A massive financial scandal has emerged in Mumbai, surrounding the Torres Jewellery chain. The company has been accused of defrauding nearly 4,000 investors, with the fraud now believed to potentially exceed hundreds of crores of rupees. Investigations are ongoing, with the Economic Offence Wing of Mumbai Police handling the case. The Promises and Deception Behind …
NPCI International Payments Ltd (NIPL), the global arm of the National Payments Corporation of India (NPCI), has partnered with UAE-based fintech firm Magnati to enable Unified Payments Interface (UPI) transactions for Indian tourists. This collaboration aims to streamline QR-based UPI merchant payments across the UAE, marking a significant advancement in cross-border digital payment systems. UPI …
On January 16, 2025, India celebrates 9-year of Startup India, a transformative initiative launched in 2016 to foster entrepreneurship and innovation. Designated as National Startup Day, this milestone highlights India’s remarkable journey towards becoming the world’s third-largest startup ecosystem. Growth of the Startup Ecosystem As of January 15, 2025, India proudly hosts over 1.59 lakh …
The Securities and Exchange Board of India (SEBI), in collaboration with the National Institute of Securities Markets (NISM), has introduced an innovative e-learning course on municipal bonds. Designed to foster knowledge and skills, this initiative aims to help municipal corporations, urban local bodies, and other stakeholders understand how to leverage municipal bonds for urban infrastructure …
The Indian stock exchanges, BSE and NSE, will remain closed for trading on Wednesday, December 25, 2024, in observance of Christmas. This will be the last stock market holiday of 2024. Most global markets, including those in the UK, US, and Europe, will also be closed on the same day. On Wednesday, stocks, derivatives, and …
As per news reports, Dabur India Ltd has approached the Delhi High Court, alleging that Patanjali has aired advertisements making misleading claims about their chyawanprash. This legal face-off, reported by several news outlets, has drawn significant public attention. Dabur’s Claims Against Patanjali Dabur India Ltd, a leading player in the consumer goods sector, has accused …
In a game-changing move, SEBI has increased the contract size in the derivatives market to Rs 15 to Rs 20 lakhs. This regulatory step aims to curb the participation of ordinary retail investors in the high-stakes equity derivatives segment, a market notorious for its inherent risks. However, this restriction appears to have triggered a shift …
Benchmark indices, BSE Sensex and NSE Nifty 50, ended flat on Tuesday. The Sensex reached a high of 78,877.36 during the day but ended lower at 78,472.87, down by 67.30 points or 0.09% from the previous day’s close. The Nifty50 closed at 23,727.65, losing 25.80 points or 0.11%. It traded between 23,867.65 and 23,709.65 during …
NSE Indices Limited, a subsidiary of the National Stock Exchange (NSE), has announced the launch of two new strategy indices—Nifty500 Quality 50 and Nifty500 Low Volatility 50. These indices are designed to track top-performing companies with strong quality metrics and low volatility, respectively. Understanding the Nifty500 Quality 50 Index The Nifty500 Quality 50 Index focuses …
On December 23, 2024, India’s key stock indices, Sensex and Nifty, ended their 6-day losing streak by closing in the green. The BSE Sensex climbed 0.64% or 498.58 points to settle at 78,540.17, while the NSE Nifty50 gained 0.95% or 165 points, closing at 23,753.45. The broader market showed mixed results. The BSE Midcap index …
