The Indian government has allowed companies operating in sectors where foreign direct investment (FDI) is prohibited to issue bonus shares to existing foreign shareholders, provided there is no change in the shareholding pattern post-issuance. This move, announced by the Department for Promotion of Industry and Internal Trade (DPIIT), aims to clarify and facilitate operations for …
In a significant stride toward boosting India’s energy self-reliance, the Ministry of Coal has signed Coal Mine Development and Production Agreements (CMDPAs) with the successful bidders of two coal blocks, Marwatola-II and Namchik West, under the 11th round of commercial coal mining auctions. Successful Bidders and Mine Details Singhal Business Private Limited secured the Marwatola-II …
GIFT Nifty was trading 55.50 points lower (0.25%) at 22,463 as of 08:25 AM, signalling a mildly negative opening for Indian markets. On April 8, 2025, domestic equities saw a sharp rebound, with the NSE Nifty closing at 22,535.85, up 374.25 points or 1.69%. The BSE Sensex rose 1,089.18 points or 1.49% to end at …
On April 8, 2025, the BSE Sensex was up by 1.49%, closing at 74,227.08, while the Nifty50 was up by 1.69% at 22,535.85. Here are the top gainers and losers for the day: Top Gainers of the Day Symbol LTP Change (%) JIOFIN 225.49 5.61 SHRIRAMFIN 646.00 5.21 BEL 282.15 3.69 ADANIENT 2,288.95 3.45 CIPLA …
After a sharp decline on Monday, the Indian stock market saw strong buying interest on Tuesday morning. The Nifty 50 index opened higher at 22,446 and quickly climbed to an intraday high of 22,577, gaining 1.88%. Similarly, the BSE Sensex opened at 74,013 and touched 74,421, recording an intraday gain of 1.75%. The Bank Nifty …
Indian stock markets traded higher on Tuesday, supported by stability in other Asian markets. Investors also remained focused on upcoming economic data and the RBI’s monetary policy decision. By 3 PM, the BSE Sensex rose 1,139.52 points (1.56%) to 74,277.42, while the Nifty 50 climbed 370.95 points (1.67%) to 22,532.55. Mid-cap and small-cap stocks also …
In a major step towards inclusive healthcare, Delhi has officially become the 35th state or union territory to implement the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY). This landmark decision was formalised with the signing of a Memorandum of Understanding (MoU) between the National Health Authority (NHA) and the Government of NCT of …
India has made a significant leap in renewable energy, becoming the world’s third-largest producer of wind and solar electricity in 2024, as per the sixth edition of Ember’s Global Electricity Review. This milestone places India ahead of Germany, a long-standing leader in clean energy, marking a pivotal moment in the global shift towards sustainable electricity …
According to a media report, in a significant development for India’s state-owned telecom sector, the Department of Telecommunications (DoT) has allocated ₹61,000 crore worth of 5G spectrum to Bharat Sanchar Nigam Limited (BSNL). This allocation includes both premium 700MHz and mid-band 3300MHz spectrum, positioning BSNL to join the 5G race alongside private operators. This move …
What Are Sovereign Gold Bonds? Sovereign Gold Bonds (SGBs) are government-backed securities issued by the Reserve Bank of India (RBI) on behalf of the Government of India. These bonds are denominated in grams of gold and serve as an alternative to holding physical gold. Investors benefit not only from the potential appreciation in gold prices …
