MUMBAI: SBI chairman C S Setty said that several initiatives taken by govt to formalise the MSME and agriculture sectors through digitalisation have enabled banks to lend to these segments. He noted that digitalisation has transformed these areas, allowing banks to develop innovative models that expand formal credit access to previously underserved sectors.Setty was speaking at the 77th AGM of …
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NEW DELHI: Starlink is likely to face a spectrum tax in India, which had been abolished for terrestrial network providers, such as Reliance Jio, Airtel and Vodafone Idea a few years back, sources said. The tax, if imposed, will increase service costs for Elon Musk-run satcom venture in India.The move will be another challenge for the American satellite major, which …
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India’s net direct tax collections have surged by 13.13% to over Rs 21.26 lakh crore so far this fiscal year, according to government data released on Monday. This growth is largely attributed to higher advance tax collections, with the government collecting Rs 10.44 lakh crore from four instalments of advance tax, compared to Rs 9.11 lakh crore in the previous …
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Zerodha founder & CEO Nithin Kamath (File Photo) Zerodha founder & CEO Nithin Kamath has emphasised on the critical role of risk management in ensuring the success of traders, particularly in volatile market conditions. In a X (formerly Twitter) post, Kamath shared insights based on his experience as both a trader and broker. Kamath noted that in his career, he …
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Gold’s performance as both a safe haven and wealth generator has garnered attention, with its 17% three-year returns outpacing Sensex’s 11.6% Gold has since ages been seen as a safe haven investment bet, especially in riskier times when other asset classes face uncertainty. But is gold just a safe haven investment or is it also a wealth creator? How do …
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Gold and silver prices reached fresh record levels on Monday, surging by Rs 1,300 each, driven by strong global market trends amid rising concerns over US tariffs, trade tensions, and expectations of monetary policy easing by the Federal Reserve.According to the All India Sarafa Association, gold of 99.9% purity surged by Rs 1,300, hitting an all-time high of Rs 90,750 …
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RBI announces final redemption price of Sovereign Gold Bond 2016-17 Series IV The Reserve Bank of India (RBI) has declared the final redemption price for the Sovereign Gold Bond (SGB) 2016-17 Series IV, which is due for redemption today, March 17, 2025. SGBs were repayable after eight years from the issue date, making the final redemption date March 17, 2025.Final …
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Foreign portfolio investors (FPIs) are on track for the worst-ever annual equity selloff in FY25 in rupee terms, driven by sustained outflows since October 2024. In the first two weeks of March, FPIs sold equities worth Rs 30,015 crore across both primary and secondary markets, bringing the total outflow for the fiscal year to Rs 1.5 lakh crore. This has …
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Global market uncertainties and potential US recession concerns could affect domestic market momentum. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Monday. While BSE Sensex was above 74,100, Nifty50 was above 22,500. At 9:23 AM, BSE Sensex was trading at 74,186.02, up 357 points or 0.48%. Nifty50 was at 22,515.25, …
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Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting March 17, 2025) are HPCL and Varun Beverages. Let’s take a look: Stock CMP Target Upside HPCL 324 490 51% VBL 488 680 39% HPCL:HPCL’s 3QFY25 earnings beat estimates, driven by strong refining margins and robust …
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