Oil prices rose more than 1% on Monday, as top importer China took its first step toward easing monetary policy for the first time since 2010 to boost economic growth, state media reported, citing a politburo meeting. Brent crude futures rose $1, or 1.4%, to $72.12 a barrel at 1356 GMT. U.S. West Texas Intermediate…
The State Bank of India (SBI) has projected that India’s gross domestic product (GDP) will grow at 6.3% during the current financial year (FY25), lower than the Reserve Bank of India’s (RBI) forecast of 6.6%, which was revised upward from 7.2% earlier. “We believe GDP growth for FY25 will be lower than the RBI forecast…
IGL share price jumped nearly 4 per cent in mid-day trade on December 5 after the city gas distributor announced that the board will consider a proposal to issue bonus shares on December 10. “It is notified that the Board of Directors is scheduled to meet on December 10, 2024 to consider a proposal to…
Funding raised by non-banking financial companies (NBFCs) from mutual funds (MFs) grew nearly 47 percent year-on-year (Y-o-Y) to Rs 2.33 trillion in October 2024. Sequentially, funding support by MFs to NBFCs increased by 0.3 percent compared to September, according to CARE Ratings. Mutual funds (MFs) credit exposure to NBFCs, which includes commercial paper (CP) and…
Shares of Tata Power surged over 4 percent following the release of its Q2FY25 results, with several brokerages reaffirming their ‘buy’ ratings.Elara Securities said ‘buy’ while raising its target price on the stock from Rs 463 to Rs 518 and upgrading its rating from ‘accumulate’.Other brokerages including Motilal Oswal Financial Services, JM Financial and Nomura…
Tata Motors Limited on Sunday said total sales in November rose marginally to 74,753 units as against 74,172 units in the same month last year. Tata Motors said in a statement that total domestic sales last month rose 1 per cent to 73,246 units as against 72,647 units in November 2023. The company said total…
Maruti Suzuki India on Sunday reported that its total sales in November grew 10 percent year-on-year to 1,81,531 units.The automaker had dispatched 1,64,439 units to its dealers in November last year.Total domestic passenger vehicle wholesales stood at 1,41,312 units as against 1,34,158 units in the same month a year ago, a growth of 5 percent.Sales…
Shares of recently listed NTPC Green Energy gained 4% during today’s session to hit Rs 127.55 on the BSE after the company announced successful commissioning of the first phase of the 105 MW Shajapur Solar Project having a capacity of 55 MW. In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)…
New Delhi:The Centre has reported a huge increase in the number of counterfeit notes over the past five years. The number of fake ₹500 notes has risen by 312%, while the number of fake ₹2,000 notes has increased by 166%, according to figures from the Ministry of Finance. This information was provided by Minister of…
Bank of India stock closed 3.48% higher at Rs 111.90 on the BSE. The bank’s market cap stood at Rs 50,762 crore. Bank of India shares surged after the lender said it has issued long term bonds (infrastructure) worth Rs 5,000 crore on a private placement basis. Bank of India stock closed 3.48% higher at…
