Centre Announces 3% DA Hike for Employees Ahead of Diwali
The Union Cabinet, led by Prime Minister Narendra Modi, approved a 3% increase in the dearness allowance (DA) and dearness relief (DR) for Central government employees and pensioners on Wednesday. This raises the DA from 50% to 53%, effective from July 1, providing
Sensex Drops 318 Points as Infosys and JSW Steel Lead Declines
Indian benchmark indices closed lower on Wednesday, with auto, IT, and PSU banks facing significant pressure. The BSE Sensex ended at 81,501.36, down 318.76 points or 0.39%. The NSE Nifty finished at 24,971.30, down 86.05 points or 0.34%. The Nifty Midcap 100 index
India Surpasses 200 GW in Renewable Energy Production
India has officially crossed the 200 gigawatt (GW) milestone in renewable energy (RE) production as of September, primarily driven by solar and wind energy. According to the latest data from the Central Electricity Authority (CEA), the country’s renewable energy generation capacity—including small and
Hemant Jain Appointed as New President of PHDCCI
Hemant Jain has been officially appointed as the new President of the PHD Chamber of Commerce and Industry (PHDCCI), as announced on Saturday. He succeeds Sanjeev Agrawal, who will now serve as the immediate past president of the prominent industry chamber. Rajeev Juneja
India and US Collaborate to Enhance Strategic Technology Partnership: Minister
India and the US are actively collaborating to strengthen their strategic technology partnership, focusing on connecting scientists from both nations to work on emerging technologies like AI and smart connected cities, according to government officials. Union Minister Dr. Jitendra Singh made this announcement
Personal finance insights: Market sentiments, investment strategies & economic trends
Dr K C Gupta, YBB Personal Finance SENTIMENTS AAII Bull-Bear Spread +18.2% (above average)$NYA50R, NYSE %Above 50-dMA 70.87% (overbought, barely)$SPXA50R, SP500 %Above 50-dMA 76.00% (overbought)Delta MSI 81.1% (overbought) ICI Fund Allocations (Cumulative)OEFs & ETFs: Stocks 61.04%, Hybrids 4.45%, Bonds 17.89%, M-Mkt 16.63% INTEREST
India’s 100 Richest Tycoons Cross $1 Trillion Mark: Forbes Report
For the first time, the combined wealth of India’s 100 richest individuals has exceeded $1 trillion, as reported by Forbes. Over 80% of these tycoons are wealthier now than they were a year ago, bringing the total to an impressive $1.1 trillion—more than
Sensex Rises on Positive Global Cues
Indian equity indices opened higher on Thursday, buoyed by positive signals from US and Asian markets. By 9:50 a.m., the Sensex was up 93 points, or 0.11%, reaching 81,560, while the Nifty gained 29 points, or 0.12%, to hit 25,011. Early trading showed
Securitisation Volume Soars to Rs 70,000 Crore in Q2 FY25, Driven by Vehicle Financing
Securitisation volume in India surged by 56% year-on-year to Rs 70,000 crore in the second quarter of FY25, primarily fueled by vehicle financing, according to a report by CRISIL Ratings released on Wednesday. This increase was largely driven by significant issuances from key
RBI Maintains Repo Rate at 6.5% and Projects 7.2% GDP Growth for FY25
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5%, while maintaining its forecast for India’s real GDP growth at 7.2% for FY25. RBI Governor Shaktikanta Das noted that inflation is expected to
World Bank Signs $200 Million Agreement to Support Sri Lanka’s Economic Reforms
The World Bank and the Sri Lankan government have signed an agreement for an additional $200 million to support the country’s economic reforms, as announced in a statement from the World Bank on Monday. This funding is part of the Second Resilience, Stability,
RBI MPC Set to Maintain Status Quo; Focus on Repo Rate
As the Reserve Bank of India (RBI) prepares to announce the outcome of its Monetary Policy Committee (MPC) meeting on October 9, industry experts anticipate that the central bank will keep policy interest rates unchanged. They suggest that if food inflation continues to
Sensex Trades Higher Amid Positive Global Cues
Indian equity indices opened higher on Monday, buoyed by positive signals from US and Asian markets. As of 9:51 a.m., the Sensex was up 193 points, or 0.24 percent, trading at 81,882, while the Nifty gained 36 points, or 0.15 percent, reaching 25,051.
Rs 2,000 Crore WazirX Hack: Government Investigates as Users Await Refunds
The cryptocurrency exchange WazirX, which experienced a significant cyber theft of Rs 2,000 crore (approximately $234 million) in July, is now under investigation by top government agencies as millions of users await refunds for their lost digital assets. Officials from the Financial Intelligence
Middle East Crisis Hits Indian Investors Hard: Rs 14 Lakh Crore Loss in Two Days
The Indian equity market experienced a significant downturn, closing deep in the red due to escalating conflicts in the Middle East. Investors have collectively lost over Rs 14 lakh crore in just two trading sessions, with the total market capitalization of listed companies
When to Take Social Security?
Dr K C Gupta, YBB Personal Finance You can start collecting Social Security benefits early at age 62 with up to 30% penalty (graduated) or delay benefits up to age 70 with up to 32% bonus (graduated). The full retirement age (FRA) is
Adani Group and Google Collaborate to Boost Clean Energy Adoption in India
The Adani Group and Google have announced a partnership aimed at enhancing their sustainability goals and increasing the amount of clean energy supplied to India’s national grid. Under this collaboration, the Adani Group will provide clean energy from a new solar-wind hybrid project
Israel-Iran Conflict: India Inc Prepares for Wider Disruption in Sea Trade
With escalating tensions in the Middle East, particularly between Israel and Iran, India Inc is bracing for significant trade disruptions along the critical Red Sea route. Israel has vowed to retaliate following missile attacks attributed to Iran, raising concerns among industry experts that
Vistara to Adopt ‘AI2’ Flight Number After Merger with Air India Next Month
Air India announced on Wednesday that flights operated by Vistara will begin using the flight code ‘AI2’ following the merger of the two airlines next month. While the integration will officially take place on November 12, Air India assured that the Vistara experience
Nigeria Secures $1.57 Billion Loan from World Bank
Nigeria has secured a new loan of up to $1.57 billion from the World Bank aimed at enhancing human capital through improved health services for women, children, and adolescents, while also building resilience against climate change. The financing package includes approximately $500 million