BUSINESS
Indian Stock Market Opens in the Green, Sensex Jumps 429 Points
Market trend positive. On the NSE, 1,509 stocks traded green, while 602 stocks traded in red.
On the BSE, simultaneously 1,727 stocks traded green, and 807 stocks traded red.
Maldives President Muizzu Announces Plan to Implement UPI System Nationwide
This decision comes after India has agreed to share its know-how in the roll out of digital and financial services, besides contributing to the development of Digital Public Infrastructure (DPI) through the launch of UPI and the Unique Digital Identity during Muizzu's State Visit to India earlier this month.
NSE Study Projects 11.2% Average GDP Growth for 21 Indian States in FY25
These 21 states account for over 95 per cent of India's GDP (Rs 326 lakh crore in FY25BE). The lowest capital spending ratio is seen in Punjab at 6.2%. Gujarat occupies the top position with a spending ratio of 36.2%. States in general have been steadily reducing their reliance on market loans over the years as a result of higher loans received from the Centre.
Sensex Gains 218 Points as Ola Electric Shares Extend Decline
Stock has declined more than 45 per cent from the peak so far. Ola Electric's stock has given a low of Rs 85.02 and a high of Rs 88 on Friday.
Walmart Brings Indian Snacks and Sweets to Select US Stores
Regal Kitchen and VAHDAM are well-known brands that the firm would be selling to Walmart US. Jayanti Spices and Hyfun Foods have their products manufactured under Walmart's Great Value brand.
Survey Reveals 7 Out of 10 Indians View Gold as a Safe Asset
As per the Moneyview survey, "over 85 per cent of the 3,000 respondents consider gold a valuable asset for wealth preservation, with its intrinsic value and historical performance continuing to drive consumer confidence.".
India Set to Lead Emerging Markets and Solidify Global Economic Position by 2035, S&P Global
Emerging markets are going to be a very crucial factor in shaping the nature of the economy for the next ten years. According to the report, through 2035, the average growth of their GDP is slated to reach 4.06 per cent, compared with 1.59 per cent for advanced economies. Emerging markets are expected to generate 65 percent of the world's economic growth by 2035.
Gold's Share in India's Forex Reserves Rises Over 209% Since 2018
India's gold reserves stand at $65.76 billion as on October 4, compared to $21.15 billion as on December 7, 2018, according to the data made available by the Reserve Bank of India (RBI). Shaktikanta Das assumed the RBI office in December 2018.
Stock Market Begins on a Positive Note, Sensex Surpasses 81,700
At the opening of the day on BSE Sensex, it stands at 81,707.38 and recorded a gain of 206.02 points or 0.25 percent during the early trade. NSE Nifty, however, stood at 24,986 up by 14.70 points or 0.06 percent.
19 of Top 30 IPOs by Size Fail to Deliver Excess Returns, Report
Only two of the top 10 have generated returns greater than the CNX500.
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