Unmasking Truths Unraveling Stories
Unmasking Truths Unraveling Stories
Image Source : PTI The Central Board of Direct Taxes (CBDT) has launched an e-Dispute Resolution Scheme (e-DRS) to address litigation and provide relief to eligible taxpayers. Here comes a big relief for the taxpayers. The Central Board of Direct Taxes (CBDT) has launched an e-Dispute Resolution Scheme (e-DRS) to address litigation and provide relief […]
Image Source : INDIA TV Currently, India TV Speed News boasts an impressive viewership on CTV platform. India TV, a pioneer in news broadcasting, proudly announces the launch of India TV Speed News, India’s first 24-hour fast news channel in the HD segment, designed specifically for the linear audience. This groundbreaking initiative aims to address […]
Image Source : RIL Anant Ambani’s Vantara offers aid to Namibia amid wildlife crisis Anant Ambani’s Vantara, a leading animal welfare organisation, has extended its support to Namibia, offering to assist in rescuing animals facing the threat of culling due to severe drought conditions. Vantara, through its extensive network of rescue and rehabilitation centres, is […]
Image Source : SOCIAL MEDIA check new PPF guidelines from October 1, 2024. The Department of Economic Affairs under the Ministry of Finance has issued new guidelines for Public Provident Fund accounts formed in the name of minors, multiple PPF accounts, and the extension of PPF accounts by NRIs under National Small Savings (NSS) schemes […]
Image Source : FILE Representative Image Foreign direct investment in India spiked 47.8 per cent to USD 16.17 billion in April-June this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data on Tuesday (September 3). FDI inflows were at USD 10.94 billion in April-June 2023-24. The data showed that […]
Image Source : FILE Bombay Stock Exchange Limited (BSE) Indian equity markets ended Tuesday’s session nearly unchanged, with both the NSE Nifty 50 and BSE Sensex closing flat at 25,279.85 and 82,555.44 points, respectively. Despite hovering close to their all-time highs, market participants were cautious ahead of key U.S. economic data that could influence a […]
Image Source : PTI SEBI chairperson Madhabi Puri Buch The ICICI Bank on Monday (September 2) said that it has not paid any salary or granted ESOPs to Sebi chairperson Madhabi Puri Buch after her retirement on October 31, 2013, as alleged by the Congress. This comes after the Congress alleged that Buch, who joined […]
Image Source : PTI Ashwini Vaishnaw The Central government on Monday approved the digital agriculture mission worth Rs 2,817 crore. This was announced by Union minister Ashwini Vaishnaw after a cabinet meeting. He said that it is being developed on the lines of the structure of Digital Public Infrastructure for agriculture and added that with […]
Image Source : FILE Aadhaar Card users can update their address online by submitting Proof of Identity and Proof of Address documents. Aadhaar Card Update: The last date to update Aadhaar details for free will end on September 14. Earlier, the Unique Identification Authority of India (UIDAI) had extended the deadline multiple times, and it […]
Image Source : X Representational image Oil marketing companies (OMCs) revised the prices of commercial LPG gas cylinders on Sunday (September 1). The rate of 19 KG commercial LPG gas cylinders was increased by Rs 39 in Delhi with effect from September 1. Delhi retail sales price of 19kg commercial LPG cylinder is Rs 1,691.50 from […]
Image Source : FREEPIK India’s foreign exchange reserves jump by USD 7.023 billion to USD 681.688 billion. India’s forex reserves jumped by USD 7.023 billion to touch a new high of USD 681.688 billion in the week ended August 23, the RBI said on Friday (August 30). The overall reserves had jumped by USD 4.546 […]
Image Source : REUTERS Rs 81 lakh crore worth transactions processed by UPI in April-July India’s Unified Payments Interface (UPI) processed nearly ₹ 81 lakh crore transactions in the April-July period this year, which is a staggering 37 per cent increase (year-on-year) and surpassing all world’s leading digital payments platforms. According to latest data by […]
Image Source : PTI (FILE) Labourers carry coal onto goods train at Ashoka Coal Mines in Peeparwar. India’s core sector, comprising industries such as coal, electricity, steel, and cement, posted a 6.1 per cent growth in July after having slowed to 4 per cent in June, according to data released by the Commerce Ministry today […]
Image Source : INDIA TV ITR Refund FY 2023-24. Income Tax Return: Filing an Income Tax Return (ITR) is an essential responsibility for taxpayers in India, as it enables them to report their annual income, claim deductions, and pay any tax liabilities owed to the government. The process involves submitting a detailed statement of income […]
Image Source : FILE PHOTO Representative image SpiceJet financial crisis: Crisis-hit budget carrier SpiceJet on Thursday announced that it will be placing 150 cabin crew members on furlough for a period of three months. This move has been taken in response to the current low travel season and reduced fleet size, keeping in mind the long-term […]
Image Source : FREEPIK.COM Representative image Bank Holidays September 2024: Banks in India will be closed for a total of 15 days in September 2024, including all Sundays and the second and fourth Saturdays along with the public holiday. Bank customers should note that the list of holidays varies by state, as different regions celebrate their […]
Image Source : X/RBI RBI Governor Shaktikanta Das addressed a gathering at the Global Fintech Fest 2024. Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday announced that the Fintech sector has attracted approximately USD 6 billion in investments over the past two years. Speaking at the Global Fintech Fest 2024, Das emphasised the […]
Image Source : PTI (FILE) RIL Chairman and Managing Director Mukesh Ambani. The Competition Commission of India (CCI) today (August 28) said it has approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country’s largest media empire. The deal, announced six months ago, has been cleared by […]
Image Source : FILE Fixed deposit Interest Rate 2024 Amid the ongoing high interest rate environment in the country, investors are capitalising on the opportunity to earn increased returns through Fixed Deposits (FDs). Traditionally favoured for their safety and reliability, FDs have remained a popular investment choice, particularly among senior citizens who benefit from additional […]
Image Source : FILE Bombay Stock Exchange Limited (BSE) building. The Indian stock markets opened on a positive note with the Sensex climbing 117.63 points, reaching 81,815.74 in early trade on Friday. Meanwhile, the Nifty index also saw an uptick, rising by 27.1 points to stand at 25,037.70. Global market trends Global markets show mixed […]
Image Source : SOCIAL MEDIA Avoid some of the common investment mistakes. If you are an investor, you need to be careful about how and where you are inevsting as making errors in investment can negatively affect your goals for wealth accumulation. It will also impact your financial resources and the duration needed to achieve […]
Image Source : PTI Housing prices have witnessed a surge in several cities across the country. In a significant trend observed in the Indian real estate market, housing prices in Bengaluru’s Bagaluru have surged by an astounding 90 per cent since 2020, marking the highest price appreciation among the major cities, as per a report […]
Image Source : FILE PHOTO UPS to be given effect from April 1, 2025 UPS vs NPS vs OPS: For a long time, government employees have been demanding either amendment to the New Pension Scheme (NPS) or the reinstatement of the Old Pension Scheme (OPS). The opposition was also using this issue to garner support. In […]
Image Source : X Representational pic According to data with the depositories, Foreign Portfolio Investors (FPIs) injected Rs 11,366 crore in the debt market this month (till August 24). The foreign investors infused Rs 11,366 crore in the Indian debt market so far in August, pushing the net inflow count in the debt segment to […]
