The Nifty Financial Services Index, also known as FINNIFTY, is a benchmark designed to capture the performance of India’s dynamic financial sector. It includes 20 major stocks across various segments such as banks, financial institutions, housing finance, insurance, and other financial services. Introduced by the National Stock Exchange (NSE), the index uses the free-float market …
In a move aimed at safeguarding the financial interests of retired government employees, the Reserve Bank of India (RBI) has issued a circular directing banks to pay 8% annual interest on any delayed pension payments. This directive seeks to ensure timely disbursement and eliminate the need for pensioners to initiate compensation claims. Automatic Compensation and …
Bajaj Allianz Life Insurance has launched a new term insurance policy exclusively for women, named the Superwoman Term (SWT) plan. The policy combines standard term coverage with add-on features focused on women’s health and child care. Coverage The plan includes a critical illness rider that covers 60 illnesses, including specific conditions like breast, cervix, and …
The Telangana government has launched the Rajiv Yuva Vikasam Scheme 2025 to support self-employment among youth from disadvantaged backgrounds. The scheme offers concessional loans of up to ₹4 lakh for eligible individuals to start small businesses across sectors. Loan Amount and Target Groups The scheme is aimed at members of Scheduled Castes (SC), Scheduled Tribes …
The Odisha government has announced a 2% increase in Dearness Allowance (DA) for state government employees and pensioners. The revised rate takes the DA from 53% to 55% and will be implemented retrospectively from January 1, 2025. According to the state’s official communication, the revised DA and the corresponding Temporary Increase (TI) for pensioners will …
The U.S. administration has issued updated guidance exempting smartphones, computers, and key tech components from new reciprocal tariffs. The notice, released by U.S. Customs and Border Protection on Friday, comes after President Donald Trump had earlier imposed a 145% tariff on Chinese imports, raising concerns across the technology sector. Products Covered Under the Exemption According …
India is considering a reduction in import duties on high-end fully built vehicles as part of ongoing trade discussions with the United States, the European Union, and the United Kingdom, as per the reports. Discussions are focused on vehicles priced above ₹40 lakh, with a proposal for a fixed annual import quota also under consideration. …
NITI Aayog, India’s premier policy think tank, has unveiled a vision for the country’s automotive sector through its latest report titled “Automotive Industry: Powering India’s Participation in Global Value Chains.” The report projects that India’s automotive component production could grow to USD 145 billion by 2030. Alongside this, the export potential is expected to …
The Nifty Bank index witnessed a sharp uptick in today’s session, climbing 1,351.85 points or 2.65% as of 11:50 AM. The index traded in the range of 51,863.30 to 52,386.50, building on positive momentum amid strong buying in heavyweight banking stocks. Seasonality Backs April Momentum April continues to live up to its reputation of being …
On Tuesday, the Indian stock market continued its upward trend for the second day in a row, opening with a strong gain. The Nifty 50 opened at 23,368 and reached an intraday high of 23,368, showing a gain of 540 points. Similarly, the Sensex opened at 76,852 and hit an intraday high of 76,907, recording …
