New Delhi: The government has greenlit the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME), aimed at facilitating loans of up to Rs 100 crore for eligible firms to acquire machinery and equipment. Under this scheme, the National Credit Guarantee Trustee Company Limited (NCGTC) will provide a 60% guarantee coverage to member lending institutions (MLIs) for.
New Delhi: The Maha Kumbh Mela has significantly boosted profits in the hospitality and airline industries, reflected in rising share prices, particularly for Benares Hotels, a part of Tata Group’s Indian Hotels. On Wednesday morning, Benares Hotels Ltd saw its share price rise to Rs 10,610.00 on the BSE, marking an 11.50% increase from Tuesday’s closing.
New Delhi: A recent report from the Reserve Bank of India (RBI) highlights a significant increase in retail digital payments in India, soaring from 162 crore transactions in the financial year 2012-13 to over 16,416 crore transactions in 2023-24—an approximately 100-fold rise over the past 12 years. This growth is also reflected in the RBI’s.
New Delhi: The Union government is expected to unveil innovative strategies in the upcoming Budget 2025 to enhance infrastructure, agriculture, MSMEs, and other essential sectors, according to a report by the State Bank of India. Among the proposed measures could be alternative funding avenues for infrastructure projects, which are usually less expensive than traditional loan.
Mumbai: Indian markets are gearing up for a crucial week ahead, as significant events like the Union Budget, macroeconomic data releases, Q3 earnings reports, and the US Federal Reserve’s policy decision are expected to impact market sentiment. Starting Monday, the upcoming week will be vital for investors, particularly with Finance Minister Nirmala Sitharaman set to.
Mumbai: Indian benchmark indices opened higher on Friday, extending gains to day three this week, as Nifty Bank, auto, FMCG and IT sectors led the morning trade. In early trade, Nifty rose 0.31 per cent to 23,277, while the 30-stock Sensex advanced 0.31 per cent to 76,765. Seven out of the 12 sectors on the.
Mumbai: Indian benchmark indices opened higher on Monday, taking positive cues from its Asian peers, as traders geared up for Donald Trump’s inauguration as the 47th US President. At around 9.35 am, Sensex was trading at 76,701.3, up nearly 100 points while Nifty was at 23,215.65, nearly flat. Shares of Kotak Mahindra Bank, Wipro, Bharti.
Mumbai: As Indian investors adopt a cautious approach ahead of the inauguration of Donald Trump as 47th US President and his comments with focus on tariffs, this week was a mixed bag for the domestic benchmark indices. After three days of gains, the domestic market ended on a weak note on Friday as large-cap IT.
Mumbai: The Indian stock market opened lower on Friday amid weak global cues as selling was seen in the IT and private bank sectors. At around 9.30 am, Sensex was trading at 76,717.03 after dropping 325.79 points or 0.42 per cent, while Nifty was trading at 23,225 after declining 86.80 points or 0.37 per cent..
Mumbai: The Indian stock market opened higher on Thursday amid positive global cues, including hope of an end to the conflict in Gaza, as buying was seen in the PSU bank and financial service sectors. At around 9.22 am, Sensex was trading at 77,157.74 after rising 433.66 points or 0.57 per cent, while Nifty was.
