More From Economy
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Markets hit record highs: Nifty reaches 24,100, Sensex nears 79,500
June 28, 2024 10:05 ISTDespite the overall positive trend, 11 of the 30 Sensex shares traded down, with notable losers including UltraTech Cements, Adani Ports, IndusInd Bank, Maruti, and Axis Bank. The market remains robust, but elevated valuations and a weak broader market trend suggest caution.
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'Reform, transform and perform has worked': President highlights govt's achievements in Parliament
June 27, 2024 11:49 ISTPresident Murmu expressed confidence in her government's decade-long track record, reinforced by a third consecutive term mandate. Her speech outlines ambitious economic and social policies, setting the agenda for future parliamentary sessions focused on advancing national development goals.
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Sensex breaches 79,000 mark for first time, Nifty hits record high
June 27, 2024 10:52 ISTBenchmark indices experienced a downturn in early trade on Thursday due to weak trends in Asian markets and foreign fund outflows. The BSE Sensex declined by 149.41 points after hitting a new all-time high, while the Nifty dipped by 47.45 points.
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Yes Bank sacks 500 employees to cut costs, more layoffs likely in coming weeks: Reports
June 26, 2024 22:14 ISTYes Bank is reportedly aiming to reduce expenses by focusing on digital banking and minimizing manual processes. The ongoing restructuring initiative is also expected to contribute to lowering the bank's operational costs.
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Markets closing bell: Sensex, Nifty continue upward momentum, settle at new all-time high levels
June 26, 2024 16:30 ISTThe 30-share BSE Sensex climbed 620.73 points or 0.80 per cent to settle at a new closing peak of 78,674.25. Meanwhile, The Nifty went up by 147.50 points or 0.62 per cent to settle at a record closing peak of 23,868.80.
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Credit cards, Paytm wallets, ITR filing: Key financial deadlines and rule changes in July 2024
July 01, 2024 9:57 ISTAs July approaches, prepare for significant financial changes impacting credit cards, Paytm wallets, and income tax filings. Key updates include Paytm closing inactive wallets on July 20, 2024, SBI Card ending reward points on government transactions, and ICICI Bank adjusting credit card fees.
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Sensex surges to record high, crosses 78,164 mark
June 26, 2024 10:39 ISTThe Sensex reached a new all-time high in early trade on Wednesday, climbing 134.64 points to 78,188.16, while the Nifty rose 28.2 points to 23,749.50. However, both indices later faced volatility and traded flat amid profit-taking.
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Sensex, Nifty hit all-time highs, strong Asian markets and bank stocks propel surge
June 25, 2024 14:52 ISTThe Indian stock market showed signs of recovery on Tuesday as the Sensex surged by 237.05 points to reach 77,578.13, while the Nifty also rose by 65.8 points, reaching 23,603.65 during early trade.
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India records current account surplus of 0.6 per cent of GDP in March quarter: RBI
June 24, 2024 18:50 ISTFor FY24, the current account deficit narrowed to USD 23.2 billion or 0.7 per cent of GDP against USD 67 billion or 2 per cent of GDP in FY23, the RBI said in a release on the Developments in India's Balance of Payments.
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Budget 2024: Trade unions meet Nirmala Sitharaman, seek restoration of OPS, increase in tax rebate
June 24, 2024 17:43 ISTAhead of the budget, trade union leaders met Union Finance Minister Nirmala Sitharaman and made several key demands. The unions also asked the government to stop the privatisation drive of PSUs, scrap the new pension scheme. Bharatiya Mazdoor Sangh submitted a memorandum with its demand separately.
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Bank Holidays July 2024: Banks to remain closed for 12 days | Check state-wise full list here
June 24, 2024 16:31 ISTBank Holidays in July 2024: All public and private banks in India will be closed for at least 12 days in July 2024.
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Sebi initiates inquiry into Quant Mutual Fund over alleged front-running
June 24, 2024 13:59 ISTThe fund house, with assets exceeding Rs 93,000 crore, affirmed its commitment to regulatory compliance and promised to provide all necessary support to Sebi. It aims to maintain investor trust while continuing to deliver superior risk-adjusted returns.
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Sensex falls 463 points, Nifty drops 149 points in early trade
June 24, 2024 10:09 ISTAnalysts expect the market to consolidate at higher levels, with budget-related sectors drawing attention. Global markets showed mixed performance, and oil prices continued to decline.
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Canara Bank's X account hacked, username changed to 'ether.fi'
June 23, 2024 16:00 ISTCurrently, Canara Bank's official account (@canarabank) has 2.55 lakh followers. However, the bank has yet to take action in response.
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Will petrol, diesel come under GST? | Here's what FM Sitharaman said in GST council meeting | VIDEO
June 23, 2024 6:03 ISTGST council meeting: In another taxpayer-friendly measure, the GST Council has decided to introduce Form GSTR 1A to enable taxpayers to add information they have missed when filing Form GSTR 1.
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Sitharaman's big announcements in GST Council meet: From hostels to platform tickets | Key takeaways
June 23, 2024 6:04 ISTNirmala Sitharaman chaired the GST Council meeting on Saturday and made big announcements at a press conference. She listed out what will become cheaper.
