Rupee surged to 83.04 against US dollar after exit poll result
The rupee surged 38 paise to reach its three-month high level of 83.04 against the US dollar. The country's Goods and Services Tax (GST) receipts increased 10 per cent to Rs 1.73 lakh crore in May. On Friday, foreign investors bought shares worth a net of Rs 1,613.24 crore.
03 June,2024 12:16 PM IST | Mumbai | mid-day online correspondentThe sensex hit high records after exit polls predicted a resounding victory for the BJP-led NDA in the Lok Sabha Elections 2024.
03 June,2024 11:25 AM IST | Mumbai | mid-day online correspondentIn the previous reporting week, the kitty had reached an all-time high of USD 648.7 billion after a jump of USD 4.549 billion
01 June,2024 08:17 AM IST | Mumbai | AgenciesGovernor Shaktikanta Das announced the second bi-monthly monetary policy for the financial year 2024-25 at 10 am on Friday. The RBI's repo rate, is currently held at 6.50 per cent, unchanged since February 2023.
07 June,2024 11:43 AM IST | Mumbai | mid-day online correspondentPrivate banks outperformed the Nifty, with HDFC Bank, Axis Bank, RBL Bank, ICICI Bank, IndusInd Bank, and Kotak Bank all making large gains.
19 June,2024 04:05 PM IST | Mumbai | mid-day online correspondentSEBI highlighted risks of low-turnover derivative equities in a recent consultation paper, including potential market manipulation, higher volatility & weaker investor protection.
18 June,2024 01:38 PM IST | Delhi | mid-day online correspondentThe top gainers in the Nifty 50 were Adani Enterprises, Wipro, Adani Ports, Mahindra & Mahindra, and Titan. The top losers were Dr Reddy's, Maruti, TCS, HDFC Life, and Divis Labs.
18 June,2024 12:48 PM IST | Mumbai | mid-day online correspondentIn terms of sector-wise hiring, the Banking, Financial Services and Insurance (BFSI) sector employs the largest percentage of LGBTQIA+ talent of the available workforce at 18-20 per cent, followed by the IT sector at 15-18 per cent, and the consulting sector at 12-15 per cent
14 June,2024 02:05 PM IST | Mumbai | IANSThe 30-share BSE Sensex rose 538.89 points to a lifetime high of 77,145.46, while the NSE Nifty gained 158.1 points to a record high of 23,481.05
13 June,2024 11:07 AM IST | Mumbai | mid-day online correspondentAt the interbank foreign currency market, the rupee began at 83.52 and fell to 83.54 against the dollar, a 6-paise reduction from its previous closing level.
13 June,2024 10:07 AM IST | Mumbai | mid-day online correspondentIndia's GDP growth slows to 5.4% in Q2 FY25, annual growth may dip below 6.5%
India's GDP growth dropped to 5.4 percent in Q2 FY25, primarily due to a manufacturing-led slowdown, with full-year growth expected to fall below 6.5 percent, as per an SBI report
30 November,2024 09:26 AM IST | New DelhiNifty recovers 24000 mark, Sensex rises 400 points after sharp fall
Nifty regains the 24,000 mark and Sensex surges by 400 points after a sharp correction on Thursday, as global market concerns weigh on investor sentiment
29 November,2024 10:00 AM IST | MumbaiNifty, Sensex rally for third session as experts flag caution
Indian stock markets extended their bullish trend on Tuesday as Nifty and Sensex recorded gains for the third consecutive session. Experts caution that selling pressure remains amid MSCI rebalancing-driven FII buying
26 November,2024 10:05 AM IST | MumbaiShashi Ruia, co-founder of Essar Group, passes away at 80
Shashi Ruia, co-founder and chairperson of Essar Group, passed away at 80. A visionary entrepreneur, Ruia transformed Essar into a global business giant spanning steel, energy, and telecommunications
26 November,2024 09:47 AM IST | New Delhi | Anisha ShrivastavaNifty and Sensex rally 1.5% as Maharashtra election results boost sentiment
Indian stock markets rallied over 1.5 percent after the BJP-led coalition's landslide victory in Maharashtra. Experts predict a short-term boost, with infrastructure and financial sectors expected to benefit from renewed investor confidence.
