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Impavid Bulletin

BUSINESS

India first imposed windfall profit taxes on July 1, joining a growing number of nations that taxes super normal profits of energy companies. But international oil prices have cooled since then, eroding profit margins of both oil producers and refiners.

Paytm, the poster boy for India’s tech startups, has lost more than 60% of its value since its high-profile initial public offering in November as it has struggled to convince investors of its earnings potential.

Go Digit offers motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance, and other insurance products, to meet the needs of the customers.

Vivo shouldn’t have any misconception about the magnitude of the task that lies ahead for its latest smartphone effort, the V25 Pro

In its latest bulletin, the article by experts said that the public sector banks have performed better in terms of promoting financial inclusion.

There was a lot of confusion regarding which day was Janmashtami this year. The festival is being celebrated on August 18 and 19 as the time of the Ashtami Tithi overlapped on both days, according to Vedic Panchang.

Markets opening bell: Sensex at 60,292 in early trade; Nifty above 17,900

At the 37th MPC meeting held earlier this month, RBI governor Shaktikanta Das said sustained high inflation could cause “unanchoring of inflation expectations and their second order effects”.

Cryptocurrencies suffered a sharp selloff as global markets retreated after US Federal Reserve officials reiterated their resolve to keep raising interest rates until inflation is contained.