Getty ImagesThe NSE Nifty index closed 57.8 points down at 18089.85, while BSE Sensex ended down 161.41 points at 61193.3.
On the other hand, Adani Enterprises Ltd.(down 4.21 per cent), Oil And Natural Gas Corporation Ltd.(down 1.89 per cent), Adani Ports & Special Economic Zone Ltd.(down 1.74 per cent), UPL Ltd.(down 1.69 per cent) and Bharti Airtel Ltd.(down 1.38 per cent) were among the top losers of the day.
Wednesday, 03 May, 2023- Front Page
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- Govt may Adopt Fema-like Valuation Norms for Angel Tax
India may accept the valuation criterion followed under the foreign exchange management law for the so-called angel tax on investments by overseas investors in startups, to provide clarity and end tax disputes.
Amazon, Samara look to Own Less in More, may Shed Up to 20%More Retail, which is owned by Amazon and private equity firm Samara Capital, is looking to divest about a fifth of its equity to external investors at a valuation of around $2 billion, said people aware of the matter.
Go First Files for Insolvency, Suspends Flights till May 5The Wadia family-owned low-cost airline Go First Tuesday filed for voluntary insolvency proceedings before the Mumbai bench of the National Company Law Tribunal (NCLT) and attributed the decision to protracted delays in sourcing airworthy engines from US aerospace major Pratt & Whitney (PW).
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