The FIIs as per Thursday’s data were net buyers in equity segment, while net seller in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 12569.00 crore against gross selling of Rs 12374.25 crore. Thus, FIIs stood as net buyers of Rs 194.75 crore in equities. … Read more
India's retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest rate cut by the central bank at its next policy review amid concerns around slowing growth. Retail inflation eased in November to 5.48%, lower than 6.21% in the previous month and below a 5.53% forecast by economists in a … Read more
Indian automaker Tata Motors said on Thursday it will increase prices of its commercial vehicles, including trucks and buses, by up to 2% from January. The company had previously said it would raise prices of its cars by 3% in January. WHY IT'S IMPORTANT Indian automakers are grappling with rising costs due to strong global … Read more
The Indian stock market closed lower on Thursday ahead of the CPI data as selling was seen in the media and FMCG sectors. At closing, Sensex settled at 81,289.96 down by 236.18 points, or 0.29 per cent and Nifty ended at 24,548.70 down by 93.10 points, or 0.38 per cent. According to experts, "the market … Read more
India’s retail price inflation based on the Consumer Price Index (CPI) declined to 5.48 per cent in November as the increase in prices of food items eased during the month bringing relief to household budgets, said the Ministry of Statistics on Thursday. The slowing inflation marks a reversal of the increasing trend in the previous … Read more
The gross non-performing asset (NPA) ratio of public sector banks (PSBs) declined to 3.12 per cent in September this year, from 4.97 per cent in March 2015 and from a peak of 14.58 per cent in March 2018, the Centre informed on Thursday. The Ministry of Finance said in a statement that public sector banks … Read more
The number of tax refunds has recorded a 46.31 per cent jump to Rs 3.08 lakh crore between April 1 and November 27 this year compared to the same period of 2023, marking a significant increase in the efficiency of the Income Tax Department, according to figures released by the Union Finance Ministry on Thursday. … Read more
Reliance Power is currently trading at its upper limit of Rs. 46.24, up by 2.20 points or 5.00% from its previous closing of Rs. 44.04 on the BSE. The scrip opened at Rs. 46.24 and has touched a high and low of Rs. 46.24 and Rs. 44.95 respectively. So far 5253225 shares were traded on … Read more
The Indian government sought on Thursday parliament's approval for gross additional spending of 867.3 billion rupees ($10.22 billion) in the current fiscal year, the finance ministry said. The government said the net additional spending for the current fiscal year ending March 31, would be 441.83 billion rupees, while the rest would be accommodated by reshuffling … Read more
Tata Consultancy Services is currently trading at Rs. 4468.45, up by 40.90 points or 0.92 % from its previous closing of Rs. 4427.55 on the BSE. The scrip opened at Rs. 4444.95 and has touched a high and low of Rs. 4484.95 and Rs. 4427.00 respectively. So far 67180 shares were traded on the counter. … Read more