Image Source : PIXABAY ‘Unified Pension Scheme’ approved by Centre | Here are key highlights of UPS Unified Pension Scheme: In a significant decision impacting lakhs of employees, the Bharatiya Janata Party (BJP)-led central government today (August 24) approved the Unified Pension Scheme (UPS) which provides for Assured Pension and Assured Family Pension. Briefing the […]
Image Source : FILE PHOTO Check DA hike updates for Central government employees. 7th Pay Commission Latest News: Here comes a big update for the Central government employees who are waiting for a hike in dearness allowance (DA). Various media reports suggest that the Centre is expected to announce a second increase in Dearness Allowance […]
Image Source : PIXABAY India’s foreign exchange reserves jump by USD 4.546 billion to USD 674.664 billion. Business news: India’s forex reserves jumped by USD 4.546 billion to USD 674.664 billion during the week ended August 16, the Reserve Bank of India (RBI) said today (August 23). In the previous week, the forex kitty had […]
Image Source : FILE The image has been used for representative purposes only. In a significant development, the Income Tax Department has reported that a staggering 7.28 crore income tax returns (ITR) were filed by the deadline of July 31, 2024. Notably, around 5 crore of these returns were filed by July 26, 2024, which […]
Image Source : FILE Zomato is a food delivery platform. Food delivery platform Zomato on Thursday announced the discontinuation of its intercity food delivery service ‘Legends.’ The service, which allowed users to order iconic dishes from 10 cities across the country, was initially suspended in April this year and relaunched in July with a revised […]
Image Source : SOCIAL MEDIA Konkan Expressway To further enhance road connectivity in the state, the Maharashtra government has proposed the construction of a new expressway, the Konkan Expressway, to connect Mumbai and Goa. The state government said that the Maharashtra State Road Development Corporation (MSRDC) will oversee the development of this 376-km-long, 6-lane access-controlled […]
Image Source : FILE Paytm enters into a deal with Zomato One 97 Communications Limited, the parent company of Paytm, announced on Wednesday that it will sell its entertainment ticketing business to Food delivery giant Zomato for Rs 2048 crore ($244.2 million). The sale includes ticketing services for movies, sports, and events. During a transition […]
Image Source : SOCIAL MEDIA There are many investment options available for senior citizens. If you want to secure your life, then the primary objective should be to secure a steady income from a saved sum of money to support a pleasant life after retirement. Generally, senior citizens look for financial strategies to safeguard their […]
Image Source : FILE Bombay Stock Exchange building The Indian stock market indices gained in the opening session on Monday. Starting the week on a positive note following global stock market sentiments, NSE’s Nifty 50 index gained 95.20 points or 0.39 per cent to reach 24,636.35 in the opening session. Meanwhile, BSE’s Sensex also opened […]
Image Source : FILE Bombay Stock Exchange Limited building. Benchmark equity indices, Sensex and Nifty, saw gains in early trading on Tuesday, driven by positive global market trends and continued retail investor interest. The 30-share BSE Sensex climbed by 338.21 points to 80,762.89, while the NSE Nifty rose by 87.65 points to 24,660.30. Among the […]
Image Source : FREEPIK Representative Image Indian airlines carried over 1.29 crore passengers in July, an increase of more than 7.3 per cent as compared to the year-ago period, official data showed on Monday (August 19). However, the air traffic in July was lower compared to 1.32 crore people carried by the domestic airlines in […]
Image Source : FILE The DDA has launched housing schemes at discounted rates. DDA flats: If you are planning to buy your dream home in the nation’s capital, Delhi, this might be the best news for you. The Delhi Development Authority (DDA) has launched three housing schemes designed to provide affordable housing options for residents in […]
Image Source : PTI Tamil Nadu Chief Minister MK Stalin and Foxconn Hon Hai Chief Young Liu in the Sriperumbudur manufacturing plant Sriperumbudur: Foxconn’s chairman defended its hiring practices after New Delhi ordered investigations following a news agency Reuters report that claimed the Apple supplier rejects married women from iPhone assembly jobs. However, the company is […]
Image Source : FILE Banks to remain closed on Monday for Raksha Bandhan. Raksha Bandhan will be celebrated across the country on Monday and as per the RBI holiday calendar, banks in multiple cities will be closed on Monday on account of this festival as August 19 has been designated a public holioday. Apart from […]
Image Source : AP/FILE IMF’s First Deputy Managing Director Gita Gopinath India has been trailing among G20 nations in terms of employment generation with the country in need to create an additional 148 million jobs by 2030 considering the population growth, IMF’s First Deputy Managing Director Gita Gopinath said on Saturday. Speaking at the Diamond Jubilee […]
Image Source : FILE Bombay Stock Exchange Limited building. In early trading, the Sensex saw a significant jump, gaining 805.96 points to reach 79,911.84. Similarly, the Nifty index surged by 252.05 points, climbing to 24,395.80. This strong market performance reflects positive investor sentiment and robust economic indicators. All 30 Sensex stocks were trading higher, with major […]
Image Source : PTI PM Narendra Modi The Union Cabinet on Friday (August 16) approved two new airport projects in Bihar and West Bengal, and three metro rail projects in Pune, Thane and Bengalore. The Cabinet gave its nod to airport projects at Bagdogra in West Bengal and Bihta in Bihar for an estimated total […]
Image Source : FREEPIK Businessman hand touching IPO Initial Public Offering sign on virtual screen. Saraswati Saree Depot is set to finalise the allotment of its IPO shares on Friday, August 16. Investors who participated in the bidding process, which saw strong demand, can check their allotment status over the extended weekend or by Monday. […]
Image Source : INDIA TV ITR refunds: Understanding refund timelines for ITR-1, ITR-2, ITR-3 filers Taxpayers who have filed their Income Tax Returns (ITR) and are awaiting refunds need not worry about delays. The Income Tax Department is currently processing returns, and refunds will be issued based on the type of ITR form filed. Here’s […]
Image Source : FILE State Bank of India is a public sector bank and the largest bank in the country. The State Bank of India (SBI), the largest state-owned bank in India, has announced an increase in its lending rates by 10 basis points across tenors, effective from August 15, 2024. This marks the third […]
Image Source : FILE PHOTO Representative image New Delhi: There was news recently that government banks collectively charged approximately Rs 8,495 crore from their customers for not maintaining the minimum balance. This news made a lot of headlines. Let us tell you that the country’s largest bank, State Bank (SBI), has not been charging any fee […]
Image Source : PTI Vande Bharat Express trains The Indian Railways reportedly cancelled its Rs 30,000-crore tender for the manufacturing and maintenance of Vande Bharat Express – a semi-high-speed train service. According to the media reports, the railways authorities annulled a tender for 100 aluminium-body Vande Bharat trains to Alstom India. Several media reports confirmed […]
Image Source : FILE PHOTO The 17th installment of the PM Kisan Yojana worth over Rs 21,000 crore was released by Prime Minister Narendra Modi in June this year. PM Kisan Samman Nidhi Yojana: After the recent release of the 17th installment, now the beneficiary farmers are waiting for the next installment of PM Kisan […]
Image Source : SOCIAL MEDIA The Indian Railways in a statement said the collaboration will provide a seamless travel solution, making it easier for passengers to book and travel using both the Indian Railways and the RRTS services. Here comes a piece of good news for the metro commuters. The Indian Railway and National Capital […]
