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07 Jun

RBI Monetary Policy 2024: RBI keeps repo rate unchanged at 6.5% for eighth consecutive time, rises FY25 GDP estimate to 7.2%

Priyanka RoyBusiness, News

RBI MPC Meeting June 2024: With the RBI keeping the repo rate constant, all external benchmark lending rates linked to the repo rate will not increase, providing relief to borrowers as their EMIs will not increase. RBI Monetary Policy Meeting June 2024: The Monetary Policy Committee (MPC) of the Reserve Bank of India, which began its meeting on Wednesday, has kept the repo rate unchanged at 6.5% for the eighth consecutive time. This is the first time that the MPC met after the declaration of Lok Sabha election results. In April, the central bank had determined to keep the repo…

06 Jun

Market bullish: Sensex increase 3.2%, Nifty closed above 22,600

Priyanka RoyBusiness, News

A day after witnessing the worst trading session in four years, benchmark indices Sensex and Nifty recovered almost half of their losses on Wednesday after gaining over 3% each. The 30 share BSE Sensex closed at 74,382.24, up 2,303.19 points or 3.2 per cent. Nifty closed at 22,620.35, upturn 735.85 points or 3.36%. Sensex fell 4,389.73 points or 5.74% and Nifty 50 fell 1,379.4 points or 5.93% on Tuesday due to the unexpected Lok Sabha election result. Bharatiya Janata Party (BJP) got 240 seats, which is much less than the exit poll estimates. However, the BJP-led National Democratic Alliance (NDA)…

05 Jun

Sensex up 2.46% in morning trade, Nifty boost 560 points

Priyanka RoyBusiness, News

A day after the announcement of Lok Sabha elections, domestic stock market indices Sensex and Nifty, which opened nearly 1 percent higher on Wednesday (May 5), gained in morning trade. At 11:30 am, the Sensex rose 2.46% or 1,772.04 points to 73,851.09. The index opened at 73,027.88, up 1.32% compared to its previous close of 72,079.05. After opening with a gain of 243.85 points or 1.11%, the broader Nifty also jumped 2.56% or 560.5 points to hit an intraday high of 22,445. On Wednesday, the Sensex closed 4,389.73 points or 5.74% lower at 72,079.05, and the Nifty 50 fell 1,379.4…

04 Jun

Gross GST revenue collection in May 2024 stands at ₹1.73 lakh crore; Recorded 10% rise up year-on-year

Priyanka RoyBusiness, News

Mumbai: Gross goods and services tax (GST) revenue for May 2024 stood at ₹1.73 lakh crore. This represents a 10 percent year-on-year increase, driven by strong growth in domestic transactions (up 15.3%) and a slowdown in imports (down 4.3%). After accounting for refunds, the net GST revenue for May 2024 is ₹1.44 lakh crore, showing a growth of 6.9% over the same period last year. The gross GST collection in the financial year 2024-25 till May 2024 stood at ₹3.83 lakh crore. This represents an impressive growth of 11.3% year-on-year, driven by strong growth in domestic transactions (up 14.2%) and…

03 Jun

On finding refuge in religion, Janhvi Kapoor disclose she has visited Tirupati Balaji temple thrice this year: ‘When the call comes…’

Priyanka RoyBollywood, News

Janhvi Kapoor has a deep spiritual connection with the holy temple of Tirupati Balaji. In a recent conversation, the actor revealed that she has already been to Tirupati thrice this year and is planning to visit again on the birthday of her mother and late actor Sridevi. Janhvi also told how she has found refuge in her religion in the last few years.Speaking to Curly Tales, he said that, “In the last 5 to 6 years I have become more religiously inclined. I find refuge in my religion and my spirituality and especially in Lord Balaji. When the call comes…

01 Jun

Youth taking into custody with 35 grams of morphine in Panitanki of Kharibari

Priyanka RoyNews, North Bengal, Siliguri

Kharibari, June 01: A youth named Mukul Roy, resident of Gaursingh Jot, Panitanki, has been arrested for possessing 35 grams of morphine in Panitanki, Kharibari.Reportedly, acting on a tip-off, personnel of the 41st battalion of Sashastra Seema Bal (SSB) detained Roy at Prasadu Jote turn near Panitanki on Friday. During the search, they recovered 35 grams of morphine from Roy, leading to his immediate arrest. Later the SSB jawans handed over the accused to Kharibari police station.Roy was produced in Siliguri court on Saturday. Police sources revealed that Roy was earlier arrested by the Khoribari police on drug-related charges. At…

31 May

6 shops were vestiges in a massive fire in Cooch Behar

Priyanka RoyCooch behar, News

Cooch Behar, May 31: A massive fire engulfed six shops in Cooch Behar's Doderhat market. According to the information, on Thursday night the businessmen of Doderhat market closed their shops and returned home. Traders came to know about the fire on Friday morning. Subsequently, they reached the spot and witnessed the horrific incident.Later, two fire engines reached the spot and started extinguishing the fire. However, according to traders, they have suffered a loss of more than Rs 30 lakh in the incident.

30 May

RBI balance sheet to growth 11.07% to Rs 70.47 lakh Crore in FY2024

Priyanka RoyBusiness, News

The balance sheet of the Reserve Bank of India increased by 11.07 percent to Rs 70.47 lakh Crore in the financial year ending March 31, 2024, compared to Rs 63.44 lakh Crore in the financial year 2022-23.The growth on the asset side was led by growth in foreign investment, gold and loans and advances by 13.9 per cent, 18.26% and 30.05% respectively, the RBI said in its annual report for 2023-24.As of March 31, 2024, domestic assets stood at 23.31%, while foreign currency assets, gold (including gold and gold deposited in India) and loans and advances given to financial institutions…

29 May

Indian Railway Catering and Tourism Corporation Q4 results live: Profit up 1.93% YoY

Priyanka RoyBusiness, News

Indian Railway Catering and Tourism Corporation Q4 Results Live: Indian Railway Catering and Tourism Corporation announced its Q4 results on May 28, 2024. Topline increased by 19.66% and profit increased by 1.93%. Revenue increased 3.26% and profit decreased 5.27% compared to the previous quarter.Operating income decreased by 2.97% quarter-on-quarter and increased by 4.56% year-on-year. EPS for Q4 is ₹3.48 which is up 7.21% year-on-year. Indian Railway Catering and Tourism Corporation has given -2.91% return in last 1 week, 55.44% return in last 6 months and 22.04% YTD return. Indian Railway Catering and Tourism Corporation currently has a market cap of…

27 May

Sensex crosses 76 thousand, market at record high: Investors’ wealth improved by Rs 1.5 lakh Crore; Finolex Cables, Aegis Logistics rise up to 12%

Priyanka RoyBusiness, News

This huge surge was supported by gains in banks and the financial sector. The 30-share BSE Sensex pack rose 599 points to hit a record high of 76,010, while the broader NSE Nifty index rose over 151 points to a new lifetime peak of 23,108.Domestic stocks made strong gains in Monday's trade to touch their new all-time high. This huge surge was supported by gains in banks and the financial sector. The 30-share BSE Sensex pack rose 599 points to hit a record high of 76,010, while the broader NSE Nifty index rose over 151 points to a new lifetime…