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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | mid-day online correspondentAfter a five-day losing streak, Sensex and Nifty rebounded in early trade on Tuesday, driven by value buying and DII support despite continued FII selling.
25 February,2025 11:00 AM IST | MumbaiRBI Governor Sanjay Malhotra expressed confidence that India can achieve a growth rate of over 7 percent and should aspire to do so. Speaking at the post-MPC press conference, he emphasised the balance between inflation control and economic growth, highlighting RBI’s optimistic outlook on inflation and monetary policy.
07 February,2025 02:38 PM IST | New DelhiThe Reserve Bank of India has projected a retail inflation of 4.2 percent for FY26, down from 4.8 percent in FY25, citing favourable food conditions but warning of global uncertainties and volatile energy prices.
07 February,2025 11:18 AM IST | MumbaiAnuj Puri, Chairman of ANAROCK Group, discusses the impact of the RBI's repo rate reduction on the housing sector, affordable housing buyers, and the broader real estate market.
07 February,2025 10:54 AM IST | MumbaiThe Indian stock market ended nearly unchanged on Budget day, with Nifty and Sensex closing flat after a volatile session. While FMCG and realty stocks surged, IT, banking, and metal sectors faced selling pressure
01 February,2025 04:39 PM IST | MumbaiAt the interbank foreign exchange, the rupee opened on a positive note at 86.28 against the greenback
22 January,2025 08:13 AM IST | Mumbai | AgenciesThe reserves have been falling, most likely as a result of RBI intervention aimed at forcefully preventing the rupee from depreciating sharply
05 January,2025 04:48 PM IST | New Delhi | mid-day online correspondentIndian stock markets opened nearly flat with slight positive movement as experts express concerns over the sustainability of FIIs' buying due to macroeconomic factors like a strengthening US dollar. Market movements are expected to remain moderate until major corporate earnings reports.
03 January,2025 10:03 AM IST | MumbaiIn a statement, Adani Enterprises Ltd said it will sell a 31.06 per cent stake to Wilmar International. Another 13 per cent will be sold in the open market to meet minimum public shareholding requirements
30 December,2024 04:11 PM IST | New Delhi | PTIADVERTISEMENT
Finance Minister Nirmala Sitharaman in her July 2024 Budget speech announced a comprehensive review of the Income Tax Act 1961. She had also announced that a new tax system would eventually be introduced to make the tax concise and easy to understand. Will the Direct Tax Code replace the Income Tax Act 1961 this Budget 2025? But what is Direct Tax Code, or DTC? Here is all you need to know.
Indian markets opened weak on Monday as the Sensex plunged below 75,000 and Nifty dropped 188 points, impacted by global uncertainties, FII outflows, and concerns over US trade policies.
24 February,2025 10:47 AM IST | MumbaiThe number of pages has been reduced substantially to 622, almost half of the current voluminous Act which includes amendments made over the last six decades
12 February,2025 12:31 PM IST | New Delhi | PTI5.27 crore have been filed in the New Tax Regime while the remaining 2.01 crore ITRs are filed in the Old Tax Regime
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Five Nifty indices surged over 30% in 2024 with the Real Estate index securing the 4th spot, posting a strong 34.67% annual gain
13 February,2025 02:07 PM IST | Mumbai | mid-day online correspondentThe 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.
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
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