Quick commerce is witnessing a massive growth in the country, as Indians spent Rs 64,000 crore on platforms like Blinkit and Instamart in FY25. This figure is more than double the Rs 30,000 crore recorded in the previous year, according to a new report released Thursday by CareEdge Advisory.The agency, a unit of domestic ratings…
NEW DELHI: The Department of Financial Services (DFS) under the Ministry of Finance has refuted media reports claiming it instructed banks to shut dormant Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts. In an official statement issued on July 8, the ministry clarified that no such directive has been given and that the reports are “factually incorrect.”“In…
SBI’s leadership had given their approval for this share sale in May. (AI image) SBI QIP: State Bank of India, the biggest asset-based lender in India, plans to offer shares worth Rs 25,000 crore ($2.9 billion) to institutional investors, potentially launching as early as next week, according to a Bloomberg report quoting sources. This could…
Asian stock markets mostly advanced on Thursday, supported by hopes that global leaders will reach agreements to ease the impact of US President Donald Trump’s new wave of tariffs. Despite Trump expanding his list of trade penalties, investors remained optimistic, with gains across key Asian indices and US markets continuing to hit record highs.Bitcoin also…
NEW DELHI: An Indian commerce ministry team is set to visit Washington soon for another round of talks with the United States over the ongoing tariff dispute and a proposed bilateral trade agreement, a government official said on Thursday.The dates for the visit are yet to be confirmed, but the team is likely to visit…
US President Donald Trump has escalated trade tensions by sending tariff letters to more than 20 countries, warning that higher import duties will take effect from August 1, 2025 if bilateral trade deals are not reached. The move marks a continuation of his aggressive “reciprocal tariff” policy first announced in April this year.The letters outline…
Gold price prediction today: Prices have broken the crucial ₹96,000 support zone, triggering a short-term bearish bias in MCX gold. (AI image) Gold and silver price prediction today: Gold rate is exhibiting a short-term bearish trend as its long-term story of being a safe haven remains intact. Where are gold and silver prices headed in…
Indian markets are expected to be cautious, awaiting the finalisation of the India-US mini trade deal. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Thursday. While Nifty50 was near 25,475, BSE Sensex was above 83,550. At 9:18 AM, Nifty50 was trading at 25,475.90. BSE…
Top stocks to buy (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Voltas, Samvardhana Motherson International Ltd, and JK Tyre & Industries Ltd. are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks…
Nirmala Sitharaman (File photo) NEW DELHI: Easing of financing conditions is expected to help improve credit prospects for the NBFC sector, according to finance minister Nirmala Sitharaman. Recent regulatory measures, such as the restoration of risk weights on bank lending and easing of financial conditions, are anticipated to further enhance credit prospects, thereby strengthening the…