Asia

Indian oil refiners boosting exports to record highs amid surging demand, ethanol blending

Indian oil refiners are increasing gasoline and diesel exports to their highest levels in several years, driven by expanded crude processing capacity and increased domestic ethanol blending that has freed up fuel supplies for overseas markets, traders and analysts said.

4 days ago

HSBC upgrades Indian equities to overweight from neutral

Although foreign funds have withdrawn significant amounts from India in the last 12 months, a period in which the market has seriously underperformed, local investors have remained resilient, according to the report.

4 days ago

Stock market ends flat; auto shares surge as IT and FMCG decline

Stock market ends lower as IT, auto and banking shares fall

Sensex ended the session at 81,715.63, down 386.47 points or 0.47 per cent. The 30-share index opened slightly lower at 81,917.56 against the last session's closing of 82,102.10. The index slipped further amid selling across major sectors to hit an intra-day low at 81,607.84.

4 days ago

Shaktikanta Das 25th governor of the Reserve Bank of India (RBI)

RBI urges banks to step up efforts to return crores in unclaimed deposits

Balances in savings and current accounts that remain inoperative for ten years, or term deposits not claimed within ten years from the date of maturity, are classified as unclaimed deposits and subsequently transferred by banks to the DEA fund maintained by the central bank.

5 days ago

Sensex, Nifty open lower amid weak global cues

Investor sentiments were weighed down by comments from US Fed Chair Jerome Powell about stagflation risks and elevated asset prices. Additionally, the impact of US visa curbs, ongoing foreign outflows, and persistent valuation concerns in domestic markets acted as headwinds for the stock exchanges.

5 days ago

ICICI Bank to clear cheques on same day from Oct 4 following RBI's directive

The action is consistent with the Reserve Bank of India's (RBI) new cheque clearing system, which aims to expedite settlements. The previous batch-based procedure will be replaced by the new framework, which will clear cheque within hours of submission.

5 days ago

Sensex, Nifty open lower amid uncertainty around Trump tariffs

Stock market settles flat, auto and financial services stock gain

Sensex ended the session at 82,102.10, down 57.87 points or 0.07 per cent. The 30-share index started the session flat at 82,147.37 against last session's closing of 82,159.97. The index remained range-bound amid selling in IT and FMCG stocks.

6 days ago

Sensex, Nifty open with gains as potential rate cut in US boosts sentiment

Indian stock market opens marginally up, Sensex above 82,000

Nifty Bank was down 26.30 points or 0.05 per cent at 55,258.45. The Nifty Midcap 100 index was trading at 58,686.55 after dropping 12.95 points or 0.02 per cent. Nifty Smallcap 100 index was at 18,293.15 after gaining 4.25 points or 0.02 per cent.

6 days ago

India's pension regulator explores new investment options to boost returns

India's pension regulator is looking to widen investment options for private pension funds to drive better returns for subscribers, after it permitted fund houses to launch customised pension schemes earlier this month.

6 days ago

Gold surges over Rs 3,300 in this week, Silver crosses Rs 1.28 lakh mark

Gold price nears record high as investors anticipate Federal Reserve speeches and inflation data

Gold hovered near a record high on Monday as investors braced for a slew of speeches from U.S. Federal Reserve officials and inflation data this week, after the central bank cut interest rates last week and signalled potential further easing.

7 days ago

GST rationalisation to benefit poor, middle class, entrepreneurs: FM Sitharaman

"We should all work to accelerate growth, make it easy for business to function and be attractive for investment. Such a big tax reform became possible by taking all states together, since 2017," said the finance minister, citing Prime Minister Narendra Modi's address to the nation on Sunday.

7 days ago

FII selling moderates amid India's market rally; sentiments to improve

It is important to note that FIIs have been consistently buying through the primary market even while selling through the exchanges, and they have bought Rs 1,559 worth of equities in September, said Dr V.K. Vijayakumar, Chief Investment Strategist at Geojit Investments.

8 days ago

Indian stock market rally continues for 3rd consecutive day, Sensex jumps 213 points

Mcap of 7 top firms rises by Rs 1.18 lakh crore last week

Among the gainers, the market value of State Bank of India jumped by Rs 35,953.25 crore to reach Rs 7,95,910 crore, while Bharti Airtel's valuation rose by Rs 33,214.77 crore, taking it to Rs 11,18,952.64 crore.

8 days ago

sensex, nifty, india news,economic survey 2017, idea cellular share price, sensex live updates, top losers

Sensex & Nifty End Week Higher on Optimism Around India-US Trade Deal, US Fed Eases Rates

The total turnout was clocked at 39.45 per cent at all the 52 centres with 195 booths equipped with 711 EVMs. Over 2.75 lakh students, from more than 50 colleges of Delhi University, were eligible to vote in DUSU elections.

9 days ago

Net direct tax revenue jumps 9.2 pc to cross Rs 10.82 lakh crore

Gross direct tax collections increased by 3.39 per cent to Rs 12.43 lakh crore, while refunds dipped by 23.87 per cent to Rs 1.60 lakh crore. Corporate refunds — the majority of total refunds — grew by 13.13 per cent to Rs 1.23 lakh crore, while refunds issued to non-corporate taxpayers decreased by 63.39 per cent to Rs 37,306.72 crore.

9 days ago

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