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 correspondentThe 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 correspondentIn 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 | AgenciesGovernor 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 correspondentPrivate 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 correspondentSEBI 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 correspondentThe 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 correspondentIn 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 | IANSThe 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 correspondentAt 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 correspondentEquity markets saw a strong start on Friday with Sensex and Nifty posting significant gains, backed by optimism around a potential India-US trade deal, record GST collections, and sustained foreign fund inflows
02 May,2025 11:23 AM IST | Mumbai | mid-day online correspondentMumbai recorded its highest property registrations and revenue collections in the January–April 2025 period, with over 52,000 properties registered and Rs 4,633 crore collected. This surge comes despite a broader slowdown in housing sales across the MMR region
01 May,2025 02:59 PM IST | MumbaiThe company's total income rose to Rs 8,769.63 crore from Rs 7,199.94 crore in the year-ago quarter. Expenses stood at Rs 5,382.13 crore during the period under review against Rs 4,450.52 crore in the fourth quarter of FY24
01 May,2025 01:32 PM IST | New Delhi | PTIArun Khurana, IndusInd Bank’s deputy CEO, resigned with immediate effect following the discovery of a Rs 1,960 crore accounting discrepancy linked to internal derivative trades
29 April,2025 06:19 PM IST | Mumbai | mid-day online correspondentIndian equity indices opened flat on Wednesday, reflecting cautious investor sentiment amid global trade tensions and fresh US tariff concerns. Gains in banking and finance stocks balanced losses in IT and auto sectors
17 April,2025 11:10 AM IST | Mumbai | mid-day online correspondentA new ANAROCK report reveals a 19 per cent annual drop in unsold affordable housing across India's top seven cities by Q1 2025-end, driven by limited new supply and end-user demand. Meanwhile, unsold luxury housing stock rose 24 per cent during the same period, mainly due to increased launches and cautious investor sentiment.
14 April,2025 01:39 PM IST | Mumbai | mid-day online correspondentThe central bank also plans to harmonise the regulations governing non-fund-based credit facilities, such as bank guarantees and letters of credit, across financial institutions
09 April,2025 01:16 PM IST | Mumbai | mid-day online correspondentIn a move to bolster growth amid global headwinds, the Reserve Bank of India has reduced the repo rate by 25 basis points to 6 per cent. The central bank remains cautiously optimistic about domestic growth and inflation projections.
09 April,2025 11:13 AM IST | Mumbai | mid-day online correspondentThe holiday marks the arrival of spring and has resulted in a pause in trading activities on the domestic stock exchanges. The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) announced the closure of all market segments, including derivatives, securities lending and borrowing (SLB), equity, and currency trading
14 March,2025 11:04 AM IST | Mumbai | mid-day online correspondentADVERTISEMENT
Finance Minister Nirmala Sitharaman in her July 2024 Budget speech announced a comprehensive review of the Income Tax Act 1961. She had also announced that a new tax system would eventually be introduced to make the tax concise and easy to understand. Will the Direct Tax Code replace the Income Tax Act 1961 this Budget 2025? But what is Direct Tax Code, or DTC? Here is all you need to know.
Indian equity markets rebounded from early losses on Wednesday, with the Sensex and Nifty trading higher due to sustained foreign institutional investor inflows and positive cues from US markets
30 April,2025 10:58 AM IST | Mumbai | mid-day online correspondentThe number of pages has been reduced substantially to 622, almost half of the current voluminous Act which includes amendments made over the last six decades
12 February,2025 12:31 PM IST | New Delhi | PTI5.27 crore have been filed in the New Tax Regime while the remaining 2.01 crore ITRs are filed in the Old Tax Regime
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The study said that the new development shows a clear indicator of a strengthening investment approach among India's women property buyers
27 February,2025 03:18 PM IST | Mumbai | mid-day online correspondentFive Nifty indices surged over 30% in 2024 with the Real Estate index securing the 4th spot, posting a strong 34.67% annual gain
The rupee held steady against the dollar on Thursday, rising by 1 paisa to close at 84.07 amidst month-end demand and potential RBI intervention. Foreign fund outflows and importer demand weighed on the currency as it neared record low levels.
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