Image used for representational purpose. | Photo Credit: Reuters The rupee consolidated in a narrow range and settled for the day 3 paise higher at 83.58 (provisional) against the U.S. dollar on July 16, on firm domestic markets and sustained inflow of foreign capital. Forex traders said a decline in crude oil prices favoured the…
Target: ₹1,350 CMP: ₹1,078.65 We visited multiple Go Colors (GO) stores across Mumbai to validate our thesis around the bottom-wear category and its TAM. Our conviction on category relevance got strengthened when we saw customers walking in with their tops to find their perfect colour match. GO is expanding portfolio (over 50 styles) enables a…
Nearly a week after the Reserve Bank of India (RBI) highlighted a gap in deposit and credit growth during a meeting with the top bosses of public and private sector, Bank of Maharashtra and Bank of Baroda have rolled out special tenure deposit schemes in order to fund growing demand for credit. Bank of Baroda,…
Representational image of a traffic signal in the foreground of the Bombay Stock Exchange’s on Dalal Street seems to reflect the mood of the stock markets | Photo Credit: Paul Noronha Benchmark stock indices Sensex and Nifty settled at record high levels in their third straight day of gains on Tuesday following buying in FMCG,…
A farmer prepares his land to take up paddy cultivation on the outskirts of Viayawada on July 15, 2024. | Photo Credit: KVS Giri Indian farmers have accelerated planting of summer-sown crops, such as paddy, soybean, cotton, and corn, following above-average monsoon rainfall in July that came after a deficit in June, government data shows….
Gold prices is all set to hit $3,000 per ounce due to significant expansion in financial flows, according to Citi report. The weakening US labour market, disinflation and a soft June CPI print are expected to strengthen the Federal Reserve’s dovish pivot at the upcoming July FOMC meeting. This could lead to bullish effects for…
In recent years, passive investments have seen a meteoric rise in popularity. According to data from the Association of Mutual Funds in India (Amfi), the share of passive funds in the mutual fund industry had surged to an impressive 17.5% as of March 2024 from 7.4% in March 2020. But there’s a fascinating middle ground…
Tata Steel Stock/ Share Price Updates for July 16, 2024: Tata Steel stock traded among top gainers in Nifty 50 pack
New Delhi: The union government may increase the outlay for the Rashtriya Krishi Vikas Yojana (RKVY) for FY25 by about 10% to ₹8,308.3 crore in the upcoming budget, two people aware of the development said. The RKVY scheme was launched under the department of agriculture and cooperation (DAC) of the agriculture ministry in 2007 and…
Formal employment seems to have picked up pace with both the Employees Provident Fund Organisation (EPFO) and the National Pension System (NPS) registering a significant rise, reported Hindu Business Line. The EPFO reported that despite a dip in new subscribers for 2023-24 compared to the previous fiscal, the number of new subscribers in FY24 had…
