business

RBI holds repo rate at 6.5%, markets react negatively

Despite stock market declines and some economic uncertainties, the Reserve Bank of India (RBI) aims to manage inflation and support growth, projecting a 7.2% increase for the year. The stable rate benefits borrowers by keeping Equated Monthly Instalments (EMIs) steady, though loans tied to the marginal cost of funds-based lending rate (MCLR) might still see rate hikes. Future Monetary Policy Committee (MPC) meetings are scheduled for Oct 7-9, Dec 4-6, in 2024, and Feb 5-7, 2025.

Hasina’s exit cripples India-Bangladesh trade, halts border activity

IndiGo, Air India bring back over 400 people through special flights from Dhaka

Sensex, Nifty bounce back sharply in early trade amid rise in Asian markets

Whopping 47.7 million registrations on Udyam Portal as of July 2024

For the fiscal year 2024-25, as of July 31, 2024, the number of registered MSMEs stands at 63.41 lakh.

Sensex, Nifty plunge nearly 3% following global market slump and US recession worries

The 30-share BSE Sensex plummeted 2,222.55 points or 2.74% to settle at over a month's low of 78,759.40, marking its worst single-day retreat since June 4, 2024. Nifty also saw its worst single-day fall since June 4, 2024, when markets crashed more than 5% due to general election results.

Nifty crosses 25,000 for first time, Sensex hit record high

The 30-share BSE Sensex soared 388.15 points, or 0.47%, to hit an all-time intra-day high of 82,129.49 in early trade. The broader Nifty of NSE scaled the record 25,000 level for the first time, rising 127.15 points, or 0.50%, to 25,078.30.

Valued at ₹6,146 crore, Ola Electric to launch largest IPO of year

The IPO bidding will take place at a price range of ₹72-76 per share. The firm's estimated valuation at the upper end of the pricing band is $4 billion, which is less than the $7-8 billion valuation it was aiming for a few months ago.

Colgate-Palmolive receives over ₹200 crore tax notice

On July 26, 2024, the Colgate Palmolive (India) received a final assessment order from the IT Authority for the assessment year (AY) 2020-21, carrying a demand amounting to ₹248.74 crore.

Indian EV car owners unhappy, want to go back to fuel vehicles: Survey

A majority of EV car owners want to go back to using petrol or diesel vehicles, according to a survey from Park+, which provides parking solutions in residential and commercial complexes in Indian cities.