ReutersThe NSE Nifty index ended the session 17.8 points up at 18314.8, while BSE Sensex rose 123.38 points to 62027.9.
In the Nifty index, Eicher Motors Ltd.(up 6.49 per cent), Mahindra & Mahindra Ltd.(up 1.97 per cent), IndusInd Bank Ltd.(up 1.79 per cent), Axis Bank Ltd.(up 1.64 per cent) and Hindustan Unilever Ltd.(up 1.20 per cent) stood among the top gainers.
On the other hand, Hindalco Industries Ltd.(down 3.83 per cent), Bharat Petroleum Corporation Ltd.(down 2.86 per cent), Power Grid Corporation of India Ltd.(down 2.74 per cent), NTPC Ltd.(down 2.56 per cent) and UltraTech Cement Ltd.(down 1.69 per cent) were among the top losers of the day.
Friday, 12 May, 2023- Front Page
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- On Watchlist: Govt Seeks to Tax Netflix Income in India
India is seeking to tax Netflix Inc.’s income earned from streaming services in the country, people familiar with the matter said. It’s the first such move to tax overseas digital companies providing electronic commerce services to consumers in India, they said.
PhonePe Will Likely go for an India ListingWalmart president and chief executive officer Doug McMillon has said the performance of its payments company PhonePe has seen a significant upside, and if it chooses to enter the ecommerce business, it won’t compete with sister company Flipkart as both will be focused on serving their own set of customers.
Adani in Talks for $2-2.5b Stake Sales in 3 Group CosAdani Group is in discussions with potential investors to raise $2-2.5 billion via share sales in Adani Enterprises, Adani Transmission and Adani Green Energy, said people aware of the matter.
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