The Centre on Wednesday approved the Centralised Pension Payments System (CPPS) that will benefit more than 78 lakh people under the Employee Pension Scheme (EPS), which is part of the Employees' Provident Fund Organisation (EPFO). Dr Mansukh Mandaviya, Union Minister of Labour and Employment, said that EPS pensioners can get pension from any bank, any … Read more
Dalmia Bharat is currently trading at Rs. 1918.10, up by 4.25 points or 0.22% from its previous closing of Rs. 1913.85 on the BSE. The scrip opened at Rs. 1904.35 and has touched a high and low of Rs. 1927.70 and Rs. 1899.60 respectively. So far 5688 shares were traded on the counter. The BSE … Read more
India’s prestigious Indian Institute of Technology is steadily spreading its wings to become the new export from India. In less than a year of opening its first offshore campus in Tanzania’s Zanzibar, the institute this week opened its second in Abu Dhabi, UAE. While the Zanzibar campus was part of IIT Madras, the new campus … Read more
Relicab Cable Manufacturing is currently trading at Rs. 149.70, up by 1.30 points or 0.88% from its previous closing of Rs. 148.40 on the BSE. The scrip opened at Rs. 148.50 and has touched a high and low of Rs. 150.00 and Rs. 148.00 respectively. So far 88693 shares were traded on the counter. The … Read more
Indian rupee strengthened against the US dollar on Wednesday, supported by weakening American currency overseas and after a sharp drop in crude oil prices on tepid global demand. Moreover, strong foreign fund inflows has also supported rupee sentiments. Foreign Institutional Investors were net buyers in the capital markets on Tuesday, as they purchased shares worth … Read more
India's financial sector is growing at a rapid pace as fintech startups have grown by about five times in the past three years, according to a report. The growth has been from 2,100 in 2021 to 10,500 in 2024. JM Financial said in a report: "At present time, India has 26 fintech unicorns with an … Read more
Activity in India's dominant services sector rose at its fastest pace in five months in August as demand remained resilient amid easing inflationary pressures, a survey showed. The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, rose to 60.9 in August, up from July's 60.3 and exceeding a preliminary estimate of 60.4. … Read more
The Indian rupee was little changed on Wednesday, as a slump in oil prices and the dovish Federal Reserve outlook countered the poor risk mood. The rupee was at 83.9575 to the U.S. dollar at 10:40 a.m. IST compared with 83.9625 in the previous session. Brent crude dipped in Asia, adding to Tuesday's near 5% … Read more
The FIIs as per Tuesday's data were net buyers in both equity and debt-general limit segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 18158.61 crore against gross selling of Rs 12398.80 crore. Thus, FIIs stood as net buyers of Rs 5759.81 crore in equities. In the … Read more
Mansukh Mandaviya, Union Minister for Labour and Employment and Youth Affairs and Sports, has said that employment generation is a top priority for the government, and the Employment Linked Incentive (ELI) Scheme is a step in the right direction to achieve this goal. Government is committed to working closely with stakeholders to design a scheme … Read more