23 states borrowed additional Rs 1.06 lakh crore through special reforms: PM Modi

Prime Minister Narendra Modi on Tuesday said the economic response to the COVID-19 pandemic was formulated to ensure that solutions do not follow a ‘one size fits all’ model.He asserted that “reforms by conviction and incentives” were undertaken on the back of “Centre-state bhagidari…

Top stocks to watch out for on June 23

The Indian market is likely to open higher on Wednesday following a mixed trend in Asian peers. At 7:10 am, the SGX Nifty was trading 49.00 points or 0.31 percent higher at 15,819.00, indicating a positive start for the Sensex and Nifty50. HDFC Bank | The bank, along with its subsidiary HDFC Securities, will pick up a…

10 things you need to know before the opening bell on June 23

The Indian market is likely to open higher on Wednesday following a mixed trend in Asian peers. At 8:02 am, the SGX Nifty was trading 124 points or 0.79 percent higher at 15,881, indicating a positive start for the Sensex and Nifty50. 1. Wall Street: Stocks finished higher on Wall Street Tuesday, nudging the S&P…

India Received $64 Billion FDI In 2020, Fifth Largest In World: UN

India received $64 billion in Foreign Direct Investment in 2020, the fifth largest recipient of inflows in the world, according to a UN report which said the COVID-19 second wave in the country weighs heavily on the country’s overall economic activities but its strong fundamentals provide “optimism”…

CNBC-TV18’s top stocks to watch out for on June 21

The Indian market is expected to open lower on Monday following losses in global peers. The trend on SGX Nifty also suggests a negative start for the broader index in India. The Nifty futures were trading 164.50 points or 1.04 percent lower at the 15,585.50 level on the Singaporean Exchange at 7:10 am. Telecom…

Global Markets: Fed update weighs down Wall Street, adds fuel to the dollar

All three main indices on Wall Street dropped Friday with investors wary of a more hawkish stance from the US Federal Reserve, while the dollar posted the strongest gains in over a year and oil prices continued a steady climb. After starting the week near record highs, US stocks have steadily dropped since Fed…

Paytm Seeks Shareholder Approval For $1.6 Billion Sale Of New Stock: Report

Digital payments firm Paytm is seeking shareholder approval to sell up to ₹ 12,000 crore in new stock in what could be the South Asian country’s biggest-ever initial public offering at a total of $3 billion. Paytm, which counts China’s Alibaba and Japan’s SoftBank as backers, will…

Economy May Have Shrunk 12% In June Quarter Due To Covid Second Wave: Report

The Indian economy may have contracted 12 per cent in the June quarter due to lockdowns imposed by the states in April and May to contain the second wave of the deadly Covid-19 pandemic, according to a report by UBS Securities India. The economy had contracted by 23.9 per cent in the same quarter last fiscal. The…

Sensex Recovers 850 Points From Day’s Low, Snaps Two Day Losing Streak

The equity benchmarks staged a strong recovery from intraday lows and snapped their two-day losing streak as late buying in Reliance Industries, HDFC Bank, Bajaj Finance, Hindustan Unilever and Infosys helped negate selling pressure in State Bank of India, Mahindra & Mahindra, NTPC and ONGC. The Sensex…

Monetary Policy Committee Needs To Be Watchful On Inflation: Minutes

The monetary policy committee must be watchful of inflation expectations getting entrenched if prices remain elevated for too long, as it could undermine its hard-earned credibility in efficient inflation targeting, MPC member Jayant Varma wrote in the June meeting minutes published on Friday. “To maintain and…