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March 18, 2025 5:10 PM
The Reserve Bank of India (RBI) and the Bank of Mauritius (BOM) have signed a Memorandum of Understanding to establish a framework promoting the use of local currencies for cross-border transactions. According to the RBI, the MoU is designed to facilitate the use of the Indian Rupee and the Maurit...
March 18, 2025 1:52 PM
Indian stock markets witnessed a significant surge today, with the BSE Sensex gaining 925 points to reach 75,094 and the Nifty climbing 274 points to 22,782 when reports last came in....
March 17, 2025 10:39 PM
The Government e-Marketplace (GeM) has achieved a significant milestone by surpassing Rs 5 lakh crore in Gross Merchandise Value (GMV) on its portal before the close of the financial year 2024-25. This achievement highlights GeM's rapid expansion as a primary tool for public procurement, serving a b...
March 17, 2025 7:45 PM
The Secretary, Department of Financial Services, Ministry of Finance, Mr. M. Nagaraju, said that the banking sector will play an important role in achieving the mission of a Viksit Bharat by 2047. Addressing a gathering of over 200 members and guests who had assembled for the Indian Banks’ Associa...
March 17, 2025 7:34 PM
All banks will remain open for transactions on 31st March 2025 despite it being a public holiday, to provide convenience to taxpayers. In a notification issued on Monday, the Reserve Bank has said that necessary arrangements have been made to conduct special clearing operations across the country to...
March 17, 2025 6:00 PM
In the Indian Bullion Market, 24 Karat Gold was trading 0.03% up at Rs 88, 370 per 10 grams, while Silver 999 Fine was trading 0.42% down at Rs 1,00,520 per kilogram a short while ago. At the Multi Commodity Exchange, gold for the April contract was trading 0.15% down at Rs 87, 861 per 10 grams, whi...
March 17, 2025 5:03 PM
The benchmark domestic equity indices settled the session on a positive note on Monday. Sensex jumped 341 points, or 0.46% to close at 74,170. Nifty too broke the two-day slump, and added 112 points, or 0.50% to settle at 22,509. Global crude oil prices saw an uptick today. The Brent crude oil pric...
March 15, 2025 4:44 PM
After posting strong gains in the previous week, the domestic markets remained rangebound and closed slightly lower this week due to weak global cues. However, the positive domestic data points, including industrial production and retail inflation, provided some relief. The broader indices erased so...
March 15, 2025 3:15 PM
India's trade saw strong growth during the last quarter of 2024, according to a new report by the United Nations Conference on Trade and Development (UNCTAD). The report highlights that while global trade expanded significantly in 2024, many developed nations faced trade contractions. However, India...
March 14, 2025 6:54 PM
India's foreign exchange reserves surged by 15.26 billion dollars, reaching over 653.96 billion dollars in the week ending March 7, bolstered by the Reserve Bank of India’s (RBI) currency swap operations last month. According to the Weekly Statistical Supplement released by the RBI, Foreign curre...
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