A blend of global and domestic factors will influence the stock market outlook for next week. On the global front, particularly the performance of US markets and the Fed's monetary policy decisions will play a significant role; and domestic economic indicators like GDP growth, FIIs and inflation will shape market sentiment. Last week, Indian stock … Read more
More than 21 crore people have benefited under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) scheme that provides life insurance coverage, said the Ministry of Finance. The PMJJBY, launched in May 2015 is a term life insurance plan. Under this scheme, in case of death due to any reason, the family of the insured … Read more
The gross non-performing asset (NPA) ratio for scheduled commercial banks (SCBs) have improved significantly with a reduction to 2.67 per cent in June 2024 from 11.18 per cent in March 2018, according to the government. Moreover, SCBs recorded highest-ever aggregate net profit of Rs 23.50 lakh crore in FY2023-24, against net profit of Rs 22.63 … Read more
Sardar Vallabhbhai Patel International Airport (SVPIA), managed by Adani Airport Holdings Limited (AAHL), has won the prestigious Certificate of Merit at the 'National Energy Conservation Awards 2024' (NECA 2024), making it the only airport in India to receive this coveted award, it was announced on Saturday. AAHL, a subsidiary of Adani Enterprises Ltd, has been … Read more
Tech giant Apple’s chipset shipments increased to 18 per cent globally in the third quarter this year (from 13 per cent in Q2 2024), due to the launch of its A18 chipset. According to a Counterpoint Research report, the Cupertino (California)-based tech giant recently launched two chipsets – A18 and A18 Pro. The iPhone 16 … Read more
The country’s space economy is set to increase threefold in the next 10 years, Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, said on Saturday. Addressing a media event in the national capital, the minister said that India’s space, marine and Himalayan resources, which remained inadequately explored before Prime Minister … Read more
The Unified Payments Interface (UPI) has achieved 15,547 crore transactions worth Rs 223 lakh crore from January to November this year, ‘showcasing its transformative impact on financial transactions’ in India, the Finance Ministry said on Saturday. The Finance Ministry also said that UPI is now accepted in seven countries including France, UAE, Singapore, Sri Lanka, … Read more
In a significant week for the Indian startup ecosystem, nearly 40 startups secured more than $787 million in funding as the economy remained resilient amid the geo-political conditions. These deals included 16 growth-stage deals and 23 early-stage ones. This is a massive jump from $250 million raised cumulatively across 18 deals last week. Cloud kitchen … Read more
CPI inflation is likely to average 4.8 per cent with an upward bias for the full financial year 2024-25 as evolving food prices play a key role, according to an SBI report. “With continuous moderation in fuel prices (fuel and light inflation is in negative territory for the last 15 consecutive months), inflation is currently … Read more
The foreign institutional investors’ (FIIs) buying continued through Indian stock exchanges this month to reach Rs 14,435 crore (till December 13), as the economic growth stayed resilient. The total buy figure from the FIIs — including the exchange buying and buying through the ‘primary market and others category’ — stood at Rs 22,765 crore (till … Read more