Business

August 3, 2024 6:40 PM

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Market Ends Eight-Week Gaining Streak Amid Global Trends and Weak Economic Data

The market snapped the eight week gaining streak after Friday's correction erased the weekly gains, following world equity markets trend amid weak economic data. However, during the week, the benchmarks recorded a fresh all-time high after the Fed Chair indicated possible rate cut at the September m...

August 2, 2024 8:11 PM

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Indian Rupee Slides to 83.75 as Local Stocks Decline

The Indian rupee slipped today as local stocks declined, tracking a global equity sell-off caused by concerns of a slowdown in the United States. The rupee depreciated 0.04 per cent to close at 83.75 against the U.S. dollar. The dollar index, which indicates its strength against a basket of six othe...

August 2, 2024 6:03 PM

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Record 7.28 Crore ITRs Filed for 2024-25 by July 31

A record 7.28 crore income tax returns (ITRs) have been filed for 2024-25 till 31st July. The Finance Ministry said in a statement that this is 7.5 per cent more than the total ITRs for 2023-24 filed till 31st July 2023. An increasing number of taxpayers have opted for the New Tax Regime this year. ...

August 2, 2024 2:18 PM

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Sensex, Nifty plunge nearly 1% in early trading due to a broad selloff

Equity benchmark indices, the Nifty50 and Sensex opened lower today, tracking weak global cues. Both domestic indices plunged nearly 1% in early trading due to a broad selloff. Sensex, the pack of 30 companies were trading 678 points or 0.83 per cent down at 81,190 while Nifty 50 was down 215 points...

August 2, 2024 12:18 PM

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Rupee turns flat at Rs 83.73 against dollar amid weak equity markets

The Rupee turned flat at 83 rupees 73 paise against the US currency amid weak equity markets and an upward movement in crude oil prices overseas. At the interbank currency exchange, the domestic currency opened at 83 rupees 74 paise and inched up to trade at 83 rupees 73 paise against the dollar, th...

August 2, 2024 9:15 AM

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GST collection surges by 10.3 per cent to over Rs 1.82 lakh crore in July

The Goods and Services Tax - GST revenue has increased by 10.3 per cent to over 1 lakh 82 thousand crore rupees last month, the third-highest collection overall. According to the data released by the Ministry of Finance, the net Goods and Services Tax (GST) collection after adjusting refunds was aro...

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