The Centre, which turned over a new a leaf in fiscal transparency in the Budget FY22 by ending its practice of off-Budget borrowings through state-run agencies, wants to pre-pay the remaining such outstanding liabilities of Rs 1.7 trillion over a reasonable period, but it can’t, as investors are unwilling to forego such high interest-bearing bonds, […]
Domestic equity indices fell nearly 1% on Wednesday, as the market sentiment remained negative, fearing further US Fed rate hikes. The NSE Nifty 50 tanked 184.55 pts or 1.04% to 17,642.15 and the 30-share BSE Sensex fell 603 pts or 1% to 60,069. All the broader market and sectoral indices were trading in red, except […]
Union Minister for Fisheries, Animal Husbandry and Dairying Parshottam Rupala on Friday made it clear that the country will not import dairy products like butter and the supplies will be improved with the help of huge untapped domestic sector. Rupala’s statement comes even as his ministry’s top official had last week stated that the stocks […]
Flipkart Internet, the marketplace arm of Walmart-owned e-commerce giant Flipkart, posted a 50% growth in its logistics segment — the largest by revenue, helping the company boost its topline and cut losses by 9% during financial year 2022-23. The arm posted a loss of Rupees 4,027 crore in FY23, slightly lower than Rupees 4,420 crore […]
Indian share market is likely to begin the week on a positive note, hinted SGX Nifty. Benchmark indices BSE Sensex and NSE Nifty may open in green as Nifty futures traded 154 pts or 0.86% higher at 18113 level on the Singapore Exchange. “This week will mark the beginning of the earnings season and the […]
Asian shares rose on Friday after Wall Street reversed losses on signals of a measured policy tightening approach from the U.S. Federal Reserve as well as on prospects of a solid economic recovery in China. Global markets have been buffeted by a raft of strong U.S. data over recent weeks, including U.S. jobless claims overnight, […]
Domestic indices ended Tuesday’s volatile session broadly in red. The Nifty settled above the crucial 17300 level while Sensex closed below 60000. Meanwhile, the banking index, Bank Nifty closed below 40,300. The top gainers on the Nifty 50 were Adani Enterprises (up 14.90%), Adani Ports (up 5.11%), Asian Paint (up 3.02%), Britannia (up 1.08%) and […]
By Shrikant Chouhan The benchmark indices corrected sharply, the Nifty 50 ended 215 points lower while the BSE Sensex was down by 703 points. On Tuesday, the market opened with a positive note but in the late afternoon it witnessed exceptional intraday sell-off. In the last two hours, the Nifty corrected over 390/1200 points. Among […]
In good news for depositors before the new year, State Bank of India (SBI) and Axis Bank have raised interest rates on fixed deposits by up to 50 basis points (bps) across various tenors. SBI has increased rates across various tenures, excluding FDs maturing within one year to less than 2 years, 2 years to […]
Following uproar over her recent visit to Shree Jagannath Temple in Puri, Youtuber Kamiya Jani on Sunday issued a clarification saying that she is a practising Hindu and has never consumed beef or promoted it. Jani, known for Curly Tales and her food blogging, addressed the issue through a video on Instagram, clarifying that she […]