Business

August 14, 2024 5:07 PM

Stock market closes on a positive note amid cautious sentiment

The Indian stock market ended Wednesday's trading session on a positive note, despite a cautious undertone among investors. The Nifty 50 at the National Stock Exchange (NSE) recorded a marginal gain of 4.75 points, or 0.02%, closing at 24,143.75. Meanwhile, the BSE Sensex advanced by 149.86 points, ...

August 12, 2024 8:59 PM

Direct tax collections 24% higher at Rs 8.1 lakh crore

The Indian government's gross direct tax collections for the fiscal year 2024-25 have seen a significant increase, rising by 24% year-on-year to Rs.8.13 lakh crore, according to data released by the Central Board of Direct Taxes (CBDT) on Monday. This sharp uptick comes in comparison to the Rs.6.55 ...

August 12, 2024 7:16 PM

Retail Inflation Drops to Five-Year Low of 3.54% in July, Below RBI’s Target

Retail inflation in India saw a significant decline in July, hitting a five-year low of 3.54%, according to data released by the Ministry of Statistics and Programme Implementation. This sharp decrease brings the inflation rate well below the Reserve Bank of India's (RBI) target of 4%, offering some...

August 10, 2024 7:17 PM

In FY24, 272 companies went public as compared to 164 in FY23: SEBI

India's Initial Public Offering (IPO) market witnessed a resurgence in 2024, with a total of 272 companies going public compared to 164 during the previous fiscal year, highlights a report by SEBI. The market regulator SEBI stated that upbeat secondary markets, enthusiasm from retail investor...

August 9, 2024 4:14 PM

Indian indices rebound: Sensex jumps 820 points, Nifty above 24,350

The Indian equity markets made a strong recovery on August 9, erasing the losses from the previous session, as buying activity intensified across all sectors. The benchmark indices, Sensex and Nifty, both recorded a 1.04% gain by the close of trading. The BSE Sensex surged by 819.69 points to settl...

September 16, 2024 4:28 PM

RBI increases UPI payment limit from Rs 1 lakh to Rs 5 lakh

The Reserve Bank of India (RBI) has provided major relief to UPI consumers. The central bank has increased the limit for making payments through UPI from Rs 1 lakh to Rs 5 lakh. Addressing the media after the three-day bimonthly Monetary Policy Committee (MPC) meeting, RBI Governor Shaktikanta Das ...

August 8, 2024 5:32 PM

Sensex and Nifty dip as RBI maintains unchanged repo rate at 6.5%

Indian equity markets closed on a weak note following the Reserve Bank of India's (RBI) decision to keep the policy repo rate unchanged at 6.5%. The benchmark indices opened lower and continued to trade in negative territory throughout the day.   The BSE Sensex ended the session down 582 points, ...