Shares of Bharat Electronics soared 6.2% in opening deals on Monday to hit a fresh 52-week high of ₹260.80 apiece on the National Stock Exchange. The company's June quarter (Q1FY23) performance surpassed expectations, earning the stock a thumbs up from investors. Read more
Gold price today: Yellow metal jumps as dollar dips ahead of ECB meeting
Amid buzz of European Central Bank (ECB) raising interest rate up to 75 bps in its monetary policy meeting scheduled on 21st July 2022, dollar index eased a bit in early morning session on Monday. This ease in dollar price led to steep rise in gold price in domestic and spot market. Read more
Maruti Suzuki launches facelift mini- SUV S-Presso
Maruti Suzuki today announced the launch of the new S-Presso with Next Gen K-Series 1.0L Dual Jet, Dual VVT engine with Idle-Start-Stop technology. The New S-Presso offers enhanced fuel-efficiency of 25.30 Km/l in Vxi(O)/Vxi+(O) AGS, 24.76 km/l in Vxi/Vxi+ MT and 24.12 km/l in Std/Lxi MT. Read more
Rupee gains against dollar ahead of ECB meeting
Indian National Rupee (INR) gained 6 paise against the US dollar (USD) and ascended to 79.76 levels on Monday. At the interbank foreign exchange, the Indian rupee opened at 79.76 against the US dollar, logging 6 paise gain over the last close. In early morning session today, Indian currency witnessed a high of 79.72 and low of 79.81 against the US currency. Read more
HDFC Bank shares near day's low after Q1 earnings. Should you buy it?
HDFC Bank shares witnessed selling pressure on Monday as investors reacted to the lender's earnings for the quarter ending June 30, 2022 (Q1FY23). Currently, the bank's shares are trading near the day's low on exchanges and have lost more than ₹10,600 crore of market valuation. Read more
Sensex surges 500 points, Nifty above 16,200
Sensex and Nifty off to a positive start following a healthy start in Asian markets. Read more
Mint Morning Digest
New GST rates from today: Know what gets cheaper and dearer. Full list
Customers will have to pay more on certain products and services from today as a series of decisions by the GST Council takes effect. Certain items are set to attract Goods and Services Tax (GST) while the tax outgo on certain things are set to come down as a series of decisions by the GST Council takes effect. Read more
Ukraine conflict, inflation worry Indian households
With fears around the covid-pandemic waning, Indian households are now reporting growing concerns around the conflict in Ukraine, the state of the economy and unprecedented high inflation, according to Kantar’s Global Issues Barometer survey. Read more
How to find out if a digital lending platform is fake
Here are a few measures that users can take to ensure that they are transacting with a genuine digital lender. Read more
Tax breaks that you will forgo on failing to file ITR on time
The due date to file income tax returns (ITR) for the assessment year 2022-’23 (financial year 2021-’22) is 31 July. This deadline is for individual taxpayers who do not need to get their accounts audited. Missing the deadline not only attracts penalty, but you will also have to forgo certain tax breaks when you file belated returns. Read more
HDFC Bank to mull units listing only after merger
HDFC Bank Ltd will consider public listings of its brokerage and non-banking financial company (NBFC) units only after the completion of a merger with parent HDFC Ltd, said the bank’s managing director and chief executive, Sashidhar Jagdishan. Read more
Govt to table 24 bills in monsoon session
The government will introduce 24 bills in the hectic month-long monsoon session of Parliament starting on Monday, seeking to reform the Insolvency and Bankruptcy Code (IBC), the Competition Act, mining regulations, and the special economic zones regime. Read more
Plan to move imported coal power plants to Indian fuel
The Centre is planning to provide domestic coal linkages to all imported coal-based power plants and run them largely on domestic fuel in order to prevent global supply shocks from disrupting power generation, said two officials aware of the developments. Read more
