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 …
The National Stock Exchange (NSE) has announced the inclusion of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) in its indices such as Nifty 500 and Nifty Smallcap 25 and Nifty Midcap 150. The changes, which will be implemented from September 30, are aimed at drawing more investment interest into these trusts. According …
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 …
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 …
Increase in Nifty The Nifty50 has reached a record high of ₹18,614.25 at around 13:45 hrs on 28th Nov, 2022. The NSE index had opened at ₹18430.55 – its day’s low has so far been at ₹18,365.60. Fig. 1: Nifty chart on Angel One app Subsequently, Nifty call options have increased in price in the …
Twitter is a popular social media platform that allows users to share and discover information through short messages called tweets. Musk initiated the acquisition of Twitter on April 14 2022 and completed it on October 27, 2022. Elon Musk bought Twitter for USD 44 billion. The deal was executed in cash. Twitter went public in …
Omni-channel payment platform AGS Transact Technologies has made a flat debut on the stock market. Shares of the company listed at Rs. 176 on the BSE while the issue price was set at Rs. 175 a share. AGS Transact shares listed at the NSE at Rs. 175 per share. Experts predicted a flat listing considering …
Leading real estate entity, Godrej Properties, has generated a consolidated net profit of Rs. 39 crores during the 3rd quarter ended in December ─ marking a 171% jump YOY. The total income, which hiked 30% from the previous year, is Rs. 399 crores. Want to get an insight into this company? Keep scrolling! How Is …
GAIL’s quarterly results for the period October to December is out now. The company has made stellar gains in net earnings amid a good quarter in LPG and natural gas business. To know details about this story, read on! Key Highlights of GAIL’s Q3 Results GAIL’s net profit in the October-December quarter rose from Rs. …
