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Man arrested in Thane for cheating investors of Rs 47 lakh

Man arrested in Thane for cheating investors of Rs 47 lakh

Thane police have arrested Zakir Ali Kazi, a man accused of defrauding 10 people of Rs 47 lakh by promising high returns on investments in his car business. His son remains at large

06 December,2024 01:05 PM IST | Mumbai
Markets experience sharp volatility ahead of RBI monetary policy announcement

Markets experience sharp volatility ahead of RBI monetary policy announcement

Markets saw sharp volatility with Sensex dipping 75 points and Nifty losing 25 ahead of the RBI monetary policy announcement. Foreign investment and retail buying led to intra-day fluctuations

06 December,2024 10:06 AM IST | Mumbai
20 booked for duping investors of Rs 26 lakh in cryptocurrency investment fraud

20 booked for duping investors of Rs 26 lakh in cryptocurrency investment fraud

The accused promised monthly returns 12-15 times on the initial investment in a cryptocurrency scheme to lure potential investors between May 2022 and March 2024, an official said

02 December,2024 09:58 PM IST | Thane | mid-day online correspondent
Sensex and Nifty recover in early trade with a rally in blue-chip bank stocks

Sensex and Nifty recover in early trade with a rally in blue-chip bank stocks

Indian equity benchmarks Sensex and Nifty rebounded in early trade on Friday, following a sharp decline in the previous session. The recovery was led by value buying at lower levels, gains in blue-chip bank stocks, and support from domestic institutional investors

22 November,2024 10:22 AM IST | Mumbai
Markets open lower as FPI outflows and IT stocks weigh on Sensex and Nifty

Markets open lower as FPI outflows and IT stocks weigh on Sensex and Nifty

The Sensex and Nifty both declined in early trade on Monday, weighed down by continuous foreign portfolio investor outflows, a sell-off in IT stocks, and negative cues from the US markets

18 November,2024 10:12 AM IST | Mumbai
Continuous sell-off by foreign investors may pressure India's balance of payment

Continuous sell-off by foreign investors may pressure India's balance of payment

A report by DSP Asset Managers warns that a combined sell-off by foreign investors and rising crude oil prices could put significant pressure on India's Balance of Payments, which may lead to economic instability.

12 November,2024 10:32 AM IST | New Delhi
Sensex, Nifty rise in early trade on value buying and market optimism

Sensex, Nifty rise in early trade on value buying and market optimism

The Sensex and Nifty gained in early trade on Tuesday, driven by value buying and sustained investments from domestic institutional investors. The rally followed optimism in the US markets.

12 November,2024 10:20 AM IST | Mumbai
FPI's offload rs 19,994 crore in november's first five trading sessions

FPI's offload rs 19,994 crore in november's first five trading sessions

Foreign portfolio investors (FPIs) have sold Rs 19,994 crore worth of Indian equities in the first five trading sessions of November, exacerbating market volatility and raising concerns over stability.

09 November,2024 02:34 PM IST | New Delhi
Despite FII outflows, total investment in India remains at USD 18.24 billion

Despite FII outflows, total investment in India remains at USD 18.24 billion

Foreign institutional investors (FII) withdrew significant amounts from India on November 8, 2024, yet total FII investment for the year remains strong at USD 18.24 billion, according to an SBI report. The report highlights the country’s robust economic growth and market conditions amidst global challenges.

08 November,2024 11:48 AM IST | Mumbai
Indian rupee shows resilience with marginal dip amid global currency volatility

Indian rupee shows resilience with marginal dip amid global currency volatility

The Indian Rupee only saw a slight depreciation in October, outperforming other global currencies facing sharp declines, according to a Bank of Baroda report. The report attributes the rupee's stability to India’s strategic market positioning and the robust dollar, with geopolitical and inflation factors likely to shape future trends.

05 November,2024 12:21 PM IST | New Delhi

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