Record News

tax collection target of over Rs 34.37 lakh crore for 2023-24 on the back of robust economic activity and improved compliance, an official said. «Overall targets for tax revenue have been met,» the official told PTI. The government had raised the target for direct tax collection in FY24 (April 2023 to March 2024) to Rs 19.45 lakh crore, while for indirect taxes (GST+ Customs + Excise) the target was lowered to Rs 14.84 lakh crore in the revised estimates (RE) presented in Parliament on February 1, 2024. The net direct tax collections (comprising corporate tax and personal income tax) reached over Rs 18.90 lakh crore as of March 17.

Shares of metal companies surged Monday, leading gains in a session where benchmark indices hit lifetime highs. The Nifty Metal index also surged to a record, ending with near 4% gains on positive manufacturing data from China amid brightening prospects of a June start to the US rate easing cycle. Shares of companies in this space ended 4-11% higher, with state-owned companies clocking in relatively higher gains. This outperformance was driven by them being relatively under-owned, said experts.

India has asked global and domestic trade houses to avoid buying new-season wheat from local farmers to help the government-backed Food Corporation of India (FCI) procure large quantities to shore up its depleting reserves, sources said. India, the world's biggest wheat consumer and grower after China, banned exports in 2022 and is keen to bolster stocks and tame prices that surged after dry weather hurt output in 2022 and 2023. Rising wheat prices forced the government to sell record quantities to boost local supplies, leading to a drawdown in reserves essential for the world's biggest food welfare programme, which entitles nearly 800 million to free grain.

ALSO READ: IPL 2024: Virat Kohli breaks Chris Gayle, MS Dhoni's records in RCB vs KKR match The World Cup will be co-hosted by the USA and West Indies from 1 to 29 June. According to Pathan, Kohli is definitely critical in a major event and dispels certain myths regarding his strike rate. Kohli's most celebrated heroics came in T20 World Cup 2022 at the Melbourne Cricket Ground (MCG) where he made a remarkable victory for India with an unbeaten 82 off just 53 deliveries.

Stock market today: Shares of Servotech Power Systems Ltd are one of the multibagger stocks that the Indian stock market has delivered in recent years. In the last one year, the EV charging solutions company's share has appreciated from nearly ₹19 to ₹85.50 apiece on NSE, logging around 350 percent rise in this time horizon.

Stocks slipped from their record heights after a surprisingly strong report on U.S. manufacturing raised worries about how much interest rates could ease this year

Google has agreed to purge billions of records containing personal information collected from more than 136 million people in the U.S. surfing the internet through its Chrome web browser

A Powerball jackpot climbed to an estimated $975 million after no one matched the six numbers drawn, continuing a nearly three-month stretch without a big winner

Most U.S. stocks slipped after a surprisingly strong report on U.S. manufacturing raised worries about how much interest rates could ease this year

Manufacturing in China expanded in March after contracting for five consecutive months

After a blistering run to record highs, Japanese stocks may be running out of catalysts in the near term. The benchmark Nikkei Stock Average last month climbed above 40000 for the first time ever, driven by earnings growth, a weaker yen and improvements in corporate governance, including more share buybacks. With a 21% gain in the first quarter, the index was the best-performing major market globally.

Also Read: ADIA, Kotak to invest ₹2,001 crore in Prestige Group’s four housing projects In FY24, the Nifty Realty index emerged as the top-performing sectoral index, recording a fabulous return of 132%. The majority of stocks within the index experienced significant growth over the last financial year. Among the 10 constituents of the index, six saw multibagger returns, with Sobha leading the pack with a remarkable rally of 235%.

Monday, April 1, 2024 –  Lucky Boo, a new meme coin on the Solana blockchain, is making waves in the cryptocurrency market, drawing comparisons to Ethereum’s Pepe coin with the reported potential of becoming the next 1000x success story. 

Read the full story here.)Sensex Today Live : ABFRL, Infosys, RIL, Airtel, Vi, Sanofi, HAL, Aurobindo Pharma, are some stocks likely to be in focus on Tuesday, April 2.Sensex Today Live : The Sensex and Nifty 50, India's primary stock market indices, are anticipated to commence Tuesday's trading session on a downbeat note, influenced by unfavorable cues from the global markets. The Gift Nifty trends also suggest a gap-down opening for the Indian benchmark index, trading around the 22,550 level, nearly 50 points lower than the previous close of Nifty futures.On the previous trading day, Monday, the domestic equity benchmark indices concluded the session with a half percent increase, setting new record highs, with the Nifty 50 closing above the 22,400 mark.

Donald Trump's hush money case to include family members of the court and the District Attorney's office, as per reports. The move came days after Trump assailed and made false claims about Judge Marchan's daughter Loren Merchan on social media, AP reported. The original gag order had barred the former US president from making public statements about jurors, witnesses and others connected to the case.

Buy or sell stocks: Following positive global cues on US Fed rate cut buzz, the Indian stock market ended higher for the third straight session on Monday. The Nifty 50 index gained 135 points and closed at the 22,462 level, and the BSE Sensex shot up 363 points and regained the 74,000 level. After regaining the psychological 74,000 levels, the 30-stock index went on to touch a new lifetime high of 74,254.62 mark.

chocolates. Bills at quick service and fine-dining restaurants may rise 5-8% starting this month as prices of cocoa, coffee, palm oil and sugar have surged over the past quarter. This will be the first such increase in about 1.5 years, said industry executives and restaurateurs. Prices of cocoa and coffee are at all-time highs and palm oil has risen 10% Y-o-Y. Executives at a dozen restaurant and cafe chains said they are evaluating price hikes this month itself. Aseem Grover, owner of the upscale The Big Chill Cafe and dessert chain The Big Chill Cakery, is monitoring costs carefully.

Upgrades continued to exceed downgrades during the October-March rating reviews of Indian companies despite a rise in borrowing costs and supply constraints caused by the war in West Asia and the Red Sea crisis. Domestic consumption, demand across several sectors, government spending on public infrastructure, and healthy balance sheets helped in improving credit profiles, rating agencies said. Major rating companies have recorded more upgrades than downgrades, although the pace moderated sequentially.

benchmark indices hitting all-time highs in the first trading session of FY25. Mid-caps and small-caps rebounded on Monday after a weak show in March, as investors lapped up beaten-down names in that space on hopes these stocks could repeat their historically strong performance in April. NSE's Nifty rose 135 points, or 0.61%, to close at 22,462 after touching an all-time high of 22,529 earlier in the day. BSE's Sensex rose 363 points, or 0.49%, to end at 74,014 off the record high of 74,254 during the day. The record closing levels for the Sensex is 74,119 and for the Nifty is 22,493 hit on March 7.

raids last summer of its offices and the publisher's home, accusing local officials of trying to silence the paper and causing the death of the publisher's 98-year-old mother. The lawsuit did not include a specific figure for potential damages. However, in a separate notice to local officials, the paper and its publisher said they believe they are due more than $10 million.

fundraising in FY24 despite equities witnessing a record-breaking run. Fund mobilisation through privately placed corporate bonds touched a record high of Rs9.77 lakh crore in FY24 — a 15% increase over the previous year’s record of Rs 8.52 lakh crore.