The Indian government has increased the base import price of gold and silver in response to rising global prices. According to a notification from the Central Board of Indirect Taxes and Customs (CBIC) issued on February 14, the base price of gold has been raised by $41 per 10 grams to $938, while the base …
The Indian stock market remained under pressure as the BSE Sensex slipped by 0.30% or 222 points, trading near 75,700 by midday on February 17, 2025. The benchmark index opened lower and extended its decline, falling below the previous session’s low. However, partial recovery was seen from the day’s lows, led by HDFC Bank and …
According to news reports, the Reserve Bank of India (RBI) is set to inject over $16 billion into the banking system next week to counterbalance large outflows due to tax payments. The central bank has significantly increased its liquidity infusion through government securities purchases and other measures to ensure sufficient market liquidity. Increased Government Securities …
The Securities and Exchange Board of India (SEBI) has modified the timelines for issuing Consolidated Account Statements (CAS) to improve compliance efficiency. As per a circular issued on Friday, depositories will now have revised deadlines for dispatching CAS, with changes affecting both monthly and half-yearly statements. Updated Deadlines for Monthly CAS Under the new framework, …
The European Union (EU) and the Ministry of Textiles have jointly launched seven projects to enhance India’s textile and handicraft sector. Announced at Bharat Tex, these initiatives aim to promote sustainability, economic empowerment, and resource efficiency across nine states in India. EU’s Funding and Sustainable Growth The projects, backed by an EU grant of EUR …
The Union Agriculture Minister, Shivraj Singh Chouhan, has confirmed that the 19th instalment of the PM Kisan Samman Nidhi Yojana will be released by the end of February 2025. Prime Minister Narendra Modi is expected to personally disburse the funds during his visit to Bihar on 24 February, where he will also participate in agricultural …
The combined market valuation of eight of India’s 10 most valued domestic firms plummeted by ₹2,03,952.65 crore last week, with Reliance Industries suffering the most significant loss. This decline aligns with the continued bearish trend in the broader stock market, as equity benchmark indices Sensex and Nifty extended their losing streak for the eighth consecutive …
Foreign Portfolio Investors (FPIs) continued to pull out capital from Indian equities, offloading ₹21,272 crore in the first two weeks of February. This follows a significant net outflow of ₹78,027 crore in January, bringing the total FPI withdrawal to ₹99,299 crore in 2025, according to depository data. Global Tensions and US Tariffs Trigger Cautious Approach …
The Reserve Bank of India (RBI) has expanded the scope of Unified Payments Interface (UPI) transactions by allowing Small Finance Banks (SFBs) to offer pre-approved credit lines. This decision, announced on February 12, 2025, builds on the RBI’s previous decision in September 2023, when it first introduced credit lines on UPI for scheduled commercial banks …
Reliance Retail has reintroduced the Chinese fast fashion brand, Shein, in India, almost 5 years after the ban. Following a successful test launch on Ajio, Shein now operates through a dedicated app on both the AppStore and GooglePlay. This marks a significant development in India’s fast fashion sector, driven by a partnership between Reliance and …
