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May 28, 2024 12:03 PM
Global investment bank Goldman Sachs has raised India's GDP growth forecast to 6.7 percent for calendar year 2024. The latest data released by the bank said, they expect a sustained growth momentum with additional fiscal space on account of a bumper dividend transfer from the RBI. The financial comp...
May 27, 2024 5:26 PM
Finance Minister Nirmala Sitharaman said that the last decade has witnessed a substantial improvement in the sanctity and credibility of the Union Budget, leaving past constraints and archaic practices behind. In a social media post today, the Finance Minister said, that our budgets are characterize...
May 27, 2024 7:27 PM
India’s benchmark stock indices BSE Sensex and NSE Nifty 50 jumped to hit new all-time highs today, propelled by domestic reasons such as the hope for favourable election results, and international factors such as low crude oil prices and global market optimism. The Nifty 50 peaked at an ...
May 26, 2024 7:33 PM
The Central Board of Direct Taxes, CBDT has notified the Cost Inflation Index, CII for the financial year 2024- 25 for calculating long-term capital gains. The CII for financial year 2024-25, relevant to assessment year 2025-26, stood at 363. This notification will come into force with effect from t...
May 26, 2024 4:45 PM
Foreign portfolio investors (FPIs) have turned aggressive sellers in Indian markets ever since reducing their buying momentum with the onset of the new fiscal 2024-25. Foreign investors pulled out a massive 22,000 crore rupees from Indian equities so far in May amid uncertainty surroun...
May 25, 2024 6:34 PM
New regulations were introduced by the Securities and Exchange Board of India (SEBI) to govern the sharing of real time data with the third parties, including various online platforms. The SEBI said, "It has been observed that certain online gaming platforms, apps, websites, etc. (hereafter refer...
May 25, 2024 5:35 PM
All three major US indices rebounded on Friday. Though the minutes of the Fed meeting brought in considerable speculation in the market which led to Thursday's loss, the Markets have found hope in improving Consumer Outlook on Inflation. Yesterday's rebound sent Nasdaq to a 5th straight week of ...
May 25, 2024 12:19 PM
India's foreign exchange (forex) reserves jumped 4.549 billion dollars to a new all-time high of 648.7 billion dollars for the week ended May 17. This is the third consecutive week of increase in the overall forex kitty. Gold reserves increased 1.244 billion dollars to 57.195 billion dollars du...
May 24, 2024 7:32 PM
Sensex and Nifty settled flat on Friday amid negative cues from the global share markets. The Sensex inched down by eight points to close at 75,410. The Nifty slid 11 points to settle at 22,957. In the forex market, the rupee closed at 83 rupees and 10 paise against the US dollar. Gold, at Mul...
May 24, 2024 5:52 PM
Procurement of wheat during Rabi Marketing Season 2024-25 is going on smoothly in the major procuring states across the country. Over 262 Lakh Metric Tonnes (LMT) of wheat has already been procured so far this year in Central Pool surpassing last year’s total procurement of 262.02 LMT. Minist...
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