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,...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Jump in Covid-19 Cases, Lockdowns Add Uncertainty to Growth Outlook, Says RBI Guv
The uncertainty created by the jump in Covid-19 infections and localised lockdowns prompted RBI Governor Shaktikanta Das and other members of the rating setting panel MPC to unanimously vote for status quo in interest rates and an accommodative policy stance to support growth, as per minutes of the meeting...
Commerce Ministry for Anti-dumping Duty on Certain Copper Items from China, 5 Others
The Commerce Ministry’s investigative arm DGTR has recommended imposition of anti-dumping duty on the import of certain copper products, used in electrical industry, from China, Thailand, Korea and three other countries for five years to guard domestic manufacturers from cheap imports. The Directorate General of Trade Remedies (DGTR) has...
IDBI Invites Application for Chief Data Officer, 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...
Top Stocks for Investors on April 22
The stock market on Thursday, April 22 opened on a negative note amid mixed global cues. The BSE Sensex was down 466.41 points or 0.98 percent at 47,239.39. While the Nifty50 was down 136.90 points or 0.96 percent at 14,159.50. Also, close to 430 shares have advanced, while 427...
Yellow Metal and Silver Prices Rise Marginally; Check Rates Here
Gold and silver prices witnessed a marginal hike in Indian markets on Thursday, April 22. For one gram of 22-carat gold, the rate rose by Re 1 as the cost stood at Rs 4,521 compared to Rs 4,520 on the previous day. The price of 10 grams of 22-carat-gold...
Care Ratings Revises India’s GDP Growth Forecast to 10.2% for FY22
With economic activities getting affected across the country due to curbs imposed by states amid surge in COVID-19 cases, Care Ratings has revised down its forecast for GDP growth to 10.2 per cent in 2021-22 from earlier projection of 10.7-10.9 per cent. This is the third revision by the...
India Records 22 IPOs Worth Over $2.5 Billion in January-March Period
India witnessed 22 initial public offers worth over $2.5 billion in the first three months of 2021 amid “high momentum” in the country’s capital markets and the trend is likely to stay bullish in the current quarter also, according to a report. Leading consultancy EY India’s IPO (Initial Public...
Asian Stocks Fall as Virus Worries Return to Haunt Markets
Asian shares and U.S. stock futures fell on Wednesday as concern about a resurgence of coronavirus cases in some countries cast doubt on the strength of global growth and demand for crude oil. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.6%. Australian stocks dropped 1.25% and shares...
