FPIs turned net sellers in 2022 for the first time in four years. Even though Indian equity markets saw the worst sell-off ever in 2022, the benchmark indices managed to close the year by climbing more than 3%. FIIs sold Indian stocks worth ₹ 2.78 lakh crore in 2022, and this was the first time [...]
The Monetary Authority of Singapore on Monday said integration of India's Unified Payment Interface (UPI) and equivalent network in Singapore, known as PayNow, will begin anytime soon, which in turn will reduce the remittance cost by 10 per cent. There will be interoperability of the two digital payment networks, allowing seamless remittances between the two [...]
The government on Monday said the Bureau of Indian Standards (BIS) has come out with quality standards for three electronic devices -- digital television receivers, USB Type-C charger and Video Surveillance Systems(VSS). The first is Indian standard IS 18112:2022 specification for digital television receivers with built-in satellite tuners, the consumer affairs ministry said. "TVs manufactured [...]
Ahead of the Union Budget, Prime Minister Narendra Modi will meet economists and sectoral experts at NITI Aayog on Friday to discuss the state of the economy and measures to accelerate growth which is estimated to drop to 7 per cent, a senior government official said. The official further said that the meeting will also [...]
Informal women workers in Indian construction and real estate sector earn 30-40 per cent less than male workers, according to a report that highlights about gender inequality in this sector. Consulting firm Primus Partners and World Trade Center on Monday released a report 'Pink Collar Skilling: Unleashing the Women's Power in the Real Estate Sector' [...]
Collection efficiency ratio of private lender Bandhan Bank increased to 98 per cent at the end of December 2022 from 95 per cent at the end of the second quarter. An initial disclosure statement by the bank said that the ratio for micro-credit loans was 98 per cent at the end of December 2022, while [...]
The shares of Pacific Industries Ltd. zoomed 9.27% on Monday to reach an intraday high of ₹ 459.90 apiece. Its shares were trading at ₹ 449.00 apiece at 02:53 PM on Monday. Pacific Industries manufactures, processes and trades marble, granite and stone. The company informed the exchanges that its board has approved the issuance of [...]
Equity benchmarks ended over 1 per cent higher on Monday amid positive trends in global markets and buying in Reliance Industries and IT counters. The 30-share BSE Sensex zoomed 846.94 points or 1.41 per cent to settle at 60,747.31. During the day, it jumped 989.04 points or 1.65 per cent to 60,889.41. The broader NSE [...]
Switzerland is keen to accelerate bilateral ties with India by tapping more trade and investment opportunities, and both countries are also working to create an innovation platform, according to Swiss Ambassador to India Ralf Heckner. Emphasising that his "expectations are very high", he said innovation and a free trade agreement can take the bilateral relations [...]
The Bombay High Court on Monday questioned the Income Tax department’s move seeking to prosecute Reliance ADAG chairman Anil Ambani under the Black Money Act for alleged tax evasion, and asked how Acts criminalising certain action can have a retrospective effect. A division bench of Justices Gautam Patel and S G Dige, while hearing a [...]
