Benchmark equity indices Sensex and Nifty ticked higher for the ninth straight session on Thursday, buoyed by fag-end buying in banking, financial and realty stocks amid encouraging domestic retail inflation data. Weak trends in IT counters and fall in the overnight US equity markets triggered by fresh concerns over recession, however, put a check on market's uptrend. In a largely subdued session, the 30-share BSE Sensex went up marginally by 38.23 points or 0.06 per cent to settle at 60,431.
Stressing on the 'Make in India' initiative, a Ministry of Defence appointed committee has recommended enhanced private sector involvement by granting manufacturers tax and import concessions.
Farmers have been protesting seeking repeal of the three contentious farm laws on the borders of New Delhi for the last five months now. The Supreme Court had, on January 11, stayed the implementation of the three laws till further orders and appointed a four-member panel to resolve the impasse.
With regulatory uncertainties clouding the future of online pharmacies, deals in the space are showing signs of slowdown, as also fresh investment from private-equity (PE) firms and venture capitalists (VCs). The data from Venture Intelligence shows so far in 2023 (as of June 13) there has been one deal with PE-VC funding. In 2022 there were four, a sharp fall from the 12, totalling $1,520 million, the sector had attracted in 2021.
"It is our hope that this rule adjustment will help players focus purely on their performance by relieving a potential source of anxiety."
Benchmark indices Sensex and Nifty ended with gains on Wednesday, extending the previous day rally amid lower level of inflation on domestic front and better-than-expected inflation readings from the US. The 30-share BSE Sensex climbed 144.61 points or 0.23 per cent to settle at 62,677.91. During the day, it jumped 301.81 points or 0.48 per cent to 62,835.11.
The government on Wednesday night issued a notification confirming the appointment of the management committee while removing Ramiz Raja, but the sitting chief selector Muhammad Wasim announced the squad for the NZ series.
A complaint addressed to Saxena in June this year had claimed that the appointment of the minister of transport as the chairman of the committee for tendering and procurement of buses by Delhi Transport Corporation was done in a "premeditated manner".
Under the scheme, all rural landless households will be provided life and disability insurance cover. On death due to accident and permanent disability due to accident, the family would get Rs 75,000. In case of partial disability due to accident, the insurance cover would be Rs 37,500.The premium to be charged under the scheme is Rs 200 per annum per member, of which 50 per cent will be contributed by the central government and remaining by state governments.
'The aim is also to probe how the ministry and testing agencies made negligence in examining these OEMs, so that such negligence is avoided in the future.'
Several members of Parliament have opposed privatisation of public sector oil firms like IOC and have asked the government not to seek a review of the Supreme Court verdict halting privatisation of HPCL and BPCL, Petroleum Minister Ram Naik said.
The government will come out with proposed modalities and terms of references for setting up grievance appellate committees to address social media users' complaints in the next 10-12 days, and expects the panel to be in place by November 30, Union Minister Rajeev Chandrasekhar said on Tuesday.
Finance Minister P Chidambaram on Friday favoured 'a close hard look' at tax exemptions in a bid to bring fiscal prudence.
The government's assurance came amid reports of Meiteis fleeing the state following an 'advisory' by an ex-militant's association of Mizoram asking them to leave due to tension triggered by the viral video of two women being paraded naked by a mob in Manipur.
States have been told to prepare in advance to counter any impact of an adverse southwest monsoon.
Hours before a planned mass burial of Kuki-Zomi people killed in Manipur's ethnic violence, the state's high court on Thursday ordered that status quo be maintained at the proposed burial site in Churachandpur district, while ITLF, an apex tribal body also said it was postponing burial service plans following requests from the Union home minister.
The CBI had registered a preliminary enquiry in 2016 which was later converted into a regular case, they added.
