Buisiness

MUMBAI: RBI net sold $11.1 billion in the spot foreign exchange market in Jan, according to data released on Wednesday. It purchased $49.2 billion and sold $60.3 billion during the month.This was lower than Dec 2024, when RBI bought $54 billion and sold $69 billion, resulting in net sales of $15 billion. From April 2024…

Air India is considering a substantial new order for wide-body aircraft from both Boeing and Airbus, according to industry sources, as part of its ongoing transformation under Tata Group’s ownership.The discussions are for 30 to 40 aircraft, divided between Airbus A350 and Boeing 777X models, with possibilities of exceeding 50 aircraft. Sources indicated to Reuters…

Market observers remain uncertain about the sustainability of mid and small cap stocks’ recovery. (AI image) Mid-cap and small-cap stocks back on track? The mid-cap and small-cap stocks’ recent upward movement suggests potential for further upside. Technical indicators in the short term suggest their indices could rise by an additional 5%, following a similar increase…

This recruitment initiative is aligned with the company’s yearly lateral hiring strategy. Infosys, the Narayana Murthy founded software giant, is currently seeking experienced professionals across more than 40 different skill sets to fill various positions. The organisation requires candidates with a minimum of two years’ work experience in specialised fields including cloud computing, cyber security,…

Department of Financial Services noted that reduced financial savings create challenges for banks’ liquidity management. (AI image) The Finance Ministry has told the Parliament about the risks associated with households moving their deposits from banks to market-linked financial instruments seeking better returns. This shift could expose families to substantial market risks, potentially leading to monetary…

The Ministry of Road Transport and Highways is developing annual and lifetime toll charges for national highways. (AI image) The Modi government is working on a plan to reduce the toll payout for regular national highways’ users. Road Transport and Highways Minister Nitin Gadkari has announced that a new policy for national highway toll charges…

MUMBAI: India remains the most cost-effective destination for remittances, yet recipients still lose around 5% of the money sent by relatives abroad in transfer costs.According to a Reserve Bank of India (RBI) study, the global average cost of sending $200 has fallen (from nearly 9.7% in 2009 to around 6.7% in Q2 2024) but remains…

Analysts anticipate further market recovery, supported by positive FII sentiment and sustained domestic investments. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, rose in opening trade on Thursday. While BSE Sensex rallied over 400 points, Nifty50 crossed the 23,000 mark. At 9:18 AM, BSE Sensex was trading at 75,829.02,…

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the incentive scheme for low-value BHIM-UPI transactions with an estimated outlay of Rs 1,500 crore. MUMBAI: The Union cabinet on Wednesday approved an incentive scheme to promote low-value BHIM-UPI transactions, focusing on payments made to merchants. The Rs 1,500 crore initiative, running from…

Top stocks to buy (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, LIC Housing Finance, Bank of Baroda and UPL are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for March 20,…