HSBC India, a part of the global HSBC Group, has been operating since 1853 and is headquartered in Mumbai. It offers a wide range of services, including retail banking, wealth management, corporate banking, global banking, commercial banking for SMEs, and private banking for high-net-worth individuals. Approval from RBI HSBC India announced on January 17, 2025, …
The Nifty Smallcap 100 Index is a benchmark designed to mirror the behaviour and performance of the small-cap segment within the Indian financial market. Comprising 100 tradable stocks listed on the National Stock Exchange (NSE), this index serves as a significant indicator of small-cap market trends and investor sentiment. Recent Performance of the Index As …
On January 20, 2025, at 12:33 PM, the Nifty Bank Index witnessed a sharp surge, rising by over 800 points or 1.69%, marking its most significant single-day rally since November 25, 2024. Out of the 12 constituent stocks, 11 traded in the green, reflecting a robust advance-decline ratio for the day. Despite the strong rally …
The NSE benchmark index, Nifty50, started the trading session on January 20, 2025, on a positive footing. However, volatility soon gripped the market, causing the index to briefly slip below the crucial 23,200 mark. Despite this, the index rebounded in mid-session trades to hover above the 23,300 level, registering a 0.61% gain. The volatility gauge, …
Quick commerce platforms such as Zomato’s Blinkit, Swiggy’s Instamart, and Zepto have reported sharp increases in their gross order value (GOV). Zepto’s annualised GOV reached $3 billion (₹24,500 crore) in January 2025, tripling within 8 months. In April 2024, Zepto’s annualised GOV stood at $1 billion, according to reports. Zomato share price stands at ₹252.85, …
The 111th meeting of the Executive Committee (EC) of the Central Board of Trustees, Employees’ Provident Fund (EPF), was held on January 18, 2025 at the EPFO Head Office, New Delhi. Chaired by Ms Sumita Dawra, Secretary of the Ministry of Labour and Employment, the meeting witnessed the participation of senior officials from the ministry, …
On January 17, 2025, the Sensex ended its 3-day winning streak, closing 403.24 points (0.52%) lower at 76,639.58. During the day, the index moved between a high of 77,069.19 and a low of 76,263.29. The NSE Nifty50 also ended in the red, dropping 108.60 points (0.47%) to close at 23,203.20. The index hit a high …
On Thursday, January 16, the Reserve Bank of India (RBI) announced that it is currently reviewing Tata Sons’ request for de-registration as a non-banking financial company (NBFC). This review does not impact its classification in the upper layer of NBFCs. The RBI’s statement indicates that Tata Sons could still have an opportunity to avoid the …
India’s capital markets regulator, the Securities and Exchange Board of India (SEBI) is encouraging fund houses to promote monthly investments as low as ₹250 (approximately $3) in order to broaden the reach of equity investing in the world’s most populous country. The Securities and Exchange Board of India (SEBI) is planning to simplify customer identification …
On January 16, 2025, SEBI organised India’s Securities Market Tech Stack in Mumbai, which showcased India’s tech journey in the Securities Market. The release by SEBI stated that India’s Securities Market has significantly grown and matured over the years, evolving in terms of people, processes, and products. SEBI has played a crucial role in enhancing …
