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NEWS
Sensex plunges 398 points, Nifty breaches 25K on rate cut fears; bank, metal, auto stocks hammered
Thu, Sep 12, 2024     Source : Economic Times
Indian equity benchmark indices closed lower on Wednesday in a highly volatile session, dragged by auto, metal, and banking stocks.
NEWS
Bajaj Housing Finance’s Rs.6,560-crore IPO sets a record with bids topping Rs.3.24-lakh cr
Thu, Sep 12, 2024     Source : Business Line
The fresh capital would be used for the business growth process
NEWS
Govt proposes to give brokers more freedom to invest surplus cash
Thu, Sep 12, 2024     Source : Business Standard
Amendment to SCRA to allow brokers venture into other businesses as long as client funds are protected
NEWS
Tata Motors shares plunge 6% on weak growth outlook, UBS downgrade
Thu, Sep 12, 2024     Source : Economic Times
Shares of Tata Motors fell 5.6% to a day's low of Rs 977.80 on the BSE, making it the biggest laggard on both the Nifty 50 and the auto index.
NEWS
RBI intervention keeps rupee below 84/$
Thu, Sep 12, 2024     Source : Financial Express
In the last two months, the rupee has hit several fresh lows against the dollar on fears about slowing down of the US economy, weakening global investors appetite for emerging market currencies.
NEWS
PMS industry makes a case for managing SEBI’s ‘new asset class’
Thu, Sep 12, 2024     Source : Business Line
Allowing PMS players to manage the new asset class may especially benefit the boutique players who may be struggling to get money in excess of ?50 lakh per client
NEWS
Sitharaman-led GST Council has a key task now to develop a long-term vision for tax
Thu, Sep 12, 2024     Source : Economic Times
As GST Council concluded it 54th Council meeting, it was clear that the council had once again quickly reacted to certain industry pain points and rectified them and also simultaneously put in place GOMs f...
NEWS
Comprehensive trade portal launched for all exports, imports info
Thu, Sep 12, 2024     Source : Economic Times
The government on Wednesday launched Trade Connect ePlatform, a portal to provide all kind of information related to exports and imports, a move aimed at ease of doing business for aspiring and existing en...
NEWS
Indian economy has finally taken off, says veteran banker Deepak Parekh
Thu, Sep 12, 2024     Source : Business Standard
US manufacturing, infra cos should invest more, says veteran banker
NEWS
Reserve Bank of India to stick to higher digital deposit buffer proposal: Report
Thu, Sep 12, 2024     Source : Economic Times
India's Reserve Bank of India will stick to its plan to ask lenders to set aside more funds for digitally linked deposits, despite the industry's plea for a lower buffer to avoid a hit to their liquidity, ...
NEWS
Tata, Reliance, Adani: Corporate India’s top 6 go long on profit, short on jobs
Thu, Sep 12, 2024     Source : Financial Express
The rapid adoption of artificial intelligence (AI) and automation, accelerated by the pandemic, has rendered certain roles redundant.
NEWS
Cabinet allocates Rs 12,461 crore for revised hydro projects scheme
Thu, Sep 12, 2024     Source : Business Standard
The scheme was first announced in 2019 and builds on the initiative floated in 2016 to boost the growth of hydro power in the country
NEWS
Wall Street closes up on tech boost; inflation data dents hopes for big Fed rate cut
Thu, Sep 12, 2024     Source : Economic Times
All three major U.S. stock indexes closed higher on Wednesday with a boost from the technology sector offsetting investor disappointment at an early morning inflation report, which crushed hopes the Federa...
NEWS
Small finance banks now going big on deposit rates
Thu, Sep 12, 2024     Source : Economic Times
More than half-a-dozen small finance banks (SFBs) have raised their fixed deposit rates to more than 8% for a two- year tenure as they scramble with the giants, such as State Bank of India and HDFC Bank, t...
NEWS
Sensex jumps 150 pts, Nifty reclaims 25,000 tracking rally in US stocks
Wed, Sep 11, 2024     Source : Economic Times
Following Wall Street's overnight rally, the domestic stock market opened Tuesday's session on a positive note with Nifty reclaiming the 25,000 level while Sensex went up 150 points amid buying in defensiv...
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