Light
Dark
Reserve Bank of India (RBI) has relaxed the restriction placed on sourcing new credit cards. HDFC Bank, being the largest credit card issuer in the country with a card base of 14.8 million as of June 2021, has lost around 0.6 million cards since the embargo. After which the private lender HDFC Bank’s Managing Director […]
Indian businessman Radhakishan Damani who is an owner of retail chain DMart is now among the top 100 richest people in the world. Damani grew up in a humble background has made his place in the Bloomberg Billionaires Index which is a daily ranking of the world’s richest people. He is now ranked 98 on […]
Here’s something that might perk up your ears about cryptocurrency — if Tesla founder Elon Musk being bullish about it already hasn’t. Despite the volatility of the market and the legal grey area, many investors especially youngsters are being drawn towards investing in digital currencies. With easy accessibility to cryptocurrency trading platforms like WaZirX, CoinDCX, […]
Voltro Motors, the electric cycle startup is focusing on expansion to increase production and is aiming for sales of up to ₹10 crores this fiscal. The brand stated that it is witnessing a rise in demand for electric cycles in small towns, especially after the easing of pandemic restrictions. Prashanta, the founder and director of Voltro […]
The Vehicle Scrapping Policy introduced in the 2021 budget was finally launched on August 13 during an investor summit held at Mahatma Mandir, Gandhinagar, Gujarat. The Policy was launched by Prime Minister Narendra Modi and was aimed at developing fuel-efficient vehicles that follow environmental norms make auto components that are less expensive and reduce the […]
Although most private sector banks withhold the remuneration details of senior executives in the annual reports, the shareholders can specifically request the disclosure from companies. The remuneration disclosure provides valuable information on the quantum of monetary compensation that reveals how senior managers have been appraised and compensated. As per Hemindra Hazari, the scale of remuneration […]
The stock market across Asia are trading higher on Thursday on the back of a rally in the American market. The US dollar was down on falling inflation. It also lifted Asian currencies. The market is moving upwards on cooling inflation in the US and the $3.5 trillion budget plan of president Biden getting the […]
After a sharp profit booking and touching the low point of the day, the market managed to bounce back on widespread buying on Wednesday. Despite marginal losses from the previous close, investors wealth continued to erode for the sixth day in a row. Today, total market capitalisation declined by Rs7,471 crore The Sensex was down […]
On Tuesday, the Nifty and the Sensex advanced, however, the broader market continued to decline in the Indian stock market. The trading was volatile and a few large-cap stocks from information technology, financial services and banking supported the market. The biggest losses were registered in PSU banking as well as metals. The overall texture of […]
Indian share markets are likely to open with downward bias on weak global cues. Huge profit-booking by mutual funds on Monday is also going to weigh on the market sentiments. The stock market in the US closed mildly down on concerns surrounding earlier than expected rate hikes. Similar sentiments, coupled with the spread of delta […]
Elon Musk, the chief executive of Tesla tweeted last month that Tesla would set up a factory in India if it is successful with imported vehicles. The company wrote to the Indian Ministries seeking a big reduction in import duties on electric vehicles however it was likely to face resistance from the Government. Also Read: […]
Though benchmark indices (Sensex and Nifty) indicate gains, the overall market on Monday ended with losses wiping out Rs77,663 crore of investors’ wealth in highly volatile trade. All other indicators indicated the emergence of cautious trade or profit booking at the higher levels. Looking at deep cuts in crude oil and gold prices in the […]
Buoyed by the investors’ interest in new fund offers, the total inflow in the equity mutual fund schemes jumped three-fold in July. As per the Association of Mutual Funds of India (AMFI), monthly data release new flow in equity scheme increase from Rs5,988 crore in June to Rs22.583 crore. However, four new funds from major […]
The Supreme Court of India on Monday refused to stop the probe by the Competition Commission of India (CCI) on alleged violation of foreign direct investment (FDI) rules in India. The online majors had challenged the July 23 order of the Karnataka High Court, in which the apex court has refused to stay the matter. […]
Nuvoco, one of the largest cement concrete manufacturers incorporated in 1999 and a part of the Nirma Group opens for subscription today. The company is to raise Rs 5,000 crore through its public issue this week. The IPO will be the fourth largest of its kind to make its debut in 2021 so far. Read: […]
Indian shares are likely to open weak on global cues. The stock markets in Asia are trading weak on the rising value of the dollar against the major currency and a sharp fall in gold prices that triggered margin calls. The Nifty futures closed at 16,267 on Friday while the SGX Nifty Futures (the index […]
After a better than expected jobs report, the US market had closed with gains. However, in Asian trading, today stronger American currency has resulted in deep cuts in equities, gold and crude oil. Market participants believe that this indication of recovery would force the Federal Reserve to tighten earlier than envisaged. The stock market in […]
As expected, the Reserve Bank of India (RBI) on Friday announced to keep the benchmark interest unchanged, with an economic outlook on the status quo and an increase in inflation estimates for the year 2021-22. However, economists argued that the era of record-low interest rates is ending and sooner than expected interests are going to […]
The Supreme Court of India on Friday ruled that the order of the arbitrator that put on hold the deal between Future Retail and Reliance Retail is valid. Effectively it means that the acquisition of Future Retail’s business by Reliance is now on hold and India’s most valued company may have to find another way […]
The stock market in India is likely to trade with caution in the first hour of trade as series of events are likely to impact the investors’ sentiments. The Reserve Bank of India, after three days of the meeting, will announce its assessment of the economy and monetary policy. The Supreme Court will pronounce its […]
