 28, 2023 03:39 PM IST
PTI |

Air India Group integrates reservation system of Air India Express and AirAsia India

Air India chief executive officer Campbell Wilson said the integration of the core reservation and passenger-facing systems of Air India Express and AirAsia India.

The system merger comes five months after AirAsia India was fully acquired and subsidiarised under Air India, and three months after both AirAsia India and Air India Express (Photo:irindiaexpress.in)
Published on Mar 28, 2023 03:35 PM IST

PAN-Aadhaar linking deadline extended to June 30

The deadline for linking PAN and Aadhaar cards, which had been slated for March 31, has been extended to June 30. Everyone is required to link it or suffer severe consequences, including increased TDS and TCS deduction.

All PAN cards that will not be linked with Aadhaar by June 30, 2023, will become “inoperative”.(HT file)
Published on Mar 28, 2023 03:18 PM IST

Nestle to examine banking relationships following Credit Suisse downfall

The maker of Nescafe instant coffee and KitKat chocolate bars raised prices by 8.2% last year, but that did not fully offset the impact of increased ingredient costs on margins.

Price increases had so far only had a
Published on Mar 28, 2023 02:56 PM IST
Reuters | | Posted by Yagya Sharma

'Tense' atmosphere at Freshworks since CEO announced details of March layoffs

As many as 114 employees were relieved by the company in March, just three months after 90 workers were handed pink slips by the Nasdaq-listed SaaS firm.

The fresh layoffs come just months after the company sacked around 90 employees or 2% of then total workforce (Image courtesy: Moneycontrol)
Published on Mar 28, 2023 02:49 PM IST
By, New Delhi

Gold and silver prices on March 28: Check latest rates in your city

Gold and silver prices on March 28: The prices of both the metals are down on Tuesday from the previous day.

The prices of both gold and silver are down today from the previous day (Representational Image)
Published on Mar 28, 2023 11:03 AM IST
By, New Delhi

EPFO fixes 8.15% interest rate on employees' provident fund for 2022-23

In March last year, the retirement fund body had lowered the rate to from 8.5% to 8.1%, the lowest since 1977-78.

Representational Image
Updated on Mar 28, 2023 10:52 AM IST
PTI |

From Apr 1, these 10 big income tax rule changes to be effective. Details

Each year, a new financial year begins on April 1, and continues till March 31 next year.

Representational Image
Published on Mar 28, 2023 10:12 AM IST
By, New Delhi

Opening bell: Sensex advances to 57,950, Nifty rises to over 17,050

Among the Sensex firms, Tata Steel, Reliance Industries, Tata Consultancy Services, ICICI Bank, HCL Technologies, Wipro, HDFC Bank and HDFC were the prominent winners in early trade.

Representational Image
Published on Mar 28, 2023 09:18 AM IST
PTI |

Google asks judge to dismiss antitrust lawsuit over online ads

The Justice Department's ad tech lawsuit follows a separate lawsuit that accused Google of violating antitrust law to maintain its dominance in search.

 Sundar Pichai, CEO of Google. (HT photo)
Published on Mar 28, 2023 08:45 AM IST
Reuters |

Petrol, diesel prices on March 28: Check rates in your city

A litre of petrol and diesel in Kolkata costs ₹106.03 and ₹92.76, respectively.

In Chennai, petrol sells at <span class='webrupee'>₹</span>102.63 while diesel is at <span class='webrupee'>₹</span>94.24 a litre. (Representative)
Published on Mar 28, 2023 08:33 AM IST
By | Written by Ritu Maria Johny

Centre gave 8,800 crore without lender asking for it, says report

The department under the finance ministry did not conduct assessment of the capital requirement as per its own standard practice before recapitalisation, as per the Compliance Audit Report.

An SBI branch. (HT Archive)
Published on Mar 28, 2023 07:23 AM IST
PTI |

Economic slow-down in China likely to drag global growth down: World Bank

The Washington-based multilateral lender predicts that China's economy will help keep the global economy from entering a recession due to an annual growth rate of five percent this year.

A logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018.(REUTERS file)
Published on Mar 28, 2023 12:31 AM IST
AFP |

Saudi Aramco to buy 10% stake in China oil refinery for $3.6 billion

Saudi Aramco will supply 4,80,000 barrels of crude oil per day to Rongsheng Petrochemical's refinery in the eastern province of Zhejiang over a 20-year period.

FILE PHOTO: Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo(REUTERS)
Published on Mar 27, 2023 04:28 PM IST
Bloomberg | | Posted by Shobhit Gupta

Sensex up by 127 points to close at over 57,650, Nifty at 16,986

Among the Sensex firms, Reliance Industries, Maruti, Sun Pharma, State Bank of India, UltraTech Cement, Infosys, Kotak Mahindra Bank, Hindustan Unilever, ITC and HDFC Bank were the biggest gainers.

Sensex closes 153 points higher at 57,260; Nifty ends session at 17,053 points(Reuters File)
Published on Mar 27, 2023 03:40 PM IST
PTI |
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