Investors’ wealth tumbled by Rs 9 lakh crore on Friday, in tandem with a sharp decline in the domestic equity market, where the benchmark Sensex plunged 1,414 points following a bearish trend in global equities. Photograph: PTI Photo from the
A 32% correction in the Nifty PSE Index since August last year has erased ₹25 lakh crore of investor wealth, highlighting that the recent selloff in the Indian market has spared no Dalal Street favourites. Over the same period, the
By Rae Wee and Brigid Riley SINGAPORE (Reuters) – Bitcoin hit its lowest since November and was set for its biggest weekly fall in over two years, swept up in a sell-off in tech stocks at a time when a
Retirement fund body EPFO on Friday retained an interest rate of 8.25 per cent on employees’ provident fund (EPF) deposits for 2024-25, sources said. In February 2024, the Employees’ Provident Fund Organisation (EPFO) had increased the interest rate on EPF
The Union government on Thursday appointed Finance Secretary Tuhin Kanta Pandey as the 11th chairman of the capital market regulator, Securities and Exchange Board of India (SEBI). IMAGE: Tuhin Kanta Pandey. Photograph: ANI Photo The Odisha-cadre Indian Administrative Service (IAS)
Benchmark stock indices Sensex and Nifty closed flat on Thursday in a volatile trade amid unabated foreign fund outflows and monthly derivatives expiry. The 30-share BSE Sensex eked out gains of 10.31 points or 0.01 per cent to settle at
‘It is imprudent on the part of Indian insurance companies to invest out of the shareholders’ fund in a private limited company.’ IMAGE: Debasish Panda, chairman, Irdai. Photograph: ANI Photo Indian insurance companies investing in the Bima Sugam India Federation
Kernex Microsystems (India) Ltd on Thursday (February 27) announced that South Eastern Railway has issued a letter of acceptance (LoA) to the KERNEX-MRT consortium for the supply, installation, testing, and commissioning of the Kavach safety system on “GO & GO”
Indian stock market has been under immense selling pressure since October last year. This has dragged the benchmark Nifty 50 down by over 14 per cent from its record high of 26,277.35 which it hit on September 27. The broader
Industry insiders in India warn that any such move in the pharmaceutical sector could be counterproductive for the US as it may face increased drug shortages if tariffs are imposed on such imports. IMAGE: US President Donald Trump. Photograph: Evelyn
