BUSINESS
Brent may test $78-$80 levels, support at $68-$70 levels: Emkay
But the rise may be, to a certain extent, limited by the strength in the US Dollar against other currency majors, the study added. One major factor that dominated oil markets is the possibility of a nuclear deal between the US and Iran, and also better relations between the two countries, based on the reported talks between the two parties.
Sensex may touch 58,500-level by March 2022, Indian equity market showing 'unbreakable nature': Julius Baer
Julius Baer’s MD and Head (research) Mark Matthews emphasised the strong nature of the Indian market and said that company earnings would ultimately drive the share price at the market. Domestic Indian index, Nifty and Sensex have been touching new highs even after the second wave of covid, showing strong trends in the share market.
Google Pay expands cards tokenisation with more Indian banks
Google Pay has now added debit cards by SBI, IndusInd Bank and Federal Bank and Credit cards by IndusInd Bank and HSBC India to its slate. "We are hopeful that the tokenisation feature will further encourage users to transact securely and safely in the current times and expand merchant transactions both online and offline," said Sajith Sivanandan, Business Head: Google Pay and NBU-APAC.
ICICI Bank launches 'ICICI STACK for Corporates'
The wide range of 360-degree solutions enables corporates to seamlessly meet all banking requirements of their ecosystem in an expeditious and frictionless manner. With this launch, ICICI Bank aims to be the preferred banking partner for companies and their entire ecosystem. The environment in which corporate customers operate is becoming increasingly dynamic and competitive with accelerated digital adoption transforming every business.
Fuel price hiked again; petrol nearing century mark across country
With this rise, petrol prices have reached very close to hitting the century-mark all across the country extending the scope of historic high prices that had already made the fuel rate cross the Rs 100 per litre mark in certain cities and towns of Maharashtra, Madhya Pradesh, Rajasthan, Telangana, Andhra Pradesh. On Wednesday, the oil marketing companies (OMCs) raised the price of petrol and diesel between 12-25 per litre across the four metros.
GST dues of states not cleared as claimed by FM: Chidambaram
"More numbers on GST dues. For Rajasthan, the GST dues upto 31-3-2021 were Rs 4,635 crore. This number was mentioned in CM's letter to FM. In 2021-22, add another Rs 2,507 crore upto May. Total dues, so far, are Rs 7,142 crore "For Chhattisgarh, GST dues upto 1-6-2021 are Rs 3,069 crore. Yet, the FM claimed that she had cleared GST dues to all states!" the former union minister said in a statement on Wednesday.
Equity indices in red, metal stocks fall
Heavy selling was witnessed in metal and power stocks. Around 10.10 a.m., Sensex was trading at 52,645.30, lower by 127.75 points or 0.24 per cent from its previous close of 52,773.05. It opened at 52,782.21 and has so far touched an intra-day high of 52,816.31 and a low of 52,607.61 points. The Nifty50 on the National Stock Exchange was trading at 15,820.25, lower by 49.00 points or 0.31 per cent from its previous close.
Homegrown job platform Apna raises $70M at $570M valuation
Existing investors, Sequoia Capital India, Lightspeed India, Greenoaks Capital and Rocketship VC have also participated in the round. Apna said that it will use the proceeds to strengthen its presence in existing cities and expand pan-India over the next six months to help restart India's economy.
Centre to develop seaplane services in India
An MoU was signed between the Ministry of Ports, Shipping and Waterways, and the Ministry of Civil Aviation, for this purpose. As per the MoU, a coordination committee with officials from Ministries of Civil Aviation, Ports, Shipping and Waterways, and Tourism is to be set up for timely completion of operationalisation of seaplane services at various locations.
Finance Ministry, Infosys officials to take up new I-T Portal glitches
Infosys is the agency that has put up the software backbone going into the new e-filing portal. The June 22 meeting will also be attended by other stakeholders including members from the ICAI, auditors, consultants and taxpayers. The new portal has been fraught with several technical glitches and issues leading to taxpayer inconvenience.
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