Gold prices declined by Rs 480 to Rs 47,702 per 10 gram in the national capital on Tuesday in-line with fall in global precious metal prices, according to HDFC Securities.
The Modi government has announced a cut in the import duty on gold and silver, a move welcomed by the industry as it will bring down prices of precious metals in the domestic market and boost exports of gems and jewellery.
HDFC Bank on Tuesday said the Reserve Bank of India (RBI) has appointed an external IT firm for carrying out a special audit of its IT infrastructure in the aftermath of repeated service outages at the country's largest private sector lender over the past two years.
Bad Bank will seek to provide financial stability in the banking sector. It will hold problem loans for public sector banks which can then be sold on to investors at a reduced price. This will ultimately help clean up the balance sheets of banks.
Sensex on Tuesday reclaimed the 50,000-mark in the opening session while the Nifty climbed over 400 points to trade over 14,700 points.
Despite COVID-19 pandemic, the Modi government ensured that students don't lose their academic year, Union Education Minister Ramesh Pokhriyal Nishank said.
As of 9:21 am, the Sensex was up 1025 points at 49,626.28 while the NSE benchmark Nifty50 index was higher by 2.12 per cent or 302.05 points at 14,583.25. Broad-based buying was visible in the market with banking stocks leading gains.
The government on Monday said the definition of small companies will be revised by raising the capital base to Rs 2 crore from the current limit of Rs 50 lakh.
Indigo Paints shares listing, Indigo Paints grey market premium: The shares of Indigo Paints will be listed on BSE and NSE on Monday. In the grey market, the trading premium of Indigo Paints share is around 60 per cent.
Union Finance Minister Nirmala Sitharaman on Monday said that the government did not hesitate in spending big. Presenting Budget 2021-22, Sitharaman said the government estimates fiscal deficit of 6.8 per cent of the gross domestic product (GDP) in the next financial year beginning April 1.
In a host of announcements, Union Finance Minister Nirmala Sitharaman sought to pull out the country's economy from a creaking financial system, generate more employment opportunities, and ramp up healthcare by prioritizing vaccination for all.
Finance Minister Nirmala Sitharaman in an exclusive conversation in Aaj Ki Baat with Rajat Sharma, Editor-In-Chief and Chairman, India TV, discussed the key highlights of the Union Budget 2021.
After the presentation of the Union Budget in the Parliament on Monday, mixed reactions emerged from Bihar with the common people saying that there is no direct benefit for them.
Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown.
Disinvestment of Air India and Pawan Hans would be completed in 2021-22, Finance Minister Nirmala Sitharaman said on Monday while presenting the Union Budget in which Rs 3,224 crore has been allocated to the Civil Aviation Ministry for the next fiscal year.
Seeking to further improve the ease of doing business, Finance Minister Nirmala Sitharaman on Monday said NRIs will be allowed to set up one person companies, definition of small companies will be revised and various provisions of the Limited Liability Partnership (LLP) Act will be decriminalised.
Announcing Budget 2021, Finance Minister Nirmala Sitharaman said this year's budget was based on 6 pillars to ensure the overall development of the country.
The Centre has allocated about Rs 1,66,547 crore to the Ministry of Home Affairs for the 2021-22 fiscal with a majority of the funds going to the police forces and a substantial amount for census related works.
Union Finance Minister Nirmala Sitharaman on Monday proposed the construction of 8,500 km highway by March 2022.
Union Finance Minister Nirmala Sitharaman on Monday unveiled India's ambitious Budget 2021, offering something to everyone.
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