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India's forex reserves rose by $58 billion cumulatively in 2023

In 2022, India's forex kitty slumped USD 71 billion cumulatively. Gold reserves during the week, however, declined by USD 102 million to USD 474.74 billion.

Boeing recommends airlines to inspect 737 MAX airplanes for possible loose hardware

The aircraft maker said it has informed the FAA and will continue to keep the regulator aware of the progress. Queries sent to SpiceJet and Air India Express remained unanswered while Akasa Air said that the issue has not impacted both its operating fleet and the aircraft deliveries so far.

Court allows CBI to question Yes Bank founder Rana Kapoor in loan fraud case

The bank sanctioned a loan of Rs 1060 crore to EOTTL (a sister concern of Cox & Kings) at Kapoor's behest despite the firm's weak financial condition, the CBI said.

Stock markets fall on final trading day, gain nearly 20 per cent in 2023

The 30-share BSE Sensex fell 170.12 points or 0.23 per cent to settle at 72,240.26 after a weak beginning to the trade. Meanwhile, the rupee paired all its early gains to end on a flat note at 83.20 against the US dollar.

Sensex falls 236 points in early trade, Nifty opens at 21,703

Among the Sensex firms, Kotak Mahindra Bank, Titan, State Bank of India, Power Grid, Reliance Industries, Infosys, and NTPC were the major laggards.

Centre extends import duty exemption on tur, urad dal till March 2025

Tur and urad dal have been kept under free category, which means there will be no curbs on their imports.

RBI remains committed to prevent any risk to India's fastest growth potential: Shaktikanta Das

The RBI Governor noted that although the world economy is dealing with a number of difficulties, the Indian economy is macroeconomically resilient and has a strong banking system that is sustaining its growth patterns.

Indian economy, domestic financial system remain resilient on strong macroeconomic fundamentals: RBI

The Reserve Bank on Thursday said net non-performing assets ratio of banks declined to a multi-year low of 0.8 per cent at the end of September 2023 and the country's domestic financial system remains resilient.

Sensex jumps over 370 points to hit fresh all-time high | Know market update

Market update news: European markets were trading marginally lower. The US markets ended in the green on Wednesday (December 27). Global oil benchmark Brent crude declined 0.73 per cent to USD 79.07 a barrel.

Zomato receives show cause notice worth Rs 401 crore for unpaid GST on delivery charges: Report

Zomato has been asked by the tax authorities to pay penalties and interest from October 2019 to March 2022.

Rules changing from January 1 in 2024: Everything you need to know about them in detail

Several rules related to day-to-day life including bank work, Income Tax Returns, among others will change from January 1, 2024. Let's take a look at what will change from new year.

SEBI extends deadline to add nominees in mutual funds, demat accounts to June 2024

"Based on representations received from market participants, for ease of compliance and investor convenience, it has been decided to extend the last date for submission of 'choice of nomination' for demat accounts and mutual fund folios to June 30," the Securities and Exchange Board of India said.

RBI approves lending, borrowing in government securities to deepen bond market

The Government Securities (G-Sec) market will gain depth and liquidity via a healthy securities lending and borrowing market, which will facilitate effective price discovery, according to a notification.

Air India launches 'FogCare' in winter to reschedule, cancel flights without extra charges

Air India news: The FogCare initiative is a sincere effort to minimise inconvenience to guests whose flights are likely to get affected by fog. It will also help maintain network schedule integrity," Rajesh Dogra, Chief Customer Experience Officer of Air India, said today.

Modi Cabinet hikes MSP for copra, announces new road projects in Bihar, Tripura in CCEA meet

Sensex climbs 87.6 points to 71,194.56 in early trade; Nifty up 40.25 points to 21,389.65

Rupee turns flat at 83.16 against US dollar in early trade.

Adani Green Energy inks pact with SECI for supply of 1,799 MW solar power, completes 8,000 MW tender

Adani Green Energy has announced the execution of a PPA with the SECI to supply 1,799 MW of solar power.

Yearender 2023: How did shares perform, top business news this year

In the year 2023, about 82 percent of Nifty stocks have given positive returns so far this year. The highest rise of 1,291 percent was seen in the shares of Jai Balaji Industries. Apart from this, Geeke Wires saw a rise of 544%, Orionpro Solutions saw a rise of 501%.

Increasing exports, reducing imports new way ahead for patriotism, ‘swadeshi’: Gadkari

Three months ago, India jumped from seventh position to third in the automobile exports sector, surpassing powerhouses like Japan.

Air India's first A350 aircraft arrives in Delhi | DETAILS

Air India: Air India's A350 will enter commercial service in January 2024, initially operating domestically for crew familiarisation, followed by longer-haul flying to destinations across continents. The schedule of commercial operations with the A350 will be announced in the coming weeks.

Income Tax Department notifies ITR forms 1, 4 for assessment year 2024-25

Business news: Sugam can be filed by individuals, HUFs and firms other than Limited Liability Partnerships being a resident having total income of up to Rs 50 lakh and income from business and profession.

'Still below debt level of 2002,' India terms IMF's latest report 'misconstrued'

The finance ministry said that any adverse global shock or extreme event is expected to uni-directionally impact all the economies in an interconnected and globalised world. A cross-country comparison shows that India has done relatively well.

Bank holidays in January 2024: Banks to remain closed for 11 days, check state-wise list here

Banks across several states will remain closed for 11 days starting with New Year - January 1, and ending with Me-Dam-Me-Phi - January 31. Scroll down to check bank holidays in the first month of 2024.

India's forex reserves jump USD 9.112 billion to USD 615.971 billion

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves. Gold reserves were up USD 446 million to USD 47.577 billion during the week, the RBI said.

Zomato gears up for $2 billion acquisition, share prices spike

In August last year, Zomato-backed ShipRocket raised $33.5 million giving it a valuation of about $1.2 billion.

Commercial LPG rate slashed by Rs 39.50 per 19-kg cylinder, Check new prices

State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise cooking gas and ATF prices on the 1st of every month, based on the average international price in the previous month.

Stock markets: Sensex, Nifty rebound following buying in index majors, Rupee falls against dollar

The 30-share BSE Sensex jumped 358.79 points to settle at 70,865.10. The Nifty rallied 104.90 points or 0.50 per cent to 21,255.05. Meanwhile, the rupee fell by 9 paise to settle at 83.27 against the US dollar on Thursday.

Sensex drops 585 points, Nifty declines 173 points

The subsequent market movements will be closely watched for insights into investor sentiment and potential shifts in the financial landscape.