Mumbai: Indian Meteorological Department's warning of high temperature and heat wave in most parts of the country in the three months from April to June has increased the concern of the general public of the country as well as the Reserve Bank of India (RBI). Since Kharif sowing in the …
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Manufacturing activity hits 16-year high in March as new orders surge
Mumbai: Financial year 2024 has ended on an encouraging note in the manufacturing sector. The purchasing managers' index (PMI) of the manufacturing sector reached a 16-year high of 59.10 at the end of March. As a result of the increase in new orders, companies had to increase the number of …
Read More »Favorable macroeconomic conditions improve credit quality of companies
New Delhi: Indian companies have benefited from favorable macroeconomic conditions. The credit quality of Indian corporates improved between October 2023 and March 2024 (LL2K24) due to government-led capital expenditure, sustained domestic demand and lower debt on the balance sheet. According to rating agencies CRISIL, ICRA and India Ratings, the number …
Read More »Mukesh Ambani tops Forbes' list of 200 richest Indians, know who are the 10?
Forbes' list of the world's billionaires for 2024 has been announced. Names of 200 Indians have been included in this list. Last year there were names of 169 Indians in it. The total wealth of these Indians is $954 billion, which is 41 percent more than last year's $675 billion. …
Read More »Fall in Indian stock market, Sensex opens at 73757, Nifty at 22385
A decline is being seen in the stock market today i.e. on 3rd April. Talking about the opening of the domestic market today, BSE Sensex is trading at 73,757 with a decline of 146.68 points or 0.20 percent. At the same time, Nifty also opened 68 points down at 22,385. …
Read More »In the last financial year, 857 stocks gave more than 100 percent returns
Ahmedabad: Investors have received high returns in many stocks in the last financial year 2024. According to the findings of a study conducted on the returns earned in various stocks, 11 stocks have given 10 times more returns. Whereas 846 shares have given returns ranging from 100 to 936 percent. …
Read More »PE investment falls to 6-year low in FY 2024
Ahmedabad: Private equity investment in India hit a six-year low of $24.2 billion in the fiscal year ending March 2024. Investments through PE deals declined by 47 per cent compared to FY23 as private equity deals during that period totaled $45.8 billion. Private equity firms struck deals worth a record …
Read More »Crude oil rises above $89 to new five-month high
Mumbai: Gold and silver rose in Mumbai jewelery market today. World market news was showing progress. Import costs were higher domestically. Crude oil prices in the world market reached the highest level in five months, following which funds buying in global gold increased. Gold prices witnessed a rise in the …
Read More »Bullish record broken: Sensex fell 111 points to 73904
Mumbai: With international crude oil prices hitting a five-month high of $85 and Brent at $89, index-based funds hit their record rally today amid fears of another drought this year as a result of the unbearable heat in the country. Applied the brakes. Of course, buying by funds, high net …
Read More »Bitcoin gap reaches $4300 as US interest rate cut possibility increases
Mumbai: Stronger-than-expected March manufacturing data in the US weighed on the cryptocurrency market, leading crypto Bitcoin to fall to $4,300 as interest rate cuts become less likely. In the last twenty-four hours, Bitcoin traded at a low of $65148 and a high of $7085 at $65700 late in the evening. …
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