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CNG price in Delhi NCR, adjoining cities hiked by Rs 1 per kg | Check new rates
June 23, 2024 6:04 ISTAccording to information posted by IGL on its website, CNG price was hiked from Rs 74.09 to Rs 75.09 per kg, while in Noida, Greater Noida and Ghaziabad the rate went up from Rs 78.70 to Rs 79.70 per kg.
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Nirmala Sitharaman holds pre-budget consultation meeting with finance ministers of state, UT
June 22, 2024 11:51 ISTUnion Finance Minister Nirmala Sitharaman has been holding pre-budget consultation meetings with various stakeholders, economists and experts since June 19. The upcoming budget is the first budget of Modi government after winning the third term.
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India's forex reserves decline USD 2.922 billion to USD 652.895 billion, retreat from record highs
June 21, 2024 17:41 ISTExpressed 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.
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Market closing update: Sensex halts record-breaking rally, down by 269 points
June 21, 2024 16:34 ISTMarket closing update: Rallying for the sixth straight session, the BSE benchmark Sensex climbed 141.34 points or 0.18 per cent to settle at a new closing peak of 77,478.93. The Nifty rose 51 points or 0.22 per cent to settle at its fresh closing high of 23,567.
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Bank of England keeps its main interest rate unchanged at a 16-year high of 5.25% ahead of UK polls
June 20, 2024 18:12 ISTBoE Governor Andrew Bailey said in a statement alongside the decision that it was "good news" that the latest data had shown inflation was back at its 2% target, but that it was too soon to cut rates
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Indian funds in Swiss banks down 70 per cent to lowest in 4 years: Switzerland Central Bank
June 21, 2024 14:42 ISTAccording to the data released by Switzerland's central bank, Indian funds in Swiss banks were down 70 per cent to the lowest in four years at 1.04 billion.
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Stock market updates: Sensex rises 100 points, Nifty above 23,550, Bharti Airtel up 7 per cent
June 20, 2024 10:42 ISTJapan’s Nikkei declined by 0.70%, Korea’s Kospi gained 0.13%, and Australia’s ASX200 saw a marginal decrease of 0.03%. In Europe, the UK’s FTSE rose by 0.17%, driven by expected inflation figures, while Germany’s DAX fell by 0.35% and the UK’s FTSE increased by 0.60%.
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Gautam Adani emphasises infrastructure's vital role in shaping India's future
June 19, 2024 13:09 ISTAt an event by CRISIL, Adani Group Chairman Gautam Adani said, "I can very confidently say that as we stand here today India’s infrastructure industry is undergoing a stunning change the impact of which we will be able to appreciate fully when we look back a decade later."
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Sensex opens at record high, Nifty surpasses 23,500
June 19, 2024 10:06 ISTSmall- and mid-cap stocks also hit all-time highs, rising 0.5% and 0.35%, respectively. Wall Street's strong performance, with the S&P 500 and Nasdaq Composite closing at record levels, further boosted market sentiment.
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Sensex, Nifty hit new all-time high levels in early trade
June 18, 2024 10:01 ISTAnalysts attribute the rally to robust corporate earnings, favourable global market trends, and investor optimism about the domestic economic outlook.
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PM Kisan 17th installment: Steps to check beneficiary status online, complete KYC formalities
June 17, 2024 14:37 ISTThe Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) Yojana provides financial aid to landholding farmer families, offering Rs 2,000 every four months. Prime Minister Narendra Modi announced the release of the 17th installment, totaling Rs 20,000 crore, benefiting 9.3 crore farmers.
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Eid-al-Adha 2024: Stock market to remain closed tomorrow for Bakrid festival
June 16, 2024 16:38 ISTEid-al-Adha 2024: Bakra Eid is a holy occasion also called the 'festival of sacrifice' and is celebrated on the 10th day of Dhu al-Hijjah, the 12th month of the Islamic or lunar calendar. It marks the end of the annual Hajj pilgrimage. The festival is an occasion of joy and peace.
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Amid rise in crude oil prices, government hikes windfall tax on diesel, ATF - Here's what it means
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'I will stay alive till I see your end': Mamata Banerjee to BJP amid TMC rebellion
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PM Modi prays for prosperity of all on Rath Yatra, calls it expression of India's spiritual heritage
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Now, universities in Rajasthan to teach Marathi language
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Laser Power & Infra shares shine in debut trade, list at over 25% premium over IPO price on BSE
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'I will stay alive till I see your end': Mamata Banerjee to BJP amid TMC rebellion
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Amid rise in crude oil prices, government hikes windfall tax on diesel, ATF - Here's what it means
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Did this woman shave her head to escape an arranged marriage? She finally reveals the truth
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'Show-off kal ka stress ban sakta hai...': Man's warning against EMIs goes viral
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Living alone in Dubai, 23-year-old Indian woman reflects on the emotional cost of moving abroad
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Daughter returns from Germany after four years, leaves mother in tears with two gold jewellery sets