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Chinese Lianchuang Electronics Looks to India’s Electronics Components Sector

Chinese Lianchuang Electronics Looks to India’s Electronics Components Sector

28 April 2025

Lianchuang Electronics, a prominent Chinese supplier, is in advanced discussions with Amber Electronics and Optiemus Electronics to enter India’s electronics components industry. Known for serving major clients like Oppo, Vivo, and Samsung in the country, Lianchuang is keen to capitalise on the Indian government’s ₹22,919-crore Electronics Components Manufacturing Scheme, as per a Moneycontrol report. This …

Nifty Financial Services Index Gains 0.96%, Led by Banks and Housing Finance Stocks

Nifty Financial Services Index Gains 0.96%, Led by Banks and Housing Finance Stocks

28 April 2025

The Nifty Financial Services Index is a key benchmark that tracks the performance of India’s financial sector, covering a broad range of companies including banks, housing finance firms, insurance providers, and other financial services institutions. The index offers a comprehensive view of how this critical segment of the economy is performing. As of April 28, …

What Is the Weightage of Stocks in the Bank Nifty Index? HDFC Bank Leads!

What Is the Weightage of Stocks in the Bank Nifty Index? HDFC Bank Leads!

28 April 2025

The Nifty Bank Index, also known as Bank Nifty, is a benchmark index that represents the performance of the Indian banking stocks. It provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian banks.   The index is comprised of 12 constituent stocks, including both public and private sector banks. …

TDS on Rent: Claim Your Refund If You Paid 5% Instead of 2% on House Rent

TDS on Rent: Claim Your Refund If You Paid 5% Instead of 2% on House Rent

28 April 2025

Starting October 1, 2024, a key rule change brought relief to thousands of tenants paying high rents: the TDS (Tax Deducted at Source) rate on house rent payments exceeding ₹50,000 per month was slashed from 5% to 2%. However, widespread confusion has now surfaced. Many tenants, unaware of the new lower rate, continued deducting TDS …

India’s Silent Poverty Revolution: 171 Million Rise Above Extreme Poverty, 415 Million Escape Multidimensional Poverty

India’s Silent Poverty Revolution: 171 Million Rise Above Extreme Poverty, 415 Million Escape Multidimensional Poverty

28 April 2025

India’s efforts to alleviate poverty over the past decade have yielded remarkable outcomes. According to World Bank estimates, extreme poverty—measured at $2.15 per day in purchasing power parity terms—declined from 16% in 2011-12 to just 2.3 per cent in 2022-23.  This significant shift has lifted approximately 171 million people above the internationally recognised poverty threshold. …

RBI’s Gold Reserves Surge: Purchases Touch 57.5 Tonnes in FY25, Second Highest in 7 Years

RBI’s Gold Reserves Surge: Purchases Touch 57.5 Tonnes in FY25, Second Highest in 7 Years

28 April 2025

The Reserve Bank of India (RBI) has been steadily augmenting its gold reserves since December 2017. In the financial year 2024-25, the central bank added 57.5 tonnes of gold, marking the second-largest annual purchase in the past 7 years.  According to a report by The Economic Times, this move underscores the RBI’s continued focus on …

Sovereign Gold Bond Scheme: RBI Sets ₹9,600 Premature Redemption Price for April 28, 2025

Sovereign Gold Bond Scheme: RBI Sets ₹9,600 Premature Redemption Price for April 28, 2025

28 April 2025

The Reserve Bank of India (RBI) has announced that the premature redemption for Sovereign Gold Bond (SGB) Scheme, Series I of 2020-21, will take place on April 28, 2025. In accordance with the Government of India Notification F. No. 4(4)-B(W&M)/2020, premature redemption is permitted after the completion of five years from the issue date, which …

Sensex Surges 800 Points, Nifty 50 Reclaims 24,200: Why the Share Market is Rising?

Sensex Surges 800 Points, Nifty 50 Reclaims 24,200: Why the Share Market is Rising?

28 April 2025

On Monday, April 28, the Indian stock market witnessed significant gains with both Sensex and Nifty 50 climbing nearly 1% each. The Sensex surged by over 850 points, reaching 80,089 during the session, while Nifty 50 gained nearly 250 points, reclaiming the level of 24,283.  As the market continued to rise, the BSE Midcap and …

RBI says India’s Economy Projected to Grow 6.5% Amid Global Volatility

RBI says India’s Economy Projected to Grow 6.5% Amid Global Volatility

28 April 2025

Despite increasing global uncertainties and weakening international growth prospects, India is poised to record a robust 6.5% economic expansion this year. According to the Reserve Bank of India (RBI), this growth will secure India’s position as the fastest-growing major economy, even though it marks a slight moderation compared to recent years. Strong Domestic Demand Bolsters …

PMJAY Scheme: Free Hospitalisation Benefits Cross ₹1.29 Lakh Crore

PMJAY Scheme: Free Hospitalisation Benefits Cross ₹1.29 Lakh Crore

28 April 2025

Since its launch in September 2018, the Pradhan Mantri Jan Arogya Yojana (PM-JAY) has significantly transformed healthcare access for millions of Indians. Offering free health cover of ₹5 lakh annually, the scheme has provided hospitalisation benefits worth over ₹1.29 lakh crore and continues to be a critical pillar in reducing healthcare-driven poverty in India. Widespread …

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