The hospitality sector should be given the status of an industry in the upcoming Union Budget to accelarate growth, senior executives from the sector told LiveMint. The sector has made “substantial contributions” to the nation’s gross domestic product (GDP), is labour and capital intensive, and brings in foreign exchange revenues, they pointed out. “The industry’s…
Movies and documentaries may offer entertainment value and occasional historical insight into investing. However, it’s crucial to recognize that they frequently present a fictionalized depiction of the financial realm. Nevertheless, it’s undeniable that there is much to learn from them. Take, for instance, the movie “The Wolf of Wall Street,” which glamorizes high-risk and unethical…
Electric two-wheeler company Ola Electric Mobility’s proposed ₹5,500 crore IPO has received the go-ahead from Sebi, paving the way for the company to tap the market with a significant part of the proceeds to be used on capacity expansion of its cell manufacturing plant and revving up R&D. Ola Electric as well as Bain Capital-backed Emcure Pharmaceuticals…
Image used for representative purpose only. | Photo Credit: Levin Raju The government on June 21 imposed stock limits on tur and chana dals till September this year to check hoardings and control prices. The Centre has issued an order imposing stock limits, which will be applicable to wholesalers, retailers, big chain retailers, millers and…
Gold prices rallied by ₹831 to ₹74,222 per 10 grams on a firm trend globally over the weekend on fear of renewed tension between Iran and Israel after Iran’s President helicopter crash. This apart, the recent fall in the US inflation rate has raised expectations of a cut in the US interest rate sooner rather…
Divine Power Energy Ltd (DPEL) on Tuesday made a bumper listing following blockbuster IPO on NSE-Emerge platform. As against the IPO price of ₹40, the stock listed at ₹155, a premium of 288 per cent over the IPO price. After hitting a high of ₹162.75 and a ₹147.25, the stock is currently ruling at ₹154.90. Last week,…
The interim budget has proposed a one-year extension of the timeline for startups, sovereign funds and certain businesses in Gujarat International Finance Tec-City (GIFT-City) to claim tax breaks. However, a similar extension has not been given to new manufacturing companies. “Certain tax benefits to startups and investments made by sovereign wealth or pension funds as…
Kalki 2898 AD released in theatres in India on June 27, 2024 to a rousing reception. The movie has a stellar cast that includes Prabhas, Deepika Padukone, Amitabh Bachchan and Saswata Chatterjee. The film’s box office collection was a whopping ₹95.3 crore on day 1 but dropped significantly on day 2. Utopian Shambala protected by…
Image used for representational purposes only. | Photo Credit: Reuters The rupee recovered from previous day’s steep fall and traded 3 paise higher at 83.58 against the U.S. dollar in early trade on Friday on the back of sustained inflow of foreign capital and strong domestic equity market sentiment. Forex traders said the local unit…
Union Finance Minister Nirmala Sitharaman chairs the pre-Budget meeting with Finance Ministers of all States and Union Territories in New Delhi on June 22, 2024. | Photo Credit: PTI Union Finance Minister Nirmala Sitharaman chaired a pre-budget meeting with Finance Ministers of all States and Union Territories on June 22 to take suggestions for the…
