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Economy

August 12, 2024 7:17 PM

Retail Inflation Drops to Five-Year Low of 3.54% in July, Below RBI’s Target

Retail inflation in India saw a significant decline in July, hitting a five-year low of 3.54%, according to data released by the Ministry of Statistics and Programme Implementation. This sharp decrease brings the inflation rate well below the Reserve...

August 12, 2024 5:34 PM

Sensex, Nifty end flat amid volatility

Indian benchmark indices closed largely unchanged after a highly volatile trading session on Monday. The Sensex closed 56.99 points lower, or 0.07%, at 79,648.92, while the Nifty declined by 20.50 points, or 0.08%, to settle at 24,347.00. Market bre...

August 11, 2024 2:26 PM

Adani Group rejects Hindenburg’s new allegations, accuses US short seller of manipulation

The Adani Group has condemned the latest allegations by Hindenburg Research as "malicious, mischievous, and manipulative" distortions of publicly available information. According to a spokesperson, the allegations are designed to reach pre-determined...

August 10, 2024 7:18 PM

In FY24, 272 companies went public as compared to 164 in FY23: SEBI

India's Initial Public Offering (IPO) market witnessed a resurgence in 2024, with a total of 272 companies going public compared to 164 during the previous fiscal year, highlights a report by SEBI. The market regulator SEBI stated that upbeat s...

August 9, 2024 8:22 PM

India reaches milestone with completion of 32 projects under PLI scheme

The Ministry of Chemicals and Fertilizers announced a significant achievement on Friday with the successful completion of 32 projects under the Production Linked Incentive (PLI) Scheme. This initiative is designed to bolster domestic production of cr...

August 9, 2024 4:17 PM

Indian indices rebound: Sensex jumps 820 points, Nifty above 24,350

The Indian equity markets made a strong recovery on August 9, erasing the losses from the previous session, as buying activity intensified across all sectors. The benchmark indices, Sensex and Nifty, both recorded a 1.04% gain by the close of trading...

August 8, 2024 6:33 PM

Jal Jeevan Mission Brings Tap Water to Over 15 Crore Rural Households

The Government of India, in partnership with the states, is implementing the Jal Jeevan Mission (JJM) – Har Ghar Jal to provide potable tap water to every rural household in the country. According to the latest data, as of August 5, 2024, more tha...

August 8, 2024 5:33 PM

Sensex and Nifty dip as RBI maintains unchanged repo rate at 6.5%

Indian equity markets closed on a weak note following the Reserve Bank of India's (RBI) decision to keep the policy repo rate unchanged at 6.5%. The benchmark indices opened lower and continued to trade in negative territory throughout the day. The ...

August 8, 2024 5:35 PM

RBI increases UPI payment limit from Rs 1 lakh to Rs 5 lakh

The Reserve Bank of India (RBI) has provided major relief to UPI consumers. The central bank has increased the limit for making payments through UPI from Rs 1 lakh to Rs 5 lakh. Addressing the media after the three-day bimonthly Monetary Policy Comm...

August 8, 2024 12:09 PM

Repo rate remains unchanged at 6.5% for ninth consecutive time: RBI

The Reserve Bank of India (RBI) announced on Thursday that it will maintain the repo rate at 6.5%, marking the ninth consecutive time the central bank has kept the key interest rate unchanged. The decision reflects the RBI's cautious stance amid ongo...

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