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White-collar hiring in India witnessed a 6% year-on-year decline in August following cautious sentiment in IT, insurance, auto, healthcare and BPO sectors, a report said on Monday. In August this year there were 2,666 job postings, as against 2,828 job postings in the year-ago period. On a sequential basis, hiring went up by 4% in…
File photo: A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai, India, April 6, 2023. | Photo Credit: Reuters The story so far: On August 18, apex banking regulator the Reserve Bank of India (RBI) issued guidelines enabling a borrower to transition from a floating interest rate-based loan to one…
Read More “The transition of loans from floating to fixed rates | Explained” »
File. | Photo Credit: B. Jothi Ramalingam The country’s power consumption grew by over 16% to 151.66 billion units in August this year compared to that of the same month last year mainly due to increase usage of cooling appliances during sultry weather. In the year-ago period, power consumption stood at 130.39 billion units (BU),…
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In two days, investors’ wealth went up by Rs 5,41,951.7 crore. New Delhi: The market capitalisation of BSE-listed firms reached an all-time high of Rs 315 lakh crore on Monday, helped by strong investor sentiments amid encouraging domestic macroeconomic data and a firm trend in global stocks. The BSE benchmark Sensex climbed 240.98 points, or…
The story so far: On August 25, markets regulator Securities and Exchange Board of India (SEBI) floated a consultation paper proposing regulations to restrict the association of SEBI-registered intermediaries or regulated entities with unregistered ‘finfluencers.’ Other than undertaking enforcement action against the unregistered ‘finfluencers,’ the paper proposed measures to “disrupt the revenue model for such…
Read More “Why is SEBI tightening norms for ‘FinFluencers’? | Explained” »
File. | Photo Credit: Vivek Bendre Benchmark equity indices Sensex and Nifty rallied for the second straight session on September 4 following encouraging domestic macroeconomic data amid a firm trend in global markets. Fresh foreign fund inflows and intense buying in IT and commodity stocks also bolstered sentiment, traders said. The BSE benchmark Sensex climbed…
Read More “Sensex, Nifty rise for second day on encouraging macro data, firm global trend” »
File. | Photo Credit: Reuters The rupee depreciated by 11 paise to close at 82.73 (provisional) against the U.S. dollar on September 4, weighed down by a surge in crude oil prices and strength of the American currency in the overseas market. At the interbank foreign exchange market, the local unit opened at 82.71 against…
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Sebi has imposed a penalty of Rs 7 lakh on Shapoorji Pallonji and Company (File) New Delhi: Capital markets regulator Sebi has imposed a penalty of Rs 7 lakh on Shapoorji Pallonji and Company for violating disclosure norms. In its order, Sebi found that Shapoorji Pallonji and Company did not take prior approval from the…
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The State Bank of India (SBI), the public sector lender said it had implemented Unified Payments Interface (UPI) interoperability in Digital Rupee (₹) also called as Central Bank Digital Currency (CBDC). Also read: Explained: RBI’s digital currency plans “This cutting-edge feature, accessible through the ‘eRupee by SBI’ application will empower SBI CBDC users to effortlessly…
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Amazon India has also committed to deploying 10,000 EVs in its delivery fleet by 2025. (File) New Delhi: E-commerce major Amazon on Monday said it will make an initial investment of $3 million in nature-based projects in India. The allocation is part of the company’s $15 million fund it has allocated for nature-based projects in…
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