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July 29, 2024 8:36 PM
The Reserve Bank of India has said today that digitalisation can create a more complex and interconnected financial system with implications for financial stability. The Apex bank has released a Report on Currency and Finance for 2023-24, today. In this report, the central bank also said that digita...
July 28, 2024 2:25 PM
Union Finance Minister Nirmala Sitharaman has strongly hit out at the opposition and the Karnataka State Government for spreading falsehood on tax devolution to the state by the Central Government. Addressing media persons in Bengaluru today, the Finance Minister released data comparing the allocati...
July 28, 2024 2:07 PM
Steel production in India, driven by robust demand for government infrastructure projects, is projected to surpass 300 million tonnes (MT) by 2030, Steel Secretary Nagaendra Nath Sinha said. Addressing the Bharat Chamber of Commerce (BCC) in New Delhi, the senior official said current steel demand r...
July 27, 2024 8:17 PM
The Income Tax Department has said that over 5 crore Income Tax Returns (ITRs) have been filed for the current assessment year, representing an 8 percent increase from the previous year. In a social media post on Saturday, the department said that it received over 28 lakh ITRs just yesterday....
July 27, 2024 5:21 PM
The Indian market continued to make fresh record high in the Budget week ended July 26 led by positive global cues including better-than-expected US GDP data, indicating early rate cut by US Fed. Meanwhile, F&O expiry, Union Budget announcements and mixed earnings from India Inc kept market vola...
July 27, 2024 7:45 AM
India's foreign exchange (Forex) reserves rose to all-time high of 670.86 billion dollars for the third consecutive week as of 19th of July. According to the data released by RBI, the reserves surged by 4 billion dollars during the week. In the preceding two weeks, the Forex reserves rose by a cumul...
July 26, 2024 10:26 PM
The Reserve Bank of India (RBI) has issued a prompt corrective action (PCA) framework for primary (urban) co-operative banks to give more focus on larger UCBs that require more intensive monitoring by optimal utilisation of supervisory resources. The PCA framework will replace the supervisory action...
July 26, 2024 7:37 PM
India's foreign exchange (Forex) reserves rose for the third consecutive week to touch a new lifetime high of $670.86 billion as of July 19, according to the latest data released by the RBI on Friday. The reserves surged by $4 billion during the week after increasing by a cumulative of $14.9 billion...
July 26, 2024 7:12 PM
In the forex market, the Indian rupee appreciated marginally to end at 83 rupees and 72 paise against the US dollar. The Dollar index, which indicates its strength against a basket of six other leading currencies was up by 0.03 percent at 104.38....
July 26, 2024 5:01 PM
Indian benchmark indices snapped a five-day losing streak and ended higher with Nifty touching a fresh all-time high during the session. At close, the Sensex was up 1,293 points or 1.62 percent at 81,333 and the Nifty was up 428 points or 1.76 percent at 24,835. In the broader market at the...
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