Rupee surged to 83.04 against US dollar after exit poll result
The rupee surged 38 paise to reach its three-month high level of 83.04 against the US dollar. The country's Goods and Services Tax (GST) receipts increased 10 per cent to Rs 1.73 lakh crore in May. On Friday, foreign investors bought shares worth a net of Rs 1,613.24 crore.
03 June,2024 12:16 PM IST | Mumbai | mid-day online correspondentThe sensex hit high records after exit polls predicted a resounding victory for the BJP-led NDA in the Lok Sabha Elections 2024.
03 June,2024 11:25 AM IST | Mumbai | mid-day online correspondentIn the previous reporting week, the kitty had reached an all-time high of USD 648.7 billion after a jump of USD 4.549 billion
01 June,2024 08:17 AM IST | Mumbai | AgenciesGovernor Shaktikanta Das announced the second bi-monthly monetary policy for the financial year 2024-25 at 10 am on Friday. The RBI's repo rate, is currently held at 6.50 per cent, unchanged since February 2023.
07 June,2024 11:43 AM IST | Mumbai | mid-day online correspondentPrivate banks outperformed the Nifty, with HDFC Bank, Axis Bank, RBL Bank, ICICI Bank, IndusInd Bank, and Kotak Bank all making large gains.
19 June,2024 04:05 PM IST | Mumbai | mid-day online correspondentSEBI highlighted risks of low-turnover derivative equities in a recent consultation paper, including potential market manipulation, higher volatility & weaker investor protection.
18 June,2024 01:38 PM IST | Delhi | mid-day online correspondentThe top gainers in the Nifty 50 were Adani Enterprises, Wipro, Adani Ports, Mahindra & Mahindra, and Titan. The top losers were Dr Reddy's, Maruti, TCS, HDFC Life, and Divis Labs.
18 June,2024 12:48 PM IST | Mumbai | mid-day online correspondentIn terms of sector-wise hiring, the Banking, Financial Services and Insurance (BFSI) sector employs the largest percentage of LGBTQIA+ talent of the available workforce at 18-20 per cent, followed by the IT sector at 15-18 per cent, and the consulting sector at 12-15 per cent
14 June,2024 02:05 PM IST | Mumbai | IANSThe 30-share BSE Sensex rose 538.89 points to a lifetime high of 77,145.46, while the NSE Nifty gained 158.1 points to a record high of 23,481.05
13 June,2024 11:07 AM IST | Mumbai | mid-day online correspondentAt the interbank foreign currency market, the rupee began at 83.52 and fell to 83.54 against the dollar, a 6-paise reduction from its previous closing level.
13 June,2024 10:07 AM IST | Mumbai | mid-day online correspondentRBI expands UPI credit line linking and unveils AI ethics framework
RBI extends UPI credit line linking to Small Finance Banks, introduces an AI ethics framework, and launches AI-driven fraud detection to strengthen the financial system.
06 December,2024 12:31 PM IST | New DelhiBitcoin hits USD 100,000 as big rally fueled by Trump's election victory persist
The achievement comes just hours after the President-elect chose Paul Atkins to be the new chair of the Securities and Exchange Commission
05 December,2024 09:51 AM IST | New York | mid-day online correspondentMorgan Stanley lowers India’s GDP growth projection to 6.3% for FY25
Morgan Stanley has revised India’s GDP growth forecast for FY25 from 6.7 percent to 6.3 percent, citing a slowdown in the July-September quarter. However, signs of recovery in October and November indicate a rebound in the latter half of the fiscal year
03 December,2024 12:36 PM IST | MumbaiIndia's GDP growth slows to 5.4% in Q2 FY25, annual growth may dip below 6.5%
India's GDP growth dropped to 5.4 percent in Q2 FY25, primarily due to a manufacturing-led slowdown, with full-year growth expected to fall below 6.5 percent, as per an SBI report
30 November,2024 09:26 AM IST | New DelhiNifty recovers 24000 mark, Sensex rises 400 points after sharp fall
Nifty regains the 24,000 mark and Sensex surges by 400 points after a sharp correction on Thursday, as global market concerns weigh on investor sentiment
29 November,2024 10:00 AM IST | MumbaiNifty, Sensex rally for third session as experts flag caution
Indian stock markets extended their bullish trend on Tuesday as Nifty and Sensex recorded gains for the third consecutive session. Experts caution that selling pressure remains amid MSCI rebalancing-driven FII buying
