The Indian rupee appreciated 16 paise to ₹84.61 against the US dollar in early trade on Friday, following a weaker dollar and an overnight decline in crude oil prices. The rupee’s rise comes after a sharp 45-paise depreciation in the previous session, which was triggered by geopolitical tensions stemming from India’s military strikes against terror…
Equity benchmark indices Sensex and Nifty faced heavy volatility on Wednesday morning trade after India launched missile strikes on terrorist hideouts in Pakistan and Pakistan-Occupied Kashmir. The Sensex hit the day’s high of 80,844.63 and an intra-day low of 79,937.48. The NSE Nifty hit a high of 24,449.60 and a low of 24,220. Both the…
New Delhi, May 6: Copper futures prices rose 0.37 percent to Rs 849.10 per kg on Tuesday due to increased spot demand.The price of copper contracts for June delivery on the Multi Commodity Exchange rose by Rs 3.15 or 0.37 percent to Rs 849.10 per kg in a business turnover of 747 lots.Analysts attributed the…
Gold prices in India jumped ₹550, reaching ₹97,350 per 10 grams, driven by global market trends and a weaker dollar. Meanwhile, silver prices declined ₹400, settling at ₹96,700 per kg, reflecting volatility in the precious metals market. According to the All India Sarafa Association, gold of 99.9% purity had closed at ₹96,800 per 10 grams…
The Reserve Bank of India (RBI) has imposed monetary penalties on ICICI Bank, Bank of Baroda, Axis Bank, IDBI Bank, and Bank of Maharashtra for lapses in regulatory compliance. The fines, ranging between ₹29.60 lakh and ₹97.80 lakh, were issued under various provisions of the Banking Regulation Act, 1949. Among the five banks penalized, ICICI…
India has emphasized that resolving non-tariff barriers (NTBs) faced by businesses is just as crucial as addressing import duty issues for meaningful progress in Free Trade Agreement (FTA) negotiations with the European Union (EU). During a meeting in Brussels, Commerce and Industry Minister Piyush Goyal and European Commissioner for Trade and Economic Security Maros Sefcovic…
IndusInd Bank’s shares fell over 3% on Wednesday following the resignation of its Managing Director and CEO, Sumant Kathpalia. The stock dropped to ₹810.40 on the BSE and ₹810.05 on the NSE, reflecting investor concerns over governance and financial reporting issues. Kathpalia stepped down on April 29, 2025, citing “moral responsibility” for accounting lapses in…
Equity benchmark indices Sensex and Nifty surged in early trade today, driven by persistent foreign fund inflows and easing tariff concerns. The 30-share BSE Sensex jumped 442.94 points to reach 80,661.31, while the NSE Nifty rallied 129.15 points to 24,457.65. Among the top gainers were Tata Motors, Reliance Industries, IndusInd Bank, Bharti Airtel, Mahindra &…
India’s industrial growth, as measured by the Index of Industrial Production (IIP), showed a significant improvement in March 2025, rising to 4.3% year-on-year from 2.9% in February. This growth was primarily driven by increased activity in the manufacturing and mining sectors. However, the growth in March was still lower than the 5.5% recorded in the…
India’s equity market has demonstrated remarkable resilience despite the uncertainties caused by the ongoing global trade war. A recent report highlights that the BSE 500 index recorded a 6.25% gain in March, marking its best monthly performance in 15 months. This indicates that much of the market excess has likely been corrected, showcasing India’s strong…
