Economic & Finance News
FIU-IND and NHB signed an MoU to strengthen coordination and intelligence sharing to combat money laundering in India’s financial sector. This partnership will focus on intelligence sharing, capacity building, risk [...]
The government is likely to reduce its disinvestment and asset monetisation target to less than ₹30,000 crore this fiscal from the budgeted ₹50,000 crore. For the next fiscal, the target [...]
The government should aim for Rs 11 lakh crore capital spending in the Budget for next fiscal and provide inflation-adjusted personal income tax relief to boost consumer spending, says ICRA. [...]
Net direct tax collection in India has increased by 15.88% year-on-year to approximately ₹16.90 lakh crore by January 12 this fiscal year. The collection from personal income tax exceeded ₹8.74 [...]
Net direct tax collections in India from April 1, 2024, to January 12, 2025, reached Rs 16.90 lakh crore, reflecting a 16% growth year-on-year. Gross direct tax collections saw nearly [...]
The Union home ministry has cut the budget for Census Survey and Statistics. The Registrar General of India will still proceed with the delayed census and update the National Population [...]
The Centre has released ₹1.73 lakh crore to state governments, significantly up from December 2024's ₹89,086 crore. This stimulus aims to boost the economy through state capital spending. Major beneficiaries [...]
Neelkanth Mishra, chief economist of Axis Bank, suggests India should attract more investments from China. He points to Japan’s past investments as an example. Mishra emphasizes that despite current tensions, [...]
Niti Aayog is working to balance the government debt market with the corporate debt market, considering fiscal adjustments and liquidity. They emphasize financial literacy and investor education, exploring a middle [...]
The Union Government released tax devolution of Rs 1,73,030 crore to state governments in January 2025, nearly doubling the amount from December 2024. This increased allocation aims to expedite capital [...]
The credit market will face volatile financial conditions in FY26 due to challenges in retail lending, banking system liquidity, and growth-inflation issues. This will increase volatility and spreads for entities [...]
The Income-Tax department has said the identity of all informant will be kept anonymous. [...]
In November 2024, global central banks added 53 tonnes to their gold reserves. The Reserve Bank of India contributed 8 tonnes, summing its annual total to 73 tonnes. Poland was [...]
The Reserve Bank of India has significantly increased its gold purchases, buying 50 tonnes so far in FY25 to diversify its foreign exchange reserves and mitigate revaluation risks. This move [...]
The finance ministry assures there is no concern regarding the sufficiency of the GST compensation cess fund. It is on track to meet all obligations, including back-to-back loan repayments, with [...]
Market News
Independent research outfits provide stock advice to investors looking for under-researched investment recommendations but do not have the wherewithal to put ₹50 lakh at one go in Portfolio Management Services [...]
While the client focus remains on cost efficiency, artificial intelligence (AI)-related investments are gaining traction. Brokerages have raised the EPS estimate for FY25 by 5-7% after a strong margin performance [...]
Kotak shares, which closed at ₹1,920.5 on Monday, gained 7.5% in the past year and 17% in five years. The Bank Nifty rose 9.6% in one year and 58% in [...]
The ₹75,772-crore liquidity will be reversed on Tuesday. The move is aimed at easing the liquidity conditions and prevent the call money rates from shooting sharply above the current repo [...]
J&K Bank's Q3 net profit rose 26% YoY to ₹532 crore, driven by higher net interest income and improved asset quality. Gross NPA declined to 4.08%, reflecting operational efficiency. [...]
Markets regulator Sebi on Monday proposed broadening the definition of Not-for-Profit Organizations (NPOs) and expanding eligible activities to include welfare for disadvantaged groups and promoting arts and culture as social [...]
Indian markets closed higher Monday, led by gains in Kotak Mahindra Bank and Wipro after strong earnings, while Zomato's weak results weighed. Sensex gained 454 points, and Nifty rose 141 [...]
The Reserve Bank of India has formed a new external committee, led by former deputy governor MK Jain, to evaluate applications for universal and small finance banks. Initial screening by [...]
Indian markets closed higher on Monday, driven by strong gains in banks and financial services stocks. The Sensex rose 454 points, while Nifty gained 141 points. Technical indicators suggest potential [...]
Indian Overseas Bank plans to raise ₹2,000 crore by selling shares to institutional investors, reducing government stake. Q3FY24 net profit rose 21% YoY to ₹874 crore, driven by strong income [...]
Om Mehra, SAMCO Securities, notes that Nifty's daily chart shows a bullish hammer pattern, hinting at a trend reversal. After consolidating around 23,150–23,200, the index seems poised for an upward [...]
Mangalore Refinery and Petrochemicals Ltd (MRPL) on Monday reported a 21 per cent drop in its third-quarter net profit as revenues slid, negating a rise in refinery margins. [...]
Karur Vysya Bank reported a 20.4% YoY rise in Q3FY24 net profit to ₹496 crore. Net interest income grew 7.8%, with strong growth in retail, agriculture, and MSME sectors. [...]
A 52-week high is a key metric for traders and investors, indicating a stock's peak value over the past year. It helps assess the stock's market position and provides insights [...]