Business

11

Feb

By The Press Editor

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Business

Sensex falls 100 points, Nifty below 23,400 – India TV

Image Source : PTI REPESENTATIVE IMAGE Benchmark indices Sensex and Nifty opened lower on Tuesday, extending their losing streak for the fifth consecutive session as foreign fund outflows and fresh US tariffs fueled concerns of a trade war. The 30-share BSE Sensex fell by 201.06 points to 77,110.74 in early trade, while the NSE Nifty dropped 79.55 points to 23,302.05. Key losers and gainers Among the Sensex constituents, Power Grid, Zomato, Tata Motors, UltraTech Cement, Bajaj Finserv, Sun Pharma, Kotak Mahindra Bank, and Tata Steel were the biggest laggards. On the other hand, Infosys, HCL Tech, Maruti, and ITC managed…

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11

Feb

By The Press Editor

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Business

Indian Railways: Senior citizens can get a confirmed lower berth seat

Image Source : PTI/FILE PHOTO REPRESENTATIVE IMAGE In Indian Railways, rules related to special reservation have been implemented for the comfort of senior citizens. These rules are specifically for men above 60 years and women above 45 years traveling alone or with one companion. However, if they are traveling in a group of more than two people, then getting a lower berth reservation becomes difficult. If only upper or middle berths are available, then railway authorities may allocate lower berths if seats become vacant. Indian Railways takes special efforts to accommodate senior citizens during the festive season by increasing the…

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11

Feb

By The Press Editor

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Business

Sitharaman in Lok Sabha – India TV

Image Source : ANI/X Finance Minister Nirmala Sitharaman Parliament Session: Finance Minister Nirmala Sitharaman on Tuesday said that the Indian economy is experiencing a "speedy rebound" from the 5.4 per cent growth recorded in the second quarter of the current fiscal. She added that the government will take necessary measures to ensure India remains the world's fastest-growing economy.  While responding to discussions on the Union Budget for 2025-26 in the Lok Sabha, the Finance Minister said that the Budget focuses on increasing liquidity in people's hands while ensuring fiscal prudence. She highlighted that 99 per cent of the borrowing in FY26…

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11

Feb

By The Press Editor

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Business

Banks to remain shut in these states for Ravidas Jayanti, check full list – India TV

Image Source : FILE Banks to remain shut in these states for Ravidas Jayanti. Along with schools and government offices, banks will also remain shut in several states on February 13 for Sant Ravidas Jayanti. The states where banks will remain shut include Delhi, Himachal Pradesh, and Haryana. Bank customers in these statesd are advised to plan their banking activities either before or after this date due to the closure. The bank customers must note that the banks are closed on all national and local festivals, anniversaries, Sundays, second Saturdays and fourth Saturdays of every month. However, the bank branches…

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11

Feb

By The Press Editor

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Business

How New Income Tax Bill to help taxpayers – India TV

Image Source : PTI Nirmala Sitharaman As the New Income Tax Bill is likely to be introduced by Finance Minister Nirmala Sitharaman anytime this week, there are specualtions about the contents of the new bill and its potential positive impact on taxpayers. Various tax experts think that the new income tax bill is likely to bring a siginificant change in India’s taxation system by focusing on simplification and modernisation rather than introducing new taxes. Even as the details are yet to be made public, the bill is expected to reduce legal complexities, streamline compliance, and make tax laws more accessible to taxpayers.…

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11

Feb

By The Press Editor

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Business

SBI Chairman reveals when banks may reduce deposit rates – India TV

Image Source : PTI/FILE PHOTO RBI Governor Sanjay Malhotra at the RBI headquarters The Reserve Bank of India (RBI) cut the policy repo rate by 25 basis points last week and set it to 6.25 per cent from its current level of 6.5 per cent. People are now eagerly waiting to see how the banks will react with changes in lending and deposit rates. State Bank of India Chairman CS Setty has confirmed that the bank will revise its lending rates linked to the external benchmark lending rate or EBLR this month itself. Speaking to Business Standard, Setty said, "We…

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11

Feb

By The Press Editor

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Business

Can Centre impose service tax on lottery distributors? Supreme Court clarifies – India TV

Image Source : PTI Supreme Court of India In a landmark order, the Supreme Court on Tuesday said the lottery distributors are not liable to pay service tax to the Centre. The lottery distributors are not liable to pay service tax to the Union government, the apex court held while dismissing an appeal of the Centre on the issue. The clarification by the top court comes after the Centre moved the Supreme Court against the Sikkim High Court judgement. A bench comprising Justices BV Nagarathna and NK Singh did not agree to the appeal of the Centre against the High…

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11

Feb

By The Press Editor

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Business

What is right time to invest in yellow metal – India TV

Image Source : FILE PHOTO Representative Image The MCX Gold price plunged 0.11 per cent to Rs 85,722 during the early trading session on Tuesday after reaching a record high on Monday over concerns about US President Trump's aggressive 25 per cent tariff policy. In terms of price, the Gold MCX saw a decline of Rs 31. Meanwhile, the price of Silver fell by 0.90 per cent or Rs 861 and stood at Rs 94,434 per kg.  Earlier on Monday, Gold prices zoomed by Rs 2,430 to hit a lifetime high of Rs 88,500 per 10 grams in the national capital on Monday…

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10

Feb

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Business

Cochin Shipyard dividend 2025: Defence PSU stock to trade ex-date soon

Image Source : COCHINSHIPYARD.IN The miniratna company has announced second interim dividend. Cochin Shipyard dividend 2025: Shares of defence public sector undertaking (PSU) Cochin Shipyard will trade ex-date soon for an interim dividend for the financial year ending March 31, 2025. The company has announced the record date, ex-date and details related to the payment of the dividend. Cochin Shipyard dividend 2025: Dividend amount The miniratna company has announced an interim dividend of Rs 3.50 per equity share of Rs 5. This is the second interim dividend by the company for the financial year 2024-25. "Declared 02nd interim dividend of…

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10

Feb

By The Press Editor

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Business

Delhi, Mumbai, Bengaluru among top 15 global cities in luxury home price rise as per Global Luxury Market Rankings – India TV

Image Source : FILE The image has been used for representative purposes only. A latest report revealed that New Delhi is placed at the sixth position among 44 global cities in terms of luxury home price appreciation, according to Knight Frank's 'Prime Global Cities Index Q4 2024' report. The national capital witnessed an average price increase of 6.7% in the luxury housing segment during the December 2024 quarter. Knight Frank, a leading real estate consultancy firm, released the report on Monday.  The Prime Global Cities Index is a valuation-based index that tracks the movement of prime residential prices across 44…

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