Investors gain Rs 28 lakh crore in just 3 trading sessions as PM Modi set to begin 3rd term

IANS | June 7, 2024 3:57 PM

Mumbai, June 7 (IANS) As Prime Minister Narendra Modi was elected as leader of the NDA Parliamentary party amid the RBI’s monetary policy announcements, the Indian indices on Friday recovered from losses it suffered before the election results, giving investors Rs 28 lakh crore back in just three trading sessions, from over Rs 30 lakh crore loss they had suffered.

Stock markets zoom over RBI's GDP forecast, Sensex up over 1 pc

IANS | June 7, 2024 1:00 PM

Mumbai, June 7 (IANS) The India stock market extended morning gains after the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) raised India's real GDP forecast to 7.2 per cent for FY25 from earlier 7 per cent.

RBI bringing in Auto-Replenishment facility for Fastag, NCMC & UPI Lite Wallet

IANS | June 7, 2024 11:52 AM

Mumbai, June 7 (IANS) The Reserve Bank of India (RBI) has decided to include payments, such as replenishment of balances in Fastag, National Common Mobility Card (NCMC), etc. which are recurring in nature but without any fixed periodicity, in the e-mandate framework.

Sensex jumps 692 points, Nifty closes above 22,800

IANS | June 6, 2024 4:42 PM

Mumbai, June 6 (IANS) Indian equity benchmarks closed in green for a second consecutive day on Thursday as India VIX declined over 11 per cent.

Railways rushes more coal to power plants to meet peak summer demand

IANS | June 6, 2024 3:24 PM

New Delhi, June 6 (IANS) Indian Railways transported 9.3 per cent more coal in May this year compared to the same month last year to help the country’s power plants meet the peak demand for electricity in the scorching summer from power plants, official data shows.