NEW DELHI: State-owned Oil and Natural Gas Corporation (ONGC) on Thursday reported a 57.3% year-on-year jump in standalone net profit in the Sept quarter, driven by higher crude oil and natural gas realisations despite a decline in production. Profit stood at Rs 15,488.6 crore compared with Rs 9,847.9 crore in the year-ago period. Source link
MUMBAI: Mehli Mistry, former trustee of the Bai Hirabai Jamsetji Tata Navsari Charitable Institution, has contested Noel Tata’s qualification to sit on the same board under the trust’s century-old deed, raising questions about his faith, citizenship and residence.In a rejoinder filed before the Maharashtra Charity Commissioner on Thursday, Mistry sought directions requiring Noel to file…
US President Donald Trump MUMBAI: A global rally in stocks post Americans’ rebuke to Trump’s policies through the recent midterm polls lifted investor sentiment on Dalal Street on Thursday with the sensex closing 2,009 points or 2.6% higher at 79,310 points – the highest level in eight months.Since Wednesday, after US poll results started coming…
Several factors are working to drive the current rally, the most important one being expectations of relief on long term capital gains (LTCG) tax for investors. Indian equity markets recorded their sharpest single-day rise in seven months on Thursday, supported by a decline in oil prices following the Democrats’ sweeping victory in the US midterm…
The potential impact on market activity is another important consideration for doing away with LTCG. The State Bank of India (SBI) in its recent research report has listed ways in which the government can look at doing away with the long term capital gains (LTCG) tax without taking a major hit on its revenue collections.The…
The flood of talent returning to India is faced with a harsh reality. Salary figures in India are not as fat. US President Donald Trump’s immigration and visa crackdown, AI-led layoffs in the technology sector and rising uncertainty on H-1B visas and green card backlog is prompting a hoard of Indians to return.But, life is…
NEW DELHI: Bharti Airtel Thursday reported a profit of Rs 10,710 crore this Q2, up 24% from Rs 8,651 crore in same period last fiscal. Its consolidated revenue from operations rose 16.7% to Rs 60,878 crore compared to Rs 52,145 crore in the year-ago Q2. The leading telecom player’s share price closed 0.2% down at…
How Chinese siblings struck gold in the stock market A stock market debut has delivered a billion-dollar glow-up for a former elementary school teacher and his sister in China, turning them into billionaires after shares of their adhesive products company skyrocketed nearly eightfold on their first day of trading.Michael Mai, 62, who once taught at…
Tata Sons Chairman Chandrasekaran meets Italian PM Meloni after Iveco acquisition NEW DELHI: Tata Sons chairman N Chandrasekaran met Italian Prime Minister Giorgia Meloni at Palazzo Chigi in Rome, with the Indian conglomerate’s acquisition of Italian commercial vehicle maker Iveco Group featuring prominently in their discussions.The meeting comes as India and Italy look to deepen…
The tax officer noticed discrepancies while examining the insurance documents that the man submitted to support his explanation. (Image for representative purpose only) An insurance agent based in Rajasthan came under the Income Tax Department’s scrutiny for alleged unexplained cash deposits in his bank account. The agent claimed these were payments for premiums of policyholders.The…
