Image Source : PTI State Bank of India The State Bank of India (SBI) on Friday announced an increase in the marginal cost of MCLR by 5-10 basis points for select tenors. This means that the EMI of home loans, car loans, and personal loan will increase for the common people. Loans, such as auto […]
Image Source : ADANI GROUP Pranav Adani, Managing Director (Agro, Oil and Gas) of Adani Enterprises in Bihar Business Connect 2023 The Adani Group vowed on Thursday to raise the conglomerate’s investment in Bihar in addition to expanding into new sectors where they had no presence in the state. The group said it would make […]
Image Source : PTI Picture for representational purposes There has been a double blow on the inflation front. After increasing retail inflation in November, now wholesale inflation has also reached the highest level in 8 months. The wholesale inflation stood at 0.26 percent in November which rose sharply after remaining below zero for seven months […]
Image Source : PTI Representative image Amid a strong American currency overseas, the rupee depreciated 3 paise to revisit the all-time closing low of 83.40 against the US dollar on Wednesday. According to Forex traders, a steep fall in crude oil prices from USD 76 per barrel to the below USD 73 level provided support, […]
Image Source : FILE Business stock exchange building. In the early trade on Wednesday, Indian equity benchmarks faced a downturn, primarily influenced by declines in bank, financial, and information technology (IT) sectors. The 30-share BSE Sensex declined by 0.18%, dropping 123 points to reach 69,428, while the broader NSE Nifty was down 0.11%, shedding 24 […]
Image Source : PIXABAY Representative Image Retail inflation rose up to a three-month high of 5.55 per cent in November this year, driven by higher food prices, according to official data released on Tuesday (December 12). The retail inflation based on the Consumer Price Index (CPI) was at 4.87 per cent in October. Inflation had been […]
Image Source : PTI Representative Image SpiceJet on Tuesday (December 12) announced that it will raise fresh capital of Rs 2,250 crore through issuance of equity shares. The board of the airline has okayed the issuance of equity shares/equity warrants under a private placement basis. The proposed fund infusion will go a long way in […]
Image Source : FREEPIK Representative Image Business news: Equity benchmark Nifty touched a milestone of 21,000 in the afternoon trade on Friday (December 8), and the Sensex scaled its all-time intraday high of 69,888.33, soon after the Reserve Bank of India’s decision to keep policy rates unchanged in line with market expectations. The 50-share benchmark […]
Image Source : FILE Business stock exchange building. In a significant surge, the BSE Sensex and NSE Nifty demonstrated robust performance on Monday, witnessing the Sensex crossing the historic 70,000 mark and the Nifty50 reaching above 21,000 in early trade. At 9:55 am, the BSE Sensex showed an uptick of 117 points, standing at 69,942, […]
Image Source : JUBILANT INDUSTRIES LTD Jubilant Industries MD and CEO Manu Ahuja passes away Jubilant Industries’ MD and CEO Manu Ahuja passed away on Saturday (December 9), the company said. In a regulatory filing on Sunday (December 10), Jubilant Industries Ltd said, “We regret to inform you of the sudden and sad demise of […]