BUSINESS
Markets Receive a Booster Dose Following IT Results Announcement
Out of the five sessions, markets recorded gains on four, concluding the week on a positive note. Despite substantial losses on the opening day, the net gains were somewhat tempered compared to the remarkable surge witnessed on Friday.
Bitcoin Price Takes a Nosedive to Around $42K as Spot ETF Trading Commences
Bitcoin had witnessed a substantial 80% rally since early October, but the recent drop raised questions about the sustainability of its upward momentum. The market dynamics and the anticipation surrounding ETFs showed signs of cooling down, according to Crypto research firm Swissblock.
Market Trends in the Upcoming Week to Be Influenced by Q3 Results
The earlier enthusiasm surrounding potential early rate cuts by the US Federal Reserve has waned due to higher-than-expected US inflation and positive job data. This shift has tempered global market sentiments, introducing a note of caution.
Piyush Goyal Affirms: No Plans to Lift Export Curbs on Wheat, Rice, Sugar
Addressing reporters, Goyal stated, "There is no proposal as of now to remove export restrictions on wheat, rice, and sugar. And India will not import wheat and sugar."
India Urges the U.S. to Reinstate GSP Status for Duty-Free Exports
In a joint statement issued after the meeting, Commerce Minister Goyal reiterated India's interest in regaining its beneficiary status under the GSP program. Ambassador Tai acknowledged the possibility of considering this restoration, contingent upon the eligibility criteria defined by the US Congress.
January Witnesses Slowed FPI Inflows: A Market Analysis
Based on data from the National Securities Depository Limited (NSDL), the total FPI investment through stock exchanges as of January 13 stands at Rs 2,743 crores, as conveyed by Vijayakumar.
LIC Secures Income Tax Refund of Rs 25,464 on Interim Bonus
This refund is a resolution to the ongoing dispute between the Income Tax Department and LIC concerning the allowance of interim bonuses paid to policyholders by the corporation as deductible expenditure.
Government Takes Action Against Indian Company and Individuals for Undisclosed Links with Chinese Group
Metec Electronics Pvt Ltd had presented itself as an independent entity with shareholdings held by foreign nationals Chen Feiyan and Yang Wen, alongside an Indian national.
Civil Aviation Sector on Upswing, 75 Airports Built in the Last 10 Years: Scindia
Scindia noted the transformation in the aviation landscape, shifting from past narratives of airline closures in India to the establishment of new carriers, demonstrating the changing dynamics of the industry.
US Raises Concerns Over India's New Import Requirements for Computers and Laptops in Trade Policy Forum Meeting
Minister Goyal explained that the measures were implemented due to national security concerns.
Don't Miss
Advertisement