Category: Business

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SEBI advises investors to remain calm before reacting to ‘inaccurate’ Hindenburg report

In a statement, SEBI said that investors should assume that Hindenburg Research may have short positions in the securities covered in the report.

Markets unfazed by Hindenburg report, Sensex and Nifty rise after slight dip

Mumbai: The stock markets showed resilience on Monday during mid-trading, shrugging off concerns raised by the recent Hindenburg report. Despite opening with a slight dip, both the BSE Sensex and Nifty 50 indices managed to recover during mid-day trading, moving into positive territory, indicating investor confidence and market strength. BSE Sensex had climbed to 79,909.

RBI set to initiate rate cuts in October; Crisil forecasts two reductions for the Fiscal year

The credit rating agency further anticipated that it expects "two rate cuts this fiscal."

FM Sitharaman urges banks to innovate and focus on core business to boost deposits

Accounts are a major source of funds for banks because they are cheaper than term deposits.

RIL laid off around 11% workforce, reduce around 42,000 employees in FY24

Mumbai: In the financial year 2024, Reliance Industries Limited laid off 11 percent of its workforce compared to the financial year 2023. The company reduced approximately 42000 employees in the current financial year. In financial year 2024, RIL’s employee strength stood at 347,000, whereas in financial year 2023 it was 389,000. Reliance Industries has reduced.

Bangladesh Unrest– An opportunity for Indian Textile industry

Ludhiana: As political and social unrest disrupts industrial activity in Bangladesh, Indian textile manufacturers are finding a temporary opportunity to negotiate new deals and regain some ground lost to their Bangladeshi counterparts. According to the industrialists, if garment manufacturing in Bangladesh faces prolonged closures, it can be a good opportunity for the Indian textile industry..

Rupee hits record low, approaches 84 amidst global market uncertainity

Reserve Bank of India might allow USD/INR to move higher to 83.90.

India to host inaugral BIMSTEC business summit from August 6-8

Several Ministers of the BIMSTEC Member States from the ambit of Trade, Commerce and Industry.

Report Alerts: India’s equity market at risk of significant drawdowns

After weeks of warning from SEBI, RBI and the FM, the market regulator released a 'consultation' paper proposing measures to reduce trading activity in options.