Last week (April 27–31), the combined market valuation of eight of the top 10 most valued firms declined by Rs 2,08,207.93 crore. Reliance Industries, TCS, and Infosys took the biggest hits in the league.ITC, Life Insurance Corporation (LIC), Hindustan Unilever Ltd., Bharti Airtel, and ICICI Bank were also laggards. Among the top 10, HDFC Bank…

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Meta-owned WhatsApp on Saturday said it banned more than 71 lakh accounts in India in the month of April for violating the laws of the land. Out of 7,182,000 banned WhatsApp accounts, 1,302,000 were proactively blocked before any reports from users, the social media company said in a statement. The popular mobile messaging platform, which…

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The gross goods and services tax (GST) collection for May stood at Rs 1.73 lakh crore, according to the release by the Ministry of Finance. The GST collection in May registered 10 percent year-on-year growth, driven by a strong increase in domestic transactions up 15.3 percent and a decrease in imports down 4.3 percent. According…

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India’s Gross Domestic Product (GDP) growth rate in the quarter ending March 31, 2024, grew by 7.8 percent, the National Statistics Office (NSO) of the Ministry of Statistics and Programme Implementation (MOSPI) said on Friday.Notably, these figures surpass the Reserve Bank of India’s (RBI) estimate of 7 percent. As per the government data, the GDP…

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The stock market witnessed extreme volatility on Friday and closed with mild gains after five days of losses. Nifty and Sensex gave up the stellar gains made earlier in the day.The market witnessed extreme volatility ahead of the GDP data announcement and the Lok Sabha general election exit poll on June 1. At close, the…

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