In the upcoming Union Budget, the gems and jewellery sector has urged the government for a reduction in goods and services tax (GST) to 1 per cent on revenue equivalence ratio to ease the cost burden on the industry.
At close, the Sensex was up 234.12 points or 0.30% at 78,199.11, and the Nifty was up 91.85 points or 0.39% at 23,707.90.
The Reserve Bank of India (RBI) has mandated all lenders to update credit bureau records every 15 days, effective January 1, 2025.
The rating agency said banks' rapid improvement in financial metrics seen over financial years 2021 to 2024 is likely to have peaked and will see an inflexion point in 2024-25.
The ministry expected an uptick in agricultural and industrial activity, along with resilient rural demand in the second half to keep India on a growth path towards achieving 6.4-6.8 per cent expansion by the end of the financial year.
Gold prices remain unchanged on Tuesday, 13th September. 10 gram of 22 carat gold would cost you today Rs 46,730 and 10 gram of 24 carat gold would cost you today Rs 51,550.
Prior to last Thursday, the benchmark indices - Sensex and Nifty - fell for two sessions on the likelihood of aggressive rate hikes in the US to fight inflation as indicated by the US Federal Reserve.
Animal rights activists on Friday cheered a move by a shipping giant to alter course in Sri Lankan waters to avoid collisions with blue whales, the world’s largest mammals
At the same time, Russian exports to the EU are now down roughly 60 per cent compared to June 2021 and further downward escalation is a reality. Notably, 90 per cent of the gas consumed in the region is imported.
The 28th APEC Small and Medium Enterprises Ministerial Meeting was held in Phuket under the theme of "Inclusive Recovery of APEC MSMEs through the Bio-Circular-Green (BCG) Economy Model and High Impact Ecosystem.
