In a significant move to support senior citizens with limited income or no family support, the Delhi government has launched an online portal for its old-age pension scheme. The initiative aims to provide financial relief to vulnerable elderly citizens and ensure a hassle-free application process. This program, which categorizes pensions based on age and socio-economic …
NSE Indices Limited launched the Nifty India Railways PSU Index, a thematic index that captures the performance of public sector undertakings (PSUs) either owned by the Ministry of Railways or catering to the Indian Railways. This new index offers investors a focused approach to capitalising on India’s railway growth story. Key Features of the Nifty …
On Tuesday, November 26, 2024, the benchmark indices Sensex and Nifty 50 are expected to get impacted as global markets experience mixed trends amid a stronger US dollar following U.S. President-elect Donald Trump’s announcement of tariffs on imports from Canada, Mexico, and additional tariffs on China. At 08:41 AM, Gift Nifty was trading down by 0.24% at …
On November 26, 2024, at 08:04 AM, the GIFT Nifty futures were trading 70 points lower at 24,283.50, indicating a negative start. Before the market opens, check out a few stocks that will be in focus during the trading session. Adani Group Stocks The Andhra Pradesh government is reviewing the power supply contract with the Adani …
Global ratings agency S&P Global has revised its economic outlook for India, reflecting global economic conditions and domestic challenges. While India’s GDP growth remains robust compared to other major economies, concerns like persistent food inflation, high interest rates, and transitory sectoral slowdowns weigh on the projections. Revised GDP Projections: Insights and Implications S&P Global is …
On November 25, 2024, both the BSE Sensex and Nifty 50 ended higher. The BSE Sensex closed at 80,109.85, up by 992.74 points or 1.25%. Similarly, the Nifty50 also closed at 24,221.90, up by 314.65 points or 1.32%. Sectoral Performance All the sectoral indices settled in green on the NSE. Nifty PSU Bank and Nifty Oil & …
The Adani Group faces significant scrutiny following bribery and fraud charges from U.S. authorities. Allegations of improper payments to secure lucrative contracts and misleading public statements have severely impacted the group’s financial standing, causing a sharp decline in bond prices and market value. Bribery Allegations and Market Reaction Last week, U.S. prosecutors charged Gautam Adani, …
Indian Stocks Added to MSCI Global Standard Index In its latest reshuffle, the MSCI Global Standard Index has included BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Realty. These changes are going to take effect starting November 25, according to an official statement released on Thursday. Indian equities are anticipated to see total net FII …
Gautam Adani and his nephew Sagar Adani have been called upon by the US Securities and Exchange Commission (SEC) to clarify their involvement in allegations of paying $265 million in bribes to obtain solar power contracts. Adani Summons Details The Adanis received summons at their homes, with a 21-day deadline to respond, as per a …
IPO-bound NTPC Green Energy has entered into a joint venture (JV) with the New and Renewable Energy Development Corp. of Andhra Pradesh to develop a portfolio of renewable energy projects worth ₹2 lakh crore. This initiative, announced by the Government of Andhra Pradesh, aims to contribute significantly to the state’s clean energy goals. Scope and …
