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Sensex, Nifty bounce back sharply in early trade amid rise in Asian markets

The 30-share BSE Sensex jumped 1,092.68 points to 79,852.08 in early trade. The NSE Nifty surged 327 points to 24,382.60.

Ola Electric

Valued at ₹6,146 crore, Ola Electric to launch largest IPO of year

The IPO bidding will take place at a price range of ₹72-76 per share. The firm's estimated valuation at the upper end of the pricing band is $4 billion, which is less than the $7-8 billion valuation it was aiming for a few months ago.

Colgate Palmolive (India)

Colgate-Palmolive receives over ₹200 crore tax notice

On July 26, 2024, the Colgate Palmolive (India) received a final assessment order from the IT Authority for the assessment year (AY) 2020-21, carrying a demand amounting to ₹248.74 crore.

EV

Indian EV car owners unhappy, want to go back to fuel vehicles: Survey

A majority of EV car owners want to go back to using petrol or diesel vehicles, according to a survey from Park+, which provides parking solutions in residential and commercial complexes in Indian cities.

tax clearance certificate

Tax clearance certificate to go abroad: Not applicable to everyone, govt clarifies

The Ministry of Finance has said in the Budget that Indians going abroad must get a tax clearance certificate from the Income Tax department. The proposal caused an outrage on social media, following which the ministry has clarified that the rule only applies to those accused of financial irregularities.

Reference picture

Cut in gold customs duty wipes out over ₹10 lakh crore from Indian market

The single-day wipeout, following the announcement in the Union Budget, is being touted as the sixth-largest wealth depreciation ever observed across the world.

FM Nirmala Sitharaman

FM Nirmala Sitharaman says job schemes introduced in the budget not a mandate, just a nudge to companies

Three employment-linked schemes were announced in the union budget as part of the Prime Minister’s package. These schemes will be based on enrollment in Employees' Provident Fund Organization (EPFO), focus on recognition of first-time employees, and support to employees and employers.

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