A view of the International Monetary Fund headquarters building in Washington, DC ahead of the 2024 IMF/World Bank Annual Meetings. | Photo Credit: AFP The International Monetary Fund (IMF) maintained its June growth rate projects for India in its latest World Economic Outlook (WEO) released on Tuesday (October 22, 2024), to kick off the World…
Benchmark indices fell over a per cent on Tuesday to their lowest in over two months on rise in US bond yields, sustained selling by foreign investors and disappointing domestic earnings. Lofty valuations, tensions in West Asia and “Buy China, Sell India” trade have triggered an exodus of hot money this month. Monthly selling by…
Godrej & Boyce’s Security Solutions division, part of the Godrej Enterprises Group, has unveiled a new line of high-security products tailored specifically for the jewellery sector. This new product line aims to address the needs of small jewellery units, which are particularly susceptible to burglaries and related risks due to a lack of awareness about…
India’s online travel platform EaseMyTrip has teamed up with AutoTech company CARS24 in a promotional partnership running from October 15-22, 2024. Under the collaboration, one EaseMyTrip customer will win a pre-owned car valued between ₹3-5.5 lakhs, while CARS24’s highest spender during the campaign period will receive a complimentary Goa vacation package. The shares of Easy…
Secondary residency involves an economic contribution to the host country or a real estate purchase in exchange for residency rights. There are residency by investment programmes, also known as Golden Visas, all over the world, but the most popular ones in UHNWI circles are in Europe, West Asia, and North America. In Europe, established residency…
State-owned NBCC (India) Ltd shares saw a decline of 5.7 per cent in today’s trading session on the Bombay Stock Exchange (BSE). The stock closed on tuesday at ₹96.70 after opening at ₹101.05 and it reached a high of ₹101.65 and a low of ₹96.05. On monday, the stock closed at ₹102.55. Despite the dip…
Photo used for representation purpose only. | Photo Credit: Reuters The rupee settled flat at 84.07 (provisional) against the US dollar for the second straight session on Tuesday (October 22, 2024), tracking negative domestic equity markets and unabated outflow of foreign funds. The local unit was also weighed down by elevated crude oil prices as…
Indian equity benchmarks witnessed a sharp selloff on Tuesday, with the Sensex plunging 930.55 points to close at 80,220.72 and the Nifty50 dropping 309 points to end at 24,472.10, as persistent foreign investor selling and disappointing quarterly earnings dented sentiment. The selloff deepened in the latter half of the trading session, with the Nifty falling…
The dematerialization process First, open demat accounts for the transferor and the transferee. “We get two demat accounts—one for the transferor and one for the transferee. If units are in physical form, they must first be dematerialized,” explains Amit Sahita, director of Fincode Advisory Services Pvt. Ltd. View Full Image Graphic by Pranay Bhardwaj If…
A view of the Bombay Stock Exchange in Mumbai. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty plunged more than 1% on Tuesday (October 22, 2024) due to across-the-board selloff amid massive foreign fund exodus from the capital markets and sluggish global equities. Besides, a weak earnings growth trend also dented market sentiment,…
