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August 26, 2025 6:03 PM

Major Asian stock markets decline; European indices also in red

Major Asian stock markets dropped today. Hong Kong’s Hang Seng index slipped around 1.2 per cent, Japan’s Nikkei 225 ended down by nearly one per cent, South Korea’s Kospi Index dipped over 0.9 per cent, Shanghai Composite Index fell 0.4 per cent, and Singapore’s Straits Times Index closed f...

August 26, 2025 7:44 AM

Union Finance Ministry introduces one-time switch facility from UPS to NPS

Union Finance Ministry has introduced a one-time one-way switch facility from the newly introduced Unified Pension Scheme (UPS) to the National Pension System (NPS). According to an official notification, this facility is available to UPS subscribers up to one year before their superannuation or thr...

August 25, 2025 7:18 PM

Rupee Falls by 6 Paise to Close at 87.58 Against US Dollar

In the Forex market, the rupee today depreciated by 6 paise to close at 87 rupees and 58 paise against the US dollar.     The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, was trading at 97.92 in intra-day trade....

August 25, 2025 5:33 PM

Sensex, Nifty Rise 0.4% on Positive Global Cues; Broader Market Mixed

Benchmark domestic equity indices ended the first day of week with gains of 0.4 per cent each, boosted by positive global cues. The Sensex rose 329 points, to close at 81 thousand and 636. Similarly, Nifty gained 98 points, to settle at 24 thousand 968.   The broader market indices at the Bom...

August 25, 2025 1:47 PM

FIBAC banking conference on ‘Charting new Frontiers’ inaugurated in Mumbai

A two-day FIBAC banking conference on 'Charting new Frontiers’ is inaugurated in Mumbai today. The conference is held on 25th & 26th August, jointly organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Indian Banks’ Association (IBA). Addressing the gatheri...

August 25, 2025 12:22 PM

Sensex, Nifty Climb Moderately Amid Sectoral Divergence

Benchmark domestic equity indices, Sensex and Nifty, were trading with moderate gains in the forenoon trade today. Sensex increased 278 points, to 81 thousand 585, and Nifty advanced 90 points, to 24 thousand 969, when reports last came in. On the sectoral front, IT, Realty and Consumer Durables wer...

August 24, 2025 5:38 PM

FPIs invest ₹6,207 cr in Indian debt markets in August so far

Foreign investors pumped in 6,207 crore rupees into the Indian debt markets in August so far. However, as per the depositories data, foreign portfolio investors, or FPIs, have pulled out 22,040 crore rupees from the Indian equity markets till last week ending on 22nd of August. Reversing three month...

August 23, 2025 9:45 AM

US Federal Reserve Chairman Jerome Powell indicates potential rate cut soon

US Federal Reserve Chairman Jerome Powell has indicated that a potential rate reduction could occur during September's central bank meeting. However, he maintained a balanced stance, refraining from making definitive commitments about interest rate cuts.   His comments acknowledged mounting c...

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