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The Reserve Bank of India increased its domestic gold holdings by over 100 metric tonnes by September 2024. It now holds 854.73 metric tonnes of gold, with a significant portion [...]
Payments totaling ₹21,108 crore to MSMEs are pending across 90,000 applications on the MSME Samadhaan portal. State governments and central public sector undertakings owe the highest amounts. The introduction of [...]
Between April and September, the Reserve Bank of India enhanced domestic gold reserves by 102 metric tonnes, raising the total to 510.46 metric tonnes. As geopolitical tensions rise, India has [...]
The income tax department has set the tolerance limits for variation between arm's length price and transfer pricing at one per cent for wholesale traders and three per cent for [...]
The Reserve Bank of India set a minimum networth of Rs 300 crore for entities seeking authorisation as Central Counterparties (CCP). The RBI updated its 2019 norms, requiring CCPs to [...]
Madhya Pradesh Chief Minister Mohan Yadav announced a 4% increase in the Dearness Allowance (DA) for state government employees, effective from January 1, 2024, raising it from 46% to 50%. [...]
The government is anticipating loan disbursement for state capital expenditure to be 15-20% less than planned for fiscal 2025. The slowdown is due to spending delays from general elections. The [...]
Since the beginning of the fiscal year, the Reserve Bank has increased its gold stock by 31.6 tonnes, raising its total to 853.6 metric tonnes by September 2024. This addition, [...]
The Central Board of Direct Taxes extends the corporate income tax return deadline for the assessment year 2024-25 by 15 days to November 15, while maintaining the October 31 due [...]
The Central Board of Direct Taxes extended the income tax return filing deadline for corporates to November 15, 2024, from October 31, 2024, for AY 2024-25. The extension follows a [...]
The RBI's recent ₹25,000 crore VRR auction aims to mitigate liquidity pressures from overseas capital outflows and festive cash demands. This follows the central bank's policy shift to a neutral [...]
Nagesh Kumar, a new MPC member, attributes the sluggish private investment in India to weak demand both domestically and globally. Despite strong macroeconomic fundamentals and government reforms, private sector investment [...]
The Kerala government has approved one instalment of DA for state service employees and teachers, as well as DR for pensioners, leading to an annual expenditure increase of around Rs [...]
As of March 2024, cash still accounts for 60 percent of consumer expenditure but is rapidly declining post-COVID. Digital payments, particularly UPI, have surged, with their share in total transactions [...]
NPST reported a revenue surge of 142% in Q2 FY'25, tallying ₹68.91 crore, with a net profit rise of 264%. For the half-year of FY'25, revenue reached ₹129.11 crore. The [...]
Market News
Indian benchmark indices Sensex and Nifty ended higher for the second straight day, with banking and financial stocks leading the gains. The Nifty formed a bullish harami pattern, indicating a [...]
Torrent Pharmaceuticals promoter is likely to sell a 2.9% stake worth Rs 3,000 crore via block deal on Wednesday. The offer price is likely to be at a 6% discount [...]
HDFC Standard Life Insurance Co on Tuesday bought shares of PNB Housing Finance worth Rs 90 crore through an open market transaction. According to the block deal data available on [...]
Lower provisions helped Canara Bank report a 11.3% year-on-year rise in net profit for the September quarter at Rs 4,014 crore, while pre-provision operating profit remained almost flat on a [...]
Bharti Airtel, India’s second largest telco, did not see much of a negative impact from the tariff hike it took in July in terms of users downgrading to lower plans [...]
Wall Street opened lower on Tuesday as investors assessed a host of corporate results and looked ahead to Google-parent Alphabet's earnings later in the day, while gains in U.S. Treasury [...]
Engineering firm Honeywell Automation India reported a 5.6% fall in its second-quarter profit on Tuesday, hurt by slowing demand. The Indian arm of U.S. conglomerate Honeywell International said its profit [...]
Homegrown FMCG major Marico Ltd on Tuesday reported an increase of 20.27 per cent in consolidated net profit to Rs 433 crore for the September quarter. It had posted a [...]
NBFC firm Northern Arc Capital, which listed on the bourses last month, reported a 24 per cent increase in consolidated net profit to Rs 96 crore for the second quarter [...]
HUDCO Q2 Results: Revenue from operations rose 35% year-on-year to Rs 2,518 crore, up from Rs 1,865 crore a year earlier. Sequentially, Hudco's profit increased 23% from Rs 558 crore [...]
Engineering giant Larsen & Toubro (L&T) is expected to report a 16% year-on-year revenue increase for the September quarter, driven by strong execution in infrastructure and energy. Four brokerage estimates [...]
The 30-share BSE Sensex closed up 363.99 points at 80369.03 [...]
The Nifty Realty index closed 1.43 per cent at 1001.85. [...]
In the Nifty50 index, 31 stocks closed in the green, while 18 stocks ended in the red. [...]
Nifty formed a bullish candle today, closing at a 5-session high after establishing a triple bottom in the 24,073-24,140 range. Indicators signal a bullish short-term trend, with support likely in [...]