Govt to sell tomatoes at Rs 40 per kg from Aug 20
New Delhi, Aug 18 (SocialNews.XYZ) The government will sell tomatoes at Rs 40 per kg from August 20 onwards with an aim to further cool down its prices. NAFED and NCCF have been directed by…
Economy
Economic activity in July signals slowest growth in 18 months
New Delhi, Aug 18 (SocialNews.XYZ) The index of economic activity (CEM) grew at a subdued pace of 1 per cent in July compared with 5.7 per cent a month ago, as per the CareEdge Ratings…
Nifty declines for fourth consecutive week
New Delhi, Aug 18 (SocialNews.XYZ) Nifty posted its fourth straight weekly loss on Friday, as it fell for the second consecutive day, dropping 55.10 points, or 0.28 per cent, to settle at 19,310. The index…
Benchmark indices end in red on the back of profit taking in IT, PSU stocks
Mumbai, August 18 (SocialNews.XYZ) Benchmark indices ended in the red on Friday on the back of profit taking seen in IT stocks as well as PSU stocks, said S. Ranganathan, Head of Research at LKP Securities….
Jio Financial Services to be listed on stock exchanges on Monday
New Delhi, Aug 18 (SocialNews.XYZ) BSE has informed trading members of the Exchange that effective from Monday (August 21), the equity shares of Jio Financial Services Ltd (formerly known as Reliance Strategic Investments Limited) shall…
Zomato’s stock likely to be volatile on speculation around possible exits by some pre-IPO shareholders
New Delhi, Aug 18 (SocialNews.XYZ) Zomato’s stock is likely to be volatile in the near term on account of market speculation around possible exits by some pre-IPO shareholders (VC/PE/Chinese investors) of the company as well…
Sensex falls below 65K mark
New Delhi, Aug 18 (SocialNews.XYZ) BSE Sensex has fallen below the 65,000 points mark and is trading down 291 points on Friday morning. BSE Sensex is trading at 64,859 points. IT stocks are leading the…
Economy gathering momentum in Q2: RBI
New Delhi, Aug 17 (SocialNews.XYZ) With industrial production and trade weakening, the global recovery is slowing after a robust first quarter performance, but the Indian economy is gathering momentum in the second quarter of 2023-24,…
RBI launches website to help locate unclaimed deposits across multiple banks
New Delhi, Aug 17 (SocialNews.XYZ) Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday launched a centralised web portal UDGAM (Unclaimed Deposits – Gateway to Access inforMation), which would make it easier for people…
Rupee at 10-month low adds to selling pressure in stock market
New Delhi, Aug 17 (SocialNews.XYZ) Adding to the negative sentiment in stock markets, the rupee depreciated to near a 10-month low at 83.14, while the FII outflow of almost of Rs 10,000 crore in August so…
Punjab signs power purchase agreement of 1,200 MW with SJVN
Chandigarh, Aug 17 (SocialNews.XYZ) Punjab Chief Minister Bhagwant Mann on Thursday said the state government has signed a power purchase agreement of 1,200 MW with Sutlej Jal Vidyut Nigam (SJVN). He said that PSPCL had…
Analyst firms raise ITC share’s target price to Rs 525 following robust Q1 results and approval of hotel business demerger
New Delhi, Aug 17 (SocialNews.XYZ) After a robust performance in Q1 of FY24 and the approval of the demerger of the hotels business by ITC, analyst firms have provided an optimistic and positive outlook. The conglomerate’s…
Indian banks may see a decline in their earnings as net interest margins stop rising
New Delhi, Aug 17 (SocialNews.XYZ) Indian banks may see a decline in their earnings as net interest margins (NIMs) stop rising due to the central bank’s decision to extend its pause on rate hikes, S&P Global…
NCLAT agrees to hear IDBI Bank’s appeal against Zee Entertainment
New Delhi, Aug 17 (SocialNews.XYZ) The National Company Law Appellate Tribunal (NCLAT) on Thursday agreed to hear IDBI Bank’s appeal against the National Company Law Tribunal (NCLT) order, as per media reports. The case is…
Foulath Subsidiary, Bahrain Steel, signs LOI for iron ore pellet supply to Essar Group’s KSA Green Steel Project
Manama (Bahrain) Aug 17 (SocialNews.XYZ) Foulath Subsidiary, Bahrain Steel, a leading producer, and global supplier of high-grade iron-ore pellets, has partnered with multinational conglomerate Essar Group in the supply of iron ore pellets to the…
Pralhad Joshi reviews dry fuel availability with Coal India, SCCL to cope with monsoon demand
New Delhi, Aug 17 (SocialNews.XYZ) Union Coal Minister Pralhad Joshi has undertaken a review of the availability of dry fuel during the ongoing monsoon season. He took the meeting on Wednesday with the senior officials…
FIIs unlikely to pour more money into Indian market as they did in June, July
New Delhi, Aug 17 (SocialNews.XYZ) With the dollar index at 103.5 and the US 10-year bond yield at 4.27 per cent, FIIs are unlikely to pour more money into the Indian market as they did…
Sitharaman meets JBIC governor, seeks greater investments for India
New Delhi, Aug 16 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman on Wednesday met governor of Japan Bank for International Cooperation (JBIC) Hayashi Nobumitsu, where she discussed ways with the institution to bring in more investments in…
Symbolic RBI rate hike to have adverse implications for equity markets
New Delhi, Aug 16 (SocialNews.XYZ) The extent of the jump in food inflation and other upside risks to inflation can compel the Reserve Bank of India (RBI) to go in for at least a symbolic…
Cabinet clears 7 railway projects to add 2,339 km to existing network
New Delhi, Aug 16 (SocialNews.XYZ) The Union Cabinet on Wednesday cleared seven railway projects with an estimated cost of Rs 32,500 crore, which will add 2,339 km to the existing network covering states namely Uttar…