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Finance

January 19, 2025 4:35 PM

India to grow at 6.7% for next two years: World Bank

India is projected to sustain its position as the fastest-growing major economy, with a growth rate of 6.7% in both FY26 and FY27, according to the World Bank’s latest Global Economic Prospects (GEP) report, outpacing a global growth projection of 2.7% for 2025-26. The GEP report attributes India...

January 17, 2025 4:19 PM

Indian stock market ends lower after 3-day gains, Nifty below 23,250

Indian stock market benchmarks ended in the red on Friday, marking a pause after a three-day gaining streak. The decline was led by selling in IT and financial services sectors. The Sensex closed at 76,619.33, shedding 423.49 points, or 0.55%, while the Nifty settled at 23,203.20, down by 108.60 po...

January 17, 2025 11:35 AM

World Bank projects India’s growth to be 6.7 percent in next two fiscal years

The World Bank projects India’s economy to grow by 6.7 per cent in the next fiscal year starting in April, slightly higher than in the current fiscal year, and continuing to top the growth tally. The Word Bank’s Global Economic Prospects released on Thursday estimated the current fiscal year’...

January 16, 2025 4:53 PM

Indian stock market ends higher, Adani Ports among top performers

India's benchmark indices closed higher on Thursday, with Adani Ports emerging as one of the top gainers. The Sensex ended at 77,042.82, with an increase of 318.74 points, or 0.42 percent. Nifty closed at 23,311.80, up by 98.60 points, or 0.42 percent. Adani Ports concluded the session at ₹1,151...

January 16, 2025 12:44 PM

Indian stock market opens higher amid positive global cues

The Indian stock market opened higher on Thursday amid positive global cues, including hope of an end to the conflict in Gaza, as buying was seen in the PSU bank and financial service sectors. At around 9.22 am, Sensex was trading at 77,157.74 after rising 433.66 points or 0.57 per cent, while Nift...

January 15, 2025 4:16 PM

Indian stock markets end higher, realty sector posts gains

India’s benchmark stock indices closed higher on Wednesday, driven by gains in the realty sector, which rose by 1.39%. The BSE Sensex ended at 76,724.08, gaining 224.45 points or 0.29%, while the NSE Nifty closed at 23,213.20, up by 37.15 points or 0.16%. The Nifty Bank index recorded a marginal ...

January 14, 2025 4:45 PM

Indian equity market closes higher amid global and domestic positivity

The Indian stock market closed on a positive note on Tuesday, supported by favorable domestic and global factors. The Sensex ended 169.62 points higher, or 0.22%, at 76,499.63, while the Nifty gained 90.10 points, or 0.39%, to close at 23,176.05. Adani Group stocks performed strongly, with all gro...

January 14, 2025 1:20 PM

Net direct tax collections surge 16% to ₹16.90 lakh crore in FY25

India’s net direct tax collections recorded a robust 15.88% jump to ₹16.90 lakh crore during April 1, 2024–January 12, 2025, compared to the same period of the previous financial year, according to the latest figures compiled by the Income Tax Department. The gross direct tax collections, bef...

January 14, 2025 12:45 PM

Banks hike interest rates on FDs amid fierce competition for deposits

Banks have started offering higher returns on FDs amid fierce competition to raise more deposits. While leading banks such as SBI and HDFC were the first to raise interest rates on FDs, smaller banks such as IDBI have followed suit for fear of getting left behind in the race. SBI introduced a new c...

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Last Updated: 19th Jan 2025