GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a subdued opening on Monday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: GIFT Nifty traded muted as the index was trading 24.5 points or 0.10% lower at 24,370 indicating a negative start for
Russia remained the largest crude supplier to India in November, accounting for 38% of India’s total crude oil imports. However, imports from the country registered a marginal decline of 4% to 1.60 million barrels per day, against 1.67 million barrels per day in October, data from Vortexa showed. The country imported 4.2 million barrels of
As it diversifies its digital portfolio, Tata Communications has been growing its products and services across verticals like media and entertainment. Amur Lakshminarayanan MD & CEO, tells Urvi Malvania that core digital services like network transformation and CPaaS services will continue to evolve as the business environment changes and enterprises adopt cloud. Excerpts: How are
Rajeev Radhakrishnan, CIO, fixed income, SBI Mutual Fund, believes that the credit default swap (CDS) market can only take off once more players like banks, provident funds, and insurers participate in it. He tells Anupreksha Jain that short-term debt funds could be a good option for investors. Excerpts: Mutual funds have been actively participating in
The government is likely to raise the wage ceiling for mandatory inclusion of workers under Employees’ Provident Funds (EPF) and the Employees’ State Insurance Corporation (ESIC) schemes soon. The move will bring nearly 10 million of more employees under the ambit of the social security net. Currently, the wage ceiling for inclusion under EPFO is
Facing the prospect of missing its target for capex loans to states due to delays in launching the programme, the Centre has fast-tracked disbursements under the Rs 1.5 lakh crore, 50-year interest-free capex loan scheme to stimulate economic activity and job creation. A senior official told FE that, so far in FY25, the Centre has
The Centre’s move of levying a higher 28% goods and services tax (GST) on online gaming companies a year ago has taken away 20-25% margins of such firms, pushing them into losses, Head Digital Works founder and CEO Deepak Gullapalli told FE. Before October last year, online gaming firms were paying an 18% GST on
Fast-moving consumer goods (FMCG) companies continued to see sluggish growth in October-November, led largely by an urban slowdown. While most company executives that FE spoke to said they expect a turnaround in market growth rates by March-April next year, they added that the picture is dismal for now. “There is not much of a demand
Investors saved around Rs 2,000 crore to Rs 20,000 crore as Zerodha waived brokerage charges for equity delivery. In a post on X (formerly Twitter), Nithin Kamath, Founder & CEO of Zerodha, said that the company for the first time decided to charge zero brokerage in December 2015. Despite having issues in the options business
The Indian rupee posted its best day against the dollar in more than a month on the back of dollar inflows and an unwinding of speculative long-dollar positions, which also helped it log its best week in more than two years. The rupee ended at 85.9725 against the U.S. dollar from 86.3675 in the previous
Shares of Infosys and Wipro took a hit on the New York Stock Exchange (NYSE) on Thursday, reacting to Accenture’s latest earnings report. The American Depository Receipts (ADRs) of Infosys dropped 3.5% to $17.9, while Wipro’s ADRs slipped 3.2% to $2.79. This decline came despite Accenture raising the lower end of its full-year revenue forecast.
In a major update for UPI users, the National Payments Corporation of India (NPCI) has said that the Unified Payments Interface (UPI) services will not work on numbers that are inactive or reassigned to new users. The new regulations will be effective from April 1, 2025. To prevent fraud and unauthorised transactions, mobile numbers not
Gold prices decreased Rs 400 to Rs 91,250 per 10 grams in the national capital on Friday due to profit-booking and a subdued trend in the global markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled at Rs 91,650 per 10 grams on Thursday. Gold of