When we talk about expensive stocks, our eyes often turn to America and Europe. However, India has several stocks valued not just in hundreds, but in thousands. Notably, there’s a stock whose price exceeds a whopping one lakh rupees. Just a few months ago, this stock even reached one and a half lakh rupees. This ...
The financial landscape in India is experiencing a significant shift as the country’s banks, whether public giants like SBI or smaller private institutions, are grappling with an alarming decline in deposits. Where once the cumulative bank deposits soared to an impressive ₹2.86 lakh crore, recent reports indicate that this figure has plummeted to just ₹0.95 ...
Investing in the stock market is not for everyone, as it carries a significant amount of risk. In India, mutual funds have become increasingly popular, providing a more accessible and less risky alternative to direct stock market investments. Many first-time investors in the stock market often turn to mutual funds for a safer entry into ...
Have you ever faced a situation where your company informed you about the deduction from your salary as part of the CTC (Cost to Company) for the Provident Fund (PF), only to find out upon leaving the company that a portion of your PF was never deposited? Fortunately, such occurrences may soon be a thing ...
Indian industrialist Gautam Adani has been on a growth trajectory since the controversies surrounding the Hindenburg report began to subside. Recently, his company has successfully raised several thousand crore rupees through a qualified institutional placement (QIP). Now, in a strategic move to expand his port operations, Adani is set to acquire a 15-year-old company for ...
India’s Forex Reserves Reach Historic High The Reserve Bank of India (RBI) has delivered fantastic news to the government: the country’s foreign exchange reserves have hit a historic high, marking a significant financial boost despite challenges faced in GDP growth. In a remarkable turning point, the government has seen an increase of ₹59,000 crores (approximately ...
The Unified Payment Interface (UPI) of India is rapidly becoming the favorite payment system globally. An impressive aspect of this Indian payment system is its ability to overshadow even China’s dominance in the digital payment space. In just five months, UPI transactions soared to nearly $1 trillion, equivalent to ₹81 lakh crores. In contrast, payment ...
Signs of Economic Slowdown in India? The question arises whether signs of a recession are emerging in the Indian economy. This concern has been heightened following the recent release of economic growth figures and core industry growth data. Contrary to the Reserve Bank of India’s (RBI) forecasts, the country’s GDP growth rate for the first ...
The Indian aviation sector is poised for a significant transformation on November 11, as the Tata Group’s airline, Vistara, will cease its operations as a standalone airline. Following its merger with Air India, all Vistara flights will now operate under the Air India brand. This transition raises an important question for customers: What will happen ...
Current Gold and Silver Prices: An Overview In the heart of India’s capital, Delhi, gold prices have witnessed an increase after a two-day pause. On Wednesday, there was no change in gold prices, and while the prices dipped on Thursday, they surged again on Friday. Interestingly, silver prices remained stable throughout this period. In international ...