RBI hikes repo rate to 4.90%
RBI Governor Shaktikanta Das: The MPC voted unanimously to increase the policy repo rate by 50 bps to 4.90%....
Deprived of salary for months, hundreds of Future Supply Chain employees stage protest in MIHAN
Nagpur: Deprived of salary for the last two-months, hundreds of employees of MIHAN based Future Supply Chain firm staged demonstration here, on Monday. The widespread discontent among the employees was visible on this occasion amid the inflation surge. To make the...
Sensex jumps over 690 points in early trade
Equity benchmarks extended their rally on Monday, with the Sensex jumping over 693 points in early trade, aided by heavy buying in index majors Reliance Industries and Infosys amid a firm trend in Asian equities. The 30-share BSE Sensex rallied...
Reporting adequate transactions in Shares and Derivatives are biggest challenges: CA Milind Patel
Nagpur : Nagpur Branch of WIRC of ICAI recently organised a seminar on Taxation of Shares and Derivatives wherein CA. Milind Patel, past Chairman of the Nagpur Branch graced the occasion as Chief Guest and CA. Mahavir Atal was the...
Sensex jumps 311 points in early deals
Equity benchmarks started the trade on a firm note on Monday, with the Sensex jumping nearly 311 points in early deals, amid mixed trends from Asian markets. The 30-share BSE benchmark Sensex jumped 310.91 points to 54,637.30. The broader NSE...
Welcome step but too late and too little : Dr. Dipen Agrawal, President CAMIT
Reacting to the excise duty reduction on petrol and diesel announced by union government, Dr. Dipen Agrawal, President of Chamber of Associations of Maharashtra Industry and Trade (CAMIT) said that this step will indeed put some money in the pockets...
Sensex tanks over 1000 pts in opening trade
Equity benchmarks fell sharply on Thursday in line with an extremely weak trend in the global markets, with the Sensex plunging over 1000 points in early trade. Persistent foreign fund outflows and a spurt in crude oil prices also...
S&P cuts FY23 India growth forecast to 7.3%
S&P Global Ratings on Wednesday cut India's growth projection for the current fiscal to 7.3 per cent from 7.8 per cent earlier on rising inflation and the longer-than-expected Russia-Ukraine conflict. In its Global Macro Update to Growth Forecasts, S&P said...
India’s biggest IPO: LIC lists at Rs 867.20/share
The country's largest insurer LIC on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on the NSE. On the BSE, the shares got listed at Rs 867.20 apiece, down 8.62 per cent...
Gadkari opens Bridgestone Fleet Point Express dealership at Nagpur’s Ajmera Bros & Co
Nagpur: The Union Minister for Road Transport and Highways, Nitin Gadkari the other day inaugurated Bridgestone India’s dealership Bridgestone Fleet Point Express Centre at M/s Ajmera Brothers & Company, Bhandara Road, Kapsi Burj Opp. Bharat Petrol pump, Nagpur. The...
Narendra Modi’s Government Will Address All Gst Issues : Dr. Bhagwat Karad, Mos Finance, GOI
SECTION 16(2)(C) OF CGST ACT, 2017 IS NIGHTMARE FOR HONEST TAXPAYERS : DR. DIPEN AGRAWAL, PRESIDENT-CAMIT A delegation of Chamber of Associations of Maharashtra Industry & Trade (CAMIT) led by President, Dr. Dipen Agrawal and Chairman Mohan Gurnani along with Bombay...
LIC IPO closes: Allotment on May 12, check grey market premium
LIC IPO Subscription Status, LIC IPO GMP: Life Insurance Corp's mega public offering -- India's largest to date -- closed with 2.95 times subscription at the end of the six-day bidding on Monday. The subscription was predominately lapped up by...
VIA Exim Forum & BOI jointly conducted “Exporters Meet” at VIA
Vidarbha Industries Association EXIM Forum and Bank of India (BOI), Nagpur Zone jointly conducted an “Exporters Meet” for Exporters of the region recently at VIA Auditorium, Nagpur. Raghvendra Kumar, General Manager – FBD, BoI (HO), Mumbai addressed the participants via...
CA. Deepak Jethwani is the Chairperson of WICASA, ICAI Nagpur Branch for the year 2022 – 2023.
CA. Deepak Jethwani has recently been nominated as the Chairperson of a whole new team for the Nagpur Branch of Western Indian Chartered Accountants Students’ Association (WICASA) for the tenure of 2022-23. WICASA 2022 will work under the aegis of...
Rs 875 crore investment fraud, many big businessmen lost money, reveals ED probe
Nagpur: Following the arrest of Pankaj Nandlal Mehadia (45) by Economic Offences Wing (EOW) of Nagpur police in the Rs 8.16 crore investment fraud in last November, the Enforcement Directorate (ED) has started a probe on money laundering angle, according...
RBI hikes benchmark interest rates by 0.40 pc
The RBI's monetary policy committee has voted unanimously to increase the policy repo rates by 40 bps, to 4.40 pc, with immediate effect, RBI Governor Shaktikanta Das announced on Wednesday. The RBI governor added that the central bank had announced...
LIC mega IPO opens for subscription
LIC public offer, the country's biggest-ever IPO, on Wednesday opened for subscription for retail and institutional investors. The government aims to generate about Rs 21,000 crore by diluting its 3.5 per cent stake in the insurance behemoth. The LIC...
After two years of Covid slump,jewelry market finally buzz today on Akshaya Tritiya
15 thousand crores jewelry business happened in India today "After witnessing great slump due to Covid crisis for the last two years, the bullion market across the country was finally full of people and it was estimated that on Akshaya...
Financial markets to remain closed today
Domestic financial markets, including stock exchanges and forex market, will remain closed on Tuesday for...
Biggest land deal: Godrej buys 58 acre land at Nagpur’s Besa for Rs 227 cr
Nagpur: Billed as the biggest land deal in the history of Nagpur, the realty firm Godrej Properties has purchased 57.75 acres of land parcel at village Ghogli in Besa in Nagpur Rural Tehsil, for a record price of Rs 227.40...
LIC IPO on May 4, band price at Rs 902-949/share
Country's largest life insurer LIC on Wednesday set the price band at Rs 902-949 per share for its Rs 21,000 crore initial public offering (IPO), which will open on May 4. At the upper end of the price band...
