NEW DELHI: India showed enthusiasm for used cars in 2024, with a remarkable 76 per cent of Spinny customers emerging as first-time buyers. This markes a 3 per cent rise from the 73 per cent recorded in 2023 according to an annual report by the company dealing with selling and buying of used cars. Highlights of the report Women buyers …
Read More »
The Real GDP or GDP at Constant Prices is projected to reach Rs 184.88 lakh crore in FY 2024-25. (AI image) India’s GDP growth for the financial year 2024-25 will likely slow down to 6.4% as compared to 8.2% in the previous fiscal, as per the first advance estimates of GDP released by the National Statistics Office (NSO), Ministry of …
Read More »
NEW DELHI: Trade unions on Monday pressed for increasing minimum EPFO pension 5 times to Rs 5,000 per month, immediate constitution of the 8th Pay Commission and higher taxes on super rich in the upcoming 2025-26 Budget. In their pre-budget meeting with FM Nirmala Sitharaman, trade union leaders also demanded an increase in income tax exemption limit to Rs 10 …
Read More »
NEW DELHI: In November 2024, central banks globally added a combined total of 53 tonnes of gold to their reserves, with the Reserve Bank of India (RBI) contributing 8 tonnes, according to the World Gold Council (WGC). In 2024, central banks, particularly those from emerging markets, continued to be avid buyers of gold, to achieve a stable and secure asset …
Read More »
NEW DELHI: Global central banks remained active in the gold market in November 2024, collectively adding 53 tonnes of the precious metal to their reserves, according to the World Gold Council.This sustained buying trend reflects the growing preference for gold as a stable and secure asset amidst global economic uncertainties.India’s year-to-date purchased 73 tonnes of gold with total gold reserves …
Read More »
Standard Glass Lining IPO is a Rs 1,250 crore issue which comprises fresh equity of Rs 210 crore and an offer for sale of 1.42 crore shares. (AI image) Standard Glass Lining Technology IPO: The IPO opened for subscriptions today and was oversubscribed within an hour, driven by strong participation from retail and non-institutional segments.The overall subscription currently stands at …
Read More »
Technical analysis suggests that the index could advance towards 24,200-24,220. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Monday. While BSE Sensex was up over 100 points, Nifty50 was above 24,000. At 9:16 AM, BSE Sensex was at 79,323.56, up 100 points or 0.13%. Nifty50 was at 24,029.25, up 25 …
Read More »
Consumer stocks took a beating during last quarter’s selloff in Indian equities, reflecting signs of stress in urban demand. A flurry of third-quarter business updates will keep traders busy on Monday as they look for signs of a rebound in growth after depressing second quarter earnings. Bulls will be eyeing a comeback, as Nifty futures indicate a positive start to …
Read More »
MUMBAI: The systematic withdrawal scheme introduced under the National Pension System (NPS) provides retirees with a facility to deploy their retirement corpus and have their funds managed in a cost-efficient manner.The NPS has already demonstrated its ability to outperform most retirement funds in terms of returns. Previously, a subscriber, on exit from NPS, did not have the option to systematically …
Read More »
NEW DELHI: Hit by inflation, higher input costs and pricing measures, FMCG companies are expected to see a contraction in their gross margin and a modest-to-flat operating profit in the Dec quarter. Several FMCG makers are likely to log a low single-digit rise in their revenue, returning to the cycle of value-driven growth.One of the reasons could be that a …
Read More »
Unews World