Image Source : FILE The image has been used for representative purposes only India’s net direct tax collection surged by 22.48 per cent, reaching approximately Rs 6.93 lakh crore as of August 11 for the current fiscal year, according to government data released on Monday. This significant increase is said to be the reflection of […]
Image Source : FILE IMAGE Business stock exchange building Indian equity markets faced a sharp decline in early trade on Monday as investor sentiment soured following allegations by the Hindenburg Research against SEBI Chairperson Madhabi Puri Buch and her husband. The report, released on Saturday, accused Buch and her husband of having undisclosed investments in […]
Image Source : FILE PHOTO Representative image Fixed deposits: In the past two months, several public sector banks (PSUs) have adjusted their fixed deposit (FD) interest rates. In August, banks such as Union Bank, Bank of India, and Punjab National Bank updated their FD rates. Currently, Union Bank of India offers the highest interest rate of […]
Image Source : ADANI.COM Representational image Adani Group on Sunday reacted to the allegations made by short seller Hindenburg against capital markets regulator Sebi chairman Madhabi Puri Buch and her husband Dhaval Buch, calling it ‘a red herring’. “The latest allegations by Hindenburg are malicious, mischievous and manipulative selections of publicly available information to arrive […]
Image Source : FILE Bank of Baroda kept its overnight MCLR and 1-month MCLR unchanged at 8.15 per cent and 8.35 per cent, respectively. The Bank of Baroda on Friday announced hike in lending rates by 5 basis points (bps) on 3-month, 6-month, and 1-year tenures, with effect from August 12, 2024. As peer the […]
Image Source : X/@NSITHARAMANOFFC Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das. Union Finance Minister Nirmala Sitharaman has called on banks to concentrate on their core business activities, emphasising the importance of innovative products to increase deposits. She highlighted the need for stricter deposit collection and lending practices while addressing a press conference […]
Image Source : SOCIAL MEDIA Union Bank of India offers an additional rate component to resident senior and super senior citizens on term deposits up to Rs 5 crore. Here comes a piece of good news for bank customers who have fixed deposits in the Union Bank of India. The bank revised its interest rates […]
Image Source : PTI Stock market update Indian markets witnessed heavy buying at the opening bell on Friday. The benchmark BSE Sensex jumped 789 points to reach 79,675, while the Nifty50 climbed by 0.98%, adding 235 points to settle at 24,352. The rally was driven by gains across all sectors, with IT stocks such as […]
Image Source : FILE PHOTO RBI Governor Shaktikanta Das RBI announcements: Reserve Bank of India (RBI) Governor Shaktikanta Das announced several important decisions today. The outcomes of the Monetary Policy Committee (MPC) meeting, which began on June 6, were disclosed today. The RBI has opted to maintain the repo rate at 6.5 per cent for the […]
Image Source : FILE PHOTO UPI transaction limit increased for tax payments to Rs 5 lakh. In a significant update, the Reserve Bank of India (RBI) announced on Thursday that the UPI transaction limit for tax payments has been increased from Rs 1 lakh to Rs 5 lakh per transaction. This change was revealed by […]
Image Source : SANSAD TV (X) Finance Minister Nirmala Sitharaman in Rajya Sabha. Finance Bill 2024: Union Finance Minister Nirmala Sitharaman today (August 7) said the contentious Long Term Capital Gains (LTCG) tax proposal on real estate is being amended to give the option to taxpayers to compute tax liability under the old system or at […]
Image Source : FILE Bombay Stock Exchange Limited (BSE) In a significant recovery, the stock markets rebounded strongly in early trade on Wednesday. The Sensex surged by 1,046.13 points, reaching 79,639.20. Similarly, the Nifty index saw a substantial increase of 313.9 points, climbing to 24,306.45. Among the 30 Sensex firms, Maruti, Infosys, UltraTech Cement, Adani Ports, […]
Image Source : AMAZON Amazon India head Manish Tiwary. In a significant development within the e-commerce sector, Manish Tiwary, the India head of Amazon, has decided to step down from his position. Tiwary’s resignation, confirmed by an Amazon spokesperson, marks the end of an eight-year association with the global e-commerce giant. However, the spokesperson did […]
Image Source : FILE Bombay Stock Exchange Limited (BSE) building. Indian indices opened on a positive note following a rally in Asian markets. This comes after US central bank officials reassured investors, easing nerves from the previous session’s massive selloff. The NSE Nifty 50 index rose 1.11% to 24,329.85, while the BSE Sensex added 1.2% […]
Image Source : PTI Stock market update for August 5 Indian stock markets on Monday followed the global bloodbath as it experienced one of the worst falls with both the indices Nifty and Sensex registering high losses during the opening trade. While the Nifty 50 index declined 414.85 points or 1.68 per cent to open […]
Image Source : ZOMATO (X) Zomato collected Rs 83 crore in platform fee from customers till March 2024. Food delivery aggregator Zomato, which began charging platform fee on orders from last August, collected Rs 83 crore through the new levy till March, the company’s annual report has revealed. Platform fee has been cited as one […]
Image Source : INDIA TV New FASTag rules have come into effect from August 1. New FASTag rules: The National Payments Corporation of India (NPCI) has rolled out new guidelines for FASTag users, which took effect from Thursday, August 1. These updated guidelines primarily focus on updated Know Your Customer (KYC) requirements, aiming to bolster […]
Image Source : FILE Bombay Stock Exchange building. The Sensex closed at a new all-time high of 81,867.55, rising 126 points, while the Nifty scaled the historic 25,000 mark for the first time, closing at 25,010.90. Gains in banking and oil shares, along with positive cues from the US Federal Reserve hinting at a rate […]
Image Source : FILE PHOTO Representative image ITR refund: With the deadline for filing Income Tax Returns (ITR) on July 31 now passed, many taxpayers are eagerly awaiting their refunds. Here’s what you need to know about when you can expect to see your tax refund in your account. This year, over 7.28 crore returns were […]
Image Source : FILE PHOTO Representational picture depicting tax. The Income Tax Department announced a record-breaking 7.28 crore Income Tax Returns (ITRs) for the fiscal year 2024–25, reflecting a 7.5% increase from the previous year’s 6.77 crore returns filed by the July 31 deadline. A significant portion of taxpayers, about 72%, opted for the new […]
Image Source : INDIA TV Stock markets update for August 2. Stock markets update: A day after hitting a record high, the equity benchmark indices opened in red on Friday amid weak global cues. In the early trade, the 30-share BSE Sensex declined 598 points to 81,275.46 Meanwhile, the Nifty was also down by 191 […]
Image Source : PTI/FILE PHOTO GST collections surged by 10.3 per cent in July, crossing the Rs 1.82 lakh crore mark. Goods and Services Tax (GST) collections for July reached Rs 1,82,075 crore, marking a 10.3% year-on-year increase. This follows a collection of Rs 1,65,105 crore in July 2023. The rise in GST revenues signals […]
Image Source : INDIA TV Stock markets update for August 1. Stock markets update: In a positive start to the trading day, benchmark stock market indices saw significant gains on Thursday. The Sensex surged by over 300 points, reaching a record high, while the Nifty50 crossed the 25,000 mark for the first time in history. In the […]
Image Source : PIXABAY REPRESENTATIONAL IMAGE A ransomware attack on a technology service provider has forced payment systems across nearly 300 small Indian local banks to shut down temporarily, news agency Reuters reported citing sources. The attack affected C-Edge Technologies, a provider of banking technology systems to small banks across the country, they said. The […]
