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Sensex tumbles 334 points; Nifty drops below 15,650
The 30-share BSE index ended 333.93 points or 0.64 per cent lower at 51,941.64. Similarly, the broader NSE Nifty slumped 104.75 points or 0.67 per cent to 15,635.35. -
Bank Holidays April 2024: Check City-Wise List Of Days When Bank Branches Will Remain Closed Next Month
As per RBI holidays calendar list, bank branches will remain closed for upto 15 days in April 2024.
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Foreign investors inject Rs 2 lakh crore into equities in FY24
Foreign investors have surged with optimism, injecting over Rs 2 lakh crore into Indian equities in FY 2023-24. Experts express cautious optimism for continued Foreign Portfolio Investment (FPI) inflows. Factors driving investments include India's strong economic fundamentals amidst global challenges. Market resilience and strategic planning are emphasized for navigating fluctuations. -
Mutual Fund Investors ALERT! One Needs To Do THIS By March 31 To Avoid Transaction Blocks
Investors whose KYC is not based on any officially valid documents must complete their KYC again before March 31. -
ICICI Securities' Head Of Retail Distribution Kedar Deshpande Resigns
ICICI Securities had on Thursday informed the stock exchanges that about 72 per cent of its shareholders voted in favour of delisting. -
Adani Green Energy commence 775MW solar projects in Gujarat
Adani Green Energy has officially launched its 775 MW solar power projects in Khavda, Gujarat, after obtaining all necessary clearances. The projects were activated through its subsidiaries, making AGEL the largest renewable portfolio operator in India, covering 12 states. Plant operations commenced at 00:12 am on March 29, 2024. -
Skoda Superb To Make A Comeback In India On April 3? What Do We Know So Far
The upcoming Skoda Superb is expected to arrive as a fully-imported CBU (Completely Built Unit) model.
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Government e-Market portal crosses Rs 4 lakh crore procurement milestone this fiscal year
The Government e-Market (GeM) portal has surpassed Rs 4 lakh crore in procurement this fiscal year. CEO P K Singh highlighted increased buying activities by ministries. GeM, launched in 2016, facilitated online purchases for central government entities, with services procurement surging to Rs 2.05 lakh crore and goods worth Rs 1.95 lakh crore. -
Byju’s EGM On Rights Issue Ends Sans Objections, Dissenting Investors Skip Meet
The meeting saw about 20 investor representatives in attendance, along with Think & Learn management, the parent company of Byju’s. -
RBI Suspends Rs 2,000 Banknote Exchange And Deposit Facility On April 1
Since May 19, 2023, the exchange of Rs 2,000 banknotes has been available at the 19 RBI issue offices. -
Xiaomi's First EV Sedan SU7 Launched: Check Features, Specifications, Price
The Xiaomi's First EV Seadan SU7 is a full-size sedan measuring 5 meters in length, and 2 meters in width, with a wheelbase of 3 meters. -
Xiaomi's First EV Sedan SU7 Launched: Check Features, Specifications And Other Details
The Xiaomi's First EV Seadan SU7 is a full-size sedan measuring 5 meters in length, and 2 meters in width, with a wheelbase of 3 meters. -
Suzuki Launches V-Strom 800DE At Rs 10.30 lakh: Check Features, Design, And Other Details
Suzuki V-Strom 800DE features a 5-inch full-color TFT display with automatic day/night modes. -
Centre Issues Order On Wheat Stock Declaration By Traders To Keep Prices In Check
The order states that the Wheat Stock Limit is expiring on March 31 for all categories of entities in states and UTs. -
Agency Banks To Open This Sunday: Check What It Is, How They Operate & Full List
The banking regulatory authority has directed all agency banks to keep their designated branches open for over-the-counter transactions related to government operations. -
Sam Bankman-Fried: Once Among America's Wealthiest, Now Facing 25 Years Behind Bars -- Read All About Former Crytpo Mogul
Sam Bankman-Fried, was sentenced to 25 years in jail yesterday. Read on further to find out his journey to date. -
Tech Can Play Big Role In Agri, Education, Health: PM Modi In Interaction With Bill Gates
In an interaction with philanthropist and Microsoft co-founder Bill Gates, Modi said he used to hear of digital divide in the world and had decided that he will not allow this to happen in India. -
