Mehul Choksi, the fugitive diamond merchant, has been in the spotlight due to his ongoing legal battles and efforts to avoid extradition to India. Initially, Choksi expressed readiness to cooperate with Indian agencies and appear in court via video conferencing. However, his offer was dismissed, and the Indian agencies have continued their relentless pursuit to ...
In April, following the Indian Reserve Bank’s decision to reduce the repo rate by 0.25 percent, numerous banks have adjusted their Fixed Deposit (FD) rates accordingly. This reduction has brought the repo rate down to 6 percent, prompting financial institutions to reevaluate their deposit schemes, reflecting the current economic climate. Impact of Repo Rate on ...
In the dynamic landscape of the Indian stock market, the rankings of top companies frequently change. As of the latest reports, Reliance Industries has managed to maintain its position as the top company in India, with a considerable market capitalization. However, TCS has made notable strides, reflecting the competitive nature of the market. This article ...
Introduction Zerodha, one of India’s largest discount brokerage firms, has revolutionized the trading landscape with its zero brokerage policy on equity delivery. This significant change has attracted thousands of investors and traders, leading to substantial savings. However, as the CEO of Zerodha recently revealed, it’s essential for investors to remain vigilant about additional charges that ...
In recent times, the Indian stock market has witnessed a trend of foreign investors selling off their holdings. This is in stark contrast to the renewed interest that global investors are showing towards Chinese markets, driven by a series of favorable developments in China. Factors such as economic relief packages, key meetings between influential leaders, ...
Dividend stocks are often considered a reliable investment choice for those seeking consistent income through dividends, and the recent performance of Procter & Gamble Hygiene and Health Care (PGHH) illustrates this point well. The company reported impressive financial results for the quarter ending December 31, 2024, with notable growth in net profit compared to the ...
On February 10, market participants are urged to pay close attention to HDFC Bank, as it has made a significant adjustment to its Marginal Cost of Funds-based Lending Rate (MCLR). This strategic move marks a 5 basis points (bps) increase from the previous rate, reflecting changing economic conditions and the bank’s operational strategies. The new ...
As of today, gold prices have experienced a significant rise, reaching over ₹86,700. This surge follows the recent budget announcement, which has impacted the market dynamics for gold. Investors and consumers alike are keenly observing the fluctuations in gold rates, as the price of both 24-carat and 22-carat gold has increased by as much as ...
The upcoming Delhi Assembly elections in 2025 present a pivotal opportunity for political parties to make a mark on the national capital’s governance. With the elections scheduled for February 5, the incumbent Aam Aadmi Party (AAP) faces scrutiny from various quarters, including prominent figures like External Affairs Minister S. Jaishankar. As the political landscape heats ...
The leading FMCG (Fast-Moving Consumer Goods) company, Godrej Consumer Products, has recently announced some exciting news for its shareholders. As part of its commitment to delivering consistent value, the company declared an interim dividend for the current financial year. This move comes alongside the release of its quarterly results and indicates the company’s robust financial ...