financial

  1. Sensex, Nifty closed marginally lower due to profit booking ahead of key results.

    Mumbai, Benchmark Sensex and Nifty closed marginally lower in a volatile session on Thursday as investors booked profits in heavyweights ahead of the announcement of key financial results for the June quarter.Retreating from early highs, the 30-share BSE Sensex closed down 27.43 points or 0.03...
  2. Banking sector witnessing highest performance in a decade: RBI

    According to him, the central bank is busy improving the auditing process to safeguard the integrity and stability of financial institutions.“Auditors and Chief Financial Officers are key pillars of financial integrity and governance in our banking system. Auditors should conduct their audits...
  3. Demat accounts rise to 162 mn in June, NSE active clients reach 44.2 mn

    In the current financial year so far, the average monthly demat accounts have stood at 3.4 million.Central Depository Services Limited (CDSL) continued to gain market share in terms of total number of demat accounts in June, Motilal Oswal Financial Services reported.The report noted that on...
  4. India will see growth in private consumption in FY 2025 due to rural demand

    According to India Ratings & Research, increased private consumption will lead to more balanced growth, thereby reducing the disparity between the premium and value segments.According to the report, urban demand will also continue to increase but at a slower pace.India Ratings said growth...
  5. BMW hit-and-run case: Maharashtra Chief Minister announces Rs 10 lakh assistance to victim's family

    Congress MLA Aslam Shaikh had demanded that the state government should provide financial assistance to the victim's family, as they have not received any help from the government.Shinde, who visited the Mumbai Coastal Road, which is currently partially open for vehicular traffic, said: "Soon...
  6. Budget will fulfill aspirations of 8 crore people: Rajasthan CM

    “The budget will fulfill the aspirations of 8 crore people of the state who have full faith in the BJP government. We are committed to living up to their trust. The state government will fulfill every promise made in the resolution paper,” the chief minister said while addressing a press...
  7. Government assures continued funding for converting hospitals into medical colleges

    New Delhi, Union Health Secretary Apurva Chandra has informed all states that district and referral hospitals being converted into medical colleges will continue to receive financial support from the Center under the National Health Mission. Health (NHM), the Ministry of Health said on...
  8. There is an atmosphere of happiness among Muslim women due to the decision of Supreme Court on maintenance allowance.

    Following the historic verdict of the country's highest court, triple talaq crusade Shayara Bano expressed satisfaction that it will bring benefits to divorced Muslim women. Bano serves as vice-president of the Uttarakhand State Women's Commission and has herself experienced the repercussions of...
  9. Power Grid Corp board approves plan to increase borrowing limit to Rs 15k crore for FY25

    New Delhi: State-owned Power Grid Corporation's board on Wednesday approved a proposal to increase the borrowing limit for 2024-25 from Rs 12,000 crore to Rs 15,000 crore through various instruments.The board has also fixed the borrowing limit for 2025-26 at Rs 16,000 crore.The Board of...
  10. RBI allows banks to use ratings of Brickwork Ratings India

    Mumbai: The Reserve Bank of India on Wednesday allowed banks to use the ratings of Brickwork Ratings India Pvt Ltd for loans up to Rs 250 crore.RBI asked banks and other regulated entities not to obtain any new ratings from Brickwork Ratings India in October 2022.The certificate of...
  11. White collar crimes pose serious challenge to judicial, economic systems: Supreme Court Judge Hima Kohli

    New Delhi: White-collar crimes present a formidable challenge to the judicial and economic systems, and require a “multifaceted and nuanced” approach, Supreme Court Justice Hima Kohli said on Wednesday.The high court judge defended the use of advanced technologies to prevent such crimes...
  12. Women need financial security, residential security: Justice Nagarathna

    New Delhi: The financial security and residency security of Indian women must be protected and enhanced for their true empowerment, Justice Nagarathna observed on Monday.He made the observation while delivering a separate but concurrent verdict of a bench, also comprising Justice Augustine...
  13. Four PSU banks gave dividend of Rs 6,481 crore to the government

    New Delhi: Four public sector banks, including Canara Bank and Indian Bank, on Wednesday handed over dividend checks worth Rs 6,481 crore for the financial year 2023-24 to Finance Minister Nirmala Sitharaman."Smt @nsitharaman received a dividend check of Rs 2,514.22 crore for FY 2023-24 from...
  14. No project can fail if builders maintain financial discipline: HRERA-Gurugram member

    New Delhi: No real estate project can fail if promoters maintain financial discipline from the beginning, said Sanjeev Kumar Arora, member, Haryana regulatory authority, Gurugram bench.Addressing the Assocham National Conference on the changing dynamics of real estate for Viksit Bharat, he...
  15. Kerala CM promises timely clearance of welfare pension dues for 62 lakh beneficiaries

    Thiruvananthapuram, Kerala Chief Minister Pinarayi Vijayan on Wednesday announced that the social pension arrears of 62 lakh beneficiaries in the state would be distributed within a time-bound period, and his government plans to increase them further.Despite the financial crisis being faced by...
  16. RBI Deputy Governor raises concerns over quality of disclosures by some NBFCs

    Mumbai, Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao has raised concerns over the quality of disclosures made by some NBFCs and urged the audit community to ensure that entities provide adequate qualitative information to depositors as well as other interested parties...
  17. What you need to know about applying for your first RuPay credit card

    If you are new to the world of credit cards, you need to choose the right type of card. As a new credit card user, you can consider a RuPay credit card to get maximum benefits and discounts. RuPay credit card has become the best option for many people of all ages in India. With many benefits for...
  18. JLR India retail sales grow 31 percent to 1,371 units in Q1

    New Delhi, Jaguar Land Rover India on Wednesday said its retail sales grew 31 per cent year-on-year to 1,371 units in the first quarter ending June 30, 2024.The automaker had retailed 1,048 units in the April-June quarter of the last financial year.Sales of both the Defender and Range Rover...
  19. AFPL's 'Connect' Fund, a new investment frontier in the AVGC sector, secures seed funding in ₹300 crore project

    New Delhi (India), July 10: In a significant step towards revolutionizing the animation, visual effects, games and comics (AVGC) sector in India, ACME Group proudly announces the successful closing of the first round of funding for its CAT of 300 million rupees. II Alternative Investment Fund...
  20. Hathras stampede: Athawale seeks financial help from preacher Bhole Baba, government jobs for victims' families

    Noida, Union Minister Ramdas Athawale on Tuesday said self-styled godman Surajpal alias Bhole Baba should provide financial help to the families of Hathras stampede victims.The Union Minister of State for Social Justice and Empowerment also said that one person from each victim's family should...