Hindustan Times News | 10th March 2022 | 6 PM

HT Daily News Wrap

BJP appeared set to retain 4 states — Uttar Pradesh, Uttarakhand, Goa & Manipur. AAP gets closer to attaining the coveted status of a national party, foreign ministers of Russia & Ukraine held their first face-to-face talks and other top news in this bulletin.
The Bharatiya Janata Party (BJP) is all set to retain power in Uttar Pradesh, Uttarakhand, Goa and Manipur while the Aam Aadmi Party (AAP) secured a landslide victory in Punjab. The AAP is the first regional party which will form a government in another state apart from New Delhi.   The Securities and Exchange Board of India (Sebi) on Thursday conducted search and seizure operations at the premises of seven individuals and one company in various cities for circulating stock tips on social media to make profits. The operations were conducted at Ahmedabad and Bhavnagar in Gujarat, Neemuch in Madhya Pradesh, Delhi, and Mumbai Sebi said in a statement Colgata Palmolive Managing Director and CEO Ram Raghavan has been promoted to president of the company’s enterprise oral care division. Prabha Narasimhan will be the new MD and CEO of the company with effect from April 15, 2022. Bank credit grew by 7.9% to Rs 116.27 lakh crore and deposits rose by 8.6% to Rs 162.17 lakh crore in the fortnight ended February 25, RBI data showed. Infosys: Announced a multi-year transformational collaboration with International Tennis Hall of Fame, making the company ITHF’s official digital innovation partner and title sponsor of the annual ATP Tour tournament — the Infosys Hall of Fame Open. Wipro: The company has announced a long-term partnership with Pandorum Technologies for development of technologies that shorten time-to-market and maximise patient outcome during R&D and clinical trials of regenerative medicine. Moving on to markets Indian indices may open flat to negative on Friday. The market extended gains for the third day on Thursday as the Bharatiya Janata Party won 4 out of the 5 states, including the crucial Uttar Pradesh. The US markets, on Thursday, edged lower as the US inflation hit a 40-year high, which could mean the US Federal Reserve hiking interest rates in the next week’s monetary policy meeting. No progress in the talks between Russia and Ukraine also soured market sentiments. In Asia, shares in Japan, Australia, Hong Kong, and Shanghai declined in early trade on Frida Business Term of the day Tax planning refers to financial planning for tax efficiency. It aims to reduce one’s tax liabilities and optimally utilize tax exemptions, tax rebates, and benefits as much as possible. Tax planning includes making financial and business decisions to minimise the incidence of tax. T