Business

Here is How the Indian Equity Benchmark has Fared Over the Years

India’s equity index Nifty50 turned 25 years old on Thursday. It was launched in April 1996, when it traded at 1,107, with the base year of November 1995 set as 1,000. According to a report by Moneycontrol, if the 50 stocks in the Nifty, 13 companies – HDFC Bank,...

Apr 23 · >

RBI Restricts American Express, Diners Club from Onboarding New Customers from May 1

File photo of Reserve Bank of India logo. The order will not impact the existing customers of these two entities, the central bank said. PTI New Delhi Last Updated:April 23, 2021, 19:58 IST FOLLOW US ON: Mumbai: The Reserve Bank has restricted American Express Banking Corp and Diners Club...

Apr 23 · >

RBI Extends Temporary Advances Limit of Rs 51,560 Crore for States, UTs Till September to Tide Over Covid Losses

The Reserve Bank of India (RBI) headquarters in Mumbai. (AFP File) WMAs are temporary advances given by the RBI to the government to tide over any mismatch in receipts and payments. PTI Mumbai Last Updated:April 23, 2021, 19:46 IST FOLLOW US ON: The RBI on Friday said the existing...

Apr 23 · >

Sensex Declines 202 Points After Choppy Trade, Nifty Ends Below 14,350

Equity benchmark Sensex declined 202 points on Friday, tracking losses in ICICI Bank, Infosys and HUL amid persistent concerns over the economic impact of the second wave of COVID-19 pandemic in the country. After a volatile session, the 30-share BSE index ended 202.22 points or 0.42 per cent lower...

Apr 23 · >

UK-based Fintech Revolut Appoints Paroma Chatterjee as India CEO

Today the UK-based global fintech Revolut, valued at $5.5 billion last year, has announced the appointment of Paroma Chatterjee as its CEO in India, as the company continues to expand globally. Prior to joining Revolut, Ms Chatterjee held senior executive roles at Lendingkart, Via.com, Flipkart and Airtel Money. She...

Apr 23 · >

Gold Edges Close to Rs 48,000, Silver trades at Rs 69,300; Check Rates Here

Amidst easing dollar value and yields, the gold prices gained in the Indian market on Friday, April 23. For one gram of 22-carat gold, the rate rose by Re 1 as the cost stood at Rs 4,526 compared to Rs 4,525 on the previous day. The price of 10...

Apr 23 · >

Top Stocks For Investors on April 23

The equity indices closed in green on Thursday that ended their two-day losing streak. However, the momentum was not carried forward on Friday, April 23, as the Indian markets are likely to see a gap down opening on the back of weak global cues and surging new Covid-19 cases...

Apr 23 · >

IDBI Invites Application for Chief Data Officer and Other Posts; Check Details Here

The Industrial Development Bank of India (IDBI) has invited applications for Chief Data Officer, Deputy Chief Technology Officer, Chief Information Security Officer, and Head- Digital Banking posts from experienced candidates on a contractual basis. The interested and eligible candidates can apply for the same by visiting the official website...

Apr 23 · >

Companies Spending for Setting Up Makeshift Hospitals to Be CSR Activity: Govt

The government on Thursday said spending by corporates for setting up makeshift hospitals and temporary COVID-19 care facilities will be considered as CSR activities. Under the companies law, certain class of profitable entities are required to spend at least 2 per cent of their three-year annual average net profit...

Apr 22 · >

Fitch Affirms BBB- Rating, Says COVID Surge May Delay India’s Economic Recovery

New Delhi: Fitch Ratings on Thursday said the resurgence of COVID-19 infections may delay India’s economic recovery, but won’t derail it, as it kept the sovereign rating unchanged at ‘BBB-‘ with a negative outlook. It projected a 12.8 per cent recovery in GDP in the fiscal year ending March...

Apr 22 · >
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