The Karnataka Legislative Assembly recently passed the Karnataka Motor Vehicles Taxation (Second Amendment) Bill on December 17, introducing an additional cess of ₹500 on private two-wheelers and ₹1,000 on private cars at the time of registration. This move, despite opposition protests, aims to support social welfare schemes for transport workers in the state. Objective of …
The Indian pharmaceutical market for FY 2023-24 is valued at USD 50 billion, with domestic consumption contributing USD 23.5 billion and exports at USD 26.5 billion. India stands as the third-largest by volume and 14th by value globally, driven by a diverse product base including generics, biologics, and vaccines. As per the National Accounts Statistics …
The NSE benchmark Nifty50 index began the week on December 9, 2024, with a cautious tone as investors grappled with political uncertainty in South Korea. However, as the session progressed, market volatility surged, causing the index to slip below the 24,600 mark. Advance-Decline Ratio Reflects Weak Market Sentiment At 10:27 AM, the Nifty50 advance-decline ratio …
The December Futures & Options (F&O) series kicks off with Friday’s trading session. The Nifty index experienced a decline of 300 points in the November series, marking its 2nd consecutive negative F&O series. This follows a steep 2,000-point drop in the October series, which came after gains of 1,064 points in September and 746 points …
Securities and Exchange Board of India has mandated that mutual funds value repo transactions on a mark-to-market basis, starting January 2025. This change aims to bring consistency and transparency to the valuation of money market and debt securities, address regulatory concerns, and protect investors. Repo Transactions to Be Marked-To-Market Previously, repo transactions with a tenor …
NSE Indices Limited launched the Nifty India Railways PSU Index, a thematic index that captures the performance of public sector undertakings (PSUs) either owned by the Ministry of Railways or catering to the Indian Railways. This new index offers investors a focused approach to capitalising on India’s railway growth story. Key Features of the Nifty …
On November 22, 2024, Indian stock market indices, the BSE Sensex rose by 2.54% to close at 79,117.11. The Nifty 50 on the other hand, grew by 2.39% closing at 23,907.25. Out of the 50 stocks in the Nifty50 index, here are the top gainers for the day: Stock Name Symbol Last Trading Price (₹) % Change State …
Quick commerce platform Zepto has successfully raised $350 million in its 3rd funding round of 2024. This latest investment round was led by Motilal Oswal Private Wealth, with participation from several prominent investors and family offices, reinforcing Zepto’s growth trajectory in the competitive Indian market. Key Investors in Zepto’s Latest Round The funding round attracted …
The Indian stock market is likely to be impacted on Friday, supported by positive trends from global markets. Asian markets are trading up, and the U.S. markets closed strongly, with the S&P 500 marking its fourth consecutive day of gains. Investors are paying close attention to comments from U.S. Federal Reserve officials ahead of the …
The Indian stock market is expected to be impacted on Thursday, influenced by weak global cues. Asian markets were trading lower, and the U.S. stock market closed mixed amid growing concerns over the Russia-Ukraine conflict. Tensions escalated after Ukraine used long-range British Storm Shadow missiles to strike Russian territory. Earlier, Ukraine had launched U.S.-made ATACMS …
