The Union Budget 2025 is set to be presented on Saturday, February 1, 2025, by Finance Minister Nirmala Sitharaman. This will mark her 8th consecutive presentation of the Union Budget, and it will be the second full budget under the leadership of Prime Minister Narendra Modi’s third term (Modi 3.0). The presentation will take place …
The Indian stock market witnessed a sharp downturn as the NSE benchmark Nifty50 index fell below the 23,000 mark, registering a decline of over 200 points or 0.88%. This marked the lowest level for the index in seven months, with broader concerns around global and domestic factors influencing investor sentiment. Key Reasons Behind the Decline …
The US Silicon Valley had anything but a peaceful weekend. Amid ongoing policy surprises from President Donald Trump, the unexpected emergence of a relatively unknown Chinese AI platform, DeepSeek, sent ripples through the global technology sector. DeepSeek’s AI assistant overtook OpenAI’s ChatGPT on Monday to become the top-rated free app on Apple’s App Store in …
The Reserve Bank of India (RBI) announced a series of special measures on Monday to address the banking system’s liquidity deficit. The central bank’s initiatives include open market operations (OMO) purchases of government bonds, longer-tenure variable rate repo (VRR) auctions, and a dollar-rupee buy-sell swap auction. Cumulatively, these measures are expected to inject approximately ₹1.5 …
The Nifty Bank index, known for its high volatility witnessed an extraordinary single-day surge of 2.17% or 1,043 points by midday on January 28, 2025. This marks the index’s sharpest gain in over 7 months, following a challenging streak of 3 consecutive days of decline. The last time the index recorded such a significant movement …
The BSE Sensex, India’s benchmark stock index, experienced a steep fall of 800 points on January 27, 2025, marking a decline of over 1%. This performance contributed to its worst January since 2017, with the index losing 3.5% so far this month. A significant rise in India VIX, up by 9% to 18.30, highlights growing …
On January 29, 2025, the BSE Sensex ended in green closing at 76,532.96, up by 0.83% and the NSE Nifty50 closed at 23,163.10, up by 0.9%. Sectoral Performance On Wednesday, Nifty FMCG ended in the red. Nifty Midsmall IT & Telecom, Nifty Realty and Nifty Midsmall Financial Services ended in green. Top Gainers and Losers On Wednesday, …
In a significant move to enhance the entrepreneurial landscape of Jammu & Kashmir, the Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with the Jammu & Kashmir Entrepreneurship Development Institute (JKEDI). The recently signed Memorandum of Understanding (MoU) focuses on fostering innovation, providing mentorship, and offering infrastructural support to startups within the …
The Securities and Exchange Board of India (SEBI) has launched a web-based portal, Integrated SEBI Portal for Technical Glitches (iSPOT), for reporting technical issues faced by stock exchanges and other market infrastructure institutions (MIIs). This new system aims to streamline the submission of preliminary and final Root Cause Analysis (RCA) reports and establish a centralised …
The Securities Appellate Tribunal (SAT) has upheld the order issued by the capital market regulator against the SME company Trafiksol ITS Technologies, directing it to refund investors money following its successful initial public offering (IPO). SAT Decision on Trafiksol’s appeal In a ruling issued on Tuesday, the appellate authority rejected the appeal filed by the …
