Rupee plunges 47 paise to close at 85.87 against US dollar
The rupee fell sharply by 47 paise to close at 85.87 against the US dollar on Monday amid soaring global crude prices and a stronger greenback. Forex traders cited heavy dollar demand from oil importers and uncertainty over a US-India trade deal. Meanwhile, foreign investors sold equities worth Rs 760 crore.
07 July,2025 04:13 PM IST | Mumbai | PTINifty, Sensex open flat; tariff deadline may extend to August
The Nifty 50 index opened at 25,439.40, showing almost no change, while the BSE Sensex was also trading flat at 83,371.63, down by 61.26 points or 0.07 per cent.
07 July,2025 11:05 AM IST | Mumbai | PTI | ANIMarkets inch higher in opening session; later turn flat amid volatile trends
The 30-share BSE Sensex went up by 67.34 points to 83,306.81 in opening trade. The 50-share NSE Nifty inched higher by 23.55 points to 25,428.85. From the Sensex firms, Bajaj Finance, Bajaj Finserv, Bharat Electronics, Hindustan Unilever, HDFC Bank and Kotak Mahindra Bank were among the major gainers
04 July,2025 11:37 AM IST | Mumbai | PTIIndian markets open with gains amidst US tariff deadline concerns
Indian stock markets opened slightly higher on Thursday, but investors are cautious. A key worry is the upcoming US tariff deadline, with global trade uncertainties keeping traders on edge despite positive domestic market factors
03 July,2025 02:01 PM IST | Mumbai | ANINifty, Sensex opened with gains on Trump's trade deal optimism
Market experts noted that despite the opening gains, Indian equities are likely to remain range-bound in the near term due to persistent foreign portfolio investor (FPI) outflows. However, they also believe that the upcoming corporate earnings season will determine the next direction for the markets
02 July,2025 11:41 AM IST | New Delhi | ANIMarkets rally in early trade amid optimism around India-US trade deal
India's manufacturing sector growth rose to a 14-month high of 58.4 in June marked by improved trends in output and new orders, alongside a record upturn in employment, a monthly survey said on Tuesday
02 July,2025 10:32 AM IST | Mumbai | PTIIndian equities rebound on global rally and Blue-Chip gains
On Tuesday, Indian stock markets, Sensex and Nifty, started the day higher, recovering from previous losses. This rebound was driven by positive global market trends and strong buying interest in major companies like Reliance Industries and HDFC Bank. The Sensex rose by 177.79 points to 83,784.25, while the Nifty gained 51.2 points to 25,568.25
01 July,2025 05:54 PM IST | Mumbai | PTISBI report flags sharp decline in bank credit growth; MSMEs emerge as key driver
The report attributes the moderation in growth to weaker momentum and unfavourable base effects. Excluding the merger impact of HDFC Ltd with HDFC Bank – which took effect on July 13, 2023 – the adjusted credit growth stood at 10.6 per cent as on 13 June 2025, compared to 15.5 per cent a year earlier
30 June,2025 04:38 PM IST | New Delhi | mid-day online correspondent'India's trade deficit may surge to USD 300 bn in FY26 despite lower oil prices'
The report highlighted that while oil prices may not surge sharply, the widening trade deficit will be driven mainly by weak performance in non-oil exports. On the other hand, imports are expected to stay strong due to the strength in domestic growth
30 June,2025 03:53 PM IST | New Delhi | ANIIndia's forex reserves dip by USD 1.02 billion to USD 697.93 billion
Gold reserves were down by USD 5.73 million to stand at USD 85.74 billion during the week, the apex bank's data shows, while the special drawing rights were down USD 85 million to USD 18.67 billion
29 June,2025 02:29 PM IST | Mumbai | ANIWhat's in latest version of Trump's big bill now before Senate
Senators were working through the weekend to pass the bill and send it back to the House for a final vote. Democrats are united against it. Here's the latest on what's in the bill. There could be changes as lawmakers negotiate
29 June,2025 08:18 AM IST | Washington | APIndia's current account swings to surplus in January-March quarter, says RBI
Reserve Bank of India (RBI) announced that India's current account, which tracks money flowing in and out of the country for trade and services, had a surplus of 13.5 billion dollars from January to March 2025. This is a significant improvement compared to the 4.6 billion dollar surplus in the same period last year
27 June,2025 06:45 PM IST | Mumbai | PTIFM Nirmala Sitharaman urges PSU banks to raise credit growth
Finance Minister Nirmala Sitharaman has urged public sector banks to ramp up lending following the RBI’s 50-basis point repo rate cut to 5.5 per cent. During a performance review, she lauded record FY25 profits of Rs 1.78 lakh crore and low NPAs. She also stressed enhancing financial inclusion .
27 June,2025 06:36 PM IST | New Delhi | mid-day online correspondentUnion 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.