The gross domestic product (GDP) estimates for financial year 2024-25 (FY25) have been maintained at 6.4 per cent, the Ministry of Statistics said on Tuesday. This is significantly lower than the 8.2 per cent GDP growth witnessed in the previous financial year 2023-24. Despite a dull first half of FY25, the ministry expected an uptick in…
DetailsCentral banks around the world collectively, in November 2024, added 53 tonnes of gold to their reserves, of which the Reserve Bank of India’s addition was 8 tonnes, the World Gold Council (WGC) said in a report on Monday. In 2024, central banks – mostly those from emerging markets – remained keen buyers of gold,…
DetailsThe Indian market collapsed in trade on Monday, January 6, 2025. The BSE Sensex slumped 1,441.49 points or 1.8 per cent and logged an intraday low at 77,781.62, similarly, the National Stock Exchange (NSE) Nifty tanked 452.85 points or 1.88 per cent to the day’s low at 23,551.90. At close, on BSE, Tata Steel, Kotak…
DetailsWhile some stocks ascend to large-cap, others are moving to mid-cap. Adani Total Gas, NHPC, IDBI Bank, Shree Cements, and others will drop from large-cap to mid-cap as thresholds rise. The mid-cap cutoff has increased to ₹33,200 crore from ₹27,500 crore in June. Hyundai Motor, Bajaj Housing Finance, Swiggy, and NTPC Green Energy are…
DetailsTata Sons Chairman N Chandrasekaran on Saturday said his company is fully committed to transforming Air India into a top-class airline, delivering exceptional service and performance on a global scale. Tata Group acquired Air India in 2022 after the government had signed a share purchase agreement with Tata Sons for the sale of Air India…
DetailsBudget 2025 holds the potential to bring much-needed relief to the economy, addressing both long-term growth and immediate concerns like inflation. As the Union Budget 2025 approaches, anticipation is building across India. With a slowing GDP and rising inflation, all eyes are on Finance Minister Nirmala Sitharaman to deliver bold strategies that will…
DetailsEquity indices Sensex and Nifty drop nearly 1% as investors sell bank and IT stocks before earnings season Benchmark stock market indices saw a volatile session as Sensex, Nifty ended the week falling nearly 1% on Friday. The major laggards that pulled the market down were shares in the IT, banking, financials and…
DetailsIn 2024, e-commerce giants Amazon and Flipkart joined the fray, while domestic players such as Myntra, Nykaa, and Reliance Retail piloted faster delivery services. Quick commerce firm saw their sales soaring to unprecedented levels in December 31. However, industry leaders anticipate a tough road ahead in 2025 as competition intensifies and market…
DetailsBuying interest in select heavyweights such as Infosys Ltd, Mahindra & Mahindra (M&M), Bajaj Finance, Maruti Suzuki India, Kotak Mahindra Bank, Reliance Industries Ltd and Bajaj Finserv lifted the indices higher. Domestic equity benchmarks rose sharply in afternoon deals on Thursday, extending their gains for the second consecutive session of calendar year 2025. The surge…
DetailsDuring the month under review, GST from domestic transactions grew 8.4 percent to Rs 1.32 lakh crore, while revenues from tax on imports rose about 4 percent to Rs 44,268 crore. During the month, refunds worth Rs 22,490 crore were issued, registering 31 percent increase over the year-ago period. The gross GST collection rose…
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