Image Source : INDIA TV Stock markets update for July 31. Stock markets update: Equity benchmark indices opened in green registering marginal gains in early trade on Wednesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 79 points to 81,535.12 Meanwhile, the Nifty was also up by 15 points to […]
Image Source : FILE PHOTO Lok Sabha The Lok Sabha on Tuesday passed the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman on July 23. The budget, worth Rs 48.21 lakh crore, was approved by a voice vote. Along with the Union Budget, the lower house of the Parliament also approved the budget of the […]
Image Source : INDIA TV Stock markets update for July 30. Stock markets update: Equity benchmark indices opened in green registering marginal gains in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 67 points to 81,423.53. Meanwhile, the Nifty was also up by 25 points to […]
Image Source : FILE PHOTO Representative Image Several rules often change with the inception of every new month. In line with that, the month of August will also witness some changes that may have an effect on your pocket. Some of the rules that are changing from August 1 and are likely to affect your […]
Image Source : INDIA TV Stock markets update for July 29 Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 350.7 points to 81,683.42. Meanwhile, the Nifty declined was also up by 83.85 points to 24,918.70 points. From […]
Image Source : FILE PHOTO Representative Image The Income Tax Department on Sunday asked income tax return filers to refrain from making bogus claims for expenses, under-reporting their earnings or exaggerating deductions calling it a punishable offence that causes a delay in issuance of refunds. As per the IT Department and its administrative body Central […]
Image Source : INDIA TV Toshihiro Suzuki, Chief Executive Officer of Suzuki Motor Corporation. In a significant move towards a circular economy, Toshihiro Suzuki, CEO of Suzuki Motor Corporation, unveiled the ‘Bhoomi Amrut’ brand logo and launched ‘Power Plus,’ a nutrient-rich liquid organic manure produced by the Banas Biogas Plant, during a farmers’ conclave in […]
Image Source : FILE PHOTO Representative Image The Income Tax Department on Saturday revealed that more than 5 crore Income Tax Returns (ITRs) have been filed on the e-filing portal so far this fiscal year. The figure is 8 per cent more than what it was last year. The IT Department further said that Infosys […]
Image Source : REUTERS Fugitive liquor baron Vijay Mallya leaves the Royal Courts of Justice in London. The Securities Exchange Board of India (SEBI) on Friday barred Vijay Mallya from trading in India’s securities market for three years. SEBI also prohibited Mallya from associating with any listed firm. His existing holdings, including mutual funds, will […]
Image Source : FILE Bombay Stock Exchange building. Benchmark Sensex rebounded by 1,293 points, cutting short a five-day losing streak, while the Nifty shot up nearly 2% to a record high on Friday. The 30-share BSE Sensex jumped 1,292.92 points or 1.62%, to settle at 81,332.72, after soaring 1,387.38 points or 1.73%, during the day. […]
Image Source : FILE PHOTO Representative image Mumbai: The Reserve Bank of India (RBI) has tightened regulations on cash pay-out services by requiring banks to maintain detailed records of recipients. Cash payments refer to the transfer of funds from bank accounts to individuals without bank accounts. The RBI has updated its October 2011 framework for ‘domestic […]
Image Source : FILE PHOTO Securities and Exchange Board of India (SEBI) office. The Securities and Exchange Board of India (SEBI) has announced an increase in the threshold for Basic Services Demat Accounts (BSDA) from Rs 2 lakh to Rs 10 lakh. Effective from September 1, 2024, investors can hold securities worth up to Rs […]
Image Source : FILE Stock markets update for July 24. Stock markets update: The recent budget announcement to increase the short-term capital gains tax on share sales from 15 per cent to 20 per cent and the long-term capital gains tax from 10 per cent to 12.5 per cent is still evident in the stock […]
Image Source : FILE Bombay stock exchange building. In a volatile trading session, the Sensex dropped 280.16 points, closing at 80,148.88. The decline reflects investor concerns over global economic trends and domestic market conditions. Similarly, the Nifty index saw a decline of 65.55 points, settling at 24,413.50. The broader market sentiment remained cautious, with key […]
Image Source : FILE PHOTO Representative image Budget 2024: In the Budget, Finance Minister Nirmala Sitharaman did not make any changes in the old tax regime but increased the exemption limit in the new tax regime, making it more advantageous than before. Following the announcements made by the Finance Minister in Budget 2024, taxpayers are now […]
Image Source : FREEPIK Representational pic Finance Minister Nirmala Sitharaman, who on Tuesday presented the Budget for 2024-25, her 7th straight presentation surpassing the record of former pime minister Morarji Desai, got thumbs-up from HR and Ed-tech industry experts. They said the budget proposals on skilling, internship and job creation will help address the need […]
Image Source : FILE PHOTO Representative image Budget 2024: Finance Minister Nirmala Sitharaman is set to present the Union Budget in Parliament at 11 am today. The budget has been a major trendsetter for the Indian stock market, with major volatility seen in the stock market upon its announcement. According to the available data for the […]
Image Source : FILE PHOTO Representative Image Union Finance Minister Nirmala Sitharaman tabled the Economic Survey in Parliament on Tuesday. The Economic Survey is an annual document which reflects the picture of the nation’s financial condition in the last fiscal year. The document provides an overview of the short-to-medium-term prospects of the economy. The document […]
Image Source : FREEPIK.COM ITR filing 2024 ITR filing 2024: The deadline for filing income tax returns (ITR) is approaching, with the last date to file without late fees for the financial year 2023-24 (assessment year 2024-25) being July 31, 2024. As many people are now filing their returns, it’s crucial to be mindful of several […]
Image Source : PTI (FILE) Finance Minister Nirmala Sitharaman Budget 2024: Finance Minister Nirmala Sitharaman will table the Economic Survey in Parliament on Monday (July 22), a day ahead of the Union Budget. The survey will serve as a report card on the economy, detailing its performance and providing a growth outlook for the future. The Economic […]
Image Source : PIXABAY Representative Image Microsoft outage: The London Stock Exchange was affected by the global outage of the IT systems around the world, Sky News reported on Friday (July 19). According to a statement posted on the exchange’s website early this morning, a technical issue was being investigated with the publication of RNS […]
Image Source : FILE Bombay Stock Exchange building. The BSE Sensex, after reaching a new all-time high of 81,587.76 in early trading, tumbled 738.81 points or 0.91%, to settle at 80,604.65. During the day, it had plummeted by as much as 844.36 points or 1.03% to 80,499.10. This decline came a day after the Sensex […]
Image Source : PTI/FILE PHOTO A man counting Indian currency notes. India’s foreign exchange reserves jumped by USD 9.699 billion, reaching an all-time high of USD 666.854 billion for the week ended July 12, according to data released by the Reserve Bank of India (RBI) on Friday. In the previous reporting week, reserves had risen […]
Image Source : REUTERS Microsoft outage and the Reserve Bank of India (RBI) logo. The Reserve Bank of India (RBI) announced on Friday that the Indian financial sector has largely remained unaffected by the global outage in Microsoft services. According to the RBI, only 10 banks and non-banking financial companies (NBFCs) experienced minor disruptions.
