Showing posts from May, 2021

Moody's Estimates India GDP Growth At 9.3% In FY22

Moody's Investors Service on Tuesday pegged India's GDP growth at 9.3 per cent in the current fiscal …

GDP Numbers Better Than Expected Say Analysts

Most analysts say that the GDP numbers are much better than expected, especially the gross value added. "…

Markets Open Higher, Nifty Hits Record Highs Again

Benchmark indices opened the day higher again, as lockdown restrictions were eased in many places and hopes o…

India's Fiscal Deficit At 9.3% of GDP For 2020-21

New Delhi, May 31 (PTI) Fiscal deficit for 2020-21 was at 9.3 per cent of the gross domestic product (GDP), l…

Is Bitcoin Set For Second-Largest Monthly Drop?

Despite recovering off session lows in Asia, Bitcoin is on track for the second-largest monthly percentage fa…

GDP For FY21 Contracts By 7.3%, Q4FY21 GDP At 1.6%

The GDP number for full year FY21 has come in positive at -7.3%. GVA is at 3.75 for the fourth quarter. So, t…

Sensex Ends 514 Points Up; Nifty Around 15,550

The Sensex closed higher on Monday at 51937.56 higher 514 points or 1%, while the Nifty was at 15,582, up 147…

Nifty Pharma Stocks Gain; Divi's Labs Hits New High

As a result of GDP data, policy announcements, business results, and other macroeconomic indicators, the Nift…

RIL Stock Gains Close To 11% In 2-Days

Reliance Industries shares in today's trade (May 31, 2021) is again gaining by close to 5 percent at day&…

Markets Trade Flat, Asian Markets Lose Ground

Benchmark indices were trading flat with a slight negative bias, in early trade on Monday. The Nifty had reco…

Steel Consumption Takes A Knock In April 2021

India's finished steel consumption in April 2021 stood at 6.78 million tonnes, down 23% month-on-month, b…

Important Updates From the 43rd GST Council Meet

The GST Council met after a gap of 7 months via video conferencing to discuss matter on GST relief for Covid …

RBI Imposes Rs 10 Crore Penalty On HDFC Bank; Know Why

The Reserve Bank of India (RBI) issued a monetary penalty of Rs. 10.00 crore on HDFC Bank for violating secti…

Latest Prices of Popular Cryptocurrencies

Cryptocurrency prices rose to fall again in Friday's trade. While volatility remains strong, most cryptoc…

Nifty Closes At A New Record High, Reliance Surges

Benchmark indices surged in trade with the Nifty closing at a new record high led by solid gains in Reliance …

DoT Allocates Spectrum To Telecom Operators For 5G Trials

New Delhi, May 28 (PTI) The Department of Telecom (DoT) has allocated spectrum to telecom operators to start …

Residential Realty Demand Seen Up 5-10% In FY 2021-22

Improved affordability and continuing work-from-home will increase demand for residences by an average 5-10% …

Nifty Hits Record High, Steel Stocks Surge

Benchmark indices opened the day higher once again in trade, with the Nifty hitting a new record high of 15,4…

Nifty Realty Index Down Amid Volatile Markets

Due to volatility and varied global cues, Nifty Realty stocks were trading in red on Thursday. The NIFTY Real…

Commodities Rally Unlikely To Hurt Indian economy

A global commodity rally is unlikely to hurt India, unless energy prices start picking up, Motilal Oswal has …

Why HSBC Is Exiting US Retail Banking?

HSBC Bank USA will realign its US Wealth and Personal Banking business to focus on the banking and wealth man…

Petrol, Diesel Prices Hiked For 14th Time This Month

On Thursday, fuel prices were raised once more as the price of petrol in Mumbai, India's financial centre…

US, Chinese Trade War Envoys Talk

Beijing, May 27 (PTI) U.S. and Chinese trade envoys talked by phone on Thursday for the first time since Pres…

Markets Trade Flat, BPCL Rallies Post Dividend

Shares in Asia-Pacific were flat on Thursday as many investors reacted to the release of Chinese industrial p…

Bank Holidays In June 2021, Check Complete List Here

According to the Reserve Bank of India's (RBI) holiday list, banks in India will be closed for nine days …

Bezos Will Pass Baton To New Amazon CEO On July 5

New York, May 26 (AP) Amazon founder Jeff Bezos has picked a date to step down as CEO. Bezos, who grew Amazon…

Bezos Says Will Pass Baton To New Amazon CEO On July 5

New York, May 26 (AP) Amazon founder Jeff Bezos has picked a date to step down as CEO. Bezos, who grew Amazon…

Dairy Industry To Log 5-6 Growth This Fiscal: CRISIL

Revenue of the organised dairy sector in India, after churning to a decadal-low growth of 1% last fiscal, is …

