Tutorials

The commerce ministry has sought a reduction in the import duty on gold in the forthcoming budget with a view to push exports and manufacturing of the gems and jewelry sector, sources said. In July this year, the center hiked gold import duty to 15 percent from 10.75 percent to check the current account deficit (CAD) and rising import of the yellow metal. The basic customs duty on gold is 12.5 percent. Along with the Read More

Mamaearth’s parent firm Honasa Consumer Ltd, co-founded by Shark Tank fame entrepreneur Ghazal Alagh, has filed DRHP for an IPO to raise up to about Rs 3,000 crore for existing selling shareholders and fresh issue, according to reports. Honasa Consumer is the owner and operator of personal care brands such as Mamaearth, BBlunt, and The Derma Co. Honasa’s IPO will consist of a fresh issue of shares worth about Rs 400 crore, according to the Read More

Domestic indices Nifty and Sensex are volatile in trade today as the indices shift between gains and losses intraday. Nifty trades 0.05% lower at 18,122, while Sensex is at 61,002, up by 0.1%. ICICI Bank, HDFC Bank, Titan, Tata Steel, and Reliance Industries are the most active Nifty 50 stocks intraday. Nifty 50 Gainers and LosersOn the NSE Nifty index, the top gainers are pharma stocks. Titan, Maruti, M&M, IndusInd Bank, and Power Grid are Read More

Indian benchmark indices have outperformed global equity markets, and a large contributor to Nifty and Sensex’s gains has been the Gautam Adani-led Adani Group. The multinational conglomerate’s primary arm Adani Enterprises gained 116% this year, more than doubling its investors’ wealth. On the other hand, the benchmark index Nifty 50 has only risen by 2.3% year-to-date. The rapid growth in Adani Group and its subsidiaries have led to a boost in chairman Gautam Adani’s wealth, Read More

Fund mobilization by companies through equity and debt routes has dropped 20 percent in 2022 to nearly Rs 11 lakh crore, as exuberance dwindled this year due to expensive credit avenues and volatile markets. The first half of 2023 could continue to remain challenging. The year 2021 was extraordinary for fundraising from the equity and debt routes, while 2022 has seen a slowdown in capital raising owing to elevated volatility provoked by unprecedented inflation globally Read More