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A man stands next to a logo of the Reserve Bank of India (RBI) in Mumbai. | Photo Credit: Reuters India’s current account deficit (CAD) widened marginally to $ 9.7 billion (1.1% of GDP) in Q1:2024-25 from $8.9 billion (1.0% of GDP) in Q1:2023-24 and against a surplus of $4.6 billion (0.5% of GDP) in…
Read More “India’s current account deficit in Q1 FY25 widens to $9.7 billion” »
Image used for representative purpose only. File | Photo Credit: REUTERS Rupee depreciated 11 paise to settle at 83.80 (provisional) against the U.S. dollar on Monday (September 30, 2024) taking cues from equity markets that saw a steep fall of over 1% amid volatile crude oil prices and outflow of foreign funds. However, a weak greenback…
A view of the Bombay Stock Exchange in Mumbai. File | Photo Credit: Reuters Equity benchmark indices tumbled nearly 1.5 per cent on Monday (September 30, 2024) due to heavy selling in frontline stocks Reliance Industries, ICICI Bank and HDFC Bank amid rising geopolitical risks in the Middle East and weakness in Japanese markets. Besides,…
Read More “Sensex, Nifty tumble nearly 1.5% as bank stocks slump on weak Japanese markets” »
Income Tax Department extends audit report filing deadline to October 7, 2024 due to technical difficulties faced by taxpayers. File | Photo Credit: S. Siva Saravanan The Income Tax (I-T) Department has extended the date for filing audit report for 2023-24 by seven days till October 7. In a circular, the I-T Department said considering…
Read More “Income Tax Audit Report: Govt extends deadline for filing IT audit report to October 7” »
The Congress on Monday (September 30, 2024) dismissed as “half-truths” the government’s assertions of creating eight crore employment opportunities between 2021 and 2024 and 6.2 crore net subscribers joining the EPFO database, and said no “spin-doctoring” can take away from the fact that 2014-24 has seen “jobless growth”. Congress General Secretary in-charge communications Jairam Ramesh…
Markets were dragged by decline in frontline stocks like ICICI Bank and Reliance Industries. File. | Photo Credit: PTI Benchmark indices declined in early trade on Monday (September 30, 2024) amid foreign fund outflows and a largely weak Asian markets where the Japan’s Nikkei index tanked nearly 5%. Markets were also dragged by decline in…
Read More “Stock Market Today: Sensex, Nifty tumble in early trade” »
A fireman douses a fire breaking out at a chemical godown of the electronics component factory of Tata Electronics Pvt. Ltd., in Hosur, Tamil Nadu on September 28, 2024. | Photo Credit: PTI Forensic investigation is likely to take place into the cause of a fire that broke out on Saturday(September 28, 2024) at a…
Read More “Fire at Tata Electronics factory in Hosur; Indian authorities to investigate” »
Image used for representative purpose only. | Photo Credit: Reuters The combined market valuation of eight of the top-10 most valued firms surged ₹1,21,270.83 crore last week, with Reliance Industries becoming the biggest gainer, in line with an outstanding rally in benchmark equity indices. Last week, the BSE benchmark jumped 1,027.54 points or 1.21%. The…
Read More “Mcap of 8 of top-10 most valued firms surges ₹1.21 lakh crore; Reliance biggest winner” »
The primary market will remain abuzz with more than half a dozen companies, including Hyundai Motor India, Swiggy, and NTPC Green Energy, lined up initial public offerings over the next two months to raise around ₹60,000 crore, merchant bankers said. Apart from these three firms, Afcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik…
Foreign investors have poured ₹57,359 crore into Indian equities in September, making it the highest inflow in nine months, mainly driven by a rate cut by the U.S. Federal Reserve. With this infusion, foreign portfolio investors’ (FPIs) investment in equities has surpassed the ₹1 lakh crore mark in 2024, data with the depositories showed. Going…