Equity benchmark index Sensex buckled under selling pressure for the second straight session to close below the 65k mark on Friday, as investors offloaded IT, teck and metal energy stocks amid a bearish global trend. Besides, fresh foreign fund outflows also hit investor sentiments, traders said. In a volatile trade, the 30-share BSE Sensex declined [...]
Equity benchmark indices fell in early trade on Friday amid bearish global cues and fresh foreign fund outflows. Markets also declined as IT stocks slipped. The 30-share BSE Sensex was down 297.62 points to 64,853.40. The NSE Nifty dipped 88.75 points to 19,276.50. From the Sensex pack, Tata Consultancy Services, Wipro, HCL Technologies, Infosys, Tech [...]
The PM-eBus Sewa will act as a catalyst for promotion of electric vehicles across urban centers to drive the penetration of electric mobility, Society of Manufacturers of Electric Vehicles (SMEV) said on Thursday.he PM-eBus Sewa will support bus operations for 10 years. "Buses being a pivotal source of urban pollution, the decision will help substantially [...]
Snapping their two-day winning run, equity benchmarks Sensex and Nifty closed in the negative territory on Thursday, tracking losses in index majors Reliance Industries, ITC and HDFC bank amid a weak trend in global markets. The BSE benchmark had climbed 137.50 points or 0.21% to settle at 65,539.42 on Wednesday. The Nifty gained 30.45 points [...]
The Nepal government has requested India to facilitate the supply of paddy, rice and sugar, a senior official said here on Wednesday, as a precautionary measure to mitigate any possible food scarcity in the upcoming festive season. The request was made through the Ministry of Foreign Affairs to the Indian authorities last week, Commerce and [...]
Rajasthan Chief Minister Ashok Gehlot has approved the customized packages for seven projects to encourage investment of Rs 24,681 crore in the state. The proposals approved in the fifth meeting of the Board of Investment will create employment opportunities for more than 10,000 people, a release said. Gehlot addressed the meeting at his residence on [...]
Banks' lending to non-banking finance companies (NBFCs) rose by 35.1% to Rs 14.2 lakh crore in June, a report said. Credit exposure of banks to NBFCs rose by a robust 35.1% on-year to Rs 14.2 lakh crore in June, indicating non-banking finance firms' decreased reliance on international borrowings. Meanwhile, mutual funds' debt exposure to NBFCs, [...]
Benchmark equity indices Sensex and Nifty pared early losses to close higher on Wednesday, helped by fag-end buying in index majors Infosys, L&T and M&M amid a mixed trend in global markets. The 30-share BSE Sensex climbed 137.50 points or 0.21% to settle at 65,539.42. During the day, it fell by 369.03 points or 0.56% [...]
Fitch Ratings on Wednesday said the operating environment for Indian banks has strengthened as economic risks associated with the Covid-19 pandemic have ebbed. A number of prudential indicators for the sector have also improved compared to pre-pandemic levels, and the operating environment score continues to benefit from the economy’s well-diversified structure, which helps to reduce [...]
Leading financial/investment institutions, commercial banks, and financial services firms founded ICRA Limited (formerly known as Investment Information and Credit Rating Agency of India Limited) in 1991 to serve as an independent and qualified investment information and credit rating agency. The telecom services industry is expected to post moderate revenue growth of 7-9 per cent in [...]