As many as 48 companies, including Reliance Retail, Jindal Power Ltd and Adani group, are in the final list of eligible prospective resolution applicants for acquiring debt-ridden Future Retail Ltd. The Resolution Professional of Future Retail Ltd (FRL), which is currently going through an insolvency resolution process, on Monday came out with the final list of 'Eligible Prospective Resolution Applicants'. On April 10, FRL's RP updated a list of 49 companies, which had submitted Expressions of Interest (EoIs) after the company's lenders decided to invite fresh bids after dividing its assets into clusters.
The Goods and Services Tax (GST) Council, which is likely to meet in the third or fourth week of June, is set to clear the operational framework of the much-awaited GST appellate tribunal, which will deal with tax disputes and streamline resolution. "The final blueprint, mainly the operational part, is expected to be presented in the GST Council meeting for approval. "This will pave the way for the tribunal to be functional, both at the central and state levels," said a senior government official, who expects the tribunal to be up and running by November.
The draft e-commerce rules released last year held e-commerce marketplace responsible if a seller on its platform failed to deliver the goods or services ordered by a consumer "due to negligent conduct, omission or commission of any act by such seller", causing loss to the consumer.
The home minister also emphasised the need to strengthen the Border Security Force, Sashastra Seema Bal, Indo-Tibetan Border Police and Assam Rifles, protecting the various stretches of the country's borders
India, Pakistan and Iran will for the first time hold a joint official-level meeting in Tehran from March 13-15 on the proposed over $7 billion tri-nation gas pipeline
The proposed legislation on special economic zones would give a big boost to the inflow of foreign direct investment in the country, Commerce and Industry Minister Kamal Nath said in New Delhi on Friday.
'It's unfortunate that the prime minister prioritises his own image over the humanitarian situation that is unfolding in Manipur, prioritising his ego over the atrocities that women and tribals have had to suffer in Manipur.'
The fencing along the Indo-Bangla border is likely to be completed by the end of 2006, the Parliamentary Consultative Committee of Home Ministry was informed in New Delhi Tuesday.
The Union Minister for Chemicals, Fertilisers and Steel Ram Vilas Paswan on Monday said from April 1 onwards, the prices of drugs would include local taxes.
A top leader of the ruling Communist Party has asked China's over 25 million Muslims to "uphold the banner of patriotism" and reorient Islam to adapt to Chinese conditions, amid Beijing's diplomatic offensive to counter a damning UN report accusing it of serious human rights violations against Uygur Muslims.
The university's academic council in a meeting on Friday had passed a motion for the removal of the chapter titled Modern Indian Political Thought.
The government plans to set up budget hotels at 100 identified tourists sites and improve onshore infrastructure for berthing of cruise ships as part of major exercise to improve tourism facilities in the country.
Let's wait for the monetary policy on February 8 -- to see how it complements the fiscal commitments, points out Tamal Bandyopadhyay.
The government carries out a review of the defence procurement process every two years to make changes gained from experience and to incorporate new contract clauses for probity.
The Rajya Sabha on Wednesday passed the Digital Personal Data Protection Bill 2023 by voice vote following a walkout by opposition members over the Manipur issue.
Spain's captain Olga Carmona -- the scorer of Sunday's deciding goal -- plays for Real Madrid, where the women's team generated revenues of 1.4 million euros in the 2021/22 season, according to Deloitte. That compared with the Real Madrid men's teams revenues of 713.8 million euros in the same season.
The Congress Legislature Party, which met at a private hotel in Bengaluru on Sunday evening, passed a unanimous resolution authorising the party chief to pick its leader.
India skipper Rohit Sharma gave an update on Shreyas Iyer's recurring back injury and the captain didn't sound to optimistic of the batter playing anytime soon.
From the Sensex pack, Tata Motors, Sun Pharma, Wipro, Tata Consultancy Services, UltraTech Cement, Tech Mahindra, Bajaj Finserv, HCL Technologies, Infosys and IndusInd Bank were the major laggards. NTPC, Power Grid, Reliance Industries, Tata Steel, HDFC and HDFC Bank were the major winners.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances