China has announced a 7.2% increase in its annual defence budget, raising its official military expenditure to over $245 billion. This development, revealed during the National People’s Congress, underscores Beijing’s focus on expanding its military strength amid growing geopolitical tensions. Despite maintaining the same percentage increase as the previous year, experts argue that China’s actual …
Mumbai, March 7 (IANS) The Securities and Exchange Board of India (SEBI) has issued an administrative warning to FMCG major Nestle India for violating insider trading regulations, the company informed exchanges on Friday. The warning, issued by the SEBI’s Deputy General Manager, was sent to the company’s Compliance Officer (CCO). Nestle India disclosed in a …
The week ended March 7, 2025, saw the Indian stock market end flat, whereby Nifty 50 ended up, 0.03% to 22,552.50, while BSE Sensex was down 0.01% to 74,332.58. Nifty 50 and BSE Sensex closed 3 sessions in red during the week. Roundup of Major News This Week India’s GST collection rose 9.1% YoY to …
The increasing presence of women as entrepreneurs is contributing significantly to India’s economic growth. Women-owned enterprises are creating employment opportunities, driving innovation, and inspiring the next generation of business leaders. To support and empower women in business, various government schemes provide financial aid, skill development, and business-friendly policies. This article highlights key government schemes designed …
On March 7, 2025, the BSE Sensex ended in the red, closing at 74,332.58, down by 0.01%, and the NSE Nifty50 closed in green at 22,552.50, up by 0.03%. Sectoral Performance On Friday, Nifty Realty, Nifty Consumer Durables and Nifty IT ended in the red. Nifty Media, Nifty Oil & Gas and Nifty Metal ended …
India’s Alternative Investment Funds (AIFs) market has seen substantial growth, with total commitments reaching ₹13,00,000 crore (US$ 149.25 billion) as of December 2024. This represents a 5% quarter-on-quarter (QoQ) increase, reflecting a sustained appetite among investors, particularly High-Net-Worth Individuals (HNIs) and institutional players. According to the Securities and Exchange Board of India (SEBI), AIFs raised …
In a significant move towards improving tax compliance, the Central Board of Direct Taxes (CBDT) launched a compliance-cum-awareness campaign in November 2024. The initiative encouraged taxpayers to disclose their foreign assets and income in their revised income tax returns (ITRs). According to a recent report, this effort resulted in 30,161 taxpayers voluntarily declaring foreign assets …
HDFC Mutual Fund has launched the HDFC Nifty Top 20 Equal Weight Index Fund, an open-ended index fund that tracks the Nifty Top 20 Equal Weight Index (TRI). The fund follows a passive investment strategy, aiming to generate returns in line with the index while maintaining equal weightage across the 20 stocks. NFO Details The …
India bets big on developing indigenous AI, empowering local innovation New Delhi, March 7 (IANS) As artificial intelligence (AI) becomes all-pervasive in our lives, the government has launched several key initiatives under the IndiaAI Mission, marking a major milestone in India’s journey towards developing responsible and ethical technology. The initiatives include AIKosha: IndiaAI Datasets Platform, …
On March 14, 2025, India’s major stock exchanges, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will be closed in observance of the Holi Festival, suspending all trading activities for the day. Holi Stock Market Holiday As per the NSE & BSE Holiday Calendar, there will be no trading activity on the …
