Mumbai: The bullion market was officially closed today due to Saturday in Mumbai's jewellery market. However, the fall in gold and silver prices stopped in the closed market and the reactive correction continued. The news of the world market was showing strength from the falling prices and due to this, …
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Chinese banks are facing a huge downfall after lending heavily to the real estate sector
Mumbai: China's banking system is showing signs of a major collapse, with reports suggesting that banks are weakening due to years of massive lending to the weak real estate sector. According to the information, in recent times, some of the 40 banks of China have been closed and some have …
Read More »Deposit-to-lending ratio in the banking sector has risen to close to 80 percent
16 mins ago Business Mumbai: Loan growth continues to be higher than deposit growth in the country's banking sector. Liquidity problems are also likely to arise in the banking sector where loan growth is higher than deposits. The deposit-to-lending ratio has also increased …
Read More »Sensex will remain between 82155 to 80111 in the new week
Mumbai: In the Union Budget of the NDA government led by Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman announced the expected increase in capital gains tax for the stock markets and an increase in the Securities Transaction Tax-STT to prevent losses of retail traders. After a week of turmoil …
Read More »Change in petrol and diesel prices again today, know the new rate
New prices of petrol and diesel have been announced in the country today on Sunday. There has been no change in fuel prices at the national level. Fuel prices in India are determined on the basis of international crude oil prices. There has been a change in prices in Uttar …
Read More »New rules enable settlement of search related cases within a single period: CBDT
The Central Board of Direct Taxes (CBDT) has expressed the opinion that the new rules of search and seizure implemented by the IT department in Budget 2024-25 will reduce legal disputes and increase compliance with the ability to resolve cases within a single tenure. According to him, if the taxpayer …
Read More »RBI announces framework for new PCA norms for urban co-operative banks
The Reserve Bank of India (RBI) on Friday announced the framework of prompt corrective action (PCA) norms for urban co-operative banks. Which will come into effect from April 1, 2025. This structure follows the norms currently applicable for scheduled commercial banks and non-banking finance companies (NBFCs). When a bank fails …
Read More »FIIs reduced stake in 9 out of 10 Adani Group stocks in the June quarter
Taking advantage of the rise in share prices of Adani Group companies, FIIs reduced their stake in nine Adani Group companies in the quarter ended June. Of the two underperformers compared to the stock market, LIC has increased its stake in this quarter. During the quarter, FIIs increased their stake …
Read More »Big changes will be seen in the country from August 1, it will have a direct impact on your pocket, know the special thing
5 mins ago Business Updates of changes in the month of August: From August 1st of next month, you will see many changes which will have a direct impact on your pocket. These changes can affect the daily lives of citizens. Many types …
Read More »Manoj Mittal took over as CMD of SIDBI
5 mins ago Business New Delhi, 27 July (HS). Manoj Mittal took over as the Chairman and Managing Director (MD) of Small Industries Development Bank of India (SIDBI) on Saturday. Mittal's appointment was approved by the Central Government. Earlier, he was the Managing …
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