NEW DELHI: Investors’ wealth zoomed by Rs 5,78,634.72 crore in two days of intense market rally, with participants adding Rs 2,74,908.83 crore to their fortune on Tuesday. Over the past two sessions, the BSE gauge Sensex has gained about 1,461 points or 2.99 per cent. The benchmark rallied 612.60 points […]
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Tata Motors Q4 consolidated net loss at Rs 7,585 crore; FY21 net loss at Rs 13,395 crore – Times of India
NEW DELHI: Home-grown auto major Tata Motors on Tuesday reported a consolidated net loss of Rs 7,585 crore for the fourth quarter ended March 31, 2021. It had posted a consolidated net loss of Rs 9,864 crore in the January-March period of FY2019-20, Tata Motors said in a BSE filing. […]
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ITAT: Forex gains arising against personal loans not taxable – Times of India
MUMBAI: Forex gains arising in the hands of an individual, on repayment of an interest-free loan by his relative, are not taxable according to a recent order of the Income-tax Appellate Tribunal (ITAT), Mumbai bench. According to tax experts, this order will be useful in many cases. In this case, […]
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COAI urges govt to remove fake messages on social media linking Covid-19 to 5G – Times of India
NEW DELHI: Telecom industry body COAI has approached the information technology ministry for removal of fake and misleading messages from social media platforms like Facebook, Whatsapp and Twitter linking spread of Covid-19 to 5G technology. The Cellular Operators Association of India (COAI), whose members include Reliance Jio, Bharti Airtel and […]
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Markets extend gains as sensex soars 613 points; Nifty settles above 15,100 – Times of India
Top gainers in the 30-share BSE pack included Mahindra & Mahindra, Bajaj Auto, Titan, Bajaj Finance, HDFC Bank and PowerGrid with their stocks rising as much as 5.91 per cent. (File photo) NEW DELHI: Equity indices surged for the third straight session on Tuesday powered by gains in auto and […]
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Ongoing consolidation to improve returns in H2 for equities: Report – Times of India
MUMBAI: The ongoing consolidation in equities would improve return prospects during the second half of 2021, an American brokerage said on Tuesday. Leading indicators relating to fundamentals including growth, stability, government policy and RBI policy, and corporate earnings are “generally positive” about equity returns, analysts at Morgan Stanley said. Coronavirus: […]
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India’s economy will do well once vaccination reaches critical mass, says Ashima Goyal – Times of India
NEW DELHI: India’s economy will do well once vaccination reaches a critical mass as pent up demand, global recovery and easy financial conditions will boost activities, RBI’s Monetary Policy Committee (MPC) member Ashima Goyal said on Tuesday. As India battles a “fearsome” second Covid wave, she also said the damage […]
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Google rolls out News Showcase in India; to train 50,000 scribes, students on digital skills – Times of India
NEW DELHI: Google on Tuesday said it is rolling out its News Showcase in India with 30 news organisations, a move aimed at incentivising and supporting publishers in the country to curate high-quality content on Google’s News and Discover platforms. The tech giant is also stepping up its efforts to […]
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Dish TV lenders invoke pledged shares, sell 5.11 crore shares in open market – Times of India
NEW DELHI: DTH service provider Dish TV on Tuesday said lenders have invoked 5.11 crore pledged promoters’ shares, following which the shareholding of the promoter group firm Direct Media Distribution Ventures Pvt Ltd has come down by 2.78 per cent. In a regulatory filing Dish TV India said “5,11,97,105 shares […]
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Bharti Airtel shares fall as key revenue metric hit – Times of India
BENGALURU: Shares of Bharti Airtel Ltd fell more than 2% on Tuesday, a day after the Indian telecom operator saw a key revenue metric miss an analyst estimate despite solid subscriber additions and higher data usage during the pandemic. Shares of the country’s second-largest telecom operator fell as much as […]