Oil Minister Hardeep Singh Puri on Sunday hoped petrol prices will be reduced no sooner state-owned oil companies recoup past losses.State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have for the past 15 months not revised petrol and diesel prices in line with the cost. The losses […]
The demand for gold this Akshaya Tritiya might be subdued as gold prices have surged drastically across the globe. On the MCX, the yellow metal is trading at Rs 60,230 per ten grams. Gold prices have rallied over 12% this year, and the high prices might lead to investors postponing their purchases. Gold price trajectory […]
– By HDFC Asset Management Company Limited Investments in fixed assets by listed private manufacturing companies stood at Rs 8.1 lakh crore on a trailing 12-month basis as of September 2023, increasing by 17 per cent over September 2022 levels. This rise has been primarily driven by key industries such as energy, automotive and industrials. […]
The Ministry of Home Affairs (MHA) on Wednesday declared the organisation named ‘Muslim League Jammu Kashmir’ an ‘unlawful association’ under the anti-terror law Unlawful Activities (Prevention) Act and banned it for five years. The organisation is led by Masarat Alam, interim chairman of the faction of All India Hurriyat Conference, which was earlier led by […]
Systemic risk identification and monitoring among non-banking financial companies (NBFC) is a challenge considering the significant heterogeneity within the segment, the RBI said in its latest Financial Stability Report. NBFC-investment and credit companies (NBFC-ICCs), and NBFC infrastructure finance companies (NBFC-IFCs) account for 95% of the NBFC segment’s advances.RBI notes that the balance sheets of these […]
Indian equity indices ended Thursday’s session in the green territory. The Sensex closed above 61,100 while the Nifty settled just below 18,200. The top gainers of the BSE Sensex were Bharti Airtel (up 2.39%), State Bank of India (up 2.10%), Axis Bank (up 1.63%), Tata Steel (up 1.50%) and ICICI Bank (up 1.16%) while Tata […]
India announced steps to deepen its foreign exchange market by allowing local residents trade currency derivatives contracts popular in the offshore market, according to the central bank. Local lenders with a so-called IFSC Banking Unit — basically having a unit in the International Financial Services Centre currently in GIFT City in the western state of […]
By Rajesh Palviya In the Nifty current series, there has been a Long Unwinding witnessed with a decrease in price of -0.02% and decrease in OI by -4.73% as of Wednesday wherein there was unwinding of 4.93 lakh shares in OI, decreasing from 104.13 lakh to 99.20 lakh shares. Nifty November rollover stands at 15.69%, […]
Being a Maharatna PSU in India is a prestigious status granted to select state-owned companies by the Indian government. To be considered a Maharatna, a PSU must meet certain criteria related to its performance, financials, and global competitiveness. Maharatna PSUs are given greater autonomy and freedom in decision-making, as well as enhanced financial and operational […]
InCred Finance, the lending business of financial services firm InCred, which had last month announced $60 million in Series D funding, has turned unicorn. The non-banking financial company (NBFC) is now valued at $1.04 billion following the latest funding and has become the second company (after 10-min grocery delivery startup Zepto) to gain unicorn status […]
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