Image Source : FILE Stock markets update for July 18. Stock markets update: A day after the Muharram holiday, share markets opened in red as equity benchmark indices declined in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 251.93 […]
Image Source : FILE Sensex breaches 81,000 mark, Nifty scales 24,800 peak on gains in IT, FMCG shares Stock markets continued their record-smashing run for the fourth straight day on Thursday, with the benchmark BSE Sensex breaching the 81,000 mark for the first time and the NSE Nifty scaling a new peak at 24,800. This […]
Image Source : FILE PHOTO Representative image Budget 2024: Finance Minister Nirmala Sitharaman is set to present the first budget of the Modi 3.0 government on July 23. The upcoming budget is anticipated with high expectations not only from the industry and taxpayers but also from the general public. Senior citizens are particularly hopeful that the […]
Image Source : INDIA TV Stock market update. Stock market update: Indian stock markets are closed today (July 17) in observance of the Muharram holiday, and trading will resume on Thursday. Muharram, the first month of the Islamic lunar calendar, is a significant period for Muslims worldwide. It marks the beginning of the Islamic New Year […]
Image Source : FILE PHOTO ITR Filing 2024 ITR Filing 2024: Filing Income Tax Returns (ITR) is necessary as it reflects the taxpayer’s income for the respective financial year. To avoid penalties, it is essential to file it before the deadline. For FY 2023-24 (Assessment Year 2024-25), the last date to file ITR is July 31, […]
Image Source : REUTERS/FILE PHOTO The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, US. The International Monetary Fund (IMF) has upheld its global growth forecast of 3.2% for 2024 in its latest World Economic Outlook update released on Tuesday. However, the IMF has adjusted projections downward for the United […]
Image Source : FREEPIK.COM Representative image New Delhi: The Central government has announced the implementation of a 5 per cent uniform Integrated Goods and Services Tax (IGST) rate on all aircraft and aircraft engine parts to boost the industry. This decision marks a significant milestone for the domestic Maintenance, Repair, and Overhaul (MRO) industry, aimed at […]
Image Source : FILE Business stock exchange building. The equity benchmark indices BSE Sensex and NSE Nifty continued their upward momentum on Monday, July 15. The Sensex climbed 146 points to settle at an all-time high of 80,665.86, while the Nifty rose 85 points to close at a record 24,586.70. Notably, the Nifty index crossed […]
Image Source : FILE PHOTO Representative image Budget 2024: The government is expected to introduce a bill amending the Insurance Act, 1938, during the upcoming Budget session to achieve the goal of ‘Insurance for All by 2047’. Sources indicated that the amendment bill could include provisions such as composite licenses, differential capital requirements, a reduction in solvency […]
Image Source : FILE PHOTO ITR filling 2024 ITR Filing 2024: As the deadline for filing income tax returns (ITR) approaches, taxpayers have either submitted or are gearing up to file their ITR. The filing deadline to file the return is July 31. It’s important to understand that submitting the income tax return is not the […]
Image Source : FILE Stock markets update for July 12. Stock markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 226.11 points to 80,123.45 Meanwhile, the Nifty was also up by 82.1 points to 24,398.05. Among the Sensex pack, […]
Image Source : FILE Business stock exchange building. The Sensex and Nifty soared nearly 1% on Friday, reaching new lifetime highs driven by robust gains in IT stocks and hopes of a US Federal Reserve rate cut. The BSE Sensex jumped 622 points (0.78%) to a record closing level of 80,519.34. Intra-day, it hit an […]
Image Source : REUTERS Important notice for Axis and HDFC Bank’s customers HDFC Bank and Axis Bank have informed their combined 140 million customers about potential service disruptions this weekend due to system upgrades. Both banks are enhancing their core banking systems, which may affect online and mobile banking services temporarily. HDFC Bank service disruption […]
Image Source : FILE PHOTO Representational image Retail inflation in the country has surged to 5.08 per cent in June against 4.8 per cent in May, government data mentioned on Friday. Meanwhile, the Industrial production jumped to 5.9 per cent in May against 5.7 per cent expansion a year ago, the data said. The Consumer Price […]
Image Source : INDIA TV Union Budget 2024: Insurers seek enhanced tax benefits for health insurance. Insurance sector stakeholders are urging for more tax benefits under the new tax regime. Anup Rau, MD and CEO of Future Generali India Insurance Company, highlighted that the deduction limit on health insurance premiums under Section 80D has not […]
Image Source : FILE Business stock exchange building. The equity benchmark indices saw minimal changes, with the Sensex falling by 27 points to end at 79,897 and the Nifty decreasing by 8.50 points to close at 24,316. From the Sensex basket, Tata Motors, ITC, Kotak Mahindra Bank, Tata Consultancy Services, Asian Paints, and State Bank […]
Image Source : PTI Prime Minister Narendra Modi. Union Budget 2024: Prime Minister Narendra Modi is set to meet with eminent economists on Thursday to gather their views and suggestions for the upcoming Budget. In addition to economists and sectoral experts, the meeting will also be attended by Niti Aayog Vice Chairman Suman Bery and […]
Image Source : FILE PHOTO Budget 2024: Central govt employees may receive 50 per cent of last drawn salary as a pension under NPS. As the Finance Ministry prepares to present the 2024–25 fiscal year budget, the National Democratic Alliance (NDA) government is contemplating a significant reform for central government employees. According to a report […]
Image Source : PTI/FILE PHOTO Prime Minister Narendra Modi interacts with people. Prime Minister Narendra Modi will meet with top economists and sectoral experts on Thursday to gather insights for the upcoming Union Budget. Union Finance Minister Nirmala Sitharaman is slated to present the 2024–25 Budget in the Lok Sabha on July 23. The meeting […]
Image Source : FILE Representative Image The Reserve Bank of India released an update on employment in India and said that the nation added nearly 4.7 crore jobs during the financial year 2023-24. With this, the total number of employed people in India reached 64.33 crore, who are spread over 27 sectors covering the entire […]
Image Source : REUTERS/FILE PHOTO The headquarters of HDFC Bank is pictured in Mumbai. HDFC Bank has announced a scheduled system upgrade on Saturday, July 13, 2024, aimed at enhancing performance speed, increasing capacity, and improving overall system reliability. This upgrade will result in temporary limitations on certain banking services. Customers are advised to plan […]
Image Source : FILE PHOTO Representative Image The deadline of July 31 to file the Income Tax Return for assessment year 2024-25 is nearing. Once the ITR is filed, the Income Tax Department will conduct an assessment and provide tax refunds. Hence, the filing of the ITR and subsequent processing of it is of paramount […]
Image Source : FILE PHOTO Representational image US short-seller Hindenburg Research had shared an advance copy of its damning report against Adani group with New York-based hedge fund manager Mark Kingdon about two months before publishing it and profited from a deal to share spoils from share price movement, according to market regulator Sebi. The […]
Image Source : PIXABAY Representative Image The Food Safety and Standards Authority of India (FSSAI) has approved a proposal to display nutritional information of — total sugar, salt and saturated fat on labels of packaged food items. The move is aimed at empowering consumers to be better informed about the nutritional value of food products. […]
Image Source : PTI Prime Minister Narendra Modi with Gujarat Chief Minister Bhupendra Patel Gujarat marked a significant leap in the annual increase in the FDI inflow during the Financial Year 023-24 and recorded a jump of USD 2.6 billion, according to the data released by the Department for Promotion of Industry and Internal Trade […]
