A man walks past the logo of the Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: REUTERS Equity benchmark indices Sensex and Nifty hit fresh lifetime high levels before closing flat due to profit-taking in select banking and telecom shares amid concerns over rich valuations on Tuesday. The 30-share BSE Sensex declined…
Photo used for representation purpose only. | Photo Credit: Reuters The RBI on July 2 proposed rationalising regulations that cover export and import transactions with an aim to promote ease of doing business and empower banks to provide more efficient service to their foreign exchange customers. The central bank has issued ‘Regulation of Foreign Trade…
Silver rallied sharply and hit multi-year high last week. It appreciated 11.7 per cent for the week as it ended at $31.5 per ounce. Gold continued its upward trajectory as well and posted a weekly gain of 2.3 per cent as it ended at $2,414.7 per ounce on Friday. Similarly, on the Multi Commodity Exchange,…
Aditya Birla Sun Life Asset Management Company believes that the inclusion of India in JP Morgan’s indices amid a favourable economic backdrop provides an opportunity for investors seeking stable returns in emerging markets. The convergence of macroeconomic stability, potential rate cuts, and innovative investment products like the ETF will position India as a compelling destination…
GDP growth Intent: The budget document is vital to understand GDP growth expected for the next year. The budget is presented two months prior to the start of the next financial year (2024-25) and within a month of the first estimate for the current year (2023-24). Higher growth estimates can mask higher deficit numbers, which…
For decades, the plain-old bank FDs (Fixed Deposits) have been the go-to option for Indians to save money. It is a simple product – deposit your money for a fixed tenure with the bank, and the bank will then give you returns in the form of interest income at a fixed rate periodically. These days,…
The rupee depreciated 6 paise to settle at 83.50 (provisional) against the U.S. dollar on Tuesday, weighed down by a strong greenback in the overseas market and elevated global crude oil prices. Besides, a muted trend in domestic equities and foreign fund outflows dented investor sentiments, forex traders said. At the interbank foreign exchange market,…
Image used for representational purpose. | Photo Credit: Reuters Business activity in India expanded at a faster clip this month from May thanks to gains in manufacturing and services, according to a business survey that also showed the pace of job creation was at its strongest in over 18 years. Robust gains in both sectors…
At a time when sharp increase in yellow metal price is posing a challenge to the gold jewellery companies, Malabar Gold and Diamonds, has been able to cushion its impact by cutting costs, through automation, and attracting new buyers. The price volatility, has not prevented the company from pursuing its global expansion plans. The healthy…
dani Group Share Prices/ Stocks Today Live Updates 2 July 2024: US short-seller Hindenburg Research, which had rocked the Adani Group with allegations of stock market manipulation and accounting fraud, on Tuesday said it has received a show cause notice from Indian capital market regulator SEBI over alleged violations in placing bets on the conglomerate…
