India's debts in the last 20 years: The debt on the country is continuously increasing. This year the debt on the central government increased by Rs 50 crore. It has become 172 lakh crore. Which is 58.2 percent of the country's total GDP. If the figures of the state government's …
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Kishore Biyani's Future Retail clears bankruptcy, Rs. 28000 crore debt
Future Retail For Liquidation By NCLT: The NCLT has ordered the start of the liquidation process by allowing Kishore Biyani's company Future Retail, which laid the foundation of modern super stores in the country and was once considered a giant in the retail sector, to file for bankruptcy. The Mumbai …
Read More »Signs of rise in gold again, due to which prices are likely to increase, know today's latest update
Gold price today: After the announcement of reduction in customs duty in the Union Budget, gold and silver prices are seeing a decline at the local level. But due to rising geopolitical tensions in the Middle Eastern countries and before the announcement of interest rates by the Fed Reserve, gold …
Read More »Stock markets rise, Sensex rises by 300 points, Nifty close to 25000
Stock Market Today: The Indian stock market has been seen moving ahead with precautionary steps. For the last three days, the growth recorded in the first half of the market is getting washed away in the second half. Today, after opening in the green mark, the Sensex rose by 302.62 …
Read More »An effort to rid investors of the F&O casino 'addiction'
Mumbai: Capital market regulator Securities and Exchange Board of India (Sebi), with a good intention to wean retail investors and the younger generation that is flocking to the country's stock markets in large numbers away from speculative and casino-like habits of futures and options (F&O) trading which are highly risky, …
Read More »Despite the increase in capital gains tax, the attractiveness of mid-smallcap stocks is increasing
Mumbai: Mid-caps and small-caps are still rallying post the Budget despite concerns over hike in long-term and short-term capital gains tax, high valuations and rising retail participation in stock markets, especially F&O. After the presentation of the budget on July 23, the BSE Midcap index has seen a rise of …
Read More »Relatively less depreciation of Indian rupee against dollar in the current year
New Delhi: The performance of the Indian rupee has remained strong in 2024 compared to the currencies of Japan and South Korea. State Finance Minister Pankaj Chaudhary said in a written reply to a question in the Rajya Sabha that the devaluation of the rupee against the dollar has been …
Read More »Private banks' net profit rises 26% on strong loan growth
Mumbai: Private banks' net profit rose 26.30 per cent year-on-year to Rs 48,982 crore in the first quarter of the current financial year. Income data indicates that profit has increased due to strong loan growth and increase in other income. In the June quarter, gross non-performing assets (GNPA) in private …
Read More »Crude oil falls to two-month low despite tensions in Middle East
Mumbai: Gold and silver prices once again declined in Mumbai Jewellery Market today. Selling by funds was seen increasing in the news of global market. Crude oil prices continued to fall in the world market and fell to a two-month low, its effect was also seen negatively on global gold …
Read More »Sensex rises 100 points to 81455
Mumbai: Monsoon has been successful in the country, corporate results have attracted the attention of the US. Markets fell today after global markets as interest rate cuts were expected in the early meeting of the Federal Reserve. Of course, Sensex, Nifty based stocks also rose today amid record gains, foreign …
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