25 November,2024 09:49 AM IST | MumbaiIndia set to introduce new data privacy legal framework: Piyush Goyal
Union Minister Piyush Goyal announces a new legal framework to safeguard data privacy while promoting seamless data exchange with trusted global partners. Speaking at the UK-India Technology Futures Conference, he outlined India's sustainability-driven digital future and potential collaborations with the UK
22 November,2024 09:31 AM IST | New DelhiRetirement Planning: Want to retire early? Will FIRE strategy really help?
At one point of time, 60 years was the base retirement age. But times have changed now and youngsters want to retire by their 30’s. FIRE method has emerged as a very famous tool to achieve that. Choose FIRE to RETIRE! This has been the mantra given by many finance gurus when it comes to early retirement. But will this really work for you? In this episode of Money Matters, SEBI Registered financial advisor Kalpesh Ashar in conversation with Katyayani Kapoor breaks the myth of the FIRE strategy and where it is flawed when it comes to retirement planning. Take a look.
Adani Group stocks see rally; Adani Green climbs nearly 15%
Adani Group stocks surged on Friday, with all 11 listed companies showing gains. Adani Green Energy led the rally, jumping nearly 15 percent, while other key stocks like Adani Energy Solutions and Adani Total Gas also posted significant growth
29 November,2024 11:19 AM IST | MumbaiRupee slips 2 paise to 84.49 against US dollar in early trade
Rupee weakens by 2 paise to 84.49 against the US dollar in early trade on Friday, pressured by foreign fund outflows and month-end dollar demand
29 November,2024 10:25 AM IST | MumbaiRupee weakens by 15 paise to 84.44 against US dollar in early trade
The rupee weakened by 15 paise to 84.44 against the US dollar in early trade on Wednesday due to liquidity constraints and muted equity market trends. Brent crude prices and a weaker dollar index limited further losses
27 November,2024 02:19 PM IST | Mumbai | mid-day online correspondentMarkets rise in early trade amid foreign fund inflows but face volatility
The Indian equity markets gained in early trade, boosted by fresh foreign fund inflows and a rally in US markets. However, tariff threats from US President-elect Donald Trump led to market volatility
27 November,2024 10:33 AM IST | MumbaiRupee rises 7 paise to 84.22 against US dollar in early trade
The rupee appreciated by 7 paise to 84.22 against the US dollar in early trade, driven by robust FII inflows and a rebound in domestic equities
26 November,2024 10:24 AM IST | MumbaiRupee strengthens by 6 paise to 84.35 against the US dollar in early trade
The rupee appreciated 6 paise to 84.35 against the US dollar on Monday, bolstered by a strong trend in domestic equities. Analysts caution that elevated crude oil prices and a firm Dollar Index may impact long-term performance.
25 November,2024 10:13 AM IST | Mumbai72% of taxpayers opt for New Tax Regime while filing ITR for AY 2024-25
5.27 crore have been filed in the New Tax Regime while the remaining 2.01 crore ITRs are filed in the Old Tax Regime
02 August,2024 04:28 PM IST | Mumbai | mid-day online correspondentRupee settles flat, gains 1 paisa against US dollar on month-end demand
The rupee held steady against the dollar on Thursday, rising by 1 paisa to close at 84.07 amidst month-end demand and potential RBI intervention. Foreign fund outflows and importer demand weighed on the currency as it neared record low levels.
31 October,2024 04:34 PM IST | MumbaiCREDAI-MCHI report shows surge in housing sales in MMR
The report highlights a substantial surge in sales in certain regions, including South Mumbai, which saw a 41 per cent increase driven by the redevelopment of old buildings into luxury projects
02 July,2024 10:35 AM IST | Mumbai | mid-day online correspondent