BUSINESS

Sensex ends 64 pts down; Nifty inches up to 14,634

6:13 pm May 3, 2021

Mumbai: Market benchmark Sensex staged a smart recovery from the day’s low to end with marginal losses on Monday amid a negative trend in global equities. After plunging over 750 points in early trade, the 30-share BSE index made a U-turn to finish 63.84 points or 0.13 per cent lower at 48,718.52. In similar movement, […]

GST Council leaves tax rate on vaccines unchanged

GST revenue hits all-time high of Rs 1.41 lakh cr in April

3:36 pm May 1, 2021

New Delhi: GST collections in April touched a record high of over Rs 1.41 lakh crore, indicating sustained economic recovery, the Finance Ministry said on Saturday. The revenues for the month of April 2021 are 14 per cent higher than Rs 1.23 lakh crore collected in March. During the month, the revenues from domestic transaction […]

NYSE: Stocks turn choppy as investors weigh earnings, recovery

10:50 pm April 29, 2021

New York: Stocks wobbled between small gains and losses in afternoon trading as investors continued to digest corporate earnings reports and the latest economic data. A report showing that the U.S. economy grew sharply in the first quarter is among the latest data pointing to an diminishing impact from the pandemic. Other upbeat reports included […]

CMS holds Global Interfaith Convention to promote communal harmony

US recovery from pandemic recession is showing momentum

10:35 pm April 29, 2021

WASHINGTON: Powered by consumers and fueled by government aid, the U.S. economy is achieving a remarkably fast recovery from the recession that ripped through the nation last year on the heels of the coronavirus and cost tens of millions of Americans their jobs and businesses. The economy grew last quarter at a vigorous 6.4% annual […]

Daimler Truck, Volvo to make fuel cells in Europe from 2025

7:10 pm April 29, 2021

Frankfurt: Germany’s Daimler Truck AG and Sweden’s Volvo Group say they plan to jointly manufacture hydrogen fuel cells for trucks in Europe starting in 2025 and called on European Union policymakers to boost incentives for climate-neutral technologies. The companies said Thursday their fuel cell joint venture, cellcentric, is carrying out preparatory work at a facility […]