A recent report by financial services firm Jefferies suggests that the government should raise capital expenditure (capex) by 10-12 per cent in the union budget 2025-26 to maintain its focus on infrastructure development and ensure confidence among stakeholders.“10-12 per cent YoY capex growth in Feb budget, based on broadly maintaining capex to GDP ratio, is…
NEW DELHI: Unified Payments Interface (UPI) achieved unprecedented record of 16.73 billion in December, showing an 8 per cent increase compared to the previous month’s figure of 15.48 billion, according to the National Payments Corporation of India (NPCI).UPI transaction count was 15.48 billion in the month of November, according to news agency PTI.The transaction value…
Rupee is likely to experience slight depreciation in 2025, driven by volatile foreign portfolio investor (FPI) flows and a potentially stronger US dollar, as per a Bank of Baroda report. Despite a 2.8 per cent depreciation in 2024, INR outperformed several global currencies, aided by the Reserve Bank of India’s (RBI) active forex market interventions…
NEW DELHI: India’s textiles and apparel exports, including handicrafts, grew by 7 per cent in the April-October period of FY24, reaching $21.35 billion compared to $20 billion during the corresponding period last year, according to government data released on Thursday.The textiles ministry revealed that ready made garments category occupied the largest share of 41 per…
The government has identified several agricultural products including watermelons, ghee, guavas, green chilli for export promotion. (AI image) India’s exports basket is seeing a big growth with some surprise items! The country’s export portfolio is diversifying with significant growth in unexpected items like bananas, ghee, furniture, office supplies, and solar photovoltaic (PV) modules. Whilst traditional…
Last Updated:January 02, 2025, 13:56 IST The Indian stock market will have 14 holidays in 2025, according to the holiday schedule published by the NSE, BSE Stock Market Holidays 2025 India’s stock exchanges have declared 14 trading holidays in 2025. According to the calendar released by the BSE and the National Stock Exchange, there will…
Regular bank closures occur on the second and fourth Saturdays for all scheduled and non-scheduled banks. Bank Holidays January 2025: The RBI has published state-specific bank holiday listings for 2025. Due to diverse regional celebrations across India, bank holidays differ by location. Understanding these schedules is essential for maintaining smooth financial operations and transactions.Regular bank…
From a technical analysis perspective, the index has shown a positive reversal pattern. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Thursday. While BSE Sensex was above 78,700, Nifty50 was near 23,800. At 9:17 AM, BSE Sensex was trading at 78,730.21, up 223 points or…
This is an AI-generated image, used for representational purposes only. Motilal Oswal Financial Services has given a ‘buy’ recommendation on Metro Brands with a target price of Rs 1,460 (+18%). Analysts believe the company, one of the leading players in the sports and athleisure segment, has a strong runway for growth, funded through internal accruals,…
BENGALURU: Accel secured $650 million for its eighth India-focused fund, as shown in the US SEC filings. This commitment demonstrates confidence in India’s growing startup ecosystem, despite global economic uncertainties affecting investment sentiment.With this capital, Accel intends to enhance its backing for both nascent ventures and existing portfolio companies across sectors. This capital raise aligns…
