Finance
RBI records sharp liquidity absorption as money market rates hover near 5% on Aug 3
The Reserve Bank of India withdrew roughly ₹2.44 trillion in net liquidity on August 3, with overnight repo activity reaching ₹4.62 trillion and weighted average rates staying close to 5 percent.
8 hrs ago|Finance
India Launches Biggest LIC Stake Sale Since IPO, Targets Up to $3.3 Billion
The Indian government has launched its largest stake sale in Life Insurance Corporation of India (LIC) since the insurer’s landmark 2022 stock-market debut. The transaction could raise as much as $3.3 billion, while increasing public ownership in the state-controlled insurance giant.
1 day ago|Finance
Rupee Gains 3 Paise to 95.34 Against US Dollar in Early Trade
The Indian rupee opened on a firmer note against the US dollar, gaining 3 paise to trade at 95.34 in early dealings. The modest appreciation reflects an early improvement in the domestic currency, while traders continue to assess broader global currency movements and financial-market conditions
1 day ago|Finance
Oil-Sensitive Stocks Rally as Crude Tumbles 6%; IndiGo, BPCL, IOCL, IGL and Adani Total Gas Lead Gains
Oil-sensitive stocks moved sharply higher after crude oil prices fell around 6%, improving sentiment toward companies whose costs or margins are closely linked to energy prices. IndiGo, BPCL, IOCL, IGL and Adani Total Gas were among the prominent gainers as investors assessed the potential benefits of cheaper crude.
2 days ago|Finance
Stock Market Close: Sensex Ends 544 Points Higher, Nifty Gains 391 Points After New Closing Auction Session
Indian equities finished the trading session firmly higher, with the Sensex gaining 544 points and the Nifty advancing 391 points. The gains came as the market experienced a new closing auction session, putting the spotlight on both the strong finish and the evolving mechanism used to determine closing prices.
2 days ago|Finance
India’s Manufacturing Activity Slips to Near Five-Year Low in July but Still Signals Solid Growth
Market Cap of 9 Most Valued Firms Jumps ₹2.51 Trillion; Bajaj Finance Emerges Biggest Winner
RBI Special Forex Swap Facility Draws Over ₹3.89 Lakh Crore by July-End; FCNR(B) Deposits Lead Inflows
Swiggy narrows Q1 FY27 loss to Rs 791 crore as revenue jumps 37%
Swiggy’s Food Delivery Profit Slips as LPG Disruption Hits Margins
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Finance Ministry Urges Faster Policy Action to Navigate Evolving Global Economic Challenges
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Government Clears RBI’s Trial of ₹10 and ₹20 Polymer Notes, Confirms Paper Currency Will Continue
The Central Government has approved the Reserve Bank of India’s proposal to conduct pilot trials of ₹10 and ₹20 polymer banknotes. Authorities have clarified that the initiative is only an experimental project and that there are currently no plans to replace existing paper currency across the country.