S&P 500 records best first quarter since 2019 going into Easter break
The stock market has been on a nearly unstoppable run since late October, and the S&P 500 just capped its fifth straight winning month. It’s leaped as the US economy has remained remarkably solid despite high interest rates meant to get inflation under control. And with inflation hopefully still cooling from its peak, the Federal Reserve has indicated it will likely cut interest rates several times later this year. -
Crypto Mogul Sam Bankman-Fried Sentenced To 25 Years In Prison --How Did The Biz Collapse? Explained
Bankman-Fried was convicted in November 2023 of two counts of wire fraud conspiracy, two counts of wire fraud, one count of conspiracy to commit money laundering, conspiracy to commit commodities fraud and conspiracy to commit securities fraud. -
Young Indians more likely to be jobless if they’re educated
A recent International Labour Organization (ILO) report highlights a significant unemployment issue in India, particularly among the youth and educated demographic. The report revealed that the jobless rate for graduates stood at 29.1%, which is nearly nine times the 3.4% unemployment rate for individuals who are illiterate. Furthermore, young people possessing secondary or higher education faced an unemployment rate six times higher, at 18.4%. -
Smooth start for world's fastest stock settlement
The launch of the fastest stock trading and settlement system in the world on BSE and NSE saw collaboration between various entities for the T+0 settlement system. Sundararaman Ramamurthy emphasizes market efficiency and unique investors' participation. -
LVMH-backed fund forms JV with ex-HUL chief Mehta
LVMH-backed L Catterton and Sanjiv Mehta partner to launch an India investment platform. Mehta's consumer business expertise aids in targeting $25-150 million investments. Collaborations with local fund managers and insights from HUL's growth drive strategy. -
NCLT refuses to stay Byju's EGM on rights issue
NCLT refused stay on Byju's EGM for $200M rights issue. Need 50% votes to raise share capital. Cash crunch causing salary delays. Court-approved fund stay. Investors: Prosus, Peak XV Partners, General Atlantic, Sofina. Funds escrowed. Allegations of fund siphoning under investigation. -
Fallen 32-yr-old crypto mogul SBF sentenced to 25 yrs in prison in US
Sam Bankman-Fried, the crypto leader, faced jail for fraud after building FTX and amassing wealth rapidly. He engaged in charity and risky financial moves, making headlines for his rise and fall. -
ICICI, I-Sec merger gets investor nod despite woes
ICICI Securities to be ICICI Bank's wholly-owned subsidiary with 75% stake. Public holds 25%. Institutional investors support. Delisting planned. Shareholders swap 67 ICICI Bank shares for every 100 in I-Sec. Concerns over discount broking firms dominance. -
Adani family pours Rs 6.7k crore into Ambuja
Billionaire Adani Group, led by Gautam Adani, invested Rs 6,661 crore in Ambuja Cements, raising stake to 66.7%. The move aims to enhance growth plans and capitalize on market opportunities. Gautam Adani's strategic investments reflect long-term value creation and industry leadership. CEO Ajay Kapur reaffirmed commitment to sustainable stakeholder value. -
Foreign fraudsters swipe Axis cards
Axis Bank customers faced fraudulent transactions with international merchants due to 'BIN attack'. No breach detected. Cybercriminals use BIN attacks to generate valid credit card numbers. Customers have chargeback rights for e-commerce transactions. -
Investor wealth surges $1.6 trillion in FY24, biggest rise in a year
Indian investors saw a significant rise in wealth in FY 2024, with BSE market cap soaring. Despite global challenges, India's market showed resilience, attracting foreign investments and outperforming expectations. -
Core sector growth hits 3-month high of 6.7% in February
Feb core sector growth reached a three-month high, led by three segments with the fertiliser sector contracting. Fiscal deficit hit 86.5% of the full-year target in Feb, impacting revenue and expenditure. Net tax revenues rose by 7% in April-Feb FY2024. -
Power pact: Ambani takes 26% in Adani's MP project
Mukesh Ambani's Reliance to buy 26% in Adani's Mahan Energen unit, sourcing 500MW. The deal ensures exclusive power arrangement for 20 years. Adani and Ambani, industry rivals, venture into a strategic power agreement with undisclosed usage plans.
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