India Financial News

09.06 / 09:28

markets Platform trends social reports rights Mutual fund investors lose rightful gains! Here’s what happened with orders on Lok Sabha poll results day

The Indian stock market witnessed a massive sell-off on June 4, the day when votes for the Lok Sabha polls were counted. Intraday, front-line indices, including Sensex and Nifty, plunged as much as 8% after early trends started suggesting that the BJP-led NDA was not achieving the 400+ seats which it aimed for.

09.06 / 09:27

markets UPS Citi Election reports rights Election Results: Real estate prices in THIS city surge up to 100% in 3 days – Thanks to Chandrababu Naidu

We have seen in the past how election results sway stock markets in India, adding or wiping out investor wealth by lakhs of crores of rupees within a few hours. This time, on June 4th, when the counting of votes for the Lok Sabha election results was underway, the Indian stock market nosedived, wiping out over Rs 20 lakh crore of investor wealth. However, since then, we’ve witnessed a massive revival in stock prices, with the Nifty rebounding over 10% from its intraday lows on June 4th. The jitters among investors were created on election results day after it emerged that the BJP-led NDA would have to settle with a much lesser number of seats than expected.

09.06 / 09:27

markets COST Provident CEO economy Align Sustainability Expect stability in interest rates for prospective homebuyers in short term: Developers

In its post-election RBI policy announcement, the MPC opted to maintain the repo rate at 6.5% for the eighth successive time. The RBI’s cautious stance reflects acknowledgment of persistent food inflation alongside a robust growth trajectory, evident in the revised growth forecast for FY25, now elevated to 7.2% from 7%.

09.06 / 09:27

UPS Digital CEO Platform security prevention RBI to set up Digital Payments Intelligence Platform to check payment frauds – Here’s all you need to know

The Reserve Bank of India (RBI) will set up Digital Payments Intelligence Platform to check growing instances of digital fraud, Governor Shaktikanta Das said on Friday.

09.06 / 09:27

UPS Citizens wellness information SBI Vs HDFC Bank Vs ICICI Bank Vs Canara Bank Vs Yes Bank fixed deposits: Which bank is offering best FD rates?

The fixed deposit rates of small and large banks as well as non-bank lenders keep changing periodically, depending on various factors including the interest rate regime guided by the Reserve Bank. Many major banks including, SBI and Yes Bank, have revised their fixed deposit interest rates recently.

09.06 / 09:27

COST Citi CEO economy Sustainability wellness Unchanged repo rate bodes well for housing sector, say property consultants

The Reserve Bank of India today decided to keep the repo rate unchanged at 6.5%, leading to a rate pause for the eighth consecutive time. This decision bodes well for the housing sector which is already witnessing a strong demand across the country.

09.06 / 09:27

COST Provident Booking Citizens security actress Features Raheja Developers launches Surakshit Nivesh Yojana for Delhi Mall Complex

Following the success of Phase 1, Raheja Developers has announced the launch of the ‘Surakshit Nivesh Yojana Scheme’ (Phase 2) at the Delhi Mall Complex project, Main Patel Nagar Road, New Delhi. Renowned actress and environmental activist Dia Mirza inaugurated the scheme.

09.06 / 09:27

Provident Digital Platform security Mobile innovations Features How to get a Virtual Credit Card? Validity, benefits – Here’s everything you need to know

Digital transactions are becoming increasingly prevalent in India. Among the innovations driving this shift is the virtual credit card (VCC). A virtual credit card is a digital counterpart of a physical credit card, designed primarily for online transactions. Issued by banks, a virtual credit card is essentially a temporary card number that links to your actual credit card account. This number can be used for making purchases on e-commerce platforms, thereby offering an extra layer of security.

09.06 / 09:27

markets Platform security Pool Trade reports MF investors feel shortchanged after payment glitch

Mutual fund investors were left in a lurch on Tuesday when they placed orders hoping to buy the dip after market crash but their allotments reflected the next day’s Net Asset Value (NAV) after market recovered half its losses.

09.06 / 09:27

COST UPS Metro Experts rowing RBI Policy: Good news for fixed deposit holders! FD rates may rise further – Here’s how

The Reserve Bank of India (RBI) maintained status quo on key interest rate yet again on Friday, while announcing its second bi-monthly monetary policy decison for the current financial year.

09.06 / 09:27

Provident security Mobile Healthcare students evacuation peace Guardians of hope: A year-long journey of the Indian Army towards peace in Manipur

The Indian Army has been present in Manipur since the early days of independence, working to address security concerns. In May 2023, violence erupted in the region due to deep-rooted grievances, ethnic tensions, and external influences, leading to instability. Over the past year, the Army has been committed to restoring peace and normalcy, facing many challenges along the way.

09.06 / 09:27

UPS Election cover reports recommendations 8th Pay Commission Salary Structure: How much pay hike central govt employees can expect!

