By Siddhant Mishra Indian equities began the New Year on a winning note as strong buying interest in financials and metal stocks gave a fillip to the indices. The Sensex gained 327.05 points, or 0.54%, to close at 61,167.79, while the Nifty50 rose 92.15 points, or 0.51%, to 18,197.45. Also read: Markets Wrap – Mon […]
The central government has pegged the gross borrowing at Rs 15.4 trillion to fund its fiscal deficit of 5.9% for FY24, finance minister Nirmala Sitharaman said in her Budget speech. The overall borrowing of the government is lower than Rs 15.8 trillion estimated in a Bloomberg survey, but higher than Rs 14.2 trillion budgeted for […]
The securitisation market is likely to witness a moderation of around 15%-20% in volumes in FY24 after hitting over Rs 1.8 trillion in the previous fiscal, following the merger of Housing Development Finance Corp (HDFC) with HDFC Bank, analysts said. Said Abhishek Dafria, vice president at ICRA, “Securitisation is expected to remain buoyant in FY24 […]
Union Home Minister Amit Shah and BJP president J P Nadda on Tuesday offered puja at Kalighat temple in the city, during their whirlwind day-long visit to the state, to assess the party’s preparedness for the upcoming Lok Sabha elections. Commencing their tour, they visited Gurudwara Bara Sikh Sangat in Central Kolkata and the Kalighat […]
Indian equity indices concluded Thursday’s session in the red territory with NSE Nifty closing below 18,000 and BSE Sensex below 60,400. The top gainers of the BSE Sensex were ITC (up 1.91%), NTPC (up 1.77%), Hindustan Unilever (up 1.75%), Mahindra & Mahindra (up 1.27%) and Nestle India (up 1.22%) while Bajaj Finance (down 7.21%), Bajaj […]
By Bibhu Prasad Das During the pandemic, online upskilling courses witnessed a boom among women. India’s progress in gender diversity is evident through Coursera’s Women Skills Report, where India ranked second worldwide for the highest number of women learners. The share of women enrolling in courses increased from 26% in 2019 to 36% in 2021, […]
The banking sector has disappointed investors in the first two months of the year, with stocks of major lenders falling quite sharply. Before the beginning of the year, the outlook on the sector was strong, with stocks tipped to be among the better performers. However, the first two months have seen a Rs 2.55-trillion wipeout […]
Oil prices clawed back some ground on Thursday after sliding to 15-month lows in the previous session as markets calmed somewhat after Credit Suisse was thrown a financial lifeline by Swiss regulators. But battered by fears of a deepening crisis for banks worldwide, market sentiment remained fragile with both benchmarks giving up some early Thursday […]
Four of the top 10 valued firms together lost Rs 56,006.15 crore in market valuation last week, with HDFC twins taking the biggest hit. Last week, the 30-share BSE benchmark fell by 58.15 points or 0.09 per cent. While HDFC Bank, State Bank of India, HDFC and Bharti Airtel faced erosion in their valuation, Reliance […]
ChatGPT has sent the share prices of online learning firms such as Chegg and Pearson sinking on fears that it will replace traditional education. However, OpenAI’s chatbot believes it won’t be able to do so, it said when prompted by FinancialExpress.com. “I am not capable of replacing online classes or school textbooks. While I can […]
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