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October 7, 2024 New Delhi, India HiBox App Scam Delhi Police have summoned several high-profile celebrities, including actor Rhea Chakraborty, comedian Bharti Singh, and YouTuber Elvish Yadav, as part of an ongoing investigation into the Rs 500 crore HiBox app scam. The app, launched in February 2024, is alleged to have defrauded over 30,000 investors…
October 3, 2024 New Delhi, India Stock Market Today Indian stock markets faced a sharp downturn on Thursday, October 3, with the Sensex plunging 1,730 points and the Nifty falling 2% to close around 25,250. The decline was driven by a combination of geopolitical tensions in the Middle East and new SEBI regulations concerning F&O…
September 28, 2024 New Delhi, India The National Stock Exchange (NSE) is set to conduct a mock trading session today, September 28, 2024, between 12:00 PM and 1:00 PM from its Disaster Recovery (DR) site. This marks the third special trading session organized by the NSE this year, as part of its efforts to ensure smooth…
September 19, 2024 New Delhi, India Stock Market Today The Indian stock market closed on a mixed note following the U.S. Federal Reserve’s decision to cut interest rates by 50 basis points. The Sensex rose by 236 points, ending at 83,184, while the Nifty gained 52 points to close at 25,415. While banking and FMCG…
September 13, 2024 New Delhi, India India’s Retail Inflation Retail inflation in India edged up to 3.65% in August 2024, according to data released by the National Statistical Office (NSO) on Thursday. Despite the slight increase, inflation remained below the Reserve Bank of India’s (RBI) median target of 4% for the second consecutive month. Key…
August 30, 2024 New Delhi, India Moody: India’s GDP Growth Forecast Moody’s Ratings has revised its forecast for India’s GDP growth for 2024 to 7.2%, up from the earlier projection of 6.8%. This upward revision is attributed to stronger private consumption that is boosting aggregate demand in the economy. According to Moody’s, household consumption is…
August 23, 2024 New Delhi, India Stock Market Today Indian benchmark indices Sensex and Nifty concluded a volatile trading session on August 23, 2024, with minimal gains as investors remained cautious ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium. The speech is expected to provide insights into potential interest…
August 23, 2024 New Delhi, India SEBI India’s market regulator, the Securities and Exchange Board of India (SEBI), has imposed a five-year ban on industrialist Anil Ambani and 24 other entities, including key executives of Reliance Home Finance Ltd. (RHFL), from participating in the securities market. This decisive action follows SEBI’s investigation into the diversion…
July 26, 2024 New Delhi, India On Friday, the Indian equity market benchmarks Sensex and Nifty made a robust comeback after a five-day losing streak. This recovery was fueled by value buying at lower prices and strong performances from major blue-chip stocks such as Infosys, Tata Consultancy Services (TCS), and Reliance Industries. Market Performance: Sensex:…
July 13, 2024 New Delhi, India India’s consumer price inflation (CPI) in June 2024 rose to 5.08%, reversing the declining trend of previous months. This increase was driven by a significant surge in food prices, especially vegetables and pulses, amidst an uncertain economic environment. This article delves into the factors influencing the inflation rate and…
