Nifty and Sensex rally over 1% as market recovers from oversold conditions
Indian stock markets saw a strong recovery, with Nifty and Sensex surging by over 1percent, attributed to positive global cues and an oversold market. Experts remain cautious about sustainability due to ongoing economic challenges
19 November,2024 01:03 PM IST | MumbaiGovt confident of surpassing FY25 direct tax collection target: CBDT chief
CBDT chairman Ravi Agarwal expressed confidence in exceeding the Rs 22.07 lakh crore direct tax collection target for FY25, citing strong growth in corporate and non-corporate tax revenues. He also urged taxpayers to disclose foreign assets before the December deadline
18 November,2024 02:43 PM IST | New DelhiIndia in a stronger position to manage current currency challenges: BOB
Bank of Baroda’s report highlights India’s resilience in handling current rupee challenges, citing strong macroeconomic fundamentals, controlled deficits, and robust foreign exchange reserves.
18 November,2024 08:44 AM IST | New DelhiMaruti Suzuki, Hyundai market share hits 12-year low as Mahindra and Toyota rise
Maruti Suzuki and Hyundai see their market share fall to a 12-year low in FY25, as Mahindra and Toyota rise to all-time highs, marking a significant shift in India’s passenger vehicle market.
15 November,2024 01:28 PM IST | New DelhiReliance Power posts Rs 2,878 crore profit in Q2 after restructuring
Reliance Power reported a net profit of Rs 2,878 crore in the July-September quarter, boosted by a Rs 3,230 crore gain from subsidiary deconsolidation. The company’s income, however, dipped to Rs 1,962 crore amid ongoing restructuring and settlement of major guarantor obligations for Vidarbha Industries Power Ltd
13 November,2024 11:11 AM IST | MumbaiRate cut unlikely in February, inflation expected to ease in January
SBI Research has stated that a rate cut by the RBI is unlikely in February 2025 due to persistent inflation. While inflation is expected to ease slightly from January, it will mainly be driven by base effects, not a significant reduction in price pressures.
13 November,2024 09:25 AM IST | New DelhiBank of Baroda forecasts India’s Q2 FY25 GDP growth at 6.9%, up from 6.7% in Q1
Bank of Baroda projects India’s GDP growth at 6.9 percent for Q2 FY25, citing strong domestic demand and positive economic indicators. The festive season and increased government spending are expected to support sustained growth, though inflationary pressures may affect future policy decisions.
12 November,2024 12:37 PM IST | New DelhiContinuous sell-off by foreign investors may pressure India's balance of payment
A report by DSP Asset Managers warns that a combined sell-off by foreign investors and rising crude oil prices could put significant pressure on India's Balance of Payments, which may lead to economic instability.
12 November,2024 10:32 AM IST | New DelhiSensex, Nifty rise in early trade on value buying and market optimism
The Sensex and Nifty gained in early trade on Tuesday, driven by value buying and sustained investments from domestic institutional investors. The rally followed optimism in the US markets.
12 November,2024 10:20 AM IST | MumbaiFPI's offload rs 19,994 crore in november's first five trading sessions
Foreign portfolio investors (FPIs) have sold Rs 19,994 crore worth of Indian equities in the first five trading sessions of November, exacerbating market volatility and raising concerns over stability.
09 November,2024 02:34 PM IST | New DelhiSony Pictures Networks India names Sibaji Biswas as CFO effective January 2025
Sony Pictures Networks India has appointed Sibaji Biswas as its new CFO, effective January 2025. Biswas brings extensive experience from Syngene International and Vodafone, where he held several senior roles. He will lead SPNI’s financial strategy, ensuring operational efficiency and growth across its platforms.
08 November,2024 02:26 PM IST | MumbaiGold sees strong investment growth in Asia, particularly in China and India
Gold ETFs see record inflows in Asia, particularly in China and India, amid market volatility and high gold prices. Global gold demand rises, with strong investment from Asian markets.
08 November,2024 02:20 PM IST | New DelhiReport: India may gain from Trump’s higher tariffs on China
According to a Phillip Capital report, India could gain from Trump’s higher tariffs on China despite challenges such as tougher immigration policies, as the “China+1” strategy opens new trade avenues for India.
08 November,2024 01:12 PM IST | New DelhiUnion Budget 2024: How will budget impact your Income, Savings & Taxes?
The Union Budget 2024 was announced on 23rd July by Finance Minister Nirmala Sitharaman. While the budget touched upon varied sectors of priorities for the government, it has raised several questions for the middle class. Are the taxes simplified enough? Will the standard deductions given matter much? What should be the right approach to investing? In the episode of Money Matters, Certified Financial Planner and SEBI Registered Investment Advisor Kalpesh Ashar in conversation with Mid-day’s Katyayani Kapoor explains various aspects of personal finance related to this year’s budget. From the widening of the tax slabs, raising STT on F&O, and raising taxes on Capital Gains to the new pension scheme for minors, in this video Kalpesh Ashar busts the myth and explains how these reforms can impact you.