Shares in Japan have tracked gains in other markets driven by expectations for strong demand for technology associated with artificial intelligence.
In the early trade, the 30-share BSE Sensex climbed 177.73 points to 73,983.88. Meanwhile, the Nifty hit an all-time high level of 22,440.90. Meanwhile, the rupee also gained 4 paise to 82.87 against the US dollar in early trade.
In terms of sectors, FPIs were big sellers in financials and FMCG in February. On the debt front, FPIs have been injecting money in the debt markets for the past few months driven by upcoming inclusion of Indian government bonds in the JP Morgan Index.
A few days ago, Paytm founder and CEO Vijay Shekhar Sharma stepped down as Non-Executive Chairman and Board Member of Paytm Payments Bank Ltd (PPBL), as the Reserve Bank of India (RBI) ban on the bank's operations inches closer.
RBI business news: Public and entities holding such notes were initially asked to either exchange or deposit them in bank accounts by Sept 30, 2023. The deadline was later extended to Oct 7, 2023. Deposit and exchange services at bank branches were discontinued on Oct 7.
Atishi informed that the Delhi government will present its budget for 2024-25 in the state assembly on March 4.
Amid regulatory pressure from the Reserve Bank of India (RBI), Paytm's parent company, One 97 Communications, has taken decisive steps to sever inter-company agreements with Paytm Payments Bank Limited (PPBL).
This hike brings the retail price of a 19 Kg commercial LPG cylinder in Delhi to Rs. 1795 per cylinder, marking a significant adjustment for businesses and consumers alike.
Indian GDP growth: The NSO, in its second advance estimate of national accounts, pegged the country's growth at 7.6 per cent for 2023-24. It had projected a growth of 7.3 per cent for the current fiscal in its first advance estimates released earlier in January 2024.
The month of March will bring about various key financial changes, impacting the lives of the people. From Paytm Payments Bank to FASTag deactivation, there are several services which will undergo changes in March 2024.
Knight Frank Wealth Report 2024: According to the Knight Frank report, 90 per cent of Indian UHNWIs are expecting an increase in their wealth this year. Almost 63 per cent of these UHNWIs expect a significant increase of more than 10 per cent in their wealth.
A few days ago, the National Human Rights Commission also issued a notice to DGCA asking what steps have been taken or proposed to be taken to ensure that such incidents do not recur.
The Aadhaar card, pivotal for identity verification in India, is now accessible to non-resident Indians (NRIs) with streamlined application processes and updated forms. Recent amendments allow NRIs with Indian passports to obtain Aadhaar upon arrival, eliminating the previous residency requirement.
This joint venture will become one of the leading TV and digital streaming platforms for entertainment and sports content in India by bringing together iconic media assets. The merger is valued at Rs 70, 352 crore and would be controlled by Reliance once completed.
Being a non-UK national, Sunil Bharti Mittal will receive a KBE after his name after the knighthood conferred by King Charles III - one of the highest honours by a British monarch. Mittal said he was deeply humbled” by the recognition and committed to strengthen India-UK ties.
Amazon Pay, a leading digital payments platform under Amazon India, has received authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator (PA). This accreditation allows Amazon Pay to join a prestigious group of companies, including Zomato, Google Pay, Zoho, and others.
NHAI's "One Vehicle, One FASTag" initiative aims to streamline toll payment processes and curb misuse of FASTags. Failure to comply could lead to inconvenience and delays at toll plazas. Updating FASTag KYC is a straightforward process through the IHMCL customer portal.
PM Kisan 16th instalment released: The 16th instalment of the PM Kisan Samman Nidhi Yojana (PM-Kisan) has been released, providing Rs. 2,000 to eligible farmers. Under the scheme, farmers receive Rs. 6,000 annually in three instalments, disbursed every four months via Direct Benefit Transfer (DBT).
Paytm business news: Vijay Shekhar Sharma has stepped down as part-time non-executive Chairman of Paytm Payments Bank Limited and the board of the bank has been reconstituted, a filing said on Monday, adding PPBL will commence the process of appointing a new chairman.
Equity markets opened with a slow start on Tuesday amidst subdued global trends and foreign fund outflows. Initially, the BSE Sensex fell by 130 points, while the Nifty dropped 36.4 points. However, both indices later recovered, with marginal gains observed.
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