The finance ministry has said that the government has doubled the loan limit under the Pradhan Mantri Mudra Yojana (PMMY) to Rs 20 lakh to promote entrepreneurship in the country. This increase aspires to further the overall objective of the Mudra Scheme which is funding the unfunded. This enhancement is specifically beneficial to upcoming entrepreneurs … Read more
Eicher Motors is currently trading at Rs. 4623.55, up by 35.00 points or 0.76% from its previous closing of Rs. 4588.55 on the BSE. The scrip opened at Rs. 4562.05 and has touched a high and low of Rs. 4646.80 and Rs. 4535.00 respectively. So far 1993 shares were traded on the counter. The BSE … Read more
Investments in India by Swiss companies such as engineering group ABB and transport firm Kuehne+Nagel are on the rise, with a $100 billion regional trade deal expected to further open it up to businesses long geared towards China. India's appeal has already reflected a broader shift among businesses in Europe eager to balance the costs … Read more
Fintech company slice and North East Small Finance Bank (NESFB) on Monday announced a successful completion of their merger, following the shareholder and regulatory approvals. The deal is the first-of-its-kind, with a new-age finance company stepping in to rescue a licenced bank. This merger unifies the operations, assets and brand identities of both entities into … Read more
NTPC is currently trading at Rs. 402.05, up by 3.20 points or 0.80% from its previous closing of Rs. 398.85 on the BSE. The scrip opened at Rs. 398.85 and has touched a high and low of Rs. 405.95 and Rs. 398.80 respectively. So far 32938 shares were traded on the counter. The BSE group … Read more
The Indian rupee is expected to open largely unchanged on Monday, buoyed by expectations of the country's central bank yet again stepping in to negate the impact of a stronger dollar and a rise U.S. Treasury yields. The 1-month non-deliverable forward indicated that the rupee will open nearly flat from 84.08 in the previous session, … Read more
The yen sank to a three-month low on Monday as investors figured the loss of a parliamentary majority for Japan's ruling coalition in weekend elections would slow future rate rises, while the dollar headed for a monthly gain on rising U.S. yields. In the Asia session, the yen dropped 1% to 153.84 per dollar and … Read more
Gold prices fell on Monday as the U.S. dollar held firm, while investors awaited U.S. economic data for fresh insights on the Federal Reserve's monetary policy path. Spot gold fell 0.5% to $2,733.01 per ounce, as of 0232 GMT. U.S. gold futures declined 0.3% to $2,745.5. The dollar index gained 0.2%, on track for its … Read more
Oil prices tumbled more than $3 a barrel on Monday after Israel's retaliatory strike on Iran over the weekend bypassed Tehran's oil and nuclear facilities and did not disrupt energy supplies, easing geopolitical tensions in the Middle East. Both Brent and U.S. West Texas Intermediate crude futures hit their lowest levels since Oct. 1 at … Read more
The yen hit a three-month low on Monday as Japan's ruling party lost its parliamentary majority, while oil tumbled after Israel's weekend strike on Iran bypassed oil or nuclear targets. Japan's Nikkei, after initially falling, rose 1.6% and the yen slipped as far as 0.5% to 153.3 per dollar following the ruling Liberal Democratic Party's … Read more