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Financial Inclusion-Index rises to 64.2 in March 2024

July 10, 2024 04:15 IST

The index captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion.

Equity mutual fund inflows rose by 17%, touched all-time high of Rs 40,600 crore in June: AMFI data

July 9, 2024 22:37 IST

The debt oriented mutual fund schemes saw net outflows of Rs 1,07,357.62 crore, compared to inflows of Rs 42,294.99 crore.

Employment rate rises 6% provisionally in FY24 from 3.2% in FY23: RBI data

July 9, 2024 05:00 IST

Female unemployment rate declined from 9.2 per cent in January–March 2023 to 8.5 per cent in January–March 2024.

Adi-Nadir Godrej family buys stake worth Rs 3,803 crore in Godrej Industries

July 9, 2024 05:00 IST

Godrej Industries shares closed at Rs 899.90 on the BSE on Monday

LabourMin: Citigroup report fails to account for positive jobs data from official sources

July 9, 2024 04:55 IST

Citing data from RBI data, Labour Ministry said it indicates more than 8 crore employment opportunities created between 2017-18 to 2021-22 translating to an average of over 2 crore employment per year.

Life insurers post 22.91% growth in Q1 new business premium

July 9, 2024 04:25 IST

According to data released by the Life Insurance Council, the new business premium (NBP) increased to Rs 89,726.7 crore in the first quarter of FY25 from Rs 73,004.87 crore in the same period of last year.

MSME bodies urge RBI to double threshold period for SMA-2 stressed loan accounts

July 9, 2024 04:24 IST

The meeting, held in Mumbai at the RBI’s invitation, was presided over by Deputy Governors M Rajeshwar Rao and J Swaminathan.

Rupee falls 1 paisa to 83.50 against US dollar

July 8, 2024 16:27 IST

In the domestic equity market, the 30-share BSE Sensex ended the day 36.22 points, or 0.05 per cent, lower at 79,960.38 points. The broader NSE Nifty settled 3.30 points, or 0.01 per cent, up at 24,320.55 points.

Jobs, rural India likely to be focus of new Modi government’s first budget, says Goldman Sachs

July 8, 2024 13:05 IST

Goldman Sachs expects the budget to push labour intensive manufacturing through fiscal incentives across sectors like toys, textiles and apparel manufacturing, along with commercial aircraft manufacturing.

Crop insurance coverage declines in FY24 as four top insurers cut exposure

July 8, 2024 05:36 IST

Crop insurance premium underwritten had risen by 8.66 per cent to Rs 29,465 crore in the previous fiscal (FY23).

UP, West Bengal, Maharashtra had highest share of informal sector enterprises in 2022-23

July 8, 2024 08:01 IST

The decline is mainly due to the 32% fall in premium income underwritten by state-owned Agriculture Insurance Company (AIC) to Rs 9,890 crore during FY24 from Rs 14,619 crore a year ago, according to data released by the General Insurance Council.

Central Asia, Vietnam new buzzing destinations on Indian tourist mapSubscriber Only

July 8, 2024 19:13 IST

The trend of impulsive travel among India's upwardly mobile population has also contributed to the surge in demand.

Hindenburg shared Adani report with client two months before publishing it: Sebi

July 7, 2024 20:24 IST

Sebi charged Hindenburg of making 'unfair' profits from 'collusion' to use 'non-public' and 'misleading' information and induce 'panic selling' in Adani Group stocks.

Ola exits Google Maps, to save Rs 100 cr per year with in-house maps

July 7, 2024 17:04 IST

In 2017, Ola had partnered with Microsoft Azure to build a new connected vehicle platform for car manufacturers worldwide.

Optimistic of growing 2-3X every year, will surpass offline retailer DMart soon: Zepto CEO

July 7, 2024 04:54 IST

Zepto CEO Aadit Palicha, speaking at an event in Delhi on Saturday, said: "DMart is a $30-billion company and they are 4.5X our size in sales.

Bandhan Bank appoints Ratan Kumar Kesh as interim MD & CEO

July 6, 2024 18:23 IST

In a regulatory filing with the stock exchange on Saturday, the lender said Kesh will be the interim MD & CEO for three months or till the new incumbent takes charge, whichever is earlier.

PM’s goal to make India high-income country by 2047 unlikely, says Martin Wolf

July 6, 2024 08:02 IST

Wolf also said the obstacles to the necessary progress in India lie “overwhelmingly in domestic institutions, policies and politics”.

Retail, apparel dominate informal enterprises, employ most workers

July 6, 2024 04:25 IST

The use of the internet for entrepreneurial purposes has increased by 7.2 per cent, indicating a rapid rate of digitisation in the sector, MoSPI said.

SMEs on IPO spree in April, May as corporates mobilise nearly Rs 85,000 crore from equity offerings

July 6, 2024 08:05 IST

Leading the equity issuance surge during the first two months were IPOs from the small and mid-cap (SME) segment, with 44 of these companies getting listed in the first two months of the current fiscal (FY25).

Veg, non-veg thali prices rise in June

July 6, 2024 04:00 IST

The cost of the veg thali rose on-month mainly due to a rise in vegetable prices, with prices of potato, onion and tomato rising 9 per cent, 15 per cent and 29 per cent, respectively, due to lower arrivals, it said.

Mcap of BSE-listed firms hit all-time high of Rs 449.88 lakh crore

July 5, 2024 22:29 IST

The 30-share BSE Sensex dropped 53.07 points or 0.07 per cent to settle at 79,996.60, indicating market indecisiveness.

Gujarat FDI inflow’s sees 55% jump in FY 2023-24

July 5, 2024 20:46 IST

Gujarat has consistently grown in attracting FDI for three consecutive financial years by securing investments of $2.7 billion in FY2022, $4.7 billion in FY2023 and $7.3 billion in FY2024.

Retail prices of tomatoes in Delhi surge to Rs 70-80 per kg

July 5, 2024 19:56 IST

Mother Dairy, a leading supplier of fruits and vegetables in Delhi-NCR, is selling tomatoes at Rs 75 per kg through its retail 'Safal' stores. The local vendors are selling at Rs 70-80 per kg.

SAMIL raises USD 350 mn through issuance of notes

July 5, 2024 16:49 IST

The issue was oversubscribed six times with a peak order book in excess of USD 2.2 billion, it added.

Tariff hikes on Chinese goods and Red Sea crisis are fuelling container shortages, impacting exportersSubscriber Only

July 6, 2024 12:36 IST

At a review meeting in the Commerce Ministry last month, exporters brought up concerns of a sudden shortage of containers, pointing at structural weakness that has been hurting Indian goods exports since the COVID-19 pandemic.

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