Vehicle Financers Facing Risks: India Ratings

India Ratings and Research (Ind-Ra) opines the second covid wave will have a material impact on vehicle finan…

NBFC Arm Of HDFC Bank Plans To Raise Funds Via Debentures

HDFC Bank's NBFC arm, HDB Financial Services Limited, is planning to raise Rs. 8600 crore via debentures.…

Rupee Opens Lower At 72.80 Per US Dollar

Rupee in trade on May 26, 2021 opened weak at 72.80 despite the weakness in the dollar index. In Tuesday'…

Companies Launch Production of Sputnik V Vaccine in India

The Russian Direct Investment Fund (RDIF) and Panacea Biotec, an Indian pharmaceutical company, announced on …

3 Reasons Why Banking Stocks Fell In Trade Today

Entirely the weakness in today's stock market trade has largely to do with the banking and financial pack…

Nifty Media Gains Up To 4%; Dish TV Hits Upper Circuit

Even in a weak market, when headline indices are swinging between losses and gains, Nifty Media was one secto…

Global Commodity Prices Have Surged In CY21

According to the India Strategy report of Motilal Oswal Financial Service, global commodity prices have surge…

Cement Demand To Grow In 4% To 7% Range In FY 2022

The recent spike in Covid-19 cases and consequent restrictions imposed in almost all states across the countr…

Sensex Gains 200 Points, Global Cues Strong

Benchmark indices rallied in trade as global cues continued to remain strong, led by gains seen overnight acr…

Stocks To Be In News Today; PNB, Mahanagar Gas, TCS etc.

Indian indices in trade on May 25, 2021 (Tuesday) may open on a positive note in line with the gains of 0.47%…

Gold To Hover In The Range Of Rs 48,400 To Rs 48,900

Gold prices were steady in the international markets and nearing 4 and half months high, as a weak dollar hel…

Gold Prices Gain Amid Falling Cryptocurrency

By compounding emerging threats and introducing new ones, the COVID-19 pandemic increased uncertainty. Howeve…

Markets Trade Higher, Metals Trade Soft

Benchmark indices continue to trade higher following a solid rally on Friday, as investors continue to remain…

Rupee Opens Higher At 72.81; Yields Continue To Fall

Rupee in trade today on May 24, 2021 opened higher at 72.81 on buoyancy in equity markets and stability in th…

Government Condemns False Reporting on Cairn Legal Dispute

The Government of India has strongly denounced false reports in some media outlets alleging that the Governme…

Banking Alert! NEFT Not Available Till 2 PM on Sunday

The NEFT service will not be available until Sunday afternoon, according to the Reserve Bank of India (RBI). …

FPI Inflows Since Pandemic Has Been Positive

Since the pandemic set in, the investment by Foreign Portfolio Investors (FPIs) have been generally positive …

Now Bangladeshis Are Richer Than Indians

Bangladesh's per capita income for the fiscal year 2020-21 (FY21) was $2,227, up 9% from $2,064 in the pr…

SBI’s Q4FY21 Net Profit Jumps 81% YoY To Rs. 6451 Cr

In its quarterly and year ended performance, SBI came up with good results reporting a profit of Rs. 6451 cro…

Sugar Stocks Plunge, Some Stocks Hit Lower Circuit

In light of firm global prices, the Centre cut the sugar export subsidy from Rs 6,000 per tonne to Rs 4,000 p…

7 GW Of Unsigned PSAs Pose Risk To Renewable Energy Targets

Delays in power supply agreements (PSAs) for 7 GW of the bid out renewable energy projects is one of the main…

Markets Open Higher On Solid Global Cues

Benchmark indices opened the day higher as global cues remained strong and a recovery in the US indices were …

Surge In Vaccination To Fortify Revenues Of Glass Makers

Sharp increase in Covid-19 vaccination led pharma demand and expected healthy growth in end-user sectors like…

Work Offered Under MGNREGA Surges Despite Covid 2nd Wave

Despite COVID pandemic, 1.85 crore persons have been offered work in May 2021 under Mahatma Gandhi National R…

Why SEBI Imposed Penalty Of Rs 5.25 Crore On Cairn India?

The market regulator SEBI has found Cairn India, the leading oil and gas player that was merged with Vedanta …

Sensex Opens Marginally Higher, Asian Stocks Mixed

Benchmark indices opened the day marginally higher, even as stocks in Asia-Pacific were mixed in Thursday mor…

Nifty Drops Below 15050; Coal India Top Performer

Indian markets in line with losses in the US indices and Asian peers which are reacting to the inflationary p…

Nifty Auto Skid Over 1%; Tata Motors Down 4%

The Nifty Auto index fell more than 1%, pulled down by Tata Motors, which fell more than 5% after reporting p…

Alert! Bitcoin Drops Below $40K

According to Reuters, China has prohibited financial and payment institutions, such as banks and online payme…

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