Rupee gains 10 paise to 72.77 against U.S. dollar in early trade
The government has notified a hike in the tax exemption limit for leave encashment benefits received by salaried employees at the time of retirement from ₹3 lakh to ₹25 lakh, as promised in the Union Budget.
The rupee fell 7 paise to close at 82.75 against the U.S. dollar on May 25.
Equity benchmark indices bounced back from intra-day lows to settle in positive territory on May 25
New figures show the German economy suffered an unexpected dip in the first quarter of this year, putting the country formally into recession
India’s market regulator has asked all foreign funds investing in the country to identify their parent financial institution to help unravel opaque ownership structures, according to a letter seen by Reuters.
Insurance behemoth LIC on Wednesday posted a more than five-fold jump in consolidated net profit to ₹13,191 crore for the fourth quarter ended March 2023.
Reserve Bank of India Governor Shaktikanta Das asserted on Wednesday that there will be no disruption to the economy owing to the ₹2000 currency note’s withdrawal, and said high denomination currencies lingering in the economy can create “collateral issues”.
Tamilnadu Petroproducts Ltd., (TPL) reported a 58% contraction in its stand alone net profit over the year earlier period to ₹10 crore on account of escalating input costs and global uncertainty.
The rupee appreciated by 15 paise to 82.70 against the U.S. dollar on Wednesday, supported by foreign capital inflows.