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Business
RBI's MPC hikes policy rate by 25 bps
8 Feb 2023 9:19 AM GMT
Chennai, Feb 8: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Wednesday hiked the repo rate by 25 basis points to 6.50 per cent.Wednesday's MPC meeting is the last one for this fiscal. The repo rate is the rate at which the RBI lends to the banks.Announcing the hike, RBI...
Business
Adani Group stocks fall further in morning trade
6 Feb 2023 8:44 AM GMT
New Delhi, Feb 6: Shares of Adani Group firms tumbled further on the bourses, with shares of Adani Enterprises witnessing a fall of 9.50 per cent as investors continue to offload their holdings. Adani Enterprises opened on a weak note at Rs 1,597.95, then fell further to Rs 1,433.60, registering...
Business
India's macro fundamentals not affected by Adani's FPO withdrawal: FM
4 Feb 2023 10:40 AM GMT
Mumbai, Feb 4: Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Saturday said India's macro fundamentals and economic image are not affected by the Adani Group's withdrawal of its Rs 20,000 crore FPO. In the last two days alone, USD 8 billion in forex came in, the finance...
Business
Elon Musk cleared of fraud charges in 'Tesla funding secured' case
4 Feb 2023 9:29 AM GMT
San Francisco, Feb 4: A court in the US has cleared Elon Musk in a class-action securities fraud over his tweets about taking Tesla private. The jurors deliberated for about two hours before reaching the verdict, called a "disappointed" one by Nicholas Porritt, partner at Levi & Korsinsky,...
Business
Sensex, Nifty jump over 1 pc on heavy buying in banking stocks
3 Feb 2023 10:34 AM GMT
Mumbai, Feb 3: Equity benchmarks rallied over 1 per cent on Friday due to heavy buying in banking and financial counters amid mixed trend in the global markets. The 30-share BSE benchmark Sensex zoomed 909.64 points or 1.52 per cent to settle at 60,841.88. During the day, it jumped 973.1 points...
Business
Mukesh Ambani replaces Gautam Adani as the richest Indian in the world
2 Feb 2023 10:37 AM GMT
Guwahati, Feb 2: The chairman of Reliance Industries, Mukesh Ambani, has surpassed Gautam Adani to become the richest Indian in the world, according to the Forbes Real-time Billionaires list. In the Bloomberg Billionaires Index on Tuesday, Adani fell to seventh place from third after the short...
Business
Types of Loans Available for Doctors in India
20 Jan 2023 10:43 AM GMT
For doctors after acquiring their medical degree, there is a requirement for capital assistance to set up their clinics, hospitals, etc or for maintenance of personal errands. Banks and financial institutions in India have customised loan options to cater to different financial needs of the...
Business
Elon Musk 1st person in world to lose $200 bn in net worth: Report
2 Jan 2023 7:53 AM GMT
San Francisco, Jan 2: If you have lost money in shares recently, read this. Tesla and Twitter CEO Elon Musk has become the first person ever to lose $200 billion from his net worth and is still making jokes on the micro-blogging platform. According to a Bloomberg report, Musk has now seen his...
Business
Markets decline in early trade amid weak global trends
29 Dec 2022 5:14 AM GMT
Mumbai, Dec 29: Equity benchmark indices declined in initial trade on Thursday in line with weak global markets and continuous foreign fund outflows. The 30-share BSE Sensex went lower by 383.19 points to 60,527.09. The broader NSE Nifty declined 110.7 points to 18,011.80. From the Sensex pack,...
Business
How to smartly invest your money in 2023
28 Dec 2022 6:09 AM GMT
Investing money can be a smart way to grow your wealth over time, but it is important to approach it with caution and do your research. Here are some tips for investing money smartly in 2023:1. Set financial goals: Before you start investing, it is important to have a clear idea of what you want to...
National
BYJU'S meets NCPCR officials, defends itself on student database buying...
24 Dec 2022 9:07 AM GMT
New Delhi, Dec 24: Edtech major BYJU's on Friday filed a comprehensive response to the notice by the National Commission for Protection of Child Rights (NCPCR) that alleged the company is buying phone numbers of children and their parents and threatening them to buy its courses.In a meeting with...
Business
4 important justifications for including Care Health Insurance in your financial...
21 Dec 2022 10:00 AM GMT
An integral part of financial planning is accounting for contingencies. You need to spend a part of your savings on planning for unexpected incidents like health emergencies.A health insurance policy is a financial planning tool that comes to your rescue during medical emergencies. Health insurance...
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