Amidst the dawn of the new day, Indian equity indices embarked on an upward trajectory, lingering near unprecedented peaks, sustaining the momentum carried forth from preceding sessions. This surge can be primarily attributed to a moderation in inflation observed in May, both within the Indian subcontinent and across the shores of the United States. As […]
In a strategic move reflecting the fluidity of travel trends and market dynamics, SpiceJet, a prominent player in India’s aviation sector, has declared the suspension of its direct flight service from Hyderabad to Ayodhya, effective as of the 1st of this month, citing subdued demand. This decision to halt operations along this route comes mere […]
In Mumbai, the Indian stock market began the day with optimism, driven by widespread purchasing activities. As of 9:40 am, the Sensex stood at 76,806, marking a gain of 349 points or 0.46 percent, while the Nifty witnessed an increase of 109 points or 0.47 percent, reaching 23,374. A favorable momentum is noticeable across the […]
In the heart of Mumbai, the stock market plummeted amidst swirling anticipation of a resounding victory for the NDA, as indicated by the latest exit polls. Market insiders emphasized on Tuesday that despite this tumultuous ride, the narrative of India’s potential remains robust for the foreseeable future. Predictably, they foresee a continued rollercoaster for the […]
Amidst the opening bell of trading on Monday, the primary equity gauges Sensex and Nifty experienced a robust surge, marking an impressive ascent of nearly 4 percent, thus reaching unprecedented zeniths. This notable upswing followed the dissemination of exit polls prognosticating a sweeping triumph for the BJP-led NDA in the Lok Sabha elections. The bellwether […]
In a remarkable move, India has repatriated a staggering 100 metric tonnes of its gold reserves from the United Kingdom to its domestic vaults in the fiscal year 2024, disclosed sources on Friday. This monumental transfer marks one of the most significant movements of gold by the nation since 1991. Back then, amidst a severe […]
The Reserve Bank of India (RBI) declared in its yearly report published on Thursday that the Indian economy is poised to expand at a rate of 7 per cent in the ongoing fiscal year commencing in April. In the financial year spanning April 2023 to March 2024, the Indian economy witnessed a robust surge, with […]
In contradistinction to the notion circulating, Paytm operator One97 Communications Ltd affirmed today that there exists no negotiation underway regarding a stake acquisition by the Adani Group. Dismissed as “deceptive and unfounded” by the Adani group, such assertions were vehemently refuted. In response to a circulated report suggesting a dialogue between billionaire Gautam Adani and […]
In a directive issued on Monday, the Securities and Exchange Board of India (Sebi) mandated social enterprises associated with the Social Stock Exchange (SSE) to furnish an ‘annual impact report’ for the fiscal year 2023-24 by the end of October. This comprehensive report to the SSE encapsulates both the qualitative and quantitative dimensions of the […]
The Reserve Bank of India (RBI) has proclaimed its most elevated ever dividend disbursement, totaling Rs 2.11 lakh crore, to the central administration for the fiscal period 2023-24. This determination is anticipated to considerably enhance the Centre’s administration of the financial deficit or the disparity between a government’s earnings and outlay. This apportionment was notably […]
In the fiscal year 2023-24, India found itself grappling with a trade deficit across nine of its top 10 trade partners, a scenario where imports exceeded exports. The nations in question, including China, Russia, Singapore, and Korea, contributed to this economic imbalance, as per official records. Interestingly, the data unveiled a widening deficit concerning China, […]
Reliance Industries, spearheaded by billionaire Mukesh Ambani, has submitted a request to the Competition Commission of India (CCI) for approval regarding the fusion of Viacom18 and Star India Pvt Ltd (SIPL), amounting to a staggering USD 8.5 billion. The intended merger seeks to amalgamate the entertainment divisions, alongside select other identified sectors, of Viacom18, a […]
In the realms of Pilibhit, a male individual, accused of the homicide of a medical caregiver, purportedly met his demise through self-inflicted means in Uttar Pradesh’s Pilibhit on the day of Saturn. As conveyed by an authoritative figure from the law enforcement, the corpus of Shivam Shukla has been dispatched for examination subsequent to which […]
On the date of May 23, the Nifty 50 index reached an unprecedented pinnacle, marking a historical zenith at 22,993.60 points, while the Sensex also soared to a monumental peak, registering an all-time high of 75,499.91 points. This surge of 1.7 per cent in both the Nifty 50 and Sensex indices on May 23 was […]
In Mumbai, the Indian stock market witnessed an upward trajectory on Thursday, driven by robust domestic signals. By 2:40 pm, the Sensex had surged by over 1000 points, marking a 1.44 percent increase, reaching 75,288 points. Concurrently, the Nifty experienced a gain of 329 points, equating to a 1.46 percent rise, reaching 22,927 points. This […]
In a recent development, Swati Maliwal, a Member of Parliament representing the Aam Aadmi Party (AAP), launched a scathing critique against her own party. She vehemently denounced the dismissal of her accusations of assault against Bibhav Kumar, an aide to Chief Minister Arvind Kejriwal, as unfounded. Maliwal asserted that the AAP has capitulated to the […]
