Gold loan market projected to double in 5 years to `14.19 lakh crore: PwC India
India’s organised gold loan market is projected to double in next five years to Rs 14.19 lakh crore despite expected moderation in growth due to stricter regulations, said a PwC India report. In fiscal 2023-24, the organised gold loan market demonstrated substantial growth, reaching a valuation of Rs 7.1 lakh crore,...
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Sensex rises 147 points, Nifty ends above 24,800 on firm global trend
23 August 2024 | PTI -
Expect scooter segment to account for over 40% of two-wheeler sales, says TVS Motor
23 August 2024 | PTI -
Rupee falls 4 paise to close at 83.94 against US dollar
23 August 2024 | PTI -
India sustains growth momentum
23 August 2024 | PTI -
Adopt more supportive, empathetic approach towards MSMEs: RBI dy guv Swaminathan to lenders
22 August 2024 | PTI -
IREDA shares surge over 10 pc on Rs 4,500-cr fundraising plan
22 August 2024 | PTI -
Tata Motors ties up with two firms to expand charging infra for electric CVs
21 August 2024 | PTI
Markets decline in early trade on weak trends from Asian peers, foreign fund outflows
Equity benchmark indices Sensex and Nifty declined in early trade on Wednesday amid continuous foreign fund outflows, weak trends from Asian markets and selling in banking stocks. The 30-share BSE Sensex declined 138.58 points or 0.17 per cent to 80,664.28 in early trade. The NSE Nifty snapped its four-day rally and...
Indian firms to spend USD 45-50 bn in capex over 1-2 years, RIL to lead: Moody’s
Moody’s Ratings on Tuesday said rated Indian companies will spend USD 45-50 billion annually over the next 1-2 years towards capex as companies boost capacity, with the country’s most valued firm Reliance Industries alone accounting for 30 per cent of the spendings. Investments to increase vertical integration and achieve net zero...
Almost 2,000 registrations issued under India Handloom Brand so far: Govt
About 2,000 registrations have been issued under the ‘India Handloom’ Brand for 184 product categories, the government said on Tuesday. The ‘India Handloom’ Brand was launched on August 7, 2015, on the occasion of the National Handloom Day, to brand high-quality handloom products with zero defects and no ill-effects on...
India a priority market; seeing digital demand across new sectors: Adobe
India is a high-performing market for Adobe in Asia-Pacific region and among the fastest-growing globally, Adobe India Vice-President and Managing Director, Prativa Mohapatra has said, adding that momentum on productivity, creativity and personalisation are driving digital opportunities across new sectors. In an interview to PTI, Mohapatra said India is a big...
Abandoning RBI’s inflation target regime could be risky, counterproductive: Research paper
The Reserve Bank of India’s (RBI’s) inflation targeting regime has worked well and need not be abandoned in favour of a more discretionary regime that could be risky and counterproductive, a new research paper has said. The paper titled ‘Inflation Targeting In India: A Further Assessment’ said the weight of food-price...
Rupee rises 8 paise to 83.79 against US dollar
The Indian rupee stayed firm for the second straight session and settled 8 paise higher at 83.79 (provisional) against the US dollar on Tuesday, buoyed by positive domestic equity markets, weak American currency and lower crude oil prices. Forex traders said, foreign fund outflow, however, resisted a sharp rise in the...
Note floated to seek distinction between online game of skill, game of chance for FDI: Official
The department for promotion of industry and internal trade (DPIIT) has circulated a note seeking views of different ministries on distinguishing between online ‘Game of Skill’ and ‘Game of Chance’ for the purpose of FDI, a senior official said. The official said that a clear distinction between the two is necessary...
