latest news updates on Finance
Gold and silver prices experienced a slight decline on the Multi Commodity Exchange (MCX) on April 29, 2024. Gold futures, which mature on June 5, 2024, were priced at Rs 71,224 per 10 grams on the MCX. This marked a marginal drop of Rs 276 or 0.39 percent compared to the previous session’s close of … Read more
Are you looking to invest in the Indian stock market for short-term gains? Here’s a breakdown of three promising stocks recommended by Rupak De, Senior Technical Analyst at LKP Securities. Let’s dive into the analysis to understand why Indian Hotels, GAIL, and Jamna Auto are worth considering. Indian Hotels: Buy Price: Around ₹590-595 Target: ₹640 … Read more
In a major breakthrough, Bengaluru police nabbed nine individuals involved in a whopping Rs 158-crore nationwide work-from-home scam. The suspects, including Amir Sohail and Inayat Khan from Bengaluru, Syed Abbas Ali, Nayaz, and Adil from Hyderabad, and Mithun Manish Shah, Naina Raj, Satish, and Mihir Shashikanth Shah from Mumbai, played various roles in the operation. … Read more
The Reserve Bank of India (RBI) has slammed the brakes on Paytm Payments Bank. Starting March 1, 2024, they’re not allowed to accept any more deposits or credits. Why? Well, there’s been a history of rule-breaking and big concerns discovered in their audits. What does this mean for Paytm users? You can still use or … Read more
National Savings Certificates (NSCs) are like government-backed savings superheroes, encouraging everyday folks in India to save money wisely and enjoy tax benefits. Let’s dive into the key features that make NSCs stand out in the financial scene! 🌟 Who Can Grab NSCs? Adults (on their own or for a minor), trusts, two adults together, or … Read more
Karnataka scored big at the World Economic Forum in Davos, Switzerland, signing eight MoUs with global companies valued at Rs 23,000 crore. Led by Minister M B Patil, the delegation engaged in 50+ meetings with global industry leaders. Generated by Embed Youtube Video online Highlights: Web Werks committed a whopping Rs 20,000 crore for … Read more
India’s stock market has made history by surpassing Hong Kong’s for the first time, securing the fourth position globally. The total value of shares on Indian exchanges is now $4.33 trillion, edging past Hong Kong’s $4.29 trillion. This achievement reflects India’s appeal to investors, driven by its growth prospects and policy reforms. Generated by Embed … Read more
In a financial rollercoaster, Sensex just smashed through 73,000, and Nifty soared past 22,000, both setting new all-time highs. Power Players Leading the Charge: Reliance and IT Giants Steal the Show The surge was no small feat, majorly powered by big shots like Reliance Industries Limited (RIL), Infosys, and TCS, taking the indices to unprecedented … Read more
In a recent business development, Tata Consumer Products Limited (TCPL), a prominent entity within the Tata Group, has successfully completed the acquisition of Capital Foods. This strategic move adds a new dimension to TCPL’s diverse portfolio, showcasing the group’s commitment to expansion through strategic acquisitions. The Deal Details The deal, valued at approximately ₹5100 crores, … Read more
In a recent move, Google has taken down several crypto apps, including popular ones like Binance and Kraken, from its Play Store in India. This decision comes on the heels of these global crypto apps being flagged for operating ‘illegally’ in the South Asian market. Background: Show Cause Notices and Accusations The Financial Intelligence Unit … Read more
