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July 22, 2024 8:45 PM
According to the Economic Survey 2023-2024, against the global trend of widening fiscal deficit and increasing debt burden, India has remained on the course of fiscal consolidation. It says the fiscal deficit of the Union Government has been brought down from 6.4 per cent of GDP in Financial Year ...
July 22, 2024 6:45 PM
The Indian benchmark indices ended lower for the second consecutive session amid selling in heavyweights. At close, the Sensex was down 102 points or 0.13 per cent at 80,502 and the Nifty was down 22 points or 0.09 percent at 24,509. In the broader market at the BSE, the Mid-Cap index up by...
July 21, 2024 6:45 PM
Global gold prices rose for the fourth straight week on expectations that the Federal Reserve will cut interest rates in September. Gold gained nearly 1 percent this week to end at 2,446.80 ounce per dollar on Friday. Earlier, it hit an all-time high of 2,483.60 on Wednesday. However global Silver p...
July 21, 2024 12:41 PM
The Bombay High Court has directed social media intermediaries to take prompt action against deepfake videos of the National Stock Exchange (NSE) ’s managing director and CEO giving stock recommendations. A single bench of Justice R. I. Chagla directed social media platforms like Facebook, WhatsAp...
July 21, 2024 8:21 AM
Foreign portfolio investors (FPI) continued the investment momentum in the stock markets in India, infusing around 44,344 crore rupees in equity and debt so far this month. According to the data with the depositories, FPIs have invested worth rupees 30,771 crore in equity and rupees 13,573 crore in ...
July 19, 2024 9:03 PM
Kharif crops have been sown in over 704 lakh hectare till date as against 680 lakh hectare last year. Crop sowing data released by the Agriculture Ministry reveals that rice has been sown in over 166 lakh hectare, which is around 11 lakh hectare more than the last year. The Ministry said, over 85 la...
July 19, 2024 6:29 PM
In the wake of the Microsoft outage, the Reserve Bank of India said that it has made an assessment of the impact of this outage on its Regulated Entities, which shows that only 10 banks and NBFCs had minor disruptions which have either been resolved or are being resolved. In a press release iss...
July 19, 2024 6:24 PM
The Reserve Bank of India (RBI) Governor Shaktikanta Das has asked the banks to be watchful of the lag between credit and deposit growth and advised that the former should not exceed the latter. The Governor also warned that the financial system can get exposed to "structural liquidity issues" due t...
July 19, 2024 7:38 PM
Indian benchmark indices, which initially surged to fresh record highs, gave up those gains soon and lost near one per cent at close, in the face of a global sell-off. In the broader market at the BSE, the Mid-Cap index down by 2.31 percent, while the Small-cap index fell 2.22 percent. 26 out of 30 ...
July 19, 2024 11:38 AM
Equity benchmark indices hit their new record high levels in early trade today but failed to hold on to the gains and were later trading lower tracking weak trends from global markets. The Sensex at the Bombay Stock Exchange hit its new all-time high of 81,588 in the initial trade but faile...
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