Business

December 15, 2024 6:02 PM December 15, 2024 6:02 PM

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Foreign investors pump ₹28,000 crore into Indian capital markets

Foreign investors pumped in nearly 28,000 crore rupees into the Indian capital markets in the first two weeks of this month. As per the depositories data, the foreign portfolio investors, or FPIs, pumped in 22,766 crore rupees into the Indian equities markets and 4,814 crore rupees into the debt mar...

December 15, 2024 3:24 PM December 15, 2024 3:24 PM

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PSBs Achieve Record Net Profit of ₹1.41 Lakh Crore in FY 2023-24

Public Sector Banks (PSBs) in India have recorded their highest-ever aggregate net profit of around 1 lakh 41 thousand crore in the financial year 2023-24. Meanwhile, the Gross Non-Performing Assets (GNPA) ratio has declined, dropping to 3.12 percent in September this year. This is a steep decline f...

December 13, 2024 7:55 PM December 13, 2024 7:55 PM

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India’s Forex Reserves Fall by $3.23 Billion to $654.86 Billion: RBI

India's foreign exchange (FOREX) reserves declined by 3.23 billion dollars to 654.86 billion dollars in the week ending December 6, the latest data released by the Reserve Bank of India (RBI) showed on Friday.   This marks a drop from the previous week's level of 658.09 billion dollars that had mark...

December 13, 2024 5:41 PM December 13, 2024 5:41 PM

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Sensex surges 843 points, Nifty settles at 24,768

Benchmark domestic equity indices ended on a strong note on Friday. The 30-share BSE Sensex surged 843 points, or 1.04 per cent, to close at 82,133, and the NSE Nifty-50 rose 220 points, or 0.89 per cent, to end at 24,768. In the Global Crude Market, Brent Crude was trading 0.74 percent up at 73 dol...

December 12, 2024 8:23 PM December 12, 2024 8:23 PM

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Nov retail inflation eases to 5.48%, down from 6.2%

India's retail inflation eased to 5.48 percent in November, down from 6.2 percent in the previous month of current fiscal year. According to data released by the Ministry of Statistics and Programme Implementation (MoSPI), inflation in rural areas stood at 5.95 percent compared to 4.83 percent in ur...

December 12, 2024 8:08 PM December 12, 2024 8:08 PM

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India’s industrial output grows 3.5% in October

India’s industrial output rose to 3.5 percent in October this year, standing at a three-month high, as per the data released by the Ministry of Statistics and Programme Implementation today. October marks the second consecutive month of rise in industrial output, after a slight contraction in August...

December 12, 2024 4:53 PM December 12, 2024 4:53 PM

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Sensex sheds 236 pts, Nifty-50 drops 93 pts to end at 24,549

Benchmark domestic equity indices today ended in negative territory. The 30-share BSE Sensex shed 236 points, or 0.29 per cent, to close at 81,290, and the NSE Nifty-50 dropped 93 points, or 0.38 percent, to end at 24,549.          The broader market indices at the Bombay Stock Exchange also logged ...

December 12, 2024 2:15 PM December 12, 2024 2:15 PM

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Sensex and Nifty Trade Marginally Lower in afternoon trade today

Benchmark domestic equity indices, Sensex and Nifty, were trading marginally lower in the afternoon trade today, dragged by FMCG, media and auto stocks. The 30-share BSE Sensex shed 171 points, to 81,355, and the NSE Nifty50 fell 63 points, to 24,579. Both the indices were trading over 0.2 percent d...

December 11, 2024 7:42 PM December 11, 2024 7:42 PM

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Oil prices rose over 1% today

Oil prices rose over one percent today, as market participants anticipated a rise in demand from top importer China following its latest plans to boost economic growth. Brent Crude was trading over 1.2 percent up at 73 dollars and six cents per barrel, and WTI Crude had gained 1.3 percent to trade a...

December 11, 2024 6:59 PM December 11, 2024 6:59 PM

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Rupee ended marginally up to settle at ₹84.84 against US dollar

In the Forex market, the rupee today ended marginally up to settle at 84 rupees and 84 paise against the US dollar. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, is trading at 106.7 in intraday trade.

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