Petrol and diesel prices, which were expected to be hiked after the culmination of the multi-phase polling in Uttar Pradesh, remained stable on Tuesday. An imminent increase in fuel rates has been put on wait-and-watch mode for more clarity on international oil prices, according to a PTI report. Polling in Uttar…
Rapid digitalization, accelerating internet penetration and the global pandemic have increased business operations and customer expectations. No industry or sector remains immune to the transforming effects of digitalization, not even the ‘neck deep in paperwork’ finance industry. The addition of the suffix tech to…
Indian equities fell in line with Asian peers on Wednesday, with technology stocks leading the decline as U.S. Treasury yields hit two-year highs, although losses were plugged by gains in non-bank lender Bajaj Finance after strong results. The blue-chip NSE Nifty 50 index was down 0.41% at 18,038.25 by 10:14 am, while…
The salaried class in the country is hoping that Finance Minister Nirmala Sitharaman’s Budget 2022 announcements on February 1 will bring much needed relief amid the ongoing Covid-19 pandemic. Salaried class taxpayers are expecting that the upcoming Union Budget 2022-23 will provide a reduction in income tax…
Indian shares inched up to near three-month highs on Tuesday, as gains in banks outweighed losses in stocks of automakers, with investors awaiting earnings from heavyweight Bajaj Finance due later in the day. The NSE Nifty 50 index was up 0.18% at 18,341.40 by 9:18 am, while the S&P BSE Sensex edged up 0.21% to…
Global cryptocurrency super app Cryptowire has launched a crypto index in India to monitor the performance of the 15 most traded cryptocurrencies, listed on leading exchanges in the world. The cryptocurrency index is known as IC15. Cryptowire is a special business unit of crypto statistics provided TickerPlant. In a…
Indian shares rose on Tuesday, a day after beginning the new year with solid gains, as banking stocks boosted the country’s main indexes amid a steady rise in the number of new cases of COVID-19. The NSE Nifty 50 index gained 0.46% to 17,706.55 by 9:24 am GMT, while the benchmark S&P BSE Sensex rose 0.47% to…
The state-run oil marketing companies (OMCs) have kept the prices of diesel and petrol unchanged on January 4, 2022. For two months now, fuel rates have been kept static. In the national capital, petrol is being sold for Rs 95.41 per litre, while diesel rates stood at Rs 86.67 per litre. In India’s financial…
On Tuesday, January 4, 2022, while gold is trading on the higher side, silver rates are retailing on the lower side of the Multi Commodity Exchange (MCX). Witnessing a hike of Rs 82 or 0.17 per cent, gold futures, maturing on February 2022, are trading at Rs 47,823 per 10 grams on the MCX. On the other hand, silver…
The FMCG sector is actively preparing to tackle any disruptions caused by rapidly rising Covid-19 cases in the country. Food companies, dealers and distributors are working towards increasing stocks of daily essential products such as cooking oil, rice, pulses, wheat and other items in order to avoid any supply…