Stay Connected. Stay Informed.
Business
New Delhi: Private sector lender Bandhan Bank on Tuesday said it has been appointed by Reserve Bank of India as an authorised pension disbursement bank on behalf of the Central Pension Accounting Office (CPAO) for the civil pensioners. The bank will soon be integrating with the office of CPAO, Ministry of Finance, to operationalise the…
Read More “RBI Authorises Bandhan Bank For Disbursing Civil Pension” »
The report has been funded by the Indian arm of Prosus, the largest shareholder of food delivery platform Swiggy. Image for representation purpose only. File A report released on Monday by the National Council for Applied Economic Research (NCAER) delivered detailed insights on the tenuous place in the urban economy of food delivery workers —…
Benchmark stock indices Sensex and Nifty closed higher on Tuesday, marking their second straight day of gains as metal and power and select financial shares advanced. Losses in index majors Reliance Industries, ICICI Bank and Airtel, and foreign fund outflows restricted gains, analysts said. Rising for a second straight day, the BSE Sensex rose by…
Read More “Stock markets close higher for 2nd day; power, metal shares lead gains” »
The rupee declined by 8 paise to settle at 82.71 (provisional) against the U.S. currency on August 29 due to a rebound in crude oil prices and greenback in the global markets. | Photo Credit: Getty Images The rupee declined by 8 paise to settle at 82.71 (provisional) against the U.S. currency on August 29…
Read More “Rupee declines by 8 paise on rebound in crude oil, greenback” »
Walt Disney is attempting to revive the fortunes of its streaming business in India by offering free cricket on smartphones, betting that the strategy will boost advertising revenue and offset the impact of a subscriber exodus. The India streaming operations, which were Disney’s biggest last year globally by users, posted a loss of $41.5 million…
Read More “Disney gambles on free cricket to turn the tables in streaming war” »
At the interbank foreign exchange, the domestic unit opened at 82.58, then touched the lowest level of 82.62. File | Photo Credit: Special Arrangement The rupee appreciated by 2 paise to 82.61 against the US dollar in early trade on Tuesday amid a weak American currency against major rivals overseas and positive domestic equity markets. Retreating…
Read More “Rupee rises 2 paise to 82.61 against US dollar” »
The BSE Sensex climbed 232.43 points to 65,229.03 in early trade. File | Photo Credit: Reuters Equity benchmark indices began the trade on an optimistic note on August 29, extending their previous day’s rally, amid firm trend in global markets. The BSE Sensex climbed 232.43 points to 65,229.03 in early trade. The NSE Nifty gained 71.85…
Read More “Markets climb in early trade; extend rally for second day running” »
For representative purposes. | Photo Credit: Getty Images Also known as the neo-classical theory of interest, this theory argues that the interest rates on loans are determined by the supply of and demand for loans in the market for loanable funds. In other words, the market interest rate is seen as the price of loans…
Read More “Loanable funds theory: how interest rates are determined in the loan market ” »
The scene outside the Bombay Stock Exchange on Dalal Street. | Photo Credit: VIVEK BENDRE Equity benchmark indices climbed on Monday after two days of fall, tracking strength in global markets and buying in HDFC Bank. The BSE Sensex climbed 110.09 points or 0.17% to settle at 64,996.60. During the day, it jumped 326.94 points…
Read More “Markets bounce back after two days of decline on firm global trends” »
Aam Aadmi Party MP Sanjay Singh addressing a press conference, in New Delhi, on May 22, 2023. | Photo Credit: PTI Aam Aadmi Party (AAP) Rajya Sabha MP Sanjay Singh on August 28 demanded action against officials and Ministers in Gujarat for an alleged excess payment made to Adani Power Mundra Limited (APMuL) over five…
Read More “After Congress, AAP demands probe into Adani Power issue” »
