Business

August 12, 2024 8:11 AM

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AMFI Condemns Hindenburg Report, Defends SEBI Chairperson Madhabi Puri

Association of Mutual Funds in India (AMFI) has condemned the latest Hindenburg report against SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch. In a statement, AMFI said, the US short-seller is trying to create a trust deficit in market ecosystem and create unnecessary hurdles in the ...

August 11, 2024 7:15 PM

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Global gold prices decline from record highs amid falling US Treasury yields

Global gold prices fell from the record highs this week on dip in US Treasury yields as investors grew confident that the Federal Reserve would lower interest rates in September.   Gold prices declined nearly 1% this week to close the week at 2,473 dollars per ounce, coming off near record-high leve...

August 10, 2024 7:58 PM

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Sensex and Nifty Decline as Smallcap, Midcap, and Largecap Indices Shed Up to 2%

The broader indices broke a two-week streak of outperformance and ended lower, in line with the main indices, during a highly volatile week marked by mixed quarterly earnings, an inline RBI policy outcome, fears of a US recession, and geopolitical escalations. During the week, the BSE Smallcap index...

August 9, 2024 7:36 PM

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Market Update: Sensex, Nifty surge over 1% 

Indian benchmark indices, the Sensex and Nifty, surged over one percent, driven by a global market recovery. At the close, the Sensex, which tracks 30 companies, was up 820 points, or 1.04 percent, at 79,706. Meanwhile, the Nifty 50 gained 250 points, or 1.04 percent, to end at 24,367. The broader m...

August 9, 2024 9:03 AM

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NSE’s Registered Investor Base Surpasses 10 Crore Milestone for the First Time

The National Stock Exchange (NSE) has achieved a significant milestone, with its unique registered investor base surpassing the 10-crore mark for the first time. It took over 25 years to reach the 4-crore mark in March 2021, but the pace of growth has accelerated considerably since then. The additio...

August 8, 2024 8:37 PM

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Capital Expenditure has consistently risen since pandemic: FM Sitharaman

Union Finance Minister Nirmala Sitharaman has said the government is continuously emphasising and spending higher and higher amounts in capital expenditure since after Covid. She said effective capital expenditure can be pegged at 15.02 lakh crores rupees or 18 per cent over 2023-24. The Finance Min...