Business News

Sensex settles above 63,000 for first time, Nifty ends above 18,750
business

Sensex settles above 63,000 for first time, Nifty ends above 18,750

During the day, the Sensex jumped 621.17 points or 0.99 per cent to 63,303.01, its lifetime intra-day peak

Rupee gains 34 paise to close at 81.38 against US dollar
business

Rupee gains 34 paise to close at 81.38 against US dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.29 per cent to 106.51

India's economic growth to decline to 5.9% in 2023, predicts Goldman Sachs
business

India's economic growth to decline to 5.9% in 2023, predicts Goldman Sachs

For 2023, it has pegged the GDP growth at 5.9 per cent compared to projected expansion of 6.9 per cent in 2022. Growth is expected to be a tale of two halves, with a slower first half in 2023 as the reopening boost fades and monetary tightening weighs on domestic demand

$740M in crypto assets recovered in FTX bankruptcy so far
business

$740M in crypto assets recovered in FTX bankruptcy so far

The company tasked with locking down the assets of the failed cryptocurrency exchange FTX says it has managed to recover and secure $740 million in assets so far, a fraction of the potentially billions of dollars likely missing from the company's coffers.

E-rupee launch tomorrow: Who can use RBI’s digital currency?
explainers

E-rupee launch tomorrow: Who can use RBI’s digital currency?

The RBI will begin the first phase of the pilot for the retail Digital Rupee with a select number of banks. A closed user group (CUG) consisting of participating customers and merchants in Mumbai, New Delhi, Bengaluru and Bhubaneswar would be able to use the currency

Cupronickel Re 1, 50 paise coins going out of circulation? All you need to know
business

Cupronickel Re 1, 50 paise coins going out of circulation? All you need to know

According to the official notification by ICICI Bank branch, some coins cannot be reused under RBI regulations. These include Cupronickle coins of some denominations

Atomberg in talks with investors to raise funds at $425 million valuation: Report
business

Atomberg in talks with investors to raise funds at $425 million valuation: Report

With the launch of mixer grinders, Atomberg Technologies has also expanded its business to kitchen appliances. The company has hired Avendus Capital to scout for investors

What is PM SVANidhi Scheme? Check loan structure and application process here
business

What is PM SVANidhi Scheme? Check loan structure and application process here

The person must have an Aadhaar Card and a valid active bank account to apply for a loan under the PM SVANidhi Scheme

Ex-NSE official Sundararaman Ramamurthy to take control of BSE; details here
business

Ex-NSE official Sundararaman Ramamurthy to take control of BSE; details here

Ramamurthy's responsibility will be to expand the exchange's market share in the industries where it has already established a stronghold

What is ELSS? Check how it is better for saving taxes than PF, PPF and other schemes
business

What is ELSS? Check how it is better for saving taxes than PF, PPF and other schemes

ELSS comes with a Systematic Investment Plan (SIP) option, so salaried individuals are able to keep investing their monthly income into this mutual fund

SHF hikes interest rate on fixed deposits of various tenures, check latest rates here
business

SHF hikes interest rate on fixed deposits of various tenures, check latest rates here

According to the latest Sundaram Home Finance interest rates, senior citizens will get a 7.5 percent interest on term deposits maturing in 24 months

Rupee gains 17 paise to 81.55 against US dollar
business

Rupee gains 17 paise to 81.55 against US dollar

Forex traders said investors will focus on the US Federal Reserve Chairman Jerome Powell's speech and the release of key domestic macro economic data for further cues

Prannoy Roy, wife Radhika resign from NDTV board: Does Adani own the media network now?
explainers

Prannoy Roy, wife Radhika resign from NDTV board: Does Adani own the media network now?

Prannoy Roy and his wife Radhika, founders of NDTV, have resigned as directors on the board of RRPR Holding, the promoter group vehicle of the media network. The Adani group, which has 29.18 per cent stake in the firm, has come out with an open offer to buy another 26 per cent from the public

Sensex gains 184 points to 62,866, Nifty advances to 18,680 in early trade
business

Sensex gains 184 points to 62,866, Nifty advances to 18,680 in early trade

Among the Sensex pack, Mahindra & Mahindra, Dr Reddy's, Tata Steel, Nestle, Asian Paints, HDFC Bank, HDFC, ICICI Bank and UltraTech Cement were the major gainers

Gold price today: 10 grams of 24-carat stands at Rs 52,970; silver at Rs 61,400 per kilo
business

Gold price today: 10 grams of 24-carat stands at Rs 52,970; silver at Rs 61,400 per kilo

The Multi Commodity Exchange figures reveal that gold futures that are set to mature on 3 February 2023, rose 0.16 percent to Rs 53,070.00. Silver futures, which will mature on 3 March next year, also climbed 0.21 percent to Rs 62,970.00

India to launch retail Digital Rupee on pilot basis: Which other countries have CBDC?
explainers

India to launch retail Digital Rupee on pilot basis: Which other countries have CBDC?

On 1 December, India will join the list of countries that have introduced a Central Bank Digital Currency (CBDC). From China to The Bahamas, around 100 nations are exploring centralised virtual currency at some level or another

Toyota India vice chairman Vikram Kirloskar passes away
business

Toyota India vice chairman Vikram Kirloskar passes away

Vikram Kirloskar, the fourth generation head of the Kirloskar Group, had held several important positions at CII, SIAM and ARAI over the course of a distinguished career

Uniparts India’s IPO opens today: Check lot size, price band and other details
business

Uniparts India’s IPO opens today: Check lot size, price band and other details

Uniparts India will not be getting any proceeds from the issue as the IPO is entirely an Offer For Sale. The shares are expected to be listed on 12 December

Petrol Diesel Price: Know latest petrol, diesel prices in your city
india

Petrol Diesel Price: Know latest petrol, diesel prices in your city

Today is the 192nd consecutive day when there has been no change in the price of petrol and diesel in India. Thus, there has been some relief for the common people on the inflation front

How to invest in stocks? Know steps to get started
business

How to invest in stocks? Know steps to get started

If you are looking to achieve your long-term financial goals, then you should begin investing in the stock market