The National Stock Exchange on Wednesday made an announcement regarding a modification in the expiry days for Nifty Bank options and Nifty Midcap Select Index futures and options. Nifty Bank weekly index options will undergo a change in their expiry day, transitioning from Thursday to Wednesday commencing from September 4. The initial Wednesday weekly expiry …
This week, Bajaj Auto Unveiled its Triumph Speed 400 and Scrambler 400X motorcycles in India. Triumph Motorcycles has experienced an astounding response among Indian motorcycle enthusiasts, achieving an extraordinary milestone of 10,000 bookings in a mere 10 days following the global unveiling. The much-awaited Speed 400 and Scrambler 400 models, which were first showcased in …
The Reserve Bank of India conducted stress tests to evaluate the ability of scheduled commercial banks (SCBs) to withstand macroeconomic shocks. The results indicate that the banks are adequately capitalized and possess the capacity to absorb such shocks for one year, even without requiring additional capital infusion. Based on the stress test results published in …
The Indian Rupee outperformed the other emerging market currencies, exhibiting a significant decrease in expected volatility during June. When investors look to profit off the interest rate differentials between two currencies, volatility becomes the crucial factor to take into account. Despite the fluctuation in the value of the dollar over the past month, the Indian …
According to official data released by the National Statistical Office (NSO) on Monday, June 12, 2023, India has achieved an impressive feat in its economic landscape. Retail inflation has reached a remarkable 25-month low of 4.25% in May 2023, with a notable easing of food prices. This figure represents the lowest retail inflation rate since …
The Monetary Policy Committee (MPC) meeting was held today June 8, 2023, to evaluate the prevailing macroeconomic conditions and make informed decisions. After a comprehensive assessment, the MPC has announced that it would maintain the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%. Similarly, the standing deposit facility (SDF) rate would …
One of the key metrics for judging whether an app is user-friendly or not is by checking how fast and easily you can find crucial information. Many of the latest features of the Angel One iOS Super App have been designed to serve exactly this purpose. What is New? Addition of new indices to the …
Tata Consultancy Services (TCS) has been selected by the Department for Education (DfE) to administer and further enhance customer experiences for the Teachers’ Pension Scheme in England and Wales. The Teachers’ Pension Scheme is the second largest public sector pension scheme in the UK with over 2 million members. TCS has been awarded a 10-year …
On Saturday, Bajaj Finserv Ltd signed a Memorandum of Understanding (MoU) with the Government of Maharashtra, to develop Rs 5000 crore projects in Pune, one of the largest financial services investments in the country. The MoU was signed by Harshdeep Kamble, Industry Secretary, Government of Maharashtra and S Sreenivasan, Chief Financial Officer, Bajaj Finserv, in …
In the fourth quarter of FY23, India’s Gross Domestic Product (GDP) expanded by 6.1%, surpassing both analyst and Reserve Bank of India predictions. The growth was driven by increased government and private investments, although private consumption remained sluggish. Despite the global economic slowdown, the Indian economy demonstrated a strong performance in the last quarter of …
