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
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
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
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
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
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 | MumbaiIndian 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 | MumbaiShashi 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 ShrivastavaIndian 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 | MumbaiUnion 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 DelhiADVERTISEMENT
The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) have signed an MoU to enable cross-border transactions using the Indian Rupee (INR) and Maldivian Rufiyaa (MVR). This initiative aims to reduce transaction costs, enhance trade efficiency, and strengthen economic ties between the two nations
22 November,2024 08:40 AM IST | Mumbai
Indian stock markets saw a strong recovery, with Nifty and Sensex surging by over 1percent, attributed to positive global cues and an oversold market. Experts remain cautious about sustainability due to ongoing economic challenges
19 November,2024 01:03 PM IST | Mumbai
CBDT chairman Ravi Agarwal expressed confidence in exceeding the Rs 22.07 lakh crore direct tax collection target for FY25, citing strong growth in corporate and non-corporate tax revenues. He also urged taxpayers to disclose foreign assets before the December deadline
18 November,2024 02:43 PM IST | New Delhi
Bank of Baroda’s report highlights India’s resilience in handling current rupee challenges, citing strong macroeconomic fundamentals, controlled deficits, and robust foreign exchange reserves.
18 November,2024 08:44 AM IST | New Delhi
ADVERTISEMENT
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.
ADVERTISEMENT