26 November,2024 10:05 AM IST | MumbaiRetirement Planning: Want to retire early? Will FIRE strategy really help?
At one point of time, 60 years was the base retirement age. But times have changed now and youngsters want to retire by their 30’s. FIRE method has emerged as a very famous tool to achieve that. Choose FIRE to RETIRE! This has been the mantra given by many finance gurus when it comes to early retirement. But will this really work for you? In this episode of Money Matters, SEBI Registered financial advisor Kalpesh Ashar in conversation with Katyayani Kapoor breaks the myth of the FIRE strategy and where it is flawed when it comes to retirement planning. Take a look.
Rupee strengthens 8 paise to 84.78 against the US dollar in early trade
The Indian rupee appreciated by 8 paise to 84.78 against the US dollar in early trade on December 10, aided by foreign fund inflows and positive trends in domestic equities.
10 December,2024 10:55 AM IST | MumbaiSensex, Nifty rebound in early trade, rise by 193 points and 47 points
Sensex and Nifty recover from two-day downtrend in early trade on Tuesday, led by value-buying in blue-chip stocks Infosys and HDFC Bank, along with positive cues from Asian markets
10 December,2024 10:51 AM IST | MumbaiRupee drops 7 paise to 84.73 against the US dollar in early trade
The Indian rupee weakened by 7 paise to 84.73 against the US dollar in early trade on Monday, driven by foreign fund outflows and subdued domestic equities. Experts predict limited downside for the rupee in the near term.
09 December,2024 10:14 AM IST | MumbaiRupee rises by 7 paise to 84.64 against the US dollar in early trade
The Indian rupee strengthened by 7 paise to 84.64 against the US dollar on Friday morning, bolstered by foreign fund inflows, though muted equity trends capped its gains. Market participants await the Reserve Bank of India's policy decision today.
06 December,2024 10:12 AM IST | MumbaiMarkets experience sharp volatility ahead of RBI monetary policy announcement
Markets saw sharp volatility with Sensex dipping 75 points and Nifty losing 25 ahead of the RBI monetary policy announcement. Foreign investment and retail buying led to intra-day fluctuations
06 December,2024 10:06 AM IST | MumbaiMarkets rise in early trade, up 1.5% driven by IT stocks and foreign inflows
Indian equity indices Sensex and Nifty surged in early trade, rising by 1.5 percent, driven by gains in IT stocks and fresh foreign institutional investment, continuing their upward momentum
05 December,2024 10:17 AM IST | Mumbai72% of taxpayers opt for New Tax Regime while filing ITR for AY 2024-25
5.27 crore have been filed in the New Tax Regime while the remaining 2.01 crore ITRs are filed in the Old Tax Regime
02 August,2024 04:28 PM IST | Mumbai | mid-day online correspondentRupee settles flat, gains 1 paisa against US dollar on month-end demand
The rupee held steady against the dollar on Thursday, rising by 1 paisa to close at 84.07 amidst month-end demand and potential RBI intervention. Foreign fund outflows and importer demand weighed on the currency as it neared record low levels.
31 October,2024 04:34 PM IST | MumbaiCREDAI-MCHI report shows surge in housing sales in MMR
The report highlights a substantial surge in sales in certain regions, including South Mumbai, which saw a 41 per cent increase driven by the redevelopment of old buildings into luxury projects
02 July,2024 10:35 AM IST | Mumbai | mid-day online correspondent