Motherson Sumi Wiring Shares Rally 13% Following Strong Q2 Results
Shares of Motherson Sumi Wiring India Ltd surged on the BSE after the company reported a 35% year-on-year rise in net profit for the second quarter.
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Wall Street braces for volatile week as elections, earnings and jobs data loom
Investors prepare for a critical week in the US markets, balancing midterm election outcomes, upcoming quarterly earnings, and key employment data amid concerns over AI infrastructure spending.
Sensex and Nifty Surge as Indian Equities Rally Amid Strong Earnings and Cooling Oil Prices
Indian stock markets experienced a sharp rebound as heavyweights like Reliance Industries posted strong earnings, while cooling crude prices and renewed foreign interest lifted sentiment.
India on Track to Hit FY27 Fiscal Deficit Target, Goldman Sachs Report Says
Despite spending pressures, India is likely to meet its 4.3% fiscal deficit target for FY27 as robust corporate tax collections bolster government finances.
Oil Prices Dip Amid Ongoing Iran Diplomacy Talks
Global oil markets witnessed a decline as diplomatic efforts to address the conflict involving Iran continue between Iranian and Qatari officials.
GST Collections Hit Record Rs 2.3 Lakh Crore in October
India’s GST collections saw a 22.9% year-on-year surge in October, reaching Rs 2.3 lakh crore, driven by robust festive demand and improved tax compliance.
OPEC+ Maintains Oil Production Targets Amid Middle East Instability
The alliance of oil-producing nations has extended its current output policy through December as the ongoing Iran war continues to complicate regional exports.
Binance Resumes Bitcoin Withdrawals After Massive $6.3 Billion Cyberattack
Cryptocurrency exchange Binance has resumed withdrawals for several major tokens after replacing 95% of assets stolen in a $6.3 billion security breach.
Government Adjusts Windfall Tax Rates on Diesel and Aviation Fuel Exports
The Union government has revised the special additional excise duty on petroleum exports, raising levies on diesel and jet fuel while eliminating the tax on petrol.
Government Removes Petrol Export Duty, Increases Levies on Diesel and ATF
The Union Finance Ministry has adjusted special additional excise duties on fuel exports, eliminating the tax on petrol while increasing charges for diesel and aviation turbine fuel.
