Economic & Finance News
The Special Investigation Team (SIT) investigating the case against JD(S) MLA H D Revanna conducted a spot inspection at his residence in Basavanagudi, Bengaluru. Revanna's lawyer, Gopal, was summoned in [...]
Voting in India's national elections began on April 19 and will conclude on June 1, with counting on June 4. Typically, government spending slows during polls and picks up only [...]
The budget estimates dividend transfer in FY'2024-25 at Rs 1.02 lakh crore from the Financial sector entities including the Reserve Bank and public sector banks. But a bulk of the [...]
India and Nigeria are ramping up cooperation in several key areas to bolster economic ties. During a recent visit by an Indian delegation to Nigeria, both countries discussed increasing collaboration [...]
State-run banks to introduce 'green cells' for ESG risk assessment and green fund management under EASE 7.0. RBI emphasizes 2.5% GDP green financing. SBI chairman pushes for incentives and CRR [...]
The Reserve Bank of India (RBI) reported that 97.76% of the Rs 2000 denomination banknotes have been returned to the banking system, leaving only Rs 7,961 crore with the public. [...]
A report by CMS Infosystems shows a 5.51% increase in monthly average cash withdrawals from ATMs in FY24, reaching Rs 1.43 crore. This growth highlights the continued reliance on cash [...]
The currency in circulation has more than doubled from Rs 13.35 lakh crore in March 2017 to Rs 35.15 lakh crore in end March 2024. Significantly the currency in circulation [...]
In FY24, government's capital receipts surpassed Rs 30,000 crore from disinvestment and asset monetisation. The budget combined targets under miscellaneous receipts. CPSE dividend collections reached a new peak of Rs [...]
The central government has paid Rs 147.82 crore in interest subsidy to street vendors under PM SVANidhi scheme since it began in 2020 and till March 31, the Ministry of [...]
With the Indian economy maintaining high growth, Japanese corporations are showing more interest regarding investment in India, according to Nomura. Manufacturing sectors have been the main driver of Japanese direct [...]
Officials said that although the bulk of the heavy lifting in terms of FDI reforms has been completed, talks are ongoing to see if conditions for these key sectors can [...]
India's FY 2023-24 net direct tax collections of ₹19.58 lakh crore exceeded estimates, aiding fiscal deficit target achievement. Corporate and personal income tax growth contributed to the positive outcome. [...]
India's net direct tax collections surged by 17.7% year-on-year to Rs 19.58 crore in fiscal year 2023-24, exceeding revised estimates by Rs 13,000 crore, reflecting economic buoyancy and rising income [...]
Union Finance Minister Nirmala Sitharaman emphasized the government's focus on policies to make India a manufacturing and investment hub, aiming not only for the domestic market but also for exports. [...]
Market News
Lupin reported a 52% YoY growth in net profit to Rs 368 crore for March 2024 quarter. Revenue increased by 12% to Rs 4,961 crore. The company declared a dividend [...]
The net interest income (NII) grew 47 per cent to Rs 400 crore during the March quarter of FY24 from Rs 272 crore in the year-ago period. [...]
Infosys, TCS and HCL Tech remain top picks of brokerage firm Kotak Institutional Equities followed by Cyient in the mid-tier segment amid an extended outlook for weak demand and macro [...]
The Dow Jones Industrial Average rose 86.8 points, or 0.22%, at the open to 38762.43. The S&P 500 rose 14.6 points, or 0.29%, at the open to 5142.42, while the [...]
The company also declared an interim dividend of Rs 10 per share for the financial year 2024-25 and the record date for ascertaining the names of the shareholders who will [...]
Grihum Housing Finance Q4 Results, Grihum Housing Finance Q4 earnings, Grihum Housing Finance shares , Grihum Housing Finance, markets news [...]
State-run Hindustan Petroleum Corporation (HPCL) on Monday said that its board of directors could consider a proposal for a recommendation of bonus equity shares along with the fixation of record [...]
On Friday, CDSL announced its March quarter earnings where it reported a 52% increase in annual profit after tax (PAT), and a 105% increase in quarterly PAT. The total standalone [...]
Indian markets closed mixed on Monday tracking the muted trend seen in other Asian markets. The S&P BSE Sensex rose while the Nifty50 closed 33 points lower. [...]
The share of FIIs was down by 51 bps quarter-on-quarter (QoQ), resulting in the gap between FII and DII holdings narrowing further to an all-time low in this quarter. The [...]
Nifty on Monday ended 33 points lower to form an Inside Bar pattern on the daily chart with the India VIX recording a surge of over 13%. [...]
The Nifty Auto index closed 0.07 per cent down at 22526.6. [...]
Regulations governing recycling and reuse of plastic packaging may hurt consumer plays such as Britannia Industries, Colgate Palmolive India and Nestle India while benefiting ITC, Ganesha Ecosphere, EPL, and Uflex, [...]
The 30-share BSE Sensex closed up 17.39 points at 73895.54 [...]