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IMF contributed an additional $17.7 billion to the reserves.

TDS of 1% on cryptocurrency transfers is expected to be into effect from July 1. Depending on the type of transaction, the buyer, crypto exchanges, and brokers will each be responsible for withholding this tax, according to CBDT.

There were a few Indian corporations whose bonds fell as the rupee fell to a record low last week, including Tata Motors, which owns Jaguar, and mining behemoth Vedanta Resources Ltd.

News reports suggest that the Tata Group and Bain Capital are evaluating the $1-1.5 billion buyout opportunity.

According to the brokerage, the potential return is 50% in the base scenario and 64% in the bull case.

ICRA has revised the long-term rating outlook to stable, citing sustained debt reduction, improved financial performance in key segments, adequate capitalization, and an improved outlook for the real estate sector.

The key equity indices continued to trade with major gains in the morning trade. Positive global cues boosted the sentiment. The Nifty was hovering below the 15,900 level. Metals and IT stocks were in demand. At 10:25 IST, the barometer index, the S&P BSE Sensex, rose 593.92 points or 1.13% to 53,321.90. The Nifty 50 index gained 184.30 points or 1.17% to 15,883.55. In the […]

If Brent holds ~US$110/bbl, upstream companies will see ~90% YoY growth in FY23 estimated Profit After Tax (PAT), while downstream will likely report significant losses, given under-recovery on auto fuels.

Check out the possible benefits of creating the ONDC network, according to Piyush Goyal

Last year, Zomato acquired a 10% stake in Blinkit for an aggregate amount of about $100 million.