Sensex Today | Share Market Live updates: Sensex, Nifty expect steady start; Gift Nifty in green
₹3.5 trillion on Wednesday as FPIs sold shares to meet redemption pressures in developed markets spooked by Fitch Ratings’ downgrade of US credit ratings.Fitch downgraded the United States to AA from AAA late on Tuesday, citing expected fiscal deterioration over the next three years as well as growing government debt. Fitch was the second major agency to cut the country's rating. In 2011 Standard & Poor's stripped the country of its triple-A grade.The risk-off sentiment was reflected in the prices of safe-haven asset gold, which rose 1.6% during the day in the international marketThe top consumer lifestyle firm in India, Titan Company, announced a 19% increase in revenue for the first quarter of FY 2023–2024.
While the consolidated total income for the quarter was Rs. 11,070 crore, the standalone total income for the quarter was Rs. 10,306 crore.
Both standalone and combined EBIT for the quarter showed a modest 2% decrease. In a similar vein, the PBT before extraordinary items fell by 7% to ₹1,002 crores for consolidated statistics and by 4% to ₹1,024 crores for standalone figures. Moreover, the PAT showed a decline of 4% to ₹756 crores on a consolidated basis and 2% to ₹777 crores on a standalone basis.
(Read More)The Goods and Services Tax (GST) Council, in a divided decision, decided to amend central and state laws from 1 October to ensure that 28% GST is paid on the full value of amounts deposited by players for betting on online games, casinos, and horse races. However, redeployed winnings will be excluded from the indirect taxation.The new regime will be reviewed after six months of implementation, finance minister Nirmala Sitharaman said.However, there would be an income tax on winnings, as per law. The GST
. Read more on livemint.com
