Business news

Centre gears up to make hallmarking mandatory for gold bullion

Centre prepares to Mandate Hallmarking for Gold Bullion

The Indian government is preparing to make hallmarking mandatory for gold bullion. This announcement was made by Consumer Affairs Secretary, Nidhi Khare, at the Gems and Jewellery Conference organized by the Confederation of Indian Industry (CII) in New Delhi.

Dec 6, 2024

Sensex closes up by 236 pts, NTPC and Kotak Mahindra Bank top gainers

Share market ends flat; Sensex settles at 81,709 after RBI MPC decisions

The Indian stock market closed flat on Friday after the announcement of the RBI's Monetary Policy Committee (MPC) decisions on repo and CRR rates, as selling was seen in IT, financial services, and pharma sectors and buying was seen in auto and metal stocks.

Dec 6, 2024

Indian real estate registers $2.5 bn in investments in Q2

More than 3 lakh homes worth Rs 5.1 lakh crore to be sold in 2024 in India

More than 3 lakh homes worth Rs 510,000 crore across 485 million square feet are expected to be sold by the end of this year, according to a new report.

Dec 6, 2024

Govt doubles FCI's authorised capital to Rs 21,000 cr in big boost to farm sector

RBI raises limit of collateral-free agriculture loans to Rs 2 lakh

The Reserve Bank of India (RBI) has decided to raise the limit for collateral-free agriculture loans from Rs 1.6 lakh to Rs 2 lakh to enhance coverage of small and marginal farmers and permit small finance banks to extend pre-sanctioned credit lines through UPI to small borrowers to ensure greater financial inclusion.

Dec 6, 2024

Population collapse is accelerating: Elon Musk

Elon Musk's xAI raises $6 billion to expand AI capabilities

Elon Musk's AI company called xAI has raised $6 billion, as it plans to expand its supercomputer to house at least one million graphics processing units (GPUs).

Dec 6, 2024

RBI Slashes Cash Reserve Ratio to 4%, Frees Up Rs 1.16 trillion

The Reserve Bank of India (RBI) has cut the cash reserve ratio (CRR) to 4%, freeing up 1.16 trillion rupees in the banking system.

Dec 6, 2024

Amazon sued over slow deliveries to low-income areas in US

The attorney general of the US District of Columbia sued Amazon, accusing it of violating consumer protection laws by making slower deliveries to Prime members in historically lower-income neighbourhoods.

Dec 5, 2024

Sensex, Nifty close at all-time high, led by metal and auto shares

Bulls take charge of Dalal Street, Sensex zooms 809 points before MPC announcement

Frontline equity indices ended in green amid volatile sessions on Thursday as buying was seen in the heavyweights IT counters.

Dec 5, 2024

Indian hosiery makers to clock 10-12 pc revenue growth in FY25

The revenue of Indian hosiery makers is projected to increase 10-12 per cent (year-on-year) this fiscal following a revival in rural demand, volume support from the export market and robust modern trade sales, a report showed on Thursday.

Dec 5, 2024

Adani Defence hands over 2nd Drishti-10 drone to Indian Navy to enhance maritime security

In a bid to boost the country's maritime surveillance capabilities, Adani Defence and Aerospace has handed over a second Drishti-10 Starliner surveillance drone to the Indian Navy.

Dec 4, 2024

India's trade grew 5.45 pc in H1 2024 to $576 billion: NITI Aayog

India's trade performance demonstrated stability and moderate growth during the first quarter of the current financial year.

Dec 4, 2024

Indian stock market opens flat, PSU bank shares lead

Indian stock market ends in green, all eyes on RBI's MPC decision

The domestic benchmark equity indices closed in green on Wednesday as buying was seen in PSU bank and realty sectors. The investors are keenly watching the Reserve Bank of India's (RBI) monetary policy committee (MPC) meeting which will announce its decision around the repo rate on Friday.

Dec 4, 2024