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SEBI Fines Jai Anmol Ambani and Krishnan Gopalakrishnan in Reliance Home Finance Case The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 1 crore on Jai Anmol Ambani, son of industrialist Anil Ambani, for failing to exercise due diligence while approving general-purpose corporate loans (GPCLs) in the Reliance Home Finance…
India’s Farmers Plant More Crops This Year Thanks to Good Monsoon Rains New Delhi, India – India’s Kharif crop sowing has progressed significantly, with farmers planting crops across 1,104.63 lakh hectares so far, compared to 1,088.26 lakh hectares last year, marking a 1.5 per cent year-on-year increase. This surpasses the average area under cultivation for…
Minister Piyush Goyal’s Busy First Day in Australia On the first day of his visit to Australia, Commerce Minister Piyush Goyal engaged with various stakeholders in Sydney. The Minister attended a business roundtable hosted by the Business Council of Australia, with prominent Australian and Indian CEOs in attendance. He invited Australian business leaders to explore…
Finance Minister Nirmala Sitharaman’s Visit to Uzbekistan Finance Minister Nirmala Sitharaman will embark on a five-day official visit to Uzbekistan starting Tuesday. She will be accompanied by a delegation of officials from the Ministry of Finance. AIIB Annual Meeting During her visit, Sitharaman will attend the Ninth Annual Meeting of the Board of Governors of…
Big Business Opportunities in India with River Linking Projects India is set to see business opportunities worth Rs 2 lakh crore for engineering, procurement, and construction companies over the next decade with the completion of four major river linking projects, according to a report by ICRA. Key Projects and Funding The National Water Development Agency…
Good Monsoon Rains Help Indian Farmers Plant More Crops in 2024 Above-normal monsoon rains in India have helped farmers plant more crops this Kharif season, which is good news for agriculture. Rating agency ICRA says that the growth of agriculture, forestry, and fishing will improve to 3.2% in the financial year 2024-25 from 1.4% in…
HSCC India to Build AIIMS Darbhanga: A Major Healthcare Project in Bihar HSCC India, a wholly owned subsidiary of NBCC (India), has been appointed by the Ministry of Health and Family Welfare to construct AIIMS Darbhanga. This project is one of the largest healthcare initiatives in India