[ Bengaluru: India’s benchmark indexes fell on Thursday as financials weighed, dragged down by Kotak Mahindra Bank, while consumer stocks fell after an earnings miss from sector giant Hindustan Unilever. The NSE Nifty 50 was down 0.11% at 22,376.10 as of 9:58 a.m. IST, while the S&P BSE Sensex dropped 0.10% to 73,780.80. High-weightage financial … Read more
[ NEW DELHI: Shares of One97 Communications, the owner of Paytm, hit upper circuit on Monday as they surged by 5% in morning trade. The stock rose to Rs 358.55 and Rs 358.35 apiece on the BSE and NSE, respectively.Paytm’s recent deal with Axis bank for merchant payment settlements and RBI’s extension of deadline to … Read more
[ MUMBAI: The Income-tax Appellate Tribunal (ITAT), Mumbai bench, in the case of Comstar-Mauritius has upheld the exemption of long-term capital gains (available under Article 13 of the India-Mauritius tax treaty) on sale of equity shares of an Indian company, which were acquired prior to April 1, 2017. It has overturned a revisionary order passed … Read more
[ Jeff Bezos plans to sell as many as 50 million shares of Amazon.com Inc over the next 12 months, potentially cashing in on a stock surge that’s put him within reach of becoming the world’s richest person.The disclosure comes after Amazon reported its best online sales growth since early in the pandemic, sending its … Read more
[ New Delhi: Paytm founder and CEO Vijay Shekhar Sharma Thursday termed the impact of Reserve Bank of India (RBI) curbs on Paytm Payments Bank Ltd (PPBL) a “big speed bump” for the company, but said it is something that it will be able to see through in the “next few days or quarters”. Speaking … Read more
[ Zee Entertainment share price today: Shares of Zee Entertainment witnessed a significant 28.18% decline on Tuesday, reaching the lower circuit at Rs 166.45 on the BSE. This drop came in the wake of brokerages downgrading the media stock, reacting to the abrupt end of the prolonged drama surrounding the expected $10-billion merger with Sony.As … Read more
[ NEW DELHI: Japanese conglomerate SoftBank has sold shares worth USD 310 million in omnichannel retailer FirstCry, which is likely to file a draft paper for IPO this week, sources said on Monday. “SoftBank recently sold shares worth Rs 630 crore in FirstCry. It was picked up by a few high net worth individuals. With … Read more
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