A recent survey conducted by Axis Mutual Fund nationwide showed an increasing number of women assuming control of their financial futures. This shift is significant because historically, investment decisions were predominantly male-dominated. The survey’s findings indicate a rising trend towards greater financial independence among women. The survey also highlights that women prefer mutual funds, which…
India’s imports of gold and silver from the UAE – its Free Trade Agreement (FTA) partner – increased a whopping 210 per cent to $10.7 billion during 2023-24, while overall imports declined 9.8 per cent to $48 billion in the fiscal, per figures collated by research body GTRI. The restrictions imposed by the Directorate General…
The increase in allocations may range between 5% and 10% of the FY24 (revised estimate) level of ₹2.64 trillion, the people added. While that is a moderate raise, it would still be a fair bit higher than the 3% increased allocation proposed in the interim budget. The modest raise is being considered as the government…
Target: ₹185 CMP: ₹143.80 We initiate coverage of Inox Wind Ltd (IWL) with a Buy recommendation and a target price of ₹185. Inox Wind is a fully integrated wind energy solutions provider. The company is engaged in the business of manufacturing and selling wind turbine generators (WTGs). It also provides erection, procurement and commissioning (EPC),…
The RBI had announced the withdrawal of ₹2,000 denomination banknotes from circulation on May 19, 2023. File | Photo Credit: Reuters The total value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2,000 banknotes was announced, has declined to ₹7,581 crore…
The rupee depreciated 11 paise to settle at 83.45 (provisional) against the U.S. dollar on July 1, tracking rising crude oil prices in international markets. | Photo Credit: REUTERS The rupee depreciated 11 paise to settle at 83.45 (provisional) against the U.S. dollar on July 1, tracking rising crude oil prices in international markets. However,…
Banks will remain closed for 12 days in July on account of various regional and national holidays. The Reserve Bank of India (RBI) has designated July 3, 6, 8, 9, 16, and 17 as bank holidays under the Negotiable Instruments Act. The Negotiable Instruments Act deals with the issuance of cheques and promissory notes. Transactions…
Global central banks plan to increase gold holding in their reserves even as Indian retail consumers may shun the yellow metal due to high prices. As per the World Gold Council’s recent “Central Banks Gold Reserves” survey, nearly 30 per cent of world’s central banks plan to add gold to their own reserves this year….
NEW DELHI:The upcoming budget for 2024-25 will unveil major economic reforms and present a roadmap for Viksit Bharat, the government’s push to propel India towards ‘developed nation’ status by 2047, President Droupadi Murmu said addressing the joint session of Parliament on Thursday. “Along with significant economic and social decisions, this budget will include many historic…
REDA Share Price, IREDA Stock Price Updates: IREDA recorded loan sanctions at ₹9,136 crore and loan disbursements at ₹5,320 crore during first quarter ended June 30, 2024, a growth of 382.62% and 67.61%, respectively over corresponding quarter of FY 2023-24. Loan book stood at ₹63,150 crore, a record growth of 33.77%. ALL UPDATES July 01,…
