India Financial News

Reserve Bank of India (RBI) follows the US Federal Reserve System, the governor has emphasized on the central bank's independence from global influences.

Nagarjuna Fertilizers and Chemicals Ltd.(up 9.71%), Aries Agro Ltd.(up 3.22%), Madras Fertilizers Ltd.(up 3.03%), Southern Petrochemicals Industries Corporation Ltd.(up 3.02%), Mangalore Chemicals & Fertilizers Ltd.(up 2.17%), Krishana Phoschem Ltd.(up 2.15%), Zuari Agro Chemicals Ltd.(up 2.04%), Rashtriya Chemicals & Fertilizers Ltd.(up 1.77%), Madhya Bharat Agro Products Ltd.(up 1.58%) and National Fertilizers Ltd.(up 1.42%) were among the top gainers.

financial freedom is a goal many aspire to but often struggle with due to a lack of knowledge and disciplined financial planning. Financial freedom fundamentally means having enough savings, investments, and cash on hand to afford the lifestyle of one's choice without being reliant on a regular paycheck.While saving is crucial, it is equally important to understand that merely saving is not enough.

Also Read: RBI Monetary Policy LIVE Updates: RBI keeps repo rate unchanged at 6.5%; raises FY25 GDP growth forecast to 7.2%Prices of industrial metals have registered double-digit growth in the current calendar. year so far, these trends, if sustained, could accentuate the recent uptick in input cost conditions for farms.

Delhi will experience light rain and thunderstorms on Friday, with the minimum temperature recorded at 28 degrees Celsius.According to the India Meteorological Department (IMD), the humidity was 46 per cent at 8:30 a.m.A strong dust storm hit several parts of Delhi-NCR overnight.Also Read: Alerts for heavy rainfall issued in Mumbai, Thane, Pune, other Maharashtra districts till June 10 | Full IMD forecastThe city is experiencing a change in the weather due to the impact of a new western disturbance.The MeT has forecast a partly cloudy sky with a dust storm or thunderstorm along with light showers.The maximum temperature is likely to settle around 43 degrees Celsius.The weather agency in its latest weather bulletin said, “Isolated to scattered very light to light rainfall with thunderstorm, lightning & gusty winds (40-50 kmph) very likely over Punjab, Haryana-Chandigarh-Delhi, Uttar Pradesh and Rajasthan during 06th-07th June, 2024. Duststorm very likely over Punjab, Haryana-Chandigarh-Delhi, Uttar Pradesh on 06th and Rajasthan during 06th-07th June, 2024.

Bank Nifty was up by 281.35(0.57%) at 07 Jun 2024 10:44:58 IST.Other stocks such as Compuage Infocom, Future Supply Chain Solutions, Morarjee Textiles, Ambica Agarbathies & Aroma, Secur Credentials hit their fresh 52 wk lows today.

KM Sugar Mills Ltd.(up 7.63%), Magadh Sugar & Energy Ltd.(up 6.51%), Ponni Sugars(Erode)Ltd.(up 6.08%), Rajshree Sugars & Chemicals Ltd.(up 6.03%), KCP Sugar & Industries Corporation Ltd.(up 5.34%), Bajaj Hindusthan Sugar Ltd.(up 4.96%), Dhampur Sugar Mills Ltd.(up 4.92%), Uttam Sugar Mills Ltd.(up 4.88%), Shree Renuka Sugars Ltd.(up 4.67%) and Sakthi Sugars Ltd.(up 4.63%) were among the top gainers.

RBI) Governor, Shaktikanta Das, on Friday announced establishing a digital payments intelligence platform owing to recent surge in bank, digital frauds.

monetary policy meeting, the Reserve Bank of India (RBI) announced the inclusion of recurring payments for Fastag, National Common Mobility Card (NCMC), etc. with auto-replenishment facility under the e-mandate framework.

Reserve Bank of India has seen some moderation in certain loans and advances after it flagged concerns around unsecured retail lending in November, Governor Shaktikanta Das said on Friday. It also said that banks must maintain a prudent balance between assets and liabilities.

