Foreign investors’ recent withdrawal from the Indian equity market highlights the interplay of global events and their impact on investment decisions. The shift from significant investment in September to a substantial net outflow in October underscores the volatile nature of foreign portfolio investment (FPI) and the sensitivity of emerging markets to global uncertainties. Understanding the
Updating your Aadhaar mobile number is a straightforward process, despite the sometimes confusing information online. This comprehensive guide will walk you through the steps, dispelling common misconceptions and providing you with the necessary information to update your details quickly and efficiently. It’s vital to keep your Aadhaar information current, as it serves as a crucial
Radhika Gupta, CEO and Managing Director of Edelweiss Mutual Fund, recently experienced a serious fall resulting in a head injury. Her subsequent hospital visit and speedy recovery highlight a positive aspect of India’s healthcare system, contrasting sharply with her experiences in other developed nations. This incident, and her subsequent social media post, provides a unique
The daily fluctuation of petrol and diesel prices is a significant factor in the Indian economy, impacting both consumers and businesses. Every morning at 6 a.m., oil marketing companies (OMCs) revise these prices, a process reflecting the dynamic interplay of global crude oil prices, fluctuating exchange rates, and government regulations. This daily update, while providing
Ratan Tata, the revered chairman emeritus of the Tata Group, passed away on Wednesday evening at the age of 86, leaving behind a legacy that transcended business and resonated deeply across nations. His influence extended far beyond India’s borders, shaping industries globally and fostering strong international relationships. News of his death prompted an outpouring of
RBL Bank’s financial performance for the September 2024 quarter reveals a mixed bag of results. While the bank experienced a significant drop in net profit, falling by 24.15 percent to Rs 223 crore compared to Rs 294 crore in the same period last year, positive indicators include growth in net interest income and relatively stable
Kotak Mahindra Bank’s robust performance in the second quarter of fiscal year 2024 showcases a healthy growth trajectory despite a slightly moderated Net Interest Margin (NIM). The bank reported a commendable 4.8% year-on-year increase in standalone profit after tax (PAT) reaching ₹3,344 crore, exceeding the previous year’s ₹3,191 crore. This positive trend is further amplified
India and Mexico are exploring enhanced economic ties, with a particular focus on leveraging technology and innovation to boost mutual growth. Finance Minister Nirmala Sitharaman’s recent visit to Mexico City underscored the potential for a robust partnership, highlighting several key areas of cooperation. Discussions included sharing India’s experience in digital transformation, promoting collaboration in the
Gold prices in India have recently surged to record highs, reaching ₹77,410 per 10 grams of 24k gold. This marks a significant increase of ₹600 compared to the previous day’s closing price, according to the Indian Bullion and Jewellers Association (IBJA). This upward trend is impacting various aspects of the Indian economy, from investment strategies
The Goods and Services Tax (GST) Council’s recent deliberations on rate rationalization have resulted in significant changes to tax rates across various sectors. The recommendations, spearheaded by a Group of Ministers (GoM), aim to achieve a balance between providing tax relief to consumers on essential items while increasing revenue from luxury goods. The proposed changes
Hyundai Motor India’s IPO: A Deep Dive into the Listing and its Implications The highly anticipated Hyundai Motor India IPO concluded its public subscription phase on October 17th, 2024, marking a significant event in the Indian stock market. Receiving a 2.37 times subscription, it surpassed LIC’s previous record, becoming India’s largest IPO, raising a staggering
Petrol and diesel prices in India are subject to daily fluctuations, determined by a complex interplay of global and domestic factors. Oil marketing companies (OMCs) such as Indian Oil, BPCL, and HPCL announce the price of petrol and diesel every day at 6:00 am. These adjustments reflect changes in global crude oil prices, fluctuations in
Tech Mahindra, a leading IT services firm, has reported strong financial performance for the second quarter ended September 30, 2024. The company witnessed a significant surge in its consolidated net profit, soaring by 153.1 per cent year-on-year to reach Rs 1,250 crore. This impressive growth in profitability is a testament to Tech Mahindra’s strategic initiatives
Nokia’s recent decision to lay off thousands of employees across its global operations underscores the ongoing cost-cutting measures that the company is taking to ensure its competitiveness in the rapidly evolving technology landscape. These layoffs, affecting around 2,000 employees in Greater China and 350 in Europe, are part of a broader restructuring plan aimed at
Empowering Rural Women: Digital Naari’s Approach to Financial Inclusion In India, women represent almost half of the population, yet their economic contributions remain limited, contributing only 18% to the GDP. This stark gender disparity is a major obstacle to achieving India’s economic goals, particularly the ambition to reach a $7 trillion economy by 2030. Closing
HDFC Bank, one of India’s largest private sector lenders, has reported a robust performance for the second quarter of the financial year 2024, signaling a healthy growth trajectory despite the economic uncertainties. The bank witnessed a significant rise in its net profit, registering a 5.28% increase to Rs 16,820.97 crore compared to the corresponding period
