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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...
July 18, 2024 9:53 PM
The Reserve Bank of India has indicated that the second quarter of the current financial year has commenced with signs of accelerating momentum in the Indian economy. According to RBI's monthly bulletin, improvements in the outlook for agriculture and the resurgence of rural spending have emerged as...
July 18, 2024 9:27 PM
The Comptroller and Auditor General of India Girish Chandra Murmu inaugurated the International Centre for Audit of Local Governance (iCAL), at Rajkot in Gujarat today. Addressing the media on the occasion, CAG Girish Chandra Murmu stressed on the transparency and accountability in the local self-go...
July 18, 2024 6:46 PM
The stock markets continued their record-breaking streak today, with the Sensex surpassing 81,000 for the first time and the Nifty reaching 24,800. The BSE Sensex advanced by 627 points, or 0.78 percent, to close at 81,343. The NSE Nifty was up by 188 points, or 0.76 percent, to close at 24,801. ...
July 18, 2024 2:17 PM
Consumption of natural gas rose by 7 per cent in June as more Indians switched to green fuel. The consumption of natural gas in India went up in June to 5,594 million metric standard cubic metres (MMSCM) this year compared to the same month last year, as more households across the country are using ...
July 16, 2024 9:13 PM
Indian Equity Benchmark Indices Sensex and Nifty continuing to reach record breaking high since Friday, aided by Foreign Institutional Investors and the positive results from some of the Blue Chip Companies. In the broader market at the BSE, the Mid-Cap index down by 0.29 percent, while the Small-ca...
July 16, 2024 9:51 PM
The International Monetary Fund (IMF) upgraded India’s economic growth forecast by 20 basis points (bps) to 7 per cent year-on-year basis for the current financial year 2024-25. Earlier also in April, IMF has raised GDP forecast of the country by 30 bps to 6.8 percent in its World Economic Outlook...
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