Image Source : FILE PHOTO Representative Image Regalo Kitchens, a leader in home interior and kitchen design, has announced the opening of its first franchise in Bengaluru. The latest franchise will strengthen the company’s hold in the South Indian market. Notably, the company already has experience centres in six major cities. The opening of another new […]
Image Source : INDIA TV Stock markets update for July 4, 2024. Stock markets: Equity benchmark indices continued their record run as they opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed over 300 points to 80,343. Meanwhile, the Nifty was also up by 97 […]
Image Source : PTI Rajnath Singh Defence Minister Rajnath Singh on Friday said the country has registered the highest-ever growth in the value of defence production in 2023-24, and that the Make in India programme is crossing new milestones. He also said that the government is committed to creating a more conducive regime for developing […]
Image Source : FILE PHOTO Representative image Income Tax Return Filing: Whether you are employed or have your own business, as an individual taxpayer, you need to file your Income Tax Return (ITR) by July 31. The Income Tax Department has now made filing an income tax return very easy. If you want to file it […]
Image Source : FILE Business stock exchange building. Benchmark indices ended Thursday’s trading session on a positive note, driven by a strong rally in information technology (IT) stocks. The S&P BSE Sensex closed 62.87 points higher at 80,049.67, while the NSE Nifty50 gained 15.65 points, settling at 24,302.15. The Nifty IT index rose over 1%, emerging […]
Image Source : PTI (FILE) Sensex crosses 80,000 for first time, Nifty hits record high in early trade. Equity benchmark indices started the trade on an optimistic note today (July 3) morning, with the Sensex breaching the historic 80,000-mark for the first time ever and the Nifty hitting its fresh lifetime high, amid heavy buying […]
Image Source : FILE Business stock exchange building. The BSE Sensex and NSE Nifty indices reached new record highs during intraday trade, driven by positive global cues on Wednesday. The BSE Sensex breached the 80,000-mark for the first time, touching an all-time high of 80,074 before closing at 79,987, up by 545 points. Similarly, the […]
Image Source : FILE PHOTO US-based short seller Hindenburg Research rocked the Adani Group with allegations of stock market manipulation Adani-Hindenburg row: Hindenburg Research, the US-based short-seller, said it received a show-cause notice from India’s capital market regulator Securities and Exchange Board of India (SEBI) in the Adani Group case. Hindenburg said that the notice outlines […]
Image Source : FILE Stock market update for July 2 Stock markets update: Equity benchmark indices opened higher in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 364 points to 79,840. Meanwhile, the Nifty was also up by 95 points to 24,236. In the market today, […]
Image Source : ANI Representative Image The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crores at the close of business on May 19, 2023, when the withdrawal of Rs 2000 banknotes was announced, has declined to Rs 7581 crores at the close of business on June 28, 2024, the […]
Image Source : FILE Business stock exchange building. The Sensex surged by 443 points to close at a new all-time high of 79,476.19, while the Nifty climbed 131.35 points to end above the 24,100 mark at 24,141.95, hitting fresh lifetime highs on Monday. Major contributors to the rally included Tech Mahindra, UltraTech Cement, Bajaj Finance, […]
Image Source : PTI Business stock exchange building. The 30-share BSE Sensex climbed 134.64 points in early trade to hit a fresh all-time high of 78,188.16. The Nifty also rose by 28.2 points to 23,749.50. Despite early gains, both indices encountered volatile trends, oscillating between highs and lows as profit-taking emerged. Top performers and laggards […]
Image Source : FILE The image has been used for representative purposes only. The Indian economy is poised for a potentially stable high-growth phase and is in a strong position despite significant risks, according to RBI’s monetary policy committee member Shashanka Bhide. Speaking on Sunday, Bhide emphasised that the growth of income will support domestic […]
Image Source : INDIA TV Key financial deadlines and rule changes in July 2024 As we approach July, significant financial changes are on the horizon, affecting various facets of our economic landscape. From crucial Lok Sabha election results to impending income tax return deadlines and revisions in credit card policies, staying informed is paramount for […]
Image Source : FILE PHOTO Representative Image The Reserve Bank of India recently released the data on the personal loan segment suggesting that the housing loan outstanding has swelled at a faster rate on a year-on-year basis in May 2024. This comes as the personal loan segment has decelerated in the same period. The credit […]
Image Source : FILE Business stock exchange building. The BSE Sensex soared to an all-time high on Friday, jumping 243.15 points to reach 79,486.33 in the opening trade. The NSE Nifty followed suit, climbing 74.2 points to a record 24,118.7. Key large-cap stocks such as NTPC, Sun Pharma, Tech Mahindra, PowerGrid, and Tata Motors were […]
Image Source : PIXABAY India’s foreign exchange reserves jump by USD 816 million to USD 653.71 billion. India’s forex reserves jumped by USD 816 million to USD 653.711 billion for the week ended June 21, the Reserve Bank of India (RBI) said today (June 28). In the previous reporting week, the overall reserves had dropped […]
Image Source : PTI Business stock exchange building. The 30-share BSE Sensex fell by 149.41 points to 78,524.84 after reaching an all-time high of 78,771.64 in early trading. Similarly, the Nifty dropped 47.45 points to 23,821.35. Among the 30 Sensex companies, Mahindra & Mahindra, Tech Mahindra, Larsen & Toubro, HCL Technologies, Maruti, Bharti Airtel, Tata […]
Image Source : PTI/FILE PHOTO New Delhi: President Droupadi Murmu addresses the joint sitting of the Lok Sabha and Rajya Sabha in New Delhi. President Droupadi Murmu delivered her address to the joint session of Parliament today, emphasising that the government’s mantra of “reform, transform, and perform” has yielded positive results. She highlighted the upcoming […]
Image Source : FILE The image has been used for representative purposes only. Yes Bank layoffs: Yes Bank has undertaken an internal restructuring exercise resulting in the layoff of 500 employees, with further layoffs expected in the coming weeks, according to media reports. The layoffs have affected personnel across various verticals, including wholesale and retail […]
Image Source : INDIA TV Stock markets update — June 26. The benchmark indices for the stock market, Sensex and Nifty, ended at their new all-time high levels on Wednesday. This surge mirrored the rally seen among Asian markets and was bolstered by significant buying activity in Reliance Industries. The 30-share BSE Sensex saw a […]
Image Source : FREEPIK.COM Representative image Bank Holidays July 2024: The banks across the country will remain closed for 12 days in July this year due to regional holidays and weekend closures. The Reserve Bank of India (RBI) has issued the complete list of bank holidays for the year and as per the RBI’s holiday list, […]
Image Source : PTI Business stock exchange building. After a bearish start on Monday, influenced by global market weaknesses and significant foreign fund outflows, the Indian equity benchmarks witnessed a strong rebound on Tuesday. The 30-share BSE Sensex gained back 541.25 points, rising to 77,882.33 points in early trade today. Similarly, the broader Nifty index […]
Image Source : PTI Union Finance Minister Nirmala Sitharama holds a pre-budget meeting in New Delhi. Union Budget 2024: During a pre-budget meeting with Finance Minister Nirmala Sitharaman on Monday, trade union leaders put forth several key demands, emphasising the constitution of the 8th Pay Commission, an increase in tax rebates for the salaried class, […]
Image Source : PTI The image has been used for representative purposes only. The Reserve Bank of India (RBI) on Monday stated that India recorded a current account surplus of USD 5.7 billion, equivalent to 0.6 per cent of Gross Domestic Product (GDP), for the March quarter. This marks a significant improvement from the same period […]
