Finnifty, also known as Nifty Financial Services, is a share market index that comprises 20 financial stocks from various financial institutions and companies listed on the National Stock Exchange.
UPI transactions hit an all-time high in May with 14.04 billion transactions valued at 20.45 trillion rupees, marking significant growth from April. IMPS also saw a modest increase in both transaction volume and value.
India's GDP growth for Q4 FY24 has surged to 7.8%, a significant improvement from last year's 6.1% and the previous quarter's 8.4%. The strong growth is driven by increased infrastructure spending and robust urban demand.
In June 2024, banks in India will observe holidays on all Sundays and the second and fourth Saturdays as per usual practice. Additional holidays include YMA Day/Raja Sankranti in Mizoram and Odisha on June 15, and Eid-Ul-Adha on June 17 and June 18, with regional variations​.
Union Minister Rajeev Chandrasekhar announced that Apple is expanding its ecosystem in India, supporting the 'Make in India' initiative and increasing exports.
Google is set to layoff 200 employees from its core team while shifting its hiring focus to India and Mexico. This move is part of a cost-saving measure, aiming at sustainable growth.
Despite the optimistic outlook, the report highlighted persistent structural challenges that could impede sustained growth in the region.
Ekagrah Rohan Murty's newfound ownership comprises 15,00,000 shares, representing a 0.04 percent stake in Infosys, India's second-largest IT services company.
The Supreme Court's decision on March 11 denied SBI's plea for an extension until June 30, 2024, to disclose details pertaining to electoral bonds encashed by political parties, including the encashment date and denomination.
The announcement, made jointly by Paytm and PPBL, signals a significant shift in their corporate strategy towards enhancing the autonomy of PPBL and fostering its independent governance structure.
Following the announcement, brokerage firm Macquarie released a note interpreting Sharma's resignation as an attempt to "salvage some value from Paytm Payments Bank" by signaling a willingness to relinquish control.
The decision, reached during the EPFO's apex decision-making body, the Central Board of Trustees (CBT) meeting on February 10, sets the interest rate at 8.25 per cent, marking a notable increase from the previous year's rate.
The decision was announced following the resolution of the Monetary Policy Committee (MPC) meeting held from February 6 to 8, 2024.
The Brand Guardianship Index is a global acknowledgment of CEOs who contribute to business value sustainably by balancing the needs of stakeholders.
The advisory comes as a proactive measure to protect the financial interests of small traders, vendors, hawkers, and women who heavily rely on Paytm for their transactions.
The Reserve Bank of India (RBI) has issued a directive prohibiting Paytm Payments Bank Limited (PPBL) from accepting deposits or top-ups in any customer account, including wallets and FASTags.
Benchmark stock market indices fell sharply at the closing bell on Tuesday, sharply reversing gains in early trade.
Finance Minister Nirmala Sitharaman has indicated that the interim budget on February 1 will not feature major announcements.
Future Generali India Insurance reports increased consumer interest in customised health insurance policies. The Covid-19 pandemic has led to a re-evaluation of insurance needs, contributing to the company's growth.
In a bid to boost the technology sector, India has eased import restrictions on laptops and computers. The shift in focus to monitoring aims to ensure all imported goods meet necessary standards.
Copyright©2024 Living Media India Limited. For reprint rights: Syndications Today