Business News

The S&P BSE Sensex ended 236.57 points higher at 83,184.80, while the NSE Nifty50 settled 38.25 points higher at 25,415.80. Both the indices had hit fresh all-time highs in early trade.

The new tax framework aims to replace the current 1961 act, simplifying the tax process for individuals and businesses.

The expansion is part of Firstsource's strategy to improve its business margins while continuing to create jobs in India. For every position created in Australia, the company plans to create three jobs in India.

Public Sector Undertaking (PSU) stocks, particularly in sectors such as defence, railways, and non-banking financial companies (NBFCs), have been hit hard.

Will the US Fed's rate cut boost opportunities on Dalal Street? Check these expert strategies to realign your portfolio.

PSU stocks fell even as India's benchmark indices, Sensex and Nifty, rose on the back of higher-than-expected interest rate cuts by the US Federal Reserve.

This latest round of layoffs follows a previous cut in February when Cisco let go of about 4,000 employees.

This is the first time the Fed has reduced rates since 2020, and it has been done to address slowing economic growth and easing inflation in the US.

The S&P BSE Sensex was up 758.7 points at 83,706.93 at 9:41 am, while the NSE Nifty50 gained 215.40 points to trade at 25,592.95. 

Markets are widely expecting a 25-basis-point cut in the key interest rate, marking the first reduction in four years.

Tupperware Brands and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday. The company, widely known for its food storage containers, has been struggling with falling sales in recent years.

NPS Vatsalya enables parents or guardians to open a pension account for minors and contribute as little as Rs 1,000 annually, making it accessible to families from various economic backgrounds.

The S&P BSE Sensex closed 131.43 points down at 82,948.23, whille the NSE Nifty50 lost 41 points to end at 25,377.55. 

The sharp uptick in Reliance Infra's share price followed the company's announcement of a significant reduction in its standalone external debt, from Rs 3,831 crore to Rs 475 crore.

Before today, the last time Paytm traded above Rs 700 was in late January, closing at Rs 761.