Online shopping has become a common thing nowadays. From groceries to electronics and clothes, we order everything online. But something happened to an Amazon customer which shocked him a lot. A woman named Sofia Sereno posted on Instagram that she ordered an air fryer from Amazon and when she opened …
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RBI tightens cash payment rules in banks, rules will be implemented from November 1
The Reserve Bank of India has tightened the norms related to cash payment services in banks. For this, it is necessary to keep a record of the lender and the recipient. This cash payment refers to the arrangement of transferring money from bank accounts to those beneficiaries who do not …
Read More »Signs of boom in global market
Mumbai: Gold prices continued to fall in the Mumbai jewellery market today. The trend of reduction in gold prices in the country's jewellery markets, which started on Tuesday due to the reduction in import duty in the budget, continued today as well. However, there were indications of increase in prices …
Read More »New credit model expected to be positive for MSMEs
Mumbai: The introduction of a new assessment model in the budget for financing micro, small and medium enterprises (MSMEs) is being seen as a positive for the sector. This proposal of the Finance Minister will change the approach of banks in providing loans to small business houses. According to the …
Read More »FIIs have sold Rs 63,400 crore since the last interim budget
Ahmedabad: Foreign institutional investors have pulled out a huge amount of funds in the last six months. Since the last interim budget presented by Nirmala Sitharaman, foreign institutional investors have invested Rs. 63,400 crore in the equity cash segment and have become net sellers. Foreign institutional investors have withdrawn over …
Read More »Business confidence increased as orders increased in July
Mumbai: As a result of increased business activities in both manufacturing and services sectors, the country is witnessing an increase in economic activity in the month of July. According to the survey report of HSBC, as per preliminary estimates, the HSBC Purchasing Managers' Index (PMI) for July rose to 61.10 …
Read More »Sensex falls 280 points to 80149
Mumbai: Foreign portfolio investors (FPIs) registered net selling in stocks for the second consecutive day due to the increase in capital gains tax on stocks and STT on futures and options in the Union Budget. Cap stocks again rose today as players welcomed the budget. Against a 2.5 per cent …
Read More »Munjal first auto promoter to join Rs 100 crore salary club
Hero MotoCorp Executive Chairman Pawan Munjal has become the first automobile company promoter to join the Rs 100-crore salary club in FY 2023-24. The 69-year-old promoter of the country's leading two-wheeler company took home a salary of Rs 109.41 crore in the last fiscal. This increase is ten per cent …
Read More »FPI inflows of Rs 22,600 crore in auto, IT, capital goods sectors in July
Foreign investors have invested Rs 22,600 crore in India's automobile, information technology (IT), capital goods sectors in the first fortnight of July. During this period, capital goods, automobile, IT and healthcare are the sectors that witnessed the highest investments by foreign portfolio investors (FPIs). Strong inflows from FPIs were seen …
Read More »After being net sellers in the past six months, FIIs were net buyers in July
21 seconds ago Business After being net sellers in the first six months, foreign institutional investors (FIIs) were net buyers in July. However, the two sessions after the budget saw net selling by FIIs. While domestic institutional investors (DIIs) remained net buyers in …
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