The Nifty Waves Index was officially launched at the World Audio Visual & Entertainment Summit (WAVES) in Mumbai. The event, inaugurated by the Hon’ble Prime Minister Shri Narendra Modi and hosted by the Ministry of Information and Broadcasting, saw the Chief Minister of Maharashtra, Shri Devendra Fadnavis, unveil this sector-specific index. Designed to reflect the …
The Federation of Automotive Dealers Associations (FADA) reported a 2.95% year-on-year rise in India’s overall automobile retail sales for April 2025, with total sales reaching 22,87,952 units. This modest growth was largely driven by seasonal buying during key festivals such as Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi, and Vishu, which provided a lift …
The Reserve Bank of India (RBI) has officially announced the final redemption price for the Sovereign Gold Bond (SGB) 2017-18 Series I. The bonds, issued in May 2017, are scheduled to mature on May 9, 2025, marking the completion of their 8-year tenor. As per RBI’s press release dated May 2, 2025, the final redemption …
According to a Financial Express news report, India and Saudi Arabia are exploring deeper economic collaboration, with the spotlight now on incentivising long-term foreign investments. During Prime Minister Narendra Modi’s recent visit to Riyadh, key discussions centred around Saudi Arabia’s ambitious plan to invest up to $100 billion in India. These investments would span across …
In a significant move that could reshape the real estate landscape, the Supreme Court of India has directed the Central Bureau of Investigation (CBI) to initiate seven preliminary inquiries into an alleged “unholy nexus” between developers and banks in the Delhi-NCR region. This directive arose during the hearing of petitions filed by aggrieved homebuyers, many …
The Securities and Exchange Board of India (SEBI) has given the green light to a new investment structure Specialised Investment Funds (SIFs) and the move may well redefine how Indian investors interact with the mutual fund space. With flexibility that traditional mutual funds lack, SIFs are being seen by some as the “UPI moment” for …
According to a news report, Authorities in Maharashtra’s Thane district have uncovered a large-scale car rental investment scam in which at least 1,375 investors were allegedly defrauded of nearly ₹20 crore. The Mira-Bhayandar Vasai-Virar (MBVV) police arrested 2 individuals in connection with the scheme and have recovered 246 vehicles that were purchased by the victims. …
The Institute of Chartered Accountants of India (ICAI) has joined hands with the Securities and Exchange Board of India (SEBI) to intensify efforts in detecting corporate fraud. This strategic move follows the surfacing of major financial irregularities involving IndusInd Bank and Gensol Engineering, prompting both regulatory bodies to enhance oversight mechanisms and investor protection. Research …
The American film industry found itself in a state of apprehension on Sunday evening following a dramatic declaration by US President Donald Trump. In a post on Truth Social, the president announced plans to impose a 100% tariff on all films produced “in foreign lands” and brought into the United States. Framing the situation as …
The Nifty Bank Index is a crucial market benchmark that represents the performance of the most liquid and large-cap banking stocks listed on the National Stock Exchange (NSE) of India. Designed to reflect the capital market performance of Indian banks, this index is widely used by investors, fund managers, and market intermediaries for benchmarking, investment …