Image Source : PTI Union Finance Minister Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman on Saturday (June 22) chaired the 53rd GST council meeting, and made several announcements ahead of the Budget. “There is going to be a rolling out of biometric-based Aadhaar authentication on an all-India basis. This will help us to combat fraudulent […]
Image Source : PTI (FILE) Canara Bank. Canara Bank’s official social media handle on X (formerly Twitter) has been hacked. The hacker changed the username of the handle to ‘ether.fi’. Currently, Canara Bank’s official account (@canarabank) has 2.55 lakh followers. However, the bank has yet to take action in response. Till 1:30 p.m, no new […]
Image Source : MINISTRY OF FINANCE (X) Union Finance Minister Nirmala Sitharaman. GST council meeting: Union Finance Minister Nirmala Sitharaman today (June 22) said the intention of the central government has always been to bring petrol and diesel under Goods and Services Tax (GST), and it is now up to the states to come together and […]
Image Source : PTI (FILE) Sensex halts record-breaking rally, down by 269 points. Market closing update: Halting their record-breaking rally, equity benchmark indices Sensex and Nifty buckled under selling pressure as investors pared exposure to oil and gas, capital goods and Fast-moving consumer goods (FMCG) stocks amid a bearish trend in global markets. Snapping its six-day […]
Image Source : FILE The image has been used for representative purposes only. In its latest report, the Reserve Bank of India said that India’s foreign exchange reserves witnessed a decline of USD 2.922 billion to reach USD 652.895 billion as of June 14. The previous week had seen a significant increase, with reserves soaring […]
Image Source : UNSPLASH Representational Image Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, reported a significant decline in 2024, annual data from Switzerland’s central bank showed on Thursday. According to the data released by Switzerland’s central bank, Indian funds in Swiss banks were down […]
Image Source : AP Bank of England The Bank of England kept its main interest rate unchanged at a 16-year high of 5.25% on Thursday ahead of a July 4 election, but some policymakers said their decision not to cut rates was now “finely balanced”. The BoE’s Monetary Policy Committee voted 7-2 to keep rates […]
Image Source : FILE Business stock exchange building. Indian shares surged to new record highs in early trading, tracking gains in global equities. The NSE Nifty 50 rose by 0.31% to 23,629.85, while the S&P BSE Sensex climbed 0.31% to 77,543.22. The rally was driven by expectations of an early rate cut by the Federal […]
Image Source : X/@CRISILLIMITED Adani Group Chairman Gautam Adani. Gautam Adani, Chairman of Adani Group, highlighted the crucial role of infrastructure in India’s economy during the CRISIL-organised event “Infrastructure – Inspiration for India’s Future” on Wednesday. He stressed that infrastructure plays a pivotal role in the country’s economic framework and predicted it would play a […]
Image Source : PTI Business stock exchange building. The Indian stock markets witnessed a significant surge as the Sensex and Nifty reached new all-time high levels in early trading on Monday. The S&P BSE Sensex rose by 0.22% to 77,180.69 at 9:16 am, while the NSE Nifty50 gained 0.25%, trading at 23,523.30. Energy stocks lead gains […]
Image Source : INDIA TV PM Kisan 17th installment: Steps to check beneficiary status online, complete KYC formalities The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) Yojana, launched by the NDA government in 2018, aims to support landholding farmer families by providing financial assistance for agricultural and allied activities. Eligible farmers receive Rs 2,000 every four […]
Image Source : PTI Finance Minister Nirmala Sitharaman New Delhi: The GST Council, chaired by Finance Minister Nirmala Sitharaman, is scheduled to meet on June 22 in the national capital after a gap of eight months. The council is expected to review the implementation of the 28 per cent GST on the online gaming sector. The agenda […]
Image Source : PTI (FILE) Eid-al-Adha 2024: Stock market to remain closed tomorrow for Bakrid festival. Eid-al-Adha 2024: The stock market will be closed for trading on Monday (June 17) on the auspicious occasion of Bakri Eid. According to the National Stock Exchange’s (NSE) official website, the trading is set to resume on Tuesday (June 18). […]
Image Source : FREEPIK Representative Image The petrol and diesel prices are likely to go up in Karnataka as the Congress-led state government revised sales tax by 29.84 per cent and 18.44 per cent. According to the Petroleum Dealers Association, petrol and diesel prices are likely to go up by Rs 3 and Rs 3.05 […]
Image Source : FILE PHOTO Representative image New Delhi: Mumbai ranked third and Delhi fifth among the top 44 cities globally in terms of housing price increases during the January-March 2024 period, as per the London-based global property consultancy firm Knight Frank’s recent report ‘Prime Global Cities Index Q1 2024’. However, Bengaluru’s ranking has also improved […]
Image Source : FREEPIK A representational picture of a doctor with a stethoscope. The Insurance Regulatory Development Authority of India (IRDAI) has introduced new customer-friendly measures for health insurance policies. According to the latest circular, if insurers fail to settle claims within three hours during discharge, they must cover any additional costs incurred due to […]
Image Source : FILE PHOTO Representational image The wholesale inflation rose for the third consecutive month in May at 2.61 per cent on account of rise in prices of food articles, especially vegetables, and manufactured items. “Positive rate of inflation in May, 2024 is primarily due to increase in prices of food articles, manufacture of food […]
Image Source : FILE The image has been used for representative purposes only. Moody’s latest Ratings revealed that India is poised to maintain its position as the Asia-Pacific region’s top-performing economy in 2024, continuing the robust growth driven by domestic factors seen last year. According to its report titled “Credit Conditions – Asia-Pacific H2 2024 […]
Image Source : FILE Business stock exchange building. The Indian stock markets opened at fresh record highs on Thursday as the US Federal Reserve maintained interest rates. The Fed also signaled only one rate cut by the end of the year, despite high inflation. The Nifty hit a lifetime high of 23,481, climbing 159 points […]
Image Source : FILE PHOTO Representative image Retail inflation: Retail inflation eased to a 12-month low of 4.75 per cent in May as prices of some kitchen items declined marginally, according to government data released on Wednesday. The Consumer Price Index (CPI) based retail inflation was 4.83 per cent in April 2024 and 4.31 per cent in […]
Image Source : PTI Business stock exchange building. Benchmark equity indices soared on Wednesday, with the Nifty reaching a new record high and the Sensex climbing nearly 600 points. This surge was driven by strong buying in blue-chip stocks like HDFC Bank and Reliance Industries, alongside gains in IT stocks. The NSE Nifty rose by […]
Image Source : FILE Business stock exchange building. In the early hours of trading on Tuesday, benchmark equity indices experienced a downturn as investors engaged in profit taking following a record-breaking rally. Notable bluechips like Reliance Industries and HDFC Bank witnessed selling pressure, contributing to the decline. Indices fluctuate amid volatile trends Sensex and Nifty, […]
Image Source : PTI Markets at all-time high: Nifty and Sensex reach record levels India’s benchmark indices reached new heights shortly after markets opened on June 10, led by gains in Reliance Industries Ltd and Axis Bank Ltd. This surge followed Narendra Modi’s swearing-in as Prime Minister for a third term on Sunday. As of […]
Image Source : PTI/FILE PHOTO Reserve Bank of India Governor Shaktikanta Das speaks during an event. The Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) opted to maintain the policy rate, the repo rate, at 6.5% on Friday, marking the eighth consecutive meeting without a change. This decision implies that interest rates will remain […]
