Business News Highlights: Market Closes In Green, Sensex Above 76,600, Nifty Over 50 Points Up
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SpiceJet Discontinues Hyderabad To Ayodhya Direct Flight
SpiceJet reportedly discontinued its direct flight services from Hyderabad to Ayodhya owing to demand issues. The service was launched by the carrier about two months earlier and from June 1, the airline has stopped the flight.
Rupee Rises 3 Paise To Close At 83.56 (Provisional) Against US Dollar
The Indian rupee appreciated 3 paise to settle at 83.56 (provisional) against the US dollar on Wednesday, backed by a positive sentiment in the domestic market and benchmark indices reaching fresh highs. In the last trading session on Tuesday, the domestic currency closed at 83.59 against the greenback.
Stock Market Opening Bell: Sensex Settles Over 150 Points Up, Nifty Above 23,300
The stock market after hitting fresh peaks during the day, pared the gains but managed to settle in green. The BSE Sensex ended at 76,606.57, climbing nearly 150 points, while the NSE Nifty50 settled trading at 23,322.95, gaining over 50 points.
IRF Urges GST Council To Remove Tax On Helmets
The International Road Federation (IRF) on Wednesday requested the Goods and Services Tax (GST) Council and the Finance Ministry to cut down tax on helmets from 18 per cent to nil, to boost safety gear use. The association issued a statement and said, "Two-wheeler riders are most vulnerable during road accident fatalities and lowering GST rates on helmets will help in making helmets more affordable for the masses amid increasing road accident fatalities."
COAI Names New Leadership For 2024-25
The Cellular Operators' Association of India (COAI) on Tuesday announced the appointment of Abhijit Kishore as its Chairman and Rahul Vatts as the Vice Chairman of the association. Both the appointments will be effective from June 2024 for the 2024-25 period.
Read More : Cellular Operators' Association Of India Appoints Abhijit Kishore As New Chairperson
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