South African President Cyril Ramaphosa has announced a "State of Disaster" due to the country's "debilitating" electricity crisis, just 10 months after the Covid-induced "State of Disaster" was lifted. Ramaphosa during his annual State of the Nation address on Thursday said an electricity minister would be appointed to deal with the matter more effectively and [...]
Milk prices in the country have risen due to increase in the feed and fodder cost, Union Minister Sanjeev Kumar Balyan said in Rajya Sabha on Friday. Balyan, who is Minister of State of Fisheries, Animal Husbandry and Dairying, said dairy companies pass on 75 per cent of the retail price to farmers. There is [...]
Benchmark equity indices Sensex and Nifty declined in early trade on Friday, tracking negative cues from Asian and global markets. The stocks of Adani Group companies will also be in focus as index provider MSCI Inc has reduced the weightage of four firms in its index after a review. In early deals, the 30-share BSE [...]
The Central Depository Services Ltd (CDSL) on Thursday said the number of active demat accounts on its platform has crossed the 80 million (8 crore) mark. This makes CDSL, Asia's first and the only listed depository, also the country's largest depository in terms of active demat accounts. CDSL Managing Director Nehal Voral said that crossing [...]
Rising for the second straight session, equity benchmark Sensex climbed 142 points on Thursday following buying in IT and finance stocks amid a positive trend in global markets. After a see-saw session, the 30-share BSE Sensex ended 142.43 points or 0.23 per cent higher at 60,806.22. During the day, the index witnessed a high of [...]
Union Finance Minister Nirmala Sitharaman presented the last full budget of the second term of the Narendra Modi government in Parliament on February 1. Here's what experts, industry insiders have reacted from this year's Budget. 1. Mr. Ajit Patil, Co-Founder/ Managing Director of DeepTek Comments on the Union Budget 2023: The Amrit Kaal Budget of [...]
Driven by buoyant SIP flows, equity mutual funds have attracted Rs 12,546 crore in January, making it the highest net infusion in four months, despite volatility in stock markets. This was way higher than Rs 7,303 crore inflow seen in December, Rs 2,258 crore in November and Rs 9,390 crore in October. Prior to that, [...]
Finance Minister Nirmala Sitharaman on Thursday held a discussion with IMF managing director Kristalina Georgieva and urged the multi-lateral funding agency to develop a globally coordinated approach to the regulation of crypto assets. The Finance Minister held a virtual conversation with the International Monetary Fund (IMF) MD to discuss the upcoming G20 Finance Ministers and [...]
Analysts are of the view that after delivering the seventh hawkish policy on Wednesday the central bank may pause after delivering a likely 25 basis points increase in the April review. For Abheek Barua, the chief economist at HDFC Bank, the 25 bps repo hike and keeping its withdrawal of accommodation stance unchanged are on [...]
Equity benchmark Sensex dropped nearly 115 points in early trade on Thursday tracking losses in index heavyweights Maruti, Tata Motors and Reliance industries amid mixed global cues. Besides, a weak rupee against major rivals and persistent foreign capital outflows impacted domestic equity market sentiments, traders said. In a volatile trade, the 30-share BSE index was [...]