Image Source : PTI/FILE PHOTO Reserve Bank of India (RBI) Governor Shaktikanta Das at a press conference in Mumbai. The Reserve Bank of India (RBI) on Friday proposed a facility to allow customers to automatically replenish their UPI Lite wallets. This initiative aims to promote small-value digital payments by simplifying the process for users. Currently, […]
Image Source : INDIA TV Stock markets update for June 7 Stock markets: The Indian stock markets experienced a significant surge, with both the Sensex and Nifty indices climbing over 2 per cent, driven by optimism as the formation of a new government approached, according to market experts. The Sensex reached a historic peak, hitting […]
Image Source : PTI Undated photo of media personality and entrepreneur Ramoji Rao who passed away on Saturday, June 8, 2024, at the age of 88. Businessman, media baron who founded Eenadu & Ramoji Film City, Ramoji Rao, who was battling heart-related issues, died at a hospital in Telangana’s Hyderabad in the wee hours on Saturday. […]
Image Source : FILE Adani Solar win Top Performer position for 7th year in a row In a major achievement for the Adani Group, its solar photovoltaic (PV) arm Adani Solar has been recognised as a top performer in the 10th Edition of Kiwa PVEL’s PV Module Reliability Scorecard on Friday. This is the seventh […]
Image Source : PTI Business stock exchange building. The Indian stock market saw positive momentum in early trade on Thursday, with key indices showing significant gains. The BSE Sensex surged 254.53 points, reaching 75,329.04. This rise reflects growing investor confidence and favourable market conditions. Indian benchmark indices saw a slight decline of up to 0.15% […]
Image Source : WWW.GODREJINDIASAARC.COM Nisaba Godrej, executive chairperson of Godrej Consumer, resigns. Nisaba Godrej, executive chairperson of Godrej Consumer, has resigned as an independent director from the board of VIP Industries, citing differences over leadership accountability and succession planning. The resignation was effective June 3, 2024, and was disclosed in a stock exchange filing on […]
Image Source : PTI Business stock exchange building. The stock market opened on a robust note Thursday, buoyed by the NDA’s unanimous backing of PM Narendra Modi for a third term. The Sensex jumped 696.46 points to 75,078.70, while the Nifty climbed 179.15 points to 22,799.50. Among Nifty companies, 29 advanced while 21 declined. Leading […]
Image Source : ANI NPCI International Payments Limited and the Central Reserve Bank of Peru (BCRP) announce partnership for UPI In a groundbreaking move, NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) announced on Wednesday their collaboration to introduce a real-time payments system in Peru, modeled after India’s Unified Payment […]
Image Source : PTI Business stock exchange building. Benchmark equity indices Sensex and Nifty showed a strong rebound in early trade on Wednesday after significant losses in the previous session. Value-buying at lower levels led to this uptrend, signalling investor confidence returning to the markets. The 30-share BSE Sensex surged 948.83 points, reaching 73,027.88 in […]
Image Source : PTI/FILE PHOTO Ahmedabad: Adani Group Chairman Gautam Adani shows his inked fingers after casting votes at a polling booth. Billionaire Gautam Adani’s net worth approached $100 billion on Monday as Indian stock markets rallied. Shares in his companies surged up to 18% after exit polls predicted a third term for Prime Minister […]
Image Source : PTI/FILE PHOTO Representational picture of Rs 2000 banknotes. The Reserve Bank of India (RBI) revealed on Monday that 97.82% of the Rs 2000 denomination banknotes have made their way back into the banking system, leaving only Rs 7,755 crore worth of the withdrawn notes still in the possession of the public. The […]
Image Source : FILE PHOTO Representative image Mother Dairy price hike: Mother Dairy on Monday announced a Rs 2 per litre increase in milk prices in the Delhi-NCR region, citing a rise in input costs over the past 15 months. The price hike for all milk variants takes effect from Monday (June 3) in Delhi-NCR and other […]
Image Source : INDIA TV Representative Image In a latest development, India’s gross GST collections rose to Rs 1.73 lakh crore in May, registering a 10 per cent year-on-year growth driven by augmented revenues from domestic transactions, the finance ministry stated on Saturday. The 10 per cent year-on-year growth in May collection is driven by […]
Image Source : PTI Representational Image India’s Gross Domestic Product (GDP) demonstrated robust growth in the January–March 2024 quarter (Q4 FY24), exceeding analysts’ expectations, as per the latest official data released on Friday, May 31. The GDP expanded by 7.8 percent year-on-year during this period, compared to the 6.2 percent growth recorded a year ago. […]
Image Source : INDIA TV GMR-led DIAL launches awareness campaign on Wildlife Hazard Management. Delhi International Airport Limited (DIAL), a subsidiary of GMR Airports Infrastructure Limited, launched a critical awareness campaign on Wednesday in the Rangpuri Pahari area aiming at educating the local community about the dangers of wildlife strikes, particularly bird strikes, which pose […]
Image Source : INDIA TV (FILE) Stock markets Equity benchmark indices rebounded in early trade on Friday (May 31), after witnessing a decline for the last five days, amid a rally in Asian markets along with buying in index majors Larsen & Toubro and Mahindra & Mahindra. The 30-share BSE Sensex climbed 550.22 points to […]
Image Source : PTI/FILE PHOTOS Reliance and Tata named among TIME’s ‘World’s Most Influential Companies’ TIME magazine has unveiled its coveted list of 100 World’s Most Influential Companies for 2024, featuring India’s corporate powerhouses Reliance Industries and Tata Group, along with Serum Institute. Reliance Industries, headed by Mukesh Ambani, earned its spot for the second […]
Image Source : FILE Stock markets update for May 30. Stock markets update: Equity benchmark indices declined on second consecutive days in early trade on Thursday amid weak trends in Asian markets and unabated foreign fund outflows. In the early trade, the 30-share BSE Sensex fell 183.39 points to 74,319.51. Meanwhile, the Nifty declined 58.90 […]
Image Source : PTI Representational image S&P Global Ratings on Wednesday upgraded India’s sovereign rating outlook to positive from stable while retaining the rating at ‘BBB-‘ on robust growth and improved quality of government expenditure. S&P said it could upgrade India’s sovereign rating in the next 2 years if the country adopts a cautious fiscal […]
Image Source : PTI (FILE) Representative image Gold and silver prices: The price of 24-carat gold went up by Rs 10, with 10 grams of the precious metal trading at Rs 72,940 on Wednesday. Similarly, the price of silver also rose by Rs 100, with 1 kilogram of the precious metal selling at Rs 96,600. City-wise […]
Image Source : INDIA TV Life Insurance Corporation of India (LIC) logo. Life Insurance Corporation of India (LIC) is planning to enter the health insurance market and is exploring potential acquisitions to facilitate this expansion. This initiative follows a proposal to introduce composite insurance companies, which would allow life insurers to offer hospitalisation and indemnity […]
Image Source : INDIA TV Bank Holidays in June 2024 Bank Holidays in June 2024: Bank customers should be prepared for several non-working days in June 2024 due to religious holidays and weekend closures. Banks will be closed for up to 12 days in June, including Sundays and the second and fourth Saturdays this month. Here’s […]
Image Source : INDIA TV MSC Anna docked at Adani Ports, Mundra In a remarkable development for India’s maritime industry, Mundra Port, the flagship of Adani Ports and Special Economic Zone Ltd. (APSEZ), created a new record by welcoming the largest container ship ever to call at an Indian port. The vessel, MSC Anna, with […]
Image Source : FILE PHOTO Representative image Investment schemes: Many people in the country opt for fixed deposit investments due to their high interest rates. However, it’s worth noting that the government offers several savings schemes with interest rates higher than those of fixed deposits, along with additional benefits. These schemes typically offer higher returns compared […]
