News Overview

On 29 January 2022

The private sector banks net profit jumped 76.8% to Rs 266.43 crore in Q3 FY22 from Rs 150.71 crore posted in Q3 FY21.

We urge the government to reduce GST on EV purchases and rentals from 5% to 2%, Akash Gupta, Co-founder and CEO, Zypp Electric says.

Oil and Gas stocks were trading in green, with the S&P BSE Oil&Gas index increasing 3.3 points or 0.02% at 18580.89 at 09:51 IST.

Banking stocks were trading with gains, with the S&P BSE BANKEX index increasing 52.35 points or 0.12% at 42992.65 at 09:51 IST.

Currently, customs duty on imported goods are still outside the purview of GST and that is charged separately.

Investors await major corporate earnings after Reliance Industries and ICICI Bank announced their Q3 financial performance.

Banking and financial stocks will be in focus ahead of Axis Bank and HDFC AMC results today.

The former Chief Economic Advisor shared his insights at the webinar on the expectations from the upcoming Union Budget 2022.

The Company had taken approval from shareholders at Annual General Meeting dated December 24, 2020 for disposal of substantial undertaking of the Company.