BUSINESS
Market sentiments get a boost after IMF raises GDP target
At close on Wednesday, Nifty was up 0.62 per cent or 121.5 points at 19,811.35, while Sensex settled at 66,473.05, up 394 points or 0.60 per cent.
Nifty advances for second straight day
At close on Wednesday, Nifty was up 0.62 per cent or 121.5 points at 19,811.35, while Sensex settled at 66,473.05, up 394 points or 0.60 per cent.
Avoidable sight loss costs Indian economy $27 bn per year: Study
Held on the second Thursday of October each year, World Sight Day, organised by the International Agency for the Prevention of Blindness (IAPB) is a UN-recognised international event dedicated to draw attention to the global issue of visual impairment.
Bank of Baroda plans to raise Rs 10,000 cr through bonds
“The board of directors in its meeting held today has approved the proposal for raising Long Term Bonds for financing of infrastructure and affordable housing aggregating to a total size up to Rs 10,000 crores, in single or multiple tranches during 2023-24 and beyond, if found expedient,” the bank said in a filing with the stock exchange.
India's UPI 'incredibly painful' experience for ecosystem participants: Mastercard CFO
Speaking at the recent UBS conference, Mehra said that "it is an incredibly painful experience for ecosystem participants who all end up losing money as part of that proposition," reports TechCrunch.
RBI ban on onboarding customers via app can affect growth trajectory of Bank of Baroda
The RBI has directed Bank of Baroda (BOB) to suspend onboarding customers through its BOB World mobile application. The move was driven by concerns regarding the processes and the manner in which BOB has acquired a large number of customers through its digital platform, the RBI said. There have been media articles recently about the process lapses at BOB in order to rapidly boost the number of digital customers.
Luxury goods witnessing strong demand, basic demand hit due to high inflation
“We believe all eyes rest on festive demand in the coming couple of months for the market to sustain momentum. 2Q24 will show the impact of volatile monsoons, flash floods in July and delayed recovery in rural and consumer demand in a few segments,” the research said.
Equity mutual funds record significant net inflows in Sep
While the overall net flows experienced a dip in various categories, it is noteworthy that thematic/sectoral funds extended their positive trend into the current month, attracting the highest net inflows.
Wipro leads Sensex rally
The fact that Nifty is just 2.5 per cent away from the all-time high indicates the strength and resilience of the market, says V.K. Vijayakumar, the Chief Investment Strategist at Geojit Financial Services.
Lava International MD Rai approached by Vivo China to help establish business in India, provided initial funding for setting offices, residential accommodation: ED
The Enforcement Directorate, in its remand note, alleged that Rai was well acquainted with Malik.
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