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Stock markets jump in early trade; Sensex gains 237 points, Nifty around 21,900 amid positive global cues

Stock markets: The benchmark equity indices opened on a positive note on Wednesday amid positive global cues. The 30-share BSE Sensex rebounded 237.36 points to 72,249.41 in early trade. Meanwhile, the Nifty climbed 74.25 points to 21,891.70.  From the Sensex basket, Maruti, Power Grid, Nestle,...

India’s total tax receipts likely to exceed Budget Estimate in FY24

According to government sources, the strong trend in direct tax and GST collections that is now in place is expected to continue, with the possibility of exceeding the Budget Estimate significantly in the fiscal year 2023–2024. These estimates, however, are based on preliminary assessments carried...

Sensex Jumps 367 Points On Firm Global Trends, snaps 2-day falling streak.

Benchmark equity indices Sensex and Nifty ended the day more than 5% higher, breaking a two-day losing run, thanks to buying in index heavyweights Tata Consultancy Services and Reliance Industries as well as stable global trends. The 30-share BSE Sensex increased by 367.47 points (0.56%)...

Mukesh Ambani might need a different playbook for Jio moment in AMC business.

In India's business community, Reliance Industries, owned by Mukesh Ambani, is perhaps the first company that comes to mind when the word "disruption" is used. After all, the conglomerate shook up the telecom industry in the previous decade through aggressive business strategies supported by...

Foxconn looking to set up 4-5 fab lines in India.

As per those with knowledge of the situation, global technology giant Foxconn has informed the government that it intends to establish at least four to five semiconductor fabrication lines in India. In a separate statement on Tuesday, Foxconn stated that it was "working towards submitting an...

Wadia Group Looking for Partners to Bid for Go First.

According to people with knowledge of the situation, Wadia Group, the former promoter of Go First, plans to make an offer for the airline that was the first in the nation to be placed voluntarily under bankruptcy protection. They said that the organization is in discussions...