Sensex, Nifty extend gains on banks, IT firms

BENGALURU (Reuters) – Indian shares advanced on Thursday for a third straight session, joining a global rally after U.S. Federal Reserve Chairman Jerome Powell quashed rate hike fears, with financials and IT stocks accounting for most of the gains. The Bombay Stock Exchange (BSE) building is reflected in the glasses of a man as he watches a large More...

by Ila Choudhary | Published 20 hours ago
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By Manisha Sen On Wednesday, February 24th, 2021
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RBI has ‘major concerns’ over cryptocurrencies: Governor Shaktikanta Das

MUMBAI (Reuters) – The Reserve Bank of India (RBI) has “major concerns” about cryptocurrencies, Governor Shaktikanta Das said on Wednesday, flagging potential risks to financial stability. FILE PHOTO: More...

By Manisha Sen On Wednesday, February 24th, 2021
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Gold falls Rs 148, silver declines Rs 886

New Delhi, Feb 24 (PTI) Gold prices on Wednesday fell Rs 148 to Rs 46,307 per 10 grams in the national capital, due to overnight selling in global prices and rupee appreciation, according to HDFC Securities. The More...

By Ila Choudhary On Tuesday, February 23rd, 2021
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MP officials seal SBI branch for not giving loans to vendors

Shajapur (MP), Feb 23 (PTI) A branch of the State Bank of India was sealed in Shajapur of Madhya Pradesh by district authorities after it reportedly failed to provide loans of Rs 10,000 to applicants under the Centre’s More...

By Ila Choudhary On Monday, February 22nd, 2021
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Moderate inflation in India provides room to support growth – RBI MPC minutes

MUMBAI (Reuters) – Moderate inflation and a stable near-term outlook warrant keeping India’s monetary policy accommodative to support a broad-based recovery from the pandemic, minutes of the latest monetary More...

By Ila Choudhary On Monday, February 22nd, 2021
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India bond yields surge, market expects more RBI intervention

MUMBAI (Reuters) – Indian bond yields surged on Monday, tracking a rise in U.S. Treasury yields and as underwriters sold off bonds in the open market they were forced to buy at an auction on Friday. Brokers More...

By Ila Choudhary On Friday, February 19th, 2021
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Sensex, Nifty extend losses as private-sector lenders fall

BENGALURU (Reuters) – Indian shares inched lower on Friday and were on course to close the week lower after two weeks of gains, dragged down by private sector lenders ICICI Bank and HDFC Bank as investors More...

By Ila Choudhary On Thursday, February 18th, 2021
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India’s inflation target band up for review – finance minister

New Delhi (Reuters): India’s inflation target band of 2%-6% is up for review as the five-year term for the current monetary policy framework draws to a close, Finance Minister Nirmala Sitharaman said on Thursday. Vendors More...

By Ila Choudhary On Thursday, February 18th, 2021
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Shiv Sena questions Centre over rise in fuel prices

New Delhi [India], February 18 (ANI): Shiv Sena Rajya Sabha MP Sanjay Raut on Thursday hit out at the Central government over the rise in petrol prices and asked: “Where is the money going?” Shiv Sena More...

By Ila Choudhary On Wednesday, February 17th, 2021
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Indian shares slip as financials fall

BENGALURU (Reuters) – Indian shares retreated from record highs on Wednesday as investors sold off high-flying financial stocks and Nestle slid after disappointing earnings. A broker trades on his computer More...