Business

July 26, 2024 10:26 PM July 26, 2024 10:26 PM

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RBI issues prompt corrective action framework for UCBs

The Reserve Bank of India (RBI) has issued a prompt corrective action (PCA) framework for primary (urban) co-operative banks to give more focus on larger UCBs that require more intensive monitoring by optimal utilisation of supervisory resources. The PCA framework will replace the supervisory action...

July 26, 2024 7:37 PM July 26, 2024 7:37 PM

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India’s foreign exchange reserves surge to all-time high of $670.86b as of July 19

India's foreign exchange (Forex) reserves rose for the third consecutive week to touch a new lifetime high of $670.86 billion as of July 19, according to the latest data released by the RBI on Friday. The reserves surged by $4 billion during the week after increasing by a cumulative of $14.9 billion...

July 26, 2024 7:12 PM July 26, 2024 7:12 PM

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Indian rupee gains slightly; closes at 83.72 against US dollar

In the forex market, the Indian rupee appreciated marginally to end at 83 rupees and 72 paise against the US dollar. The Dollar index, which indicates its strength against a basket of six other leading currencies was up by 0.03 percent at 104.38.

July 26, 2024 5:01 PM July 26, 2024 5:01 PM

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Sensex climbs 1,293 points; Nifty reaches record high amid market rally

Indian benchmark indices snapped a five-day losing streak and ended higher with Nifty touching a fresh all-time high during the session. At close, the Sensex was up 1,293 points or 1.62 percent at 81,333 and the Nifty was up 428 points or 1.76 percent at 24,835.   In the broader market at the B...

July 26, 2024 2:49 PM July 26, 2024 2:49 PM

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Sensex soared more than 1,000 points to trade at 81,278

Indian benchmark indices extended gain after falling for five consecutive sessions. The recovery today was driven by a robust rally in metal and healthcare stocks.   The 30 share index, Sensex soared more than 1,000 points or over 1.5 per cent to trade at 81,278 while the Nifty reclaimed the 2400 ma...

July 25, 2024 10:01 PM July 25, 2024 10:01 PM

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Market Update: Sensex, Nifty end with marginal losses

India's Equity Benchmark Indices, Sensex and Nifty ended with marginal losses today. The BSE Sensex declined 109 points, or 0.14 percent, to close at 80,040. The NSE Nifty shed 7 points, or 0.03 percent, to close at 24,406.   In the broader market at the BSE, the Mid-Cap index down by 0.22 perc...

July 24, 2024 9:08 PM July 24, 2024 9:08 PM

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Rajya Sabha Debates Union Budget 2024-2025 and J&K Budget Concurrently

The Rajya Sabha has taken up discussion on the Union Budget 2024-2025. The House is also taking up discussion on the Budget of the Union Territory of Jammu and Kashmir for 2024-2025 simultaneously.     Initiating the discussion, Congress MP P Chidambaram raised the issues of unemployment a...

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