The Indian government had no outstanding loans with the central bank under ways and means advances in the week ended Sept. 6, according to the Reserve Bank of India's weekly statistical supplement released on Friday. The central government had no outstanding loans in the week earlier as well. State governments had 354.26 billion rupees loans … Read more
Indian shares ended flat on Friday, after hitting all-time highs in the previous session, and logged their best week since the end of June ahead of a likely rate cut by the Federal Reserve. The Nifty 50 closed 0.13% lower at 25,356.5, while the Sensex shed 0.09% to 82,890.94. Both the indexes rose about 2% … Read more
The FIIs as per Friday's data were net buyers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 23738.68 crore against gross selling of Rs 15766.98 crore. Thus, FIIs stood as net buyers of Rs 7971.70 crore in equities. In the debt … Read more
Aurum Proptech is currently trading at Rs. 227.00, up by 2.00 points or 0.89% from its previous closing of Rs. 225.00 on the BSE. The scrip opened at Rs. 229.00 and has touched a high and low of Rs. 229.00 and Rs. 221.50 respectively. So far 676 shares were traded on the counter. The BSE … Read more
With an aim to simplify rules and regulations for foreign investments, the Department of Economic Affairs (DEA), Ministry of Finance, has notified the Foreign Exchange (Compounding Proceedings) Rules, 2024 under powers given under section 46 read with section 15 of the Foreign Exchange Management Act (FEMA), 1999. The amended Rules will supersede the existing Foreign … Read more
Power Grid Corporation Of India is currently trading at Rs. 340.15, up by 2.35 points or 0.70% from its previous closing of Rs. 337.80 on the BSE. The scrip opened at Rs. 339.00 and has touched a high and low of Rs. 341.15 and Rs. 337.70 respectively. So far 82930 shares were traded on the … Read more
indian rupee strengthened against the US dollar on Friday, after India’s retail inflation eased to 3.65% year-on-year in August, which below the Central Bank’s target of 4% for the second consecutive month and it indicating that price pressures are under control. Moreover, expectation of long-awaited interest rate cuts next week, weak American currency at overseas … Read more
Credit rating agency ICRA in its latest report has said that domestic steel consumption is likely to witness 9-10 per cent growth this financial year (FY25). The demand for steel was robust in the first quarter of the ongoing financial year (Q1FY25) with consumption growing at a rate of 15 per cent on a year-on-year … Read more
Large office space contributed 45 per cent of the overall commercial transactions across eight leading cities in the country in the January-June period this year, a report showed on Friday. Transactions for office spaces above 100,000 square feet recorded a substantial YoY growth of 54 per cent in the first half of 2024 — at … Read more
The dollar softened on Friday, with the euro and the yen on the rise as investors remained on tenterhooks ahead of next week's central bank bonanza where the focus is on the Federal Reserve and the size of its expected interest rate cut. While the Fed is all but certain to cut rates next week, … Read more