Lupin Ltd. traded 2.52 per cent up in Friday's trade at 11:00AM (IST). Around 13,857 shares changed hands on the counter. The scrip opened at Rs 1622.15 and touched an intraday high and low of Rs 1649.95 and Rs 1617.95, respectively, in the session so far. The stock of Lupin Ltd. quoted a 52-week high of Rs 1727.9 and a 52-week low of Rs 805.4.

Apollo Tyres Ltd.(up 2.17 per cent), Balkrishna Industries Ltd.(up 2.04 per cent), Samvardhana Motherson International Ltd.(up 1.91 per cent), Bharat Forge Ltd.(up 1.29 per cent) and Ashok Leyland Ltd.(up 1.22 per cent) were among the top gainers.

digital payments frauds, the Reserve Bank of India (RBI) has proposed to set up a digital payments intelligence platform. RBI Governor Shaktikanta Das announced on June 7, 2024, «The Reserve Bank has taken a number of measures over the years to deepen digital payments while ensuring their safety and security.

The NSE Nifty index was trading 220.0 points up at 23041.4, while BSE Sensex was up 742.85 points at 75817.36 at the time of writing this report.

Bank of India (RBI) announced that UPI Lite will now be integrated with the e-mandate framework which will help in auto replenishment of UPI Lite balance. Governor Shaktikanta Das said that this integration will enhance the ease of making small value digital payments. «The UPI Lite facility currently allows a customer to load his UPI Lite wallet upto Rs 2000 and make payments upto Rs 500 from the wallet.

CoinDCX Prime, a service specifically designed for High-Net-Worth Individuals (HNIs), Family Offices, and Institutional Investors. This initiative is in response to a significant increase in HNI and institutional participation in the Indian crypto market. With the launch of CoinDCX Prime, the company aims to attract substantial HNI and institutional investment, targeting $100 million in assets under management (AUM) by 2025.

Natco Pharma Ltd.(up 3.72 per cent), Lupin Ltd.(up 1.87 per cent), Granules India Ltd.(up 1.3 per cent), Alkem Laboratories Ltd.(up 1.25 per cent) and Dr. Reddy's Laboratories Ltd.(up 1.05 per cent) were among the top gainers.

Pokarna Ltd.(up 5.25%), Sandur Manganese & Iron Ores Ltd.(up 2.77%), NMDC Ltd.(up 2.21%), Madhav Marbles & Granites Ltd.(up 1.76%), Ashapura Minechem Ltd.(up 1.69%), Lexus Granito(India)Ltd.(up 1.67%), Oriental Trimex Ltd.(up 1.51%), The Orissa Minerals Development Company Ltd.(up 0.85%), Aro Granite Industries Ltd.(up 0.57%) and Gujarat Mineral Development Corporation Ltd.(up 0.18%) were among the top gainers.

Tube Investments of India Ltd. rose 2.04 per cent to Rs 3940.6 at 10:25AM hours (IST) on Friday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 3,233 shares with a turnover of Rs 1.27 crore till 10:25AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 62.2, while the price-to-book value ratio stood at 14.15.

Wipro, Mphasis and Coforge and Persistent Systems were almost 4 per cent, while those of Infosys, Tech Mahindra, HCL Tech and TCS were up 1-2 per cent at that time.The IT pack has been in the green for the last three consecutive sessions. On June 5, the index jumped 2.39 per cent, and on June 6, it gained 2.83 per cent.Experts say most IT stocks are gaining as investors rotate money and play defensive due to the uncertainty surrounding the new government formation."Most market participants are trying to be defensive because of uncertainty on the government formation front.

personal finance deadlines and events in India. Here’s a concise overview of some essential points to remember:Form 16: Employers typically provide employees with Form 16, a summary of their income and tax deductions for the previous fiscal year (2023–24), by June 15.For Indian employees, Form 16 is a crucial document. It is issued by your employer as a Tax Deduction at Source (TDS) certificate, which you subsequently turn in to the Department of Income Taxation.