The reserves have been falling, most likely as a result of RBI intervention aimed at forcefully preventing the rupee from depreciating sharply
Indian stock markets opened nearly flat with slight positive movement as experts express concerns over the sustainability of FIIs' buying due to macroeconomic factors like a strengthening US dollar. Market movements are expected to remain moderate until major corporate earnings reports.
In a statement, Adani Enterprises Ltd said it will sell a 31.06 per cent stake to Wilmar International. Another 13 per cent will be sold in the open market to meet minimum public shareholding requirements
The Indian rupee reached a record low of 85.80 against the US dollar during mid-session on December 27, 2024, driven by rising US bond yields, foreign institutional investor (FII) outflows, and increasing crude oil prices
The Indian stock markets experienced a decline in early trade on Friday, with the BSE Sensex falling by 214 points and Nifty dipping by 63.8 points, driven by continued foreign fund outflows and concerns over US Federal Reserve policies.
India’s economy recorded its strongest growth in four months, with the Composite PMI for December rising to 60.7, driven by robust performance in manufacturing and services sectors,
A report by SBI reveals that Indian companies saw a 6% revenue growth in FY24, with a significant rise in profits. However, employee wage growth slowed, reflecting companies' efforts to optimise costs.
The State Bank of India's report highlights that middle and high-income states have experienced a steeper decline in food inflation compared to low-income states, attributed to labour migration and faster disinflation in wealthier regions.
India’s edible oil imports surged by 39% in November 2024, driven by a sharp rise in the import of crude sunflower and soyabean oils, according to industry data released by the Solvent Extractors' Association of India (SEA).
Indian stock markets opened flat today, with the Nifty 50 at 24,604.45 points and the Sensex at 81,476.76 points. Experts predict increased volatility due to the expiry of futures and options contracts, although consolidation remains the broader trend
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.
The achievement comes just hours after the President-elect chose Paul Atkins to be the new chair of the Securities and Exchange Commission
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 DelhiThe 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 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 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 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 | MumbaiADVERTISEMENT
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 | Mumbai
Shashi Ruia, co-founder and chairperson of Essar Group, passed away at 80. A visionary entrepreneur, Ruia transformed Essar into a global business giant spanning steel, energy, and telecommunications
26 November,2024 09:47 AM IST | New Delhi | Anisha Shrivastava
Indian stock markets rallied over 1.5 percent after the BJP-led coalition's landslide victory in Maharashtra. Experts predict a short-term boost, with infrastructure and financial sectors expected to benefit from renewed investor confidence.
25 November,2024 09:49 AM IST | Mumbai
Union Minister Piyush Goyal announces a new legal framework to safeguard data privacy while promoting seamless data exchange with trusted global partners. Speaking at the UK-India Technology Futures Conference, he outlined India's sustainability-driven digital future and potential collaborations with the UK
22 November,2024 09:31 AM IST | New Delhi
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The Union Budget 2024 was announced on 23rd July by Finance Minister Nirmala Sitharaman. While the budget touched upon varied sectors of priorities for the government, it has raised several questions for the middle class. Are the taxes simplified enough? Will the standard deductions given matter much? What should be the right approach to investing? In the episode of Money Matters, Certified Financial Planner and SEBI Registered Investment Advisor Kalpesh Ashar in conversation with Mid-day’s Katyayani Kapoor explains various aspects of personal finance related to this year’s budget. From the widening of the tax slabs, raising STT on F&O, and raising taxes on Capital Gains to the new pension scheme for minors, in this video Kalpesh Ashar busts the myth and explains how these reforms can impact you.
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