Renault Kwid RXL 1.0 launched at ₹4.16 lakh
Renault India on Monday announced the launch of the Kwid RXL 1.0 variant at ₹4.16 lakh for the MT version and ₹4.48 lakh for the AMT version. With the launch of the new Kwid RXL 1.0, the company commemorates the sale of over 3.5 lakh units of Kwid. Even after years of its launch the Kwid continues […]
Flip-flop on import barriers
A power ministry order of Thursday stating equipment from prior reference countries need to take prior permission from the government transmogrified within a day into a complete import ban of equipment from China and Pakistan in the hands of Union power minister R.K. Singh. At a virtual interaction with his state counterparts on Friday, Singh […]
GST regime may undergo 2 major reforms this year
The Goods and Services Tax (GST) regime is expected to see two major reforms in its fourth year–rationalisation of tax rates based on prudence rather than political considerations, and further easing of compliance–people aware of the matter said. The people said three-slab GST rates instead of four could be considered–8%, 18%, and 28% in place […]
Rupee jumps 44 paise to 74.60 against US dollar in early trade
The rupee appreciated 44 paise to 74.60 against the US dollar in early trade on Friday tracking weakness in the greenback and gains in the domestic equity market amid optimism over potential Covid-19 vaccine. Forex traders said investors were bullish on emerging market assets following encouraging vaccine test results. Moreover, positive domestic equities, steady crude […]
Tesla drives past Toyota in market cap
Tesla Inc on Wednesday became the highest-valued automaker as its shares surged to record highs and the electric carmaker’s market capitalisation overtook that of former frontrunner Toyota Motors Corp. Tesla shares gained 5% in early morning trade to a record of $1,133, boosting the company’s market cap to $209.47 billion — roughly $6 billion more […]
Rupee rises 10 paise to 75.50 against US dollar in early trade
The rupee appreciated 10 paise to 75.50 against the US dollar in early trade on Thursday tracking weakness in the greenback and gains in the domestic equity market. Forex traders said positive domestic equities and weak US currency supported the local unit. Moreover, investor sentiment strengthened after Pfizer reported encouraging vaccine test results. The rupee […]
Rupee settles 9 paise lower at 75.60 against US dollar
The rupee on Wednesday settled 9 paise lower at 75.60 (provisional) against the US dollar as concerns over rising Covid-19 cases weighed on investor sentiment even as the domestic equity market was trading in the positive territory. At the interbank forex market, the rupee opened at 75.49 against the US dollar, but lost ground and […]
Gold heads for biggest quarterly gain since 2016 amid ongoing Covid-19 pandemic
Gold headed for the biggest quarterly advance since 2016 amid a surge in demand for haven assets due to the ongoing coronavirus outbreak, which shows no signs of abating. Bullion has been rising due to a resurgence in virus infections, with the World Health Organization warning that the worst of the pandemic is still to […]
Diesel at new high as prices hiked for 22nd time
Diesel price on Monday scaled a new high after prices were hiked for the 22nd time in just over three weeks, taking the cumulative increase to Rs 11.14 per litre. Petrol price was increased by 5 paise per litre and diesel 13 paise a litre across the country, according to a price notification of state […]
Over 90 pc of sellers back on platform, seeing huge traction in new sign-ups from MSMEs: Flipkart
Walmart-owned Flipkart on Saturday said it had enabled more than 90 per cent of its sellers to resume business on the platform since April. Also, the e-commerce major noted that it had seen a 125 per cent increase in new sellers signing up on the platform in comparison to its existing seller base for a […]
