Weekly market wrap: Sensex nosedives nearly 3,000 points & more

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MARKETS   Weekly market wrap: Sensex nosedives nearly 3,000 points; ONGC, Hindalco tank over 10%   Market watchers believe that global growth concerns, ongoing selling by foreign institutional investors and inflationary pressure continued to dampen market sentiment.

TAXES   Dream11 CEO says 28% GST not a hurdle   Speaking exclusively to Business Today TV's Udayan Mukherjee, Dream11 CEO Harsh Jain welcomed the recent hike in the goods and services tax rate on online gaming companies from 18 per cent to 28 per cent.

CORPORATE   'Stay invested': LIC Chairman's message to shareholders   Speaking with Business Today TV managing editor Siddharth Zarabi, Kumar said maintained that LIC has always been a contrarian investor. "We will always buy in a falling market and sell in a rising market", he said.

ENERGY   Gear up to meet global green hydrogen demand, power minister urges entrepreneurs   Minister Raj Kumar Singh said the developed western economies were aggressively scouting for sources of non-fossil fuels like green hydrogen and green ammonia.

PERSONAL FINANCE   Is your bank FD beating inflation? Here's what experts think   As expected, a few banks have also already announced increase in the interest rates for fixed deposits in tune with the rise in key benchmark rate of the central bank. Here's what experts think you should do.

POWER   Coal India Limited announces tech tweak, to take the green route for mining; here's how   The state-run coal mining and refining company shall explore more environment-friendly options for its coal operations.

POLICY   No decision on rationalisation of GST rates yet, say Finance Ministry sources   The 47th GST Council, comprising finance ministers of the Centre and states, will meet on June 28 and 29 in Srinagar to discuss key issues.

MARKETS   India's private equity market hit a record $70 billion investments in 2021, says Bain & Co study   Indian investments grew by 96% over 2020; consumer tech and IT sectors saw investments of upto $44 billion, as per the report.

MAGAZINE   The rise of hi-tech HR start-ups   Scores of SaaS start-ups are helping companies work out kinks in hiring, interviewing, employee engagement, rewards & benefits, and other HR processes. The pandemic has helped them come into their own.

NEWS REEL   Agnipath fire gets bigger by the minute | Navy Chief Exclusive   As protests over the new Army recruitment scheme Agnipath flares up, Chief Of Naval Staff Admiral Hari Kumar Speaks To Rahul Kanwal on the alleged misinformation. This comes right after the Centre has raised the entry age from 21 to 23 years for the Agnipath scheme in 2022.

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