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October 13, 2024 6:17 PM
The market entered the phase of consolidation, falling moderately in the week ended October 11 amid valuation concerns, the subdued outlook for Q2FY25 earnings, BJP's win in Haryana polls and consistent FII selling. This was after the severe correction of 4.5 percent seen in the...
October 13, 2024 7:18 PM
Volatility in the stock market caused 1.22 lakhs crores rupees loss to top seven companies this week as the BSE Sensex fell 307 points, or 0.3 percent. The combined market valuation of seven of the top-10 most valued firms eroded by 1,22,107 crores rupees last week, with Tata Consultancy ...
October 13, 2024 6:02 PM
Foreign investors turned net sellers in October, withdrawing shares worth 58,711 crore rupees in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market. The outflow followed a nine-month hig...
October 13, 2024 2:02 PM
Prime Minister Narendra Modi has lauded the completion of three years of the PM GatiShakti National Master Plan, stating that the initiative has emerged as a transformative in revolutionising India’s infrastructure. In a social media post, Mr Modi said that GatiShakti has significantly enhanced mu...
October 12, 2024 5:56 PM
On Wall Street, the S&P 500 and the Dow ended at record highs yesterday, with big boosts from financial stocks after banks reported strong quarterly results, while the latest inflation data fueled expectations for a US Federal Reserve rate cut in November. Major financial companies kick...
October 11, 2024 8:35 PM
The Index of Industrial Production (IIP) in India witnessed a contraction of 0.1 percent in August which was 4.7 percent in the month of July, as per data released by the Ministry of Statistics and Programme Implementation on Friday. The estimates of IIP for August 2024 stood at 145.6 in comparison ...
October 11, 2024 8:19 PM
The Income Tax Department has collected over 13.57 lakh crore rupees as direct tax for the financial year 2024-25 so far. The collection includes personal income tax of over seven lakh crore rupees and corporate tax of over six lakh crore rupees. The department has also issued refunds of over 2.31 l...
October 11, 2024 6:32 PM
Oil prices fell today but were on track for second weekly gain as investors weighed the impact of damage caused by Hurricane Milton and escalating tensions in West Asia. In the global crude market, Brent crude was trading 0.8 percent down at 78 dollars and 71 cents per barrel and the U.S. Wes...
October 11, 2024 5:51 PM
The Reserve Bank of India (RBI) has instructed all Payment Service Providers (PSPs), including all banks and non-bank entities, to review their payment systems and improve the accessibility of digital payment systems for Persons with Disabilities (PwDs). In a statement, RBI mentioned that based on t...
October 11, 2024 4:35 PM
Domestic benchmark indices ended lower in a range-bound trading session on Friday. The Sensex declined 230 points, or 0.2 percent, to close at 81,381 and the Nifty ended with marginal loss of 34 points, or 0.1 percent, to settle at 24,964. In the Global Crude Market, Brent Crude was trading 0.7...
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