On Thursday, the Reserve Bank of India took action to limit the rapid increase in unsecured personal loans and credit cards. They increased the credit risk weights for these loans, which are generally disbursed without collateral, making it more costly for banks and NBFCs to lend money in this category. In simpler terms, banks and …
The Indian stock market holds the distinction of being the oldest in Asia, with the establishment of the Bombay Stock Exchange (BSE) in Mumbai in 1875. China’s stock market, comprising the Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange (SZSE), commenced operations in the early 1990s. India boasts two major stock market indexes, namely …
Yesterday Pidilite Industries which is the leading manufacturer of adhesives and sealants, held a board meeting and reported financial results for the second quarter of FY24 and more importantly company intends to set up a lending business. Yesterday the scrip closed at Rs 2,473.05. Today, it opened at Rs 2,469.95 and currently it is trading …
The Indian headline indices concluded the trading session flat, recovering from losses recorded earlier in the day. The BSE Information Technology index experienced slight fluctuations, with modest gains and losses during the trading session. There was a noticeable increase in buying interest for shares of L&T Technology Services Ltd (LTTS), a leading global provider of …
International trade is a complex and under continuous revolution, but at its core, it revolves around two fundamental processes called the import and export of commodities. These two forces work in tandem to drive economic growth, enable international relations, and meet domestic demand for various products. Imports: Accessing the World’s Bounty Imports are goods or …
India recently made a significant mark in the world of finance by introducing its first-ever 50-year bond. This strategic move is part of the Indian government’s broader efforts to revamp its borrowing profile. Prior to this groundbreaking issuance, the longest-tenor government bond available in India was the 40-year paper, which had a cut-off yield of …
At 12:30 pm, Reliance Industries shares were trading at Rs 2262.15, up by 1.61% from its previous closing of Rs 2226.20 on the BSE. Reliance Industries’ telecom arm, Reliance Jio Infocomm (Jio), has successfully demonstrated India’s first satellite-based gigabit fiber service to provide high-speed broadband services to previously inaccessible geographies within India. Jio showcased its …
In a groundbreaking move aimed at transforming the agricultural landscape of India, the Cabinet Committee on Economic Affairs, under the visionary leadership of Hon’ble Prime Minister Shri Narendra Modi, has approved a momentous increase in Minimum Support Prices (MSP) for all mandated Rabi Crops for the forthcoming Marketing Season 2024-25. The government’s resolute commitment to …
Tejas Networks Ltd, headquartered in India, is a globally recognized R&D-driven telecommunications equipment company. Specializing in the design, development, and manufacturing of cutting-edge optical and data networking products, Tejas Networks serves a wide range of clients, including telecom service providers, utility companies, government agencies, and defense networks. Press Release Digest: Key Highlights for You FibreConnect, …
In a momentous event that unfolded on October 17, 2023, the Ministry of Defence orchestrated a groundbreaking contract that promised to reshape the horizon of maritime training for the Indian Coast Guard (ICG). Nestled in the heart of New Delhi, this pivotal agreement, valued at Rs 310 crore, was inked with none other than the …
