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06 Jun

Market bullish: Sensex flourish 3.2%, Nifty closed above 22,600

Priyanka RoyBusiness, latest

A day after witnessing the worst trading session in four years, benchmark indices Sensex and Nifty recovered almost half of their losses on Wednesday after gaining over 3% each. The 30 share BSE Sensex closed at 74,382.24, up 2,303.19 points or 3.2 per cent. Nifty closed at 22,620.35, upturn 735.85 points or 3.36%. Sensex fell 4,389.73 points or 5.74% and Nifty 50 fell 1,379.4 points or 5.93% on Tuesday due to the unexpected Lok Sabha election result. Bharatiya Janata Party (BJP) got 240 seats, which is much less than the exit poll estimates. However, the BJP-led National Democratic Alliance (NDA) secured 294…

05 Jun

Sensex up 2.46% in morning trade, Nifty upturn 560 points

Priyanka RoyBusiness, latest

A day after the announcement of Lok Sabha elections, domestic stock market indices Sensex and Nifty, which opened nearly 1 percent higher on Wednesday (May 5), gained in morning trade.At 11:30 am, the Sensex rose 2.46% or 1,772.04 points to 73,851.09. The index opened at 73,027.88, up 1.32% compared to its previous close of 72,079.05. After opening with a gain of 243.85 points or 1.11%, the broader Nifty also jumped 2.56% or 560.5 points to hit an intraday high of 22,445. On Wednesday, the Sensex closed 4,389.73 points or 5.74% lower at 72,079.05, and the Nifty 50 fell 1,379.4 points or 5.93%…

05 Jun

Today is World Environment Day, know the history of this day

Banasree SarkarlatestWorld Environment Day

On this earth, all living beings, including humans, spend their time in the lap of nature from birth to death. This nature nurtures her child with the utmost love. Nothing that nature gives may be returned, but the beauty of nature becomes more and more naked due to human oppression. Celebrate World Environment Day by pledging to beautify nature this year. History of World Environment DayOn June 5, 1972, the United Nations Conference on the Human Environment was held in Sweden. World Environment Day has been celebrated on June 5 every year since 1973 to commemorate this day. The theme…

04 Jun

Gross GST revenue collection in May 2024 stands at ₹1.73 lakh crore; Recorded 10% upturn year-on-year

Priyanka RoyBusiness, latest

Mumbai: Gross goods and services tax (GST) revenue for May 2024 stood at ₹1.73 lakh crore. This represents a 10 percent year-on-year increase, driven by strong growth in domestic transactions (up 15.3%) and a slowdown in imports (down 4.3%). After accounting for refunds, the net GST revenue for May 2024 is ₹1.44 lakh crore, showing a growth of 6.9% over the same period last year.The gross GST collection in the financial year 2024-25 till May 2024 stood at ₹3.83 lakh crore. This represents an impressive growth of 11.3% year-on-year, driven by strong growth in domestic transactions (up 14.2%) and modest…

03 Jun

Sensex growth over 3.5% on optimistic exit poll results, Nifty crosses 23,300 points

Priyanka RoyBusiness, latest

Domestic equity indices opened at record highs on Monday after exit polls predicted a hat-trick for Prime Minister Narendra Modi in the results of the recently concluded Lok Sabha elections. Analysts said better than expected gross domestic product (GDP) of 8.2% in FY24 and S&P revising India's rating outlook to positive from stable also buoyed the market. BSE Sensex crossed the 76,500 mark for the first time on Monday. The 30 share index opened 2,621.98 points or 3.55% higher at 76,583.29. Nifty opened at a record high of 23.337.9 with a gain of 807.2 points or 3.58%. An average of…

03 Jun

Strong earthquake shook Japan again, houses were broken

Banasree SarkarlatestJapan

Japan was shaken by a terrible earthquake again. The Ishikawa region of the north-central region shook again at seven in the morning on Monday. Strong tremors were felt at seven o'clock on Monday. A 5.9-magnitude tremor was first felt in the northern part of Noto Island, the Japan Meteorological Agency said. A few minutes later, another tremor of 4.8 magnitude occurred. Then several smaller earthquakes were felt over the next two hours. Two houses collapsed due to strong tremors. However, there are no reports of casualties so far. Japan was shaken by a strong earthquake in January. There was also…

01 Jun

Bank credit grew 15.3% in April: RBI

Priyanka RoyBusiness, Economy, latest

The Reserve Bank of India (RBI) said the banking sector recorded higher credit growth in the first month of FY24, led by an increase in advances to the agriculture sector.On a year-on-year basis, non-food bank credit grow by 15. %3 in April compared with 16.2% growth a year earlier. In absolute terms, bank non-food credit stood at Rs 159.55 lakh Crore in April compared to Rs 138.38 lakh Crore in April 2023.RBI's sectoral deployment of bank credit for April 2024 showed that credit to agriculture and allied activities increased to 19.7% in April 2024 from 16.8% a year ago.Growth in…

31 May

India Q4 GDP data live updates: FY24 expansion likely to reach 8%, Q4 print moderate on agriculture slowdown

Priyanka RoyBusiness, Economy, latest

India Q4 GDP data live updates: India's gross domestic product (GDP) for the January-March quarter (Q4FY24) and full year (FY24) of the financial year 2023-24 (Q4FY24) will be released on Friday, May 31. The macroeconomic data will come only days before the high-stakes Lok Sabha election results 2024 on Tuesday, June 4.In the last October-December quarter (Q3FY24), the economy grew at the fastest pace in six quarters at 8.4% remaining the fastest-growing major economy in the world.In the current economic scenario, the International Monetary Fund (IMF) has raised India's GDP growth forecast by 30 basis points to 6.8% in FY2024,…

30 May

RBI balance sheet to progress 11.07% to Rs 70.47 lakh Crore in FY2024

Priyanka RoyBusiness, latest

The balance sheet of the Reserve Bank of India increased by 11.07 percent to Rs 70.47 lakh Crore in the financial year ending March 31, 2024, compared to Rs 63.44 lakh Crore in the financial year 2022-23.The growth on the asset side was led by growth in foreign investment, gold and loans and advances by 13.9 per cent, 18.26% and 30.05% respectively, the RBI said in its annual report for 2023-24.As of March 31, 2024, domestic assets stood at 23.31%, while foreign currency assets, gold (including gold and gold deposited in India) and loans and advances given to financial institutions…

29 May

Indian Railway Catering and Tourism Corporation Q4 results live: Profit extend 1.93% YoY

Priyanka RoyBusiness, latest

Indian Railway Catering and Tourism Corporation Q4 Results Live: Indian Railway Catering and Tourism Corporation announced its Q4 results on May 28, 2024. Topline increased by 19.66% and profit increased by 1.93%. Revenue increased 3.26% and profit decreased 5.27% compared to the previous quarter.Operating income decreased by 2.97% quarter-on-quarter and increased by 4.56% year-on-year. EPS for Q4 is ₹3.48 which is up 7.21% year-on-year. Indian Railway Catering and Tourism Corporation has given -2.91% return in last 1 week, 55.44% return in last 6 months and 22.04% YTD return. Indian Railway Catering and Tourism Corporation currently has a market cap of…