News

Vishal Mega Mart shares inflation 41% in market debut
18 Dec

Vishal Mega Mart shares inflation 41% in market debut

Priyanka RoyBusiness, News
New Delhi: Shares of Vishal Mega Mart Ltd on Wednesday jumped 41 per cent in early trade against the issue price of Rs 78. The stock listed on the BSE at Rs 110, up 41 per cent from the issue price. Later, it rose 42.24 per cent to Rs 110.95. On the NSE, it listed at Rs 104, up 33.33 per cent from the issue price. Vishal Mega Mart's market valuation stood at Rs 48,644.57 crore. Vishal Mega Mart's Rs 8,000 crore initial public offering was subscribed 27.28 times on the last day of bidding on Friday. The initial public…
Read More
Home loan borrowers decrease 39%, disbursements rise 32%
17 Dec

Home loan borrowers decrease 39%, disbursements rise 32%

Priyanka RoyBusiness, News
The housing finance market in Gujarat is facing a paradox – fewer people are borrowing, but those who are borrowing are borrowing in larger amounts. According to the latest State Level Bankers Committee (SLBC) report, the number of home loan borrowers saw a sharp decline of 39.6%, from 1.58 lakh accounts in the September quarter of FY24 to just 95,532 accounts in the same period of FY25. Despite the sharp decline in loan accounts, total disbursements grew by 32%, led by a remarkable 118% increase in loan ticket size – from Rs 6.82 lakh to Rs 14.93 lakh per account.…
Read More
Sikkim CM Prem Singh Tamang assures full support for high-level committee to secure ST status
16 Dec

Sikkim CM Prem Singh Tamang assures full support for high-level committee to secure ST status

Priyanka BhowmickNews, Political, Sikkim
Sikkim Chief Minister Prem Singh Tamang has reiterated his government's commitment to securing Scheduled Tribe (ST) recognition for 12 left-out Sikkimese communities, emphasizing its importance for equity and inclusivity. Addressing the inaugural meeting of the Sikkim State High-Level Committee, CM Tamang stressed the urgency of resolving this long-standing issue as the state prepares to celebrate its 50th year of statehood in 2025. Expressing gratitude to the committee led by Chairman B.V. Sharma and Vice Chairman Mahendra P. Lama, Tamang acknowledged the excluded communities' contributions to Sikkim's cultural and social heritage. “These communities have been integral to our society, yet they…
Read More
UPI transactions jump to Rs 223 lakh crore in Jan-Nov
16 Dec

UPI transactions jump to Rs 223 lakh crore in Jan-Nov

Priyanka RoyBusiness, News
UPI achieved 15,547 crore transactions worth Rs 223 lakh crore this year, transforming India's financial landscape. It is now being accepted in seven countries, furthering financial inclusion and access to digital payments. The Unified Payments Interface (UPI) has achieved 15,547 crore transactions worth Rs 223 lakh crore from January to November this year, 'reflecting its transformational impact on financial transactions' in India, the Finance Ministry said on Saturday. The Finance Ministry also said that UPI is now accepted in seven countries, including France, UAE, Singapore, Sri Lanka, Mauritius, Bhutan and Nepal. The UPI system provides a cheaper and faster alternative…
Read More
Gold, silver prices plunge as jewellers sell off
14 Dec

Gold, silver prices plunge as jewellers sell off

Priyanka RoyBusiness, News
New Delhi: Gold and silver prices fell in the national capital on Friday, with the precious metal sliding below the Rs 80,000 mark amid heavy selling by jewellers and stockists, according to the All India Sarafa Association. Besides, traders said a weak trend in international markets also put heavy pressure on bullion prices. The precious metal of 99.9 per cent purity fell by Rs 1,400 to Rs 79,500 per 10 gram. It had closed at Rs 80,900 per 10 gram in the previous session. Silver fell by Rs 4,200 to Rs 92,800 per kg, its biggest fall in the month…
Read More
Vodafone Idea share price gain 5% from intraday low; can it rise further?
13 Dec

Vodafone Idea share price gain 5% from intraday low; can it rise further?

Priyanka RoyBusiness, News
Vodafone Idea share price witnessed a sharp surge during intraday trading on Friday, December 13, rising as much as 5 per cent from an intraday low of ₹7.68 despite a volatile market environment. Vodafone Idea share price opened at ₹7.83 against its previous close of ₹7.87 and fell over 2 per cent to hit ₹7.68 levels. However, the telecom stock recovered sharply and touched ₹8.07 levels. Around 1 pm, the stock was trading 2.4 per cent higher at ₹8.06. Vodafone Idea NewsVodafone Idea shares surged after the company revealed details of an investor presentation that highlighted four key strategies for…
Read More
Credit card defaults have progress by 110 basis points, the study said
12 Dec

Credit card defaults have progress by 110 basis points, the study said

Priyanka RoyBusiness, News
RBI data shows that the number of credit cards issued by banks has also increased sharply to 10.61 crore by September 2024 from 9.3 crore in September 2023, 7.36 crore in March 2022 and 6.20 crore in March 2021.Credit card repayment defaults are on the rise, reflecting growing stress and debt burden among customers. Credit card repayment defaults or portfolio risk (PAR) in banking parlance for credit cards with 91-180 days past due (DPD) have increased by 110 basis points to 7.6 per cent by June 2024 from 6.5 per cent in June 2023, a study said.This means that defaults…
Read More
Cement prices may jump by 4%, which is good news for the sector
11 Dec

Cement prices may jump by 4%, which is good news for the sector

Priyanka RoyBusiness, News
According to CLSA, the Indian cement sector may see a price increase of 4% in the second half of FY25 and this will be good news for companies that have been affected by low prices across India for the last several quarters. However, the sustainability of these price increases remains a key monitorable factor, according to the brokerage. Cement prices increased by Rs 10-30 per bag in early December. The increase was the highest in the eastern and central regions of India at Rs 20-30 per bag, while the rest of the regions saw an increase of Rs 10.This means…
Read More
Retail vehicle sales jump 11.2 percent in November
10 Dec

Retail vehicle sales jump 11.2 percent in November

Priyanka RoyBusiness, News
According to data compiled by the Federation of Automobile Dealers Association, retail sales of vehicles across categories in India rose 11.21 percent to 32,08,719 units in November as against 28,85,317 units in the same month last year. Retail sales of two-wheelers rose to 26,15,953 units in November as against 22,58,970 units in the same month last year. This shows a robust growth of 15.8 percent.
Read More
Oil prices upsurge as China eases monetary policy to boost economic growth
09 Dec

Oil prices upsurge as China eases monetary policy to boost economic growth

Priyanka RoyBusiness, News
Oil prices rose more than 1% on Monday, as top importer China took its first step toward easing monetary policy for the first time since 2010 to boost economic growth, state media reported, citing a politburo meeting. Brent crude futures rose $1, or 1.4%, to $72.12 a barrel at 1356 GMT. U.S. West Texas Intermediate (WTI) crude futures rose $1.09, or 1.6%, to $68.29. "Oil prices are likely to jump as monetary policy easing in China has boosted risk sentiment," said UBS analyst Giovanni Stauno. China's growth has stalled, as a slowdown in the property market has hit confidence and…
Read More
Like Us
Follow Us
Subscribe Us
Follow Us