Indian stock markets traded higher on Tuesday, supported by stability in other Asian markets. Investors also remained focused on upcoming economic data and the RBI’s monetary policy decision. By 3 PM, the BSE Sensex rose 1,139.52 points (1.56%) to 74,277.42, while the Nifty 50 climbed 370.95 points (1.67%) to 22,532.55. Mid-cap and small-cap stocks also …
In a major step towards inclusive healthcare, Delhi has officially become the 35th state or union territory to implement the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY). This landmark decision was formalised with the signing of a Memorandum of Understanding (MoU) between the National Health Authority (NHA) and the Government of NCT of …
India has made a significant leap in renewable energy, becoming the world’s third-largest producer of wind and solar electricity in 2024, as per the sixth edition of Ember’s Global Electricity Review. This milestone places India ahead of Germany, a long-standing leader in clean energy, marking a pivotal moment in the global shift towards sustainable electricity …
According to a media report, in a significant development for India’s state-owned telecom sector, the Department of Telecommunications (DoT) has allocated ₹61,000 crore worth of 5G spectrum to Bharat Sanchar Nigam Limited (BSNL). This allocation includes both premium 700MHz and mid-band 3300MHz spectrum, positioning BSNL to join the 5G race alongside private operators. This move …
What Are Sovereign Gold Bonds? Sovereign Gold Bonds (SGBs) are government-backed securities issued by the Reserve Bank of India (RBI) on behalf of the Government of India. These bonds are denominated in grams of gold and serve as an alternative to holding physical gold. Investors benefit not only from the potential appreciation in gold prices …
In a significant development for India’s electronics manufacturing sector, Apple Inc. has ramped up its iPhone exports from the country amidst global trade uncertainties. The move comes at a time when geopolitical shifts and rising tariffs are forcing tech giants to reconsider their supply chain strategies. iPhone Exports Soar Amid Global Trade Tensions Apple’s iPhone …
As per the news reports, the number of new demat accounts opened in March dropped to the lowest in nearly two years, according to data from NSDL and CDSL. The slowdown comes amid increased market volatility and reduced activity in the primary market. 2.04 Million New Accounts in March As per news reports, 2.04 million …
In a landmark move to enhance cybersecurity across India’s Banking, Financial Services, and Insurance (BFSI) sector, the Ministry of Electronics and Information Technology (MeitY), through CERT-In and CSIRT-Fin, in collaboration with global cybersecurity firm SISA, launched the first Digital Threat Report 2024. This report presents a comprehensive landscape of existing and emerging cyber threats faced …
The Income Tax Department has specific provisions under the Income Tax Act, 1961, that exempt certain senior citizens from filing Income Tax Returns (ITR), provided they meet the required conditions. This applies to Assessment Year 2025-26 as well. Eligibility Under Section 194P Section 194P was introduced under the Finance Act, 2021, and has been in …
The Securities and Exchange Board of India (SEBI) has taken a significant step to safeguard investor rights by scrutinising the client agreements signed between Mutual Fund Distributors (MFDs) and investors. In particular, SEBI has found that certain clauses in these agreements provide undue indemnification to distributors, effectively shifting the burden of responsibility onto the investor, …
