Equity indices gain after choppy start, RIL up 2%

Mumbai (IANS) The Indian equity market rose after a choppy start on Thursday morning, while the BSE Sensex rose by over 150 points.

Around 10.25 am, Sensex was trading at 51,468.81, higher by 159.42 points or 0.31 per cent from its previous…

India's Budget points to a loosening of fiscal policy: Fitch Ratings

Mumbai/Hong Kong (IANS) Indias Budget presented on February 1 by Union Finance Minister Nirmala Sitharaman points to a loosening of fiscal policy to support the countrys ongoing economic recovery from the pandemic and will consequently lead to a rise…

SEBI penalises OPG Securities, Directors in NSE co-location case

Mumbai (IANS) SEBI has imposed an overall penalty of over Rs 5 crore on brokerage firm OPG Securities Private Ltd, along with its promoter and MD Sanjay Gupta, and two other Directors in the NSE co-location matter.

As per a complaint received…

E-commerce in India clocks 36% volume growth in Q4 2020

New Delhi (IANS) E-commerce in India grew by 36 per cent and 30 per cent year-over-year (YOY) in terms of order volume and gross merchandise value (GMV), respectively, in the fourth quarter of 2020, said a report on Wednesday.

However, the…

'More than full' economic recovery likely in FY22: FinMin report

New Delhi (IANS) As the economy emerges out of the pandemic-induced slowdown, a report by the Department of Economic Affairs (DEA) has said that the outlook for growth and inflation of the country in the upcoming financial year (2021-22) indicates…

Consolidation in public sector oil firms may be back on table in FY22

New Delhi (IANS) After a gap of more than two years, the government may again revive the plan for further consolidation in the public sector oil companies by allowing mergers between producing, marketing, gas transportation and consultancy companies,…

Banking stocks power bull run, Nifty50 crosses 15k pts mark

Mumbai (IANS) A massive surge in Banking stocks lifted India's equity indices during the morning trade session on Friday with the NSENifty50 crossing the 15,000 points mark.

Amongst sectoral indices, interest rate sensitive stocks such…

Retaining stand: RBI maintains rates, accommodative stance

Mumbai (IANS) The Reserve Bank of India (RBI) on Friday retained its key short-term lending rates along with the growth-oriented accommodative stance.

Accordingly, the Monetary Policy Committee (MPC) of the central bank voted to maintain the…

FY22 GDP growth seen at 10.5%: RBI Governor

Mumbai (IANS) After an estimated contraction in the current financial year, India's GDP is expected to grow at 10.5 per cent in FY2021-22, said RBI Governor Shaktikanta Das on Friday.

In a video statement after the Monetary Policy Committee's…

RBI to provide exemptions for FPI investments in defaulted bonds

Mumbai (IANS) In a bid to promote more investments by foreign portfolio investors (FPI), the Reserve Bank of India (RBI) has decided to extend exemptions to FPIs into defaulted corporate bonds.

FPIs in defaulted corporate bonds will be exempt…