Ethanol blending in petrol under India’s Ethanol Blending Programme (EBP) has achieved record-breaking levels during the ongoing Ethanol Supply Year (ESY) 2024-25. The government’s focus on increasing ethanol usage marks a significant step towards reducing dependency on imported fuels. Record-Breaking Ethanol Blending in ESY 2024-25 In December 2024, ethanol blending in petrol reached an unprecedented …
The Auto Expo 2025, India’s largest automotive festival, kicked off on January 17, 2025, at Pragati Maidan in New Delhi. Running from January 17 to 22, the event has become a major platform for automakers to unveil their latest innovations, top new vehicles, and highly anticipated launches. Leading Indian automakers such as Hyundai, Maruti Suzuki, …
The benchmark equity indices ended Monday’s trading session in the positive territory. The NSE Nifty 50 jumped 141.55 points or 0.61% to settle at 23,344.75, while the BSE Sensex gained 454.11 points or 0.59% to 77,073.44. The broader indices ended in positive territory, with gains led by Mid-cap and Small-cap stocks. Banks and Financial Services …
In a pivotal move to promote the Indian Rupee (INR) in international trade, the Reserve Bank of India (RBI) introduced sweeping changes to the Foreign Exchange Management Act (FEMA), in 1999. These reforms aim to elevate the INR’s global standing, reduce reliance on major foreign currencies like the US Dollar, and bolster India’s trade and …
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, …
