India's economy slowed much more than expected in July-September, expanding by only 5.4% year-on-year as growth in manufacturing and consumption decelerated, data showed on Friday. It was the slowest growth in gross domestic product in seven quarters and well below a 6.5% expansion projected by a Reuters poll and the central bank's estimate of 7%. … Read more
The Indian stock market closed in green on Friday as both the equity benchmark indices Sensex and Nifty witnessed a strong rally. With this strong comeback of the indices, the market recovered from the previous session's sell-off due to F&O (futures and options) expiry. Sensex closed at 79,802.79 after a gain of 759.05 points or … Read more
Union Finance Minister Nirmala Sitharaman arrived in Patna on Friday for a two-day visit with the aim to focus on boosting rural banking, entrepreneurship, and financial inclusion in the eastern region. FM Sitharaman will assess the financial performance of eight rural banks from the eastern zone in Patna. The banks involved include representatives from Bihar … Read more
Mufin Green Finance is currently trading at Rs. 121.40, up by 0.65 points or 0.54% from its previous closing of Rs. 120.75 on the BSE. The scrip opened at Rs. 120.70 and has touched a high and low of Rs. 122.70 and Rs. 120.05 respectively. So far 14027 shares were traded on the counter. The … Read more
The Ministry of Petroleum & Natural Gas in its latest notification has said that government has been taking various steps to ensure fair and reasonable prices for consumers. Domestically, Petrol and Diesel prices have come down from Rs 110.04 and Rs 98.42 per litre in November 2021 to Rs 94.77 and Rs 87.67 per litre … Read more
NCC is currently trading at Rs. 307.55, up by 4.60 points or 1.52% from its previous closing of Rs. 302.95 on the BSE. The scrip opened at Rs. 310.60 and has touched a high and low of Rs. 318.00 and Rs. 305.25 respectively. So far 277927 shares were traded on the counter. The BSE group … Read more
Physical gold premiums were steady in India, as a rise in demand from this week's price correction was later countered by higher rates, while demand in other major Asian hubs and top consumer China remained subdued. Bullion prices in India rose to 76,504 rupees per 10 grams on Friday, up from 74,852 rupees earlier this … Read more
India's economy is expected to have slowed in the July-September quarter, growing at the slowest pace in 18 months, weighed down by weak urban consumption following a rise in food prices despite an increase in government spending. A Reuters poll of economists projected GDP growth of 6.5% year-on-year for the three months through September, below … Read more
Indian rupee weakened against the US dollar on Friday, weighed down by significant foreign fund outflows from the Indian capital market, while dollar demand from importers and foreign banks also kept rupee under pressure. Foreign Institutional Investors offloaded Rs 11,756.25 crore in the capital markets on net basis on Thursday, exchange data showed. Investors are … Read more
India's central bank was likely selling U.S. dollars on Friday to support the rupee near a key psychological support level of 84.50, four traders told Reuters. The rupee was at 84.49 as of 9:15 a.m. IST, compared to its previous close at 84.4850. State-run banks were spotted offering dollars near 84.50, levels, most likely on … Read more