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July 23, 2024 1:47 PM
Indian stock markets declined significantly today as the government proposed to raise the tax on capital gains and on trading derivatives. The S&P BSE Sensex dropped below 80,000, losing 1,248.23 points while the NSE Nifty fell by 409 points. The Indian rupee also dropped to a record lo...
July 23, 2024 7:51 AM
The All India Association of Industries has said, the Economic Survey paints an optimistic picture of the Indian economy by forecasting GDP growth of 6.5 -7 per cent for this year. The Association’s President, Dr. Vijay Kalantri said in a statement that the survey has rightly identified MSMEs as t...
July 22, 2024 10:13 PM
RBI Deputy Governor M Rajeshwar Rao emphasized the importance of banks taking customer complaints seriously and using them as feedback to enhance their processes and products. Speaking at the BFSI Summit in Mumbai today, Mr Rao pointed out that the RBI continues to observe instances of slow response...
July 22, 2024 10:08 PM
Union Minister of State for Finance Pankaj Chaudhary has said that the Security and Exchange Board of India, SEBI which is the statutory regulator of the securities market has not received any specific information on any 'unfair trading' in connection with the fall of stock prices on 4th of June t...
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...
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