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August 10, 2024 2:03 PM
Finance Minister Nirmala Sitharaman has stressed on the need for banks to focus on 'core banking'. She said this while addressing the media after holding a meeting with the Central Board of Directors of the Reserve Bank of India in New Delhi today. She asked banks to prioritise their vital business ...
August 9, 2024 7:36 PM
Indian benchmark indices, the Sensex and Nifty, surged over one percent, driven by a global market recovery. At the close, the Sensex, which tracks 30 companies, was up 820 points, or 1.04 percent, at 79,706. Meanwhile, the Nifty 50 gained 250 points, or 1.04 percent, to end at 24,367. The broader m...
August 9, 2024 9:03 AM
The National Stock Exchange (NSE) has achieved a significant milestone, with its unique registered investor base surpassing the 10-crore mark for the first time. It took over 25 years to reach the 4-crore mark in March 2021, but the pace of growth has accelerated considerably since then. The additio...
August 8, 2024 8:37 PM
Union Finance Minister Nirmala Sitharaman has said the government is continuously emphasising and spending higher and higher amounts in capital expenditure since after Covid. She said effective capital expenditure can be pegged at 15.02 lakh crores rupees or 18 per cent over 2023-24. The Finance Min...
August 8, 2024 7:07 PM
In the Forex market today, the Indian rupee depreciated one paise and ended at 83.96 against the U.S. dollar. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, nudged higher to 103.1 in intra-day trade. ...
August 8, 2024 2:05 PM
The Reserve Bank of India today decided to keep the policy repo rate unchanged at 6.50 per cent for the ninth time in a row. Consequently, the standing deposit facility (SDF) rate remains at 6.25 percent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The Monetary P...
August 7, 2024 7:31 PM
Domestic benchmark indices, Sensex and Nifty, snapped a three-day losing streak to trade over one percent higher during the session and ended on a strong note ahead of the RBI policy outcome. At close, the Sensex was up 875 points or 1.11 percent at 79,468 and the Nifty was up 305 points or 1.27 per...
August 7, 2024 7:08 PM
Finance Minister Nirmala Sitharaman today emphasized that the Modi government's approach to taxation has been to bring in greater simplification of tax laws and procedures and enable growth and employment in the country. Replying to the discussion on the Finance Bill, 2024 in Lok Sabha, the Finance ...
August 7, 2024 3:27 PM
In recent days, the global oil market has experienced significant volatility, reflecting the complex interplay of geopolitical tensions in the Middle East, economic concerns, and production disruptions. This turmoil highlights the delicate balance OPEC must maintain in an increasingly uncertain worl...
August 7, 2024 1:50 PM
Benchmark indices Sensex and Nifty snapped three-day losing streak to trade higher by over one percent during today's session. The Sensex surged 0.69 percent, or 546 points, reaching 79,122, while the Nifty climbed 0.90 percent, or 215 points, to 24,208, when the reports last came in. The b...
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