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Business News

Rupee surged to 83.04 against US dollar after exit poll result

The rupee surged 38 paise to reach its three-month high level of 83.04 against the US dollar. The country's Goods and Services Tax (GST) receipts increased 10 per cent to Rs 1.73 lakh crore in May. On Friday, foreign investors bought shares worth a net of Rs 1,613.24 crore.

03 June,2024 12:16 PM IST | mid-day online correspondent
Business News

Investors gain Rs 12.48 lakh crore as sensex hits record high

The sensex hit high records after exit polls predicted a resounding victory for the BJP-led NDA in the Lok Sabha Elections 2024. 

03 June,2024 11:25 AM IST | mid-day online correspondent
Business News

Forex reserves plunge by USD 2 billion, gold reserves take a hit

In the previous reporting week, the kitty had reached an all-time high of USD 648.7 billion after a jump of USD 4.549 billion

01 June,2024 08:17 AM IST | Agencies
Business News

RBI Governor announces monetary policy, repo rate unchanged at 6.5 pc

Governor Shaktikanta Das announced the second bi-monthly monetary policy for the financial year 2024-25 at 10 am on Friday. The RBI's repo rate, is currently held at 6.50 per cent, unchanged since February 2023.

07 June,2024 11:43 AM IST | mid-day online correspondent
Business News

Indian markets see mixed day: Nifty 50 flat, sensex slightly up, banks lead gain

Private banks outperformed the Nifty, with HDFC Bank, Axis Bank, RBL Bank, ICICI Bank, IndusInd Bank, and Kotak Bank all making large gains.

19 June,2024 04:05 PM IST | mid-day online correspondent
Business News

SEBI proposes stricter norms for derivative trading on individual stocks

SEBI highlighted risks of low-turnover derivative equities in a recent consultation paper, including potential market manipulation, higher volatility & weaker investor protection.

18 June,2024 01:38 PM IST | mid-day online correspondent
Business News

Stock markets start week strong, Nifty hits new high

The top gainers in the Nifty 50 were Adani Enterprises, Wipro, Adani Ports, Mahindra & Mahindra, and Titan. The top losers were Dr Reddy's, Maruti, TCS, HDFC Life, and Divis Labs.

18 June,2024 12:48 PM IST | mid-day online correspondent
Business News

India witnessed over 30 pc rise in diversity hiring over the past 5 years: Data

In terms of sector-wise hiring, the Banking, Financial Services and Insurance (BFSI) sector employs the largest percentage of LGBTQIA+ talent of the available workforce at 18-20 per cent, followed by the IT sector at 15-18 per cent, and the consulting sector at 12-15 per cent

14 June,2024 02:05 PM IST | IANS
Stock Market

Sensex, Nifty hit new record highs following decline in retail inflation

The 30-share BSE Sensex rose 538.89 points to a lifetime high of 77,145.46, while the NSE Nifty gained 158.1 points to a record high of 23,481.05

13 June,2024 11:07 AM IST | mid-day online correspondent
Business News

Rupee falls 6 paise to 83.54 against US Dollar in early trade

At the interbank foreign currency market, the rupee began at 83.52 and fell to 83.54 against the dollar, a 6-paise reduction from its previous closing level.

13 June,2024 10:07 AM IST | mid-day online correspondent
Koo announces to shut down after partnership talks fell through

Koo announces to shut down after partnership talks fell through

Koo, which secured more than 60 million dollars in funding from prominent investors like Tiger Global and Accel, faced significant challenges in expanding its user base and generating revenue over the past year

03 July,2024 02:02 PM IST | Mumbai | IANS
Unlock Netflix's Full Potential: 5 Reasons to Buy a Static Residential Proxy

Unlock Netflix's Full Potential: 5 Reasons to Buy a Static Residential Proxy

Explore the top benefits of using a static residential proxy for Netflix. From accessing global content to enhancing streaming speed and privacy, discover how a static residential proxy can transform your Netflix experience.

02 July,2024 09:40 PM IST | Mumbai | Krishna Prasad | Krishna Prasad
Explained: Why SEBI issued a show-cause notice to Hindenburg, others

Explained: Why SEBI issued a show-cause notice to Hindenburg, others

SEBI's investigation exposed that Kotak Mahindra and Hindenburg conspired together to take short positions in Adani shares

02 July,2024 02:43 PM IST | Mumbai | IANS
Sensex and Nifty reach new lifetime highs in early trade

Sensex and Nifty reach new lifetime highs in early trade

In early trading, the 30-share BSE Sensex increased 379.68 points to a record high of 79,855.87. The Nifty reached a record high of 24,236.35, up 94.4 points

02 July,2024 10:00 AM IST | Mumbai | mid-day online correspondent
Mumbai sees 12 pc growth in property registrations in June: Knight Frank

Mumbai sees 12 pc growth in property registrations in June: Knight Frank

Strong buyer confidence has kept monthly property registrations in Mumbai above 10,000 throughout the first half of 2024, Knight Frank said.

30 June,2024 12:59 PM IST | Mumbai | mid-day online correspondent
Investing for Beginners: Biggest investing mistakes you need to stop right now

    Investing for Beginners: Biggest investing mistakes you need to stop right now

    In June, investors lost huge sums when the election speculation toyed with the share markets. While market volatility is something the investors can't avoid, managing market volatility is something that can be learnt. Have you been struggling to deal with market volatility?  Are you looking to make smart investments to grow your wealth? In this episode of Money Matters, Mid-day’s Katyayani Kapoor speaks to SEBI registered Investment Advisor Kavitha Menon who dives into the most common investment mistakes that derails from financial goals, how to manage market volatility and assessing risk capability for greater returns and avoiding loses. Watch this special episode on Investing for beginners and know the key to smart investments.

    02 July,2024 06:30 PM IST
    CREDAI-MCHI report shows surge in housing sales in MMR

    CREDAI-MCHI report shows surge in housing sales in MMR

    The report highlights a substantial surge in sales in certain regions, including South Mumbai, which saw a 41 per cent increase driven by the redevelopment of old buildings into luxury projects

    02 July,2024 10:35 AM IST | Mumbai | mid-day online correspondent

    01 January,1970 05:30 AM IST

    01 January,1970 05:30 AM IST
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