Economy News

Nifty midcap100 up 44% while Nifty smallcap100 surges 54%

Domestic markets are ending the year 2023 on a buoyant note as Nifty scales above 21,500 mark while Sensex crosses 71,000. Investor's sentiments got a big boost in November and December which helped both domestic as well as global markets scale new high, says a report by Motilal Oswal Broking and Distribution.

Dec 22, 2023

SBI hikes interest rate on loans

The State Bank of India (SBI) has hiked its base rate of lending from 10.10 per cent to 10.25 per cent which is likely to lead to an increase in the EMIs of home, auto and personal loans.

Dec 15, 2023

Orwell Lionel on a Mission to Empower Future Commerce Professionals

Orwell Lionel, with his dream of revolutionizing commerce learning and formal education for professional commerce courses, has successfully built the foundations for what would make way for generations to explore the endless possibilities of pursuing these courses

Dec 14, 2023

India's inflation rate 5.6% higher than most other nations: Bank of Baroda

Inflation in India at 5.6 per cent for November is higher than most other nations, the Bank of Baroda said in a report.

Dec 14, 2023

Govt going for vote on account on Feb 1, no big bang announcements: Nirmala Sitharaman

Indian Finance Minister Nirmala Sitharaman has said that the upcoming Union Budget on February 1, 2024 to be presented in Parliament ahead of the Lok Sabha elections will not be a regular budget but only a vote on account so the government is not likely to make any "spectacular announcements".

Dec 7, 2023

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Nov 28, 2023

Sensex scales 66K mark with 400-point jump

BSE Sensex crossed the 66,000 mark on Thursday as the index moved up 400 points.

Nov 16, 2023

Sitharaman inaugurates SBI branch in Sri Lanka's Trincomalee

Union Finance Minister Nirmala Sitharaman on Thursday inaugurated a State Bank of India (SBI) branch in Sri Lanka's Trincomalee city, during her ongoing visit to the island nation.

Nov 2, 2023

More than 7.65 crore ITRs filed for assessment year 2023-24

The Income Tax Department registered a record number of filing of income tax returns (ITRs) till October 31, 2023, which was the due date for filing of ITRs (other than ITR 7) for taxpayers not having any international or specified domestic transactions, in whose case books of account were required to be audited.

Nov 2, 2023

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UPI transactions soar to all-time high of Rs 17.16 lakh crore in October

Unified Payment Interface (UPI) transactions soared to an all-time high of Rs 17.16 lakh crore in October with a 9 per cent increase from Rs 15.8 lakh crore in September this year, according to data.

Nov 1, 2023

RBI fines Mumbai bank for levying extra charge on ATM cards

The RBI has slapped a fine of Rs 13.3 lakh on SVC Co-operative Bank Ltd., Mumbai as it was imposing annual maintenance charges for ATM cards in Basic Savings Bank Deposit Accounts in violation of the central bank's directions.

Oct 23, 2023

High-level meeting likely to take call on winding up MMTC, STC, PEC

A high-level meeting chaired by Union Commerce and Industry Minister Piyush Goyal is likely to take a call on the closure of government-owned Metals and Minerals Trading Corporation of India (MMTC), State Trading Corporation (STC) and Project & Equipment Corporation of India Limited (PEC) on October 23, according to reliable sources.

Oct 14, 2023