Stock market today: BSE Sensex and Nifty50, Indian benchmark equity indices, opened in green on Wednesday. BSE Sensex surged over 250 points and Nifty50 was above 22,650. At 9:20 AM, BSE Sensex was trading at 74,824.42, up 141 points or 0.19%. Nifty50 was at 22,681.30, up 39 points or 0.17%.Equity markets opened at fresh highs…
BENGALURU: The appointment of non-Indian CEOs at Indian IT companies has presented a curious case of cultural misalignment, as evidenced by the departures of former Wipro CEO Thierry Delaporte and former Cognizant CEO Brian Humphries.Both leaders faced challenges in blending into the cultural fabric of their respective firms. Both CEOs were based in Europe –…
MUMBAI: Instagram reels are not all that keep Gen Z glued to their phones. With a deluge of user-friendly investment apps and move towards a mobile-first approach, a section of the Gen Z cohort (aged 12-24) have taken to investing like a fish to water.Take, for instance, Madhur Katta. The 22-year-old investor from Jaipur initially…
MUMBAI: A little over 38 years after it was launched with a base of just 100 points, BSE sensex, the most watched stock market bellwether in India, crossed the 75,000-point mark on Tuesday, signifying past successes of Indian economy and the market, and raising hopes for more wealth creation in the years ahead.On Tuesday, sensex…
MUMBAI: An army of retail investors has found a strong footing on Dalal Street over the last decade thanks to a bullish market and a pandemic-driven digital push. In April 2015, India had just over 2 crore individual demat accounts – the actual number of investors would have been even less as one person can…
Airfares surge! Travellers preparing to take domestic flights this summer will need to budget more as airfares have spiked by 20-25 per cent due to Vistara flight cancellations and high air travel demand. Industry experts have noted that the airline sector is facing challenges in meeting the surge in demand, leading to the use of…
NEW DELHI: Paytm Payments Bank’s managing director and CEO Surinder Chawla resigned from the company, as per a regulatory filing on Tuesday. Chawla’s resignation coincides with Paytm Payments Bank facing regulatory action from the RBI.In a regulatory filing, Paytm’s brand owner One97 Communications said, “Surinder Chawla, Managing Director and CEO of PPBL has tendered his…
Gold rate today: Gold prices reached a new all-time high of Rs 71,150 per 10 grams on the MCX on Tuesday, following international price trends. By 10 AM, June gold futures were trading at Rs 71,130, up by Rs 218 or 0.31% from Monday’s close.According to ET, simultaneously, the May silver contract experienced a slight…
India’s local manufacturing of electronics is expanding every year, with a significant decrease in imports of key components such as mechanics, vibrator motors, charger adapters, and plastic parts. According to commerce ministry data, imports of fully assembled electronics like smartphones dropped by 40% in the period from April to January FY 2023-24.The growth in local…
HRA claims relief: The Central Board of Direct Taxes (CBDT) has clarified that there is no special drive to reopen cases related to House Rent Allowance (HRA) claims. The income tax department stated that there is no ongoing special drive to review mismatch cases. Concerns have emerged about potential retrospective taxation and reopening cases related…
