India’s GDP will be close to USD 20 trillion by 2047 and per capita income may reach USD 10,000 (at current value of USD), Bibek Debroy, chairman, Economic Advisory Council to the Prime Minister, said on Wednesday. Virtually addressing the inaugural session at the 57th Annual Conference of the Indian Econometric Society (TIES) held at [...]
New Delhi, Jan 5 (PTI) Retail sales of overall vehicles in India grew by 15.28 per cent to 2,11,20,441 units in 2022 led by record sales of passenger vehicles and tractors, Federation of Automobile Dealers Associations (FADA) said on Thursday. In 2021, total retail sales of vehicles in India were at 1,83,21,760 units, FADA said [...]
The Association of Mutual Funds in India (AMFI) releases a semi-annual categorization of stocks based on market capitalization. The list released in January 2023 considers data from July 2022 to December 2022. According to the Securities and Exchange Board of India’s (SEBI) circular in October 2017, listed stocks must be strictly categorised into baskets with [...]
Telecom operators Jio and Bharti Airtel on Thursday started their 5G services in the state capital. The 5G services of both the companies were unveiled by Union Education Minister Dharmendra Pradhan and Union Telecom Minister Ashwini Vaishnaw at an event here. Vaishnaw said that the Narendra Modi government has sanctioned a total of Rs 5,600 [...]
Employees of three state-owned power companies in Maharashtra called off their strike on Wednesday evening, hours after they stopped work as part of a three-day agitation launched in support of their demands, following an assurance from the government that the utilities will not be privatized, fulfilling a key demand. Maharashtra Deputy Chief Minister Devendra Fadnavis, [...]
Investing in small-cap stocks has an inherent nature of being volatile and involves high risk. However, they generally tend to have a significant upside growth potential in a shorter time frame as the smaller companies have high growth potential. Here are 5 small-cap stocks that delivered a multibagger return in the year 2022: Baroda Rayon [...]
Issues related to ATM/debit cards and mobile/electronic banking were the top grounds of complaints received at the Office of Banking Ombudsman (OBO) during April 1 to November 11, 2021, an RBI report said on Wednesday. The volume of complaints received under the Ombudsman Schemes/Consumer Education and Protection Cells during 2021-22 increased by 9.39 per cent [...]
Enterprise software solutions provider Ramco Systems on Wednesday said it would provide ERP (enterprise resource planning) software solutions to Addison and Co Ltd of the Amalgamations Group and maker of metal-cutting tools. The software offers modules for finance and accounts, inventory, purchases, sales, production, quality management as well as supplier and customer portal on a [...]
Shares of Radiant Cash Management Services ended with over 13 per cent gain in its debut trade on Wednesday against the issue price of Rs 94. The stock listed at Rs 99.30, registering a gain of 5.63 per cent against the issue price on the BSE. During the day, it jumped 24.14 per cent to [...]
The shares of Equitas Small Finance Bank opened 5 percent higher at Rs 62 as against its previous close of Rs 59.35. It further zoomed by 2 percent to scale up to a new 52-week high of Rs 63.90. The shares zoomed after the SBI Funds management got approval from the Reserve Bank of India [...]