8th Pay Commission Salary Structure: Over a crore government employees and pensioners are eagerly awaiting the formation of the 8th Pay Commission, which will submit its recommendations to the government regarding an increase in the salary of government staff.

09.06 / 09:27

COST Target CEO Strategy band Profiles NOT Your home loan EMIs may not come down soon as RBI keeps repo rate unchanged

In its latest monetary policy review, the Reserve Bank of India (RBI) maintained the repo rate at 6.5% for the eighth consecutive time on Friday, amidst a backdrop of declining inflation and robust GDP growth. The apex bank’s decision is aimed at stabilising inflation within the target range of 2-6%. However, it has some implications for home loan borrowers, both existing and new. With borrowing costs remaining high, it is crucial for borrowers to adopt new strategies to manage their home loans more efficiently.

09.06 / 08:41

markets COST Sustainability Immunic Trade Cycling The case for drowning the float in the T+0 era

Mint Explainer: What is T+0 settlement and how will it benefit investors? India’s financial market has evolved from ambiguous settlement dates to highly efficient T+0 (same-day) settlements. However, this has not been accompanied by a reduction in the float.

09.06 / 07:29

markets UPS Target Trade Experts recommendations Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests buying Larsen & Toubro, and Axis Bank tomorrow

Stock Market News: The domestic benchmark indices, the Sensex and Nifty 50, rose more than 2% to reach new highs on Friday after the Reserve Bank of India (RBI) increased the GDP growth forecast to 7.2% for 2024-25 from 7% before.In day trading, the 30-share BSE Sensex rose 1,720.8 points, or 2.29%, to a new record high of 76,795.31. The benchmark closed at a record high of 76,693.36, up 1,618.85 points, or 2.16%.The NSE Nifty rose 498.8 points, or 2.18%, to 23,320.20 throughout the day, trailing just the record intraday high by 18.5 points.

09.06 / 07:29

Progressive Aware stage blues reports cricket Rohit Sharma raises concerns about New York pitch ahead of India vs Pakistan T20 World Cup match: ‘Curator is confused’

Rohit Sharma also raised concerns about the pitch and the outfield, saying that the pitch behaves differently on different days.Speaking to reporters on Saturday, Rohit said, “New York is not our home ground. We have played two matches here but we don't have much awareness about its nature. It behaves differently on different days, so even the curator is confused""The outfield is slow.

09.06 / 07:29

markets UPS IPO FIVE Experts reports Mcap of top 10 companies jump ₹3.28 lakh crore; TCS, HUL, RIL lead the pack

₹3.28 lakh crore in market valuation last week, according to a PTI report. Tata Consultancy Services (TCS), Hindustan Unilever (HUL), and Reliance Industries (RIL) were the top performers.Overall, RIL maintained its position as the most valued company, followed by TCS, HDFC Bank, Bharti Airtel, and ICICI Bank rounding off the top five.

09.06 / 07:29

Ball show stars Commentary cricket Sporting IND vs PAK T20 World Cup 2024 match: Will June 9 produce another thriller as India lock horns with Pakistan?

cricket.Pakistani fans were heartbroken. However, Babar Azam knows that everything will be forgotten if they win against India. However, winning against India is unlikely to be easy.In the last 5 completed matches, India emerged victorious in all of them.

09.06 / 06:01

UPS WhatsApp community guidelines Schools Features Meta's Messenger gets WhatsApp-like ‘Communities’ feature. Here's how it works

Meta also offered admins the ability to create up to 5,000 member communities that chat in real time, but it previously required group members to be part of the same Facebook Group.The new feature is likely to be useful for organisations, schools and other private groups, helping them to interact in a much more co-ordinated and structured way.Explaining how communities on Messenger will work in a support page, Meta states, “You can create a dedicated community on Messenger to connect with people with shared interests. These communities are managed by community admins, and can be found and joined by anyone on Messenger.

09.06 / 06:01

markets IPO security Strategy Enterprise band travelers Upcoming IPOs: 2 new public issues and 4 new listings to keep primary market busy next week

Week Ahead: Inflation data, US Fed policy, global cues among key market triggers as Nifty 50 eyes 23,500 this weekLunawat further added, “We believe that companies with good fundamentals will go public & attract large amounts of capital from street. The upcoming Union Budget will be a crucial trigger for understanding the new government’s strategy for the economy."The primary market will take a breather as only two new public issues are set to open in the coming week.

09.06 / 06:01

markets Merit Strategy economy Election Research Experts Value vs growth stocks: What should investors prefer amid Indian stock market optimism? Here's what experts say

5 key money lessons on value investing one can learn from Warren BuffettExperts point out that growth and value are two distinct investment philosophies that represent contrasting approaches, each with its own set of merits and risks.Value stocks are shares of companies that appear to be priced lower than their true worth. These companies usually have stable finances, steady earnings, and low valuation measures. Investors in value stocks look for bargains—stocks that are temporarily unpopular or ignored by the market, hoping their true value will eventually be recognised, leading to price increases.

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