Search Results for: financial markets

Indian markets face strong headwinds

There are strong headwinds, both globally and domestically, that can impact the market in the near-term, said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Aug 16, 2023

Rupee declines; Now one dollar equals Rs 83

A day before Independence Day, Indian Rupee on Monday declined below Rs 83 to an US dollar, the lowest since October 2022.

Aug 15, 2023

CAG flags 'sky-high' cost of Dwarka Expressway by NHAI

The CAG's audit report on 'Implementation of Phase-I of Bharatmala Pariyojana (BPP-1)' has revealed that the National Highway Authority of India (NHAI) Board approved the Dwarka Expressway with civil cost of Rs 250.77 crore per KM as against Rs 18.20 crore approved by the Cabinet Committee

Aug 14, 2023

Net direct tax collections stand at Rs 5.84 lakh crore, 17% higher than last fiscal

Net direct tax collection for the current financial year are Rs 5.84 lakh crore, which are 17.33 per cent more than net collections recorded during the corresponding period of last year, the Finance Ministry said on Friday.

Aug 12, 2023

CAG Report finds Rs.2.3 Cr pension funds disbursed to dead beneficiaries

The Ministry of Rural Development (MORD) made payment of pensions amounting Rs 2 crore to 2,103 National Social Assistance Programme (NSAP) beneficiaries in 26 states and Union Territories even after their death, the Comptroller Auditor General of India has said in its report.

Aug 11, 2023

Air India gets new logo; Maharaja will "live on": New website, app launched [details]

Air India's new logo's composition and significance underscore the importance of colors, patterns, and shapes, as well as their collective representation. However, the true testament of its worth lies in the actions that follow.

Aug 10, 2023

Sensex, Nifty down after RBI's hawkish statements

Nifty opened lower cautiously awaiting the outcome and witnessed sell-off post the RBI statement and finally closed with a loss of 89 points at 19,543 level

Aug 10, 2023

Focus of market will shift from micros to macros: Expert

With the Q1 results season coming to an end soon, the focus of the market will shift from micros to macros, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Aug 9, 2023

Rating agency Moody's warns to downgrade 6 US banks, stocks sink further

Moody's has put the credit ratings of six large US banks, including Bank of New York Mellon, State Street and Northern Trust, under review for a possible downgrade, sending stocks tumbling as investors worried about more banking sector pain ahead, the media reported.

Aug 9, 2023

Two BSF men, 21 civilians arrested for facilitating infiltrators to cross borders [details]

To check infiltration on the Indo-Pak and Indo-Bangladesh borders, the government has adopted a multi-pronged strategy including equipping forces with advanced gadgets.

Aug 8, 2023

Pepperfry co-founder Ambareesh Murty passes away due to cardiac arrest

Online furniture store Pepperfry co-founder and CEO Ambareesh Murthy has passed away at the age of 51 due to cardiac arrest in Leh, fellow co-founder Ashish Shah announced in a tweet on Tuesday

Aug 8, 2023

Investors await RBI monetary policy in the coming week

Investors are awaiting the upcoming MPC meeting, where the RBI is expected to maintain its policy rates at 6.5 per cent, says Vinod Nair, Head of Research at Geojit Financial services.

Aug 7, 2023

Terror eco-system dismantled in J&K after abrogation of Art 370, says LG [details]

Pak-backed propaganda has failed on the ground J&K as everyone is enjoying peace. Street protests, closure of schools, stone pelting, and separatism ended.

Aug 5, 2023

The Benefits of Forming an LLC in New Mexico

There is a rising trend among corporations and small businesses alike, recognizing New Mexico as a viable state for establishing LLCs. The trend seems to resonate with businesses looking for more accessible, adaptable, and advantageous legal structures.

Aug 4, 2023

Global Business Trends: Has Wyoming Become a Tax Haven?

Wyoming is one of several states that allows customers to put a private company (usually controlled by family members) in charge of their trust, ensuring complete control over the assets and an extra layer of financial secrecy.