BUSINESS
Top 50 Stocks' Share in Total Market Cap Hits All-Time Low: Report
The December edition of the DSP Netra report said, "Large-cap stocks are now at their smallest share of total market capitalisation. The share of the top 50 or top 10 stocks relative to the total market has hit an all-time low, presenting a rare opportunity for investors."
Income Tax Refunds Surge 46.3% to Rs 3.04 Lakh Crore in April-November
In the corresponding period last year between April 1, 2023, and November 30, 2023, refunds totalling Rs 2.03 lakh crore were issued, reflecting the Ministry's concerted efforts to expedite the process this year. The statement added that CBDT played a crucial role in achieving this milestone.
Disheartening to Witness Parliament Disruptions Over Wealth Creators: Sadhguru
"It is really very disheartening to witness disturbances in Parliament at a time when we want to stand tall and be a shining example for democracy for the world, sir," the spiritual guru said.
Vishal Mega Mart IPO Sees 51% Subscription on Day 1
The initial share sale received bids for 38.59 crore shares against 75.67 crore shares on offer, as per NSE data.
India Opposes China-Led Investment Facilitation Proposal at WTO: Official
A China-led group of 128 countries is pushing for the Investment Facilitation for Development (IFD) proposal. The proposal will be binding for only the signatory members.
Adani to Self-Finance Sri Lankan Port Project, Withdraws Request for US DFC Funding
“We would like to inform that Colombo West International Terminal (CWIT) project in Sri Lanka is progressing well and is on track for commissioning by early next year,” said the flagship Adani Group company.
Indian Share Market Remains Flat, Sensex Stays Above 81,500
After gaining 5.01 points or 0.01 per cent, the Sensex was trading at 81,515.06 at around 9:27 am, while Nifty was trading at 24,623.8 after rising 13.75 points or 0.06 percent.
Gold Futures Rise by Rs 151 to Rs 77,637 per 10g
Gold contracts for February delivery traded higher by Rs 151 or 0.19 per cent at Rs 77,637 per 10 grams in a business turnover of 13,363 lots at the Multi Commodity Exchange today.
Shaktikanta Das Praises RBI-Finance Ministry Coordination as 'Best'
He said, "The perspectives of the central bank and the Finance Ministry may differ at certain times but I believe in my tenure we have been able to settle such things."
Report Suggests India's Retail Inflation Likely to Ease
Core CPI includes goods and services but excludes food and fuel, which are considered to be more volatile.
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