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Citing bank data, Das said Rs 2,000 notes worth Rs 3.62 lakh crore were in circulation as of end March 2023, of which notes worth Rs 1.8 lakh crore have… [...]
A high-level committee will soon be formed by EPFO to propose the division of work between two consultants for for equity and debt portfolios [...]
The Pension Fund Regulatory and Development Authority (PFRDA) is developing a minimum assured return pension product. The pension scheme is anticipated to have higher premiums to ensure attractive returns, the… [...]
India's gold reserves have surged by over 40% since the country resumed purchasing the precious metal over five years ago. The RBI's continuous purchase underscores gold's prominence in international reserve… [...]
In spite of that, the weighted average cut-off eased by 3 bps to 7.32 per cent from the last auction. The fall is also regardless of the fact that there… [...]
The retirement fund body will soon approach the finance ministry to seek its clearance for investing the proceeds from ETFs in any permissible asset class to maximise returns. A proposal… [...]
Unfunded schemes such as the old pension scheme are not sustainable, something that is being witnessed the world over, Pension Fund Regulatory and Development Authority (PFRDA) chairman Deepak Mohanty told… [...]
The government has received Rs 4,185 crore through a 3 per cent stake sale in state-run Coal India, as per the Department of Investment and Public Asset Management (DIPAM) website.… [...]
Several NBFC-MFIs found the clauses attached for taking the funding support from Sidbi quite stringent. They believe the clauses may create roadblocks in raising fresh equity from new investors. One… [...]
The Ministry of Finance and Asian Development Bank (ADB) on Monday organised a workshop on Expected Loss-based Credit Rating Mechanism. The workshop was addressed by Economic Affairs Secretary Ajay Seth,… [...]
A good starting point for understanding the contemporary banking landscape in India is the policy response to the global financial crisis (GFC). Rightly anticipating the spillover effects of the GFC,… [...]
The Reserve Bank of India's rate-setting panel is likely to hold on to the rates in this week's review, the CII president for 2023-24 told ET. [...]
Deputy Chief Minister Devendra Fadnavis after signing the MoU said, Pune was gradually becoming a hub for financial services and the latest development involving Bajaj Finserve would boost the sector.… [...]
SBI Life shall take over the policy liabilities of around two lakh policies of Sahara India Life Insurance Co, backed by the policyholders’ assets [...]
The GST collection rose 12% from a year earlier to ₹1.57 lakh crore in May while the Manufacturing Purchasing Managers' Index (PMI) climbed to 58.7 from 57.2 in Arpil. "May… [...]
Market News
The 30-share BSE Sensex closed down 294.32 points at 62848.64 [...]
On Thursday, the benchmark Sensex cracked 295 points to close at 62,849. Despite the overall market slide, the BSE healthcare index six stocks reached new highs in the past 52… [...]
Stocks that were in focus included names like Tata Tele, which rose nearly 15%, Paytm or One 97 Communications, which closed with gains of over 6%, and Alembic Pharma which… [...]
L&T Finance Holdings has recommended a final dividend of Rs 2 per equity share for FY 2022-23 to its members, which if approved, will be credited within 30 days from… [...]
In the Nifty pack, 11 stocks closed in the green, while 39 stocks ended in the red. [...]
Nifty formed a downside reversal pattern on Thursday with immediate support levels at 18,580 and 18,530 zones, establishing a broader trading range of 18,450 to 18,900 zones, according to option… [...]
The NSE Nifty index closed 91.85 points down at 18634.55 [...]
Grasim Inds., Kotak Bank, Sun Pharma, Tech Mahindra and Apollo Hospital were among the top losers on NSE in today's trade. [...]
The Reserve Bank of India (RBI) has kept interest rates on hold and maintained its stance to mitigate inflationary risks, at its latest monetary policy meeting. India's GDP growth forecast… [...]
The Nifty Pharma index closed 1.03 per cent down at 12911.35. [...]
India's five largest audit firms dominated the audits of Nifty500 companies in FY23, handling almost two out of every three audits. The Indian Big 5 audit firms managed 551 assignments… [...]
The Nifty Auto index closed 0.86 per cent down at 14692.0. [...]
Zomato's stocks hit a 52-week high and rose by 4% in the last five sessions, with shares trading at Rs 76 on NSE. The company has recovered its losses incurred… [...]
Lloyds Luxuries, Essar Shipping, Shivalik Bimetal, TBZ and Dynamic Services, hit their fresh 52-week highs during the day. [...]
The 30-share BSE Sensex closed down 294.32 points at 62848.64 [...]