Economic & Finance News
Central Bank Digital Currency (CBDC), or e-rupee, can help reduce the cost of cross-border remittances by 2-3%, according to an official. The Central Bank Digital Currency (CBDC) is a digital [...]
The demands involve gross additional spending of more than ₹1.29 lakh crore in this fiscal, a significant chunk of which, ₹70,968 crore, will be met through savings or enhanced receipts [...]
The National Co-ordination Committee of the State and Central GST officers, chaired by the Revenue Secretary, is likely to be held by the end of this month or early January, [...]
As per data sourced from the Department for Promotion of Industry and Internal Trade (DPIIT), the sector accounted for 3.6% of the overall FDI inflow of ₹31,720 crore during the [...]
In reply to a question on the MGNREGS funds being exhausted, Minister of State for Rural Development Sadhvi Niranjan Jyoti said the Union government has released Rs 66,629 crore to [...]
Minister of state for finance Pankaj Chaudhary, in a written reply in the Rajya Sabha, stressed that the risk profile of the debt “stands out as safe and prudent in [...]
Minister of state for finance Pankaj Chaudhary has said, in a written reply, the inflow have been impacted by the "threat of global recession, economic crisis due to the Russia-Ukraine [...]
“Presently, there is no proposal to relax the existing terms for borrowing capacity of the State Governments including the Government of Kerala,” Sitharaman said in response to a question on [...]
As of December 2, 2023, a total of 7.76 crore income tax returns for the financial year 2022-23 have been filed. More returns are expected to be filed by the [...]
CBIC has implemented two-factor authentication for e-waybill and e-invoice systems from December 1, heightening security measures within the goods and services tax systems. The rollout began in Haryana, extending soon [...]
Indian government is set to disburse around Rs 79 crore in fiscal incentives under the Production Linked Incentive (PLI) scheme for white goods in the last quarter of the financial [...]
For Cayman Islands, Kumar said that in October this year, the region was removed from the grey list by FATF (Financial Action Task Force) and this may result into positive [...]
Narayan Seshadri, former KPMG managing partner, is set to become the chairman of India Debt Resolution Co Ltd (IDRCL), the government-backed bad bank's agent, following approval from the company's board. [...]
Of the total collections, central GST (CGST) is Rs 30,420 crore, state GST (SGST) is Rs 38,226 crore, Integrated GST (IGST) is Rs 87,009 crore, including Rs 39,198 crore collected [...]
Icra's analysis of the second quarter of 2023-24 performance of 601 listed companies (excluding financial sector entities) revealed improved operating profit margins (OPM), increasing by 398 bps and 64 bps [...]
Market News
Even as the S&P BSE Sensex hit a new lifetime high of 69,893.8 and ended with weekly gains of over 2%, the broader BSE500 had no dearth of action. [...]
In the largecap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 12,612 crore led by Reliance Industries (RIL) with a 12 block count, totalling [...]
"We are working with them (MF industry) to see where is the cost...what can Sebi do to facilitate making it possible to bring that viability down to Rs 250 a [...]
HDFC Life Insurance's prominent additions in November were Tata Tech, IREDA, and Gland Pharma. It completely exited Abbott India, Kansai Nerolac, and SKF India. [...]
The Reserve Bank of India (RBI) is often referred to as the ‘banker's bank’. But it is not just any bank; it plays a crucial role in maintaining the stability [...]
After delivering an international bestseller ‘The Psychology of Money’, Morgan Housel has come up with a practical book on how understanding human behaviour can help us look at many of [...]
The catalyst for the development of investor portals in alternative investments can be attributed to the broader trend of digitalization in the financial industry. As investors and fund managers sought [...]
Bank Nifty has grappled with underperformance in the past 5 years compared to the benchmark Nifty50. The banking index recorded a growth of 78%, notably trailing behind Nifty50, which witnessed [...]
Axis Securities believes that the Indian economy stands in a sweet spot of growth and remains the land of stability against the backdrop of a volatile global economy. [...]
Investors pared bets that the Federal Reserve will cut interest rates in March after a Labor Department report showed nonfarm payrolls increased by 199,000 jobs in November, compared with an [...]
During the week, 58 smallcap stocks delivered double-digit weekly returns with Spencer Retail surging as high as 51%. It was followed by BCL Industries (35.6%), 63 Moons Tech (27.6%), and [...]
The S&P 500 rose 0.2% this week, marking its sixth-straight weekly increase, the longest such winning streak in about four years. The index stands at its highest closing level since [...]
The shares were bought at Rs 59.09 apiece, a 4% discount to the previous closing price of the stock. Besides GMR Airports in the transport infrastructure space, GQG Partners also [...]
Most of Zerodha's AUM was added post-2020, which is one of the biggest bull markets India has seen. While equity funds saw a slowdown in the pace of inflows, investments [...]
The lender received a total 104 bids aggregating up to Rs 18,483 crore, it said in an exchange filing. The state-owned lender allotted shares to qualified institutional buyers at Rs [...]