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August 21, 2023 5:12 PM
Oil prices rose today as global supply is tightening with lower exports from Saudi Arabia and Russia. This has risen concerns about global demand growth amid high interest rates. In intra-day trade, Brent crude was trading at 85 dollars and 45 cents per barrel. West Texas Intermediate crude...
August 21, 2023 1:51 PM
The EPFO has added 17 lakh and 89 thousand members on net basis in June this year. As per the Labour Ministry data, month to month comparison of the payroll data shows an increasing trend in the enrollment with adding up of 9.71 per cent net members over previous month of May 2023. The overall re...
August 20, 2023 7:32 PM
Foreign Investors pumped in over 13,000 crore rupees into the Indian capital markets so far in August. According to depositories data, foreign portfolio investors (FPIs) put in a net sum of 8,394 crore rupees in the Indian equities and 4,646 crore rupees in the debt market, taking the net investment...
August 18, 2023 6:28 PM
Oil prices fell today as China's economic woes results in signs of tight supply. In intra-day trade, Brent crude was trading at 83 dollars and 77 cents per barrel. West Texas Intermediate crude price was at 80 dollars and 10 cents per barrel when reports last came in. ...
August 18, 2023 5:21 PM
Wall Street's main indexes closed lower yesterday as losses in healthcare stocks outshined the gains in Cisco and energy stocks. The Nasdaq Composite index depreciated 1.2 percent, the Dow Jones Industrial Average declined 0.85 percent while the S&P 500 index plunged 0.8 percent....
August 18, 2023 5:07 PM
In the forex market, the rupee closed at 83 rupees and 10 paise against the US dollar. The dollar index, which indicates the US currency's strength against a basket of six other leading currencies, was at 103.50 in intra-day trade....
August 18, 2023 1:28 PM
Reserve Bank issued guidelines to banks, NBFCs on levying of penal rates of interest on loans. RBI in a circular dated 18th Aug 2023 mentioned that there shall be no capitalisation of penal charges i.e., no further interest computed on such charges. After reviewing the practices followed by Banks...
August 17, 2023 1:44 PM
State Bank of India is planning to open 300 new branches across the country in the current financial year. The SBI currently has 22 thousand 405 branches across the country and 235 foreign branches and offices. SBI chairman Dinesh Khara said, the bank is also looking at having more business correspo...
August 16, 2023 8:57 PM
Finance Minister Nirmala Sitharaman met the Governor of Japan Bank for International Cooperation (JBIC), Hayashi Nobumitsu in New Delhi today. They exchanged views on JBIC’s recent activities in India contributing towards Japan’s investment target of five trillion yen over the next five years. D...
August 16, 2023 6:10 PM
Gold prices today declined 130 rupees at Multi Commodity Exchange for October contracts. The precious metal was trading at 58,845 rupees per 10 grams. On the other side, silver gained 245 rupees to trade at 70,200 rupees per kilogram for September Contracts when reports last came in. In t...
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