The Nifty Bank Index, which tracks the performance of the most liquid and large Indian banking stocks, started Monday’s session on a weak note, slipping below the previous session’s low. However, buying support at lower levels led to a sharp recovery, with the index gaining over 750 points from the day’s low to close in …
The NSE benchmark Nifty50 index opened on a weak note, slipping further to touch a fresh 8-month low. However, as the trading session progressed, the index saw a sharp recovery of over 220 points, reclaiming the 22,950 mark. This intraday rebound signalled strong buying interest at lower levels, preventing further downside pressure. Market Breadth: Majority …
From February 17, 2025, the National Payments Corporation of India (NPCI) has introduced new rules for FASTag users, as per the reports. These changes focus on blacklisted FASTags, transaction delays, and chargeback policies. Here’s what you need to know. Blacklisted FASTags: Payments Will Be Declined If a FASTag is blacklisted at the time of scanning, …
Bharat Sanchar Nigam Limited (BSNL) has reported a profit of ₹262 crore in the third quarter of the financial year, marking its first return to profitability since 2007. This milestone highlights the company’s strategic focus on innovation, network expansion, cost optimisation, and customer-centric service enhancements. Announcing the financial results, BSNL’s Chairman and Managing Director, Shri …
India’s smartphone exports reached an all-time high of ₹25,000 crore ($3.14 billion) in January 2025, surpassing the total exports of FY21. This marks a staggering 140% year-on-year increase from ₹11,373 crore ($1.31 billion) recorded in January 2024. Union Minister of Information & Broadcasting, Railways, Electronics & IT, Mr Ashwini Vaishnaw, projected that smartphone exports in …
The Indian government has increased the base import price of gold and silver in response to rising global prices. According to a notification from the Central Board of Indirect Taxes and Customs (CBIC) issued on February 14, the base price of gold has been raised by $41 per 10 grams to $938, while the base …
The Indian stock market remained under pressure as the BSE Sensex slipped by 0.30% or 222 points, trading near 75,700 by midday on February 17, 2025. The benchmark index opened lower and extended its decline, falling below the previous session’s low. However, partial recovery was seen from the day’s lows, led by HDFC Bank and …
According to news reports, the Reserve Bank of India (RBI) is set to inject over $16 billion into the banking system next week to counterbalance large outflows due to tax payments. The central bank has significantly increased its liquidity infusion through government securities purchases and other measures to ensure sufficient market liquidity. Increased Government Securities …
The Securities and Exchange Board of India (SEBI) has modified the timelines for issuing Consolidated Account Statements (CAS) to improve compliance efficiency. As per a circular issued on Friday, depositories will now have revised deadlines for dispatching CAS, with changes affecting both monthly and half-yearly statements. Updated Deadlines for Monthly CAS Under the new framework, …
The European Union (EU) and the Ministry of Textiles have jointly launched seven projects to enhance India’s textile and handicraft sector. Announced at Bharat Tex, these initiatives aim to promote sustainability, economic empowerment, and resource efficiency across nine states in India. EU’s Funding and Sustainable Growth The projects, backed by an EU grant of EUR …
