- Business
- November 12, 2024
Public Sector Banks Records Strong Performance in 1st Half of FY25: Ministry of Finance
Mumbai: The Public Sector Banks (PSBs) reported a strong performance in the first half of the financial year 2024-25, with aggregate business standing at Rs 236.04 lakh crore, showing 11 per cent Year on Year (YoY) growth, the Ministry of Finance said on Tuesday. Public Sector Banks Record High Performance As per the ministry, the global credit and deposit portfolio of PSBs grew…
- Business
- November 12, 2024
Putting Money In Stocks Will Create More Jobs: NSE’s Ashish Chauhan At India Economic Summit 2024
Ashish Chauhan, MD & CEO of the National Stock Exchange ( NSE ) on Tuesday said that only 30 out of 19,300 pin codes in India do not have an NSE -registered investor. Speaking at the India Economic Summit 2024 at the Republic Media Network Headquarters, Ashish Chauhan said that the government’s initiatives have helped more investors to join the India growth story. “Today India has 10.5…
- Business
- November 11, 2024
DFS Secretary Directs Banks to Update KYC for PM Jan Dhan Accounts
New Delhi: On Monday, Financial Services Secretary M Nagaraju instructed banks to conduct fresh KYC (Know Your Customer) procedures for Jan Dhan accounts that are due for updation. Launched in 2014, the PMJDY saw the opening of around 10.5 crore accounts in mission mode between August and December 2014. After 10 years, these accounts are now due for periodic updation or re-KYC. Nagaraju…
- Business
- November 11, 2024
Rupee Falls 1 Paisa to All-Time Low of 84.38 Against US Dollar in Early Trade
Mumbai: The rupee slipped 1 paisa to an all-time low of 84.38 against the US dollar in early trade on Monday, weighed down by persistent foreign fund outflows and a muted trend in domestic equities. Forex traders said the rupee is likely to remain under pressure unless there is a softening in the dollar index or a slowdown in foreign fund outflows. At…
- Business
- November 10, 2024
India Economic Summit 2024: Top Voices To Discuss Viksit Bharat Blueprint At Republic Media HQ
The Republic Media Network is all set to host the 4th edition of the India Economic Summit on November 12, 2024, at its headquarters — the largest news center in Asia. The event will revolve around the theme “Viksit Bharat: Bullseye,” aiming to explore India’s economic potential and its goal of becoming a $50 trillion economy by 2047. The summit will feature leading policymakers,…
- Business
- November 9, 2024
MSMEs Will Get Collateral Free Loans of Upto Rs 100 Cr Through New Credit Assessment Model: FM
Bengaluru: Union Finance and Corporate Minister, Nirmala Sitharaman on Saturday said that the Ministry of Micro, Small and Medium Enterprises (MSMEs) will get collateral-free loans of upto Rs 100 crore through a new credit assessment model by PSU banks. Speaking at the National MSME Cluster Outreach Programme in Bengaluru, Sitharaman said that the grievances of MSMEs will be solved after the introduction of…
- Business
- November 7, 2024
Anil Ambani’s Reliance Power barred for three years from future tenders: SECI order – Details
SECI on Reliance Power: The Solar Energy Corporation of India (SECI) has issued a notice ordering a three-year ban on Anil Ambani’s Reliance Power, barring the company from any future tenders issued by the SECI. “Reliance NU BESS Limited, and M/s Reliance Power Limited (including its subsidiaries) stand debarred from participating in all the future tenders issued by SECI until 3 years from the…
- Business
- November 7, 2024
Jet Airways to be liquidated? Supreme Court rules on NCLAT order – Details
Jet Airways resolution plan: On Thursday, the Supreme Court has decided to sideline the mandate of the National Company Law Appellate Tribunal (NCLAT) that allowed the transfer of grounded air traveller Jet Airways’ ownership to the Jalan-Kalrock Consortium (JKC) under an approved resolution plan. The SC’s decision came in the view of the “peculiar and alarming” circumstance that the resolution plan has not been…
- Business
- November 6, 2024
US elections 2024: Bitcoin hits all-time high of $75k as Trump maintains lead
Trump trade drive Bitcoin: Bitcoin, the biggest cryptocurrency by market capitalisation, has surged to a record high during the Asian trading hours as investors anticipate Donald Trump winning the US presidential election. In the last 24 hours, the king crypto has surged more than 10 per cent breaching past the 75,200 mark. Other key cryptocurrencies such as Ethereum, Solana, BNB, XRP, and Dogecoin have…
- Business
- November 6, 2024
FOMC meeting November 2024: Further rate cuts? What will Jerome Powell’s decision mean for India?
The US Federal Open Market Committee (FOMC) is set to meet on Wednesday and is expected to make an announcement regarding federal rate changes on Thursday. The November 2024 FOMC Meet headed by Fed chair Jerome Powell is crucial given that it coincides with the election frenzy surrounding the US Presidential Polls 2024. In its previous meeting, the FOMC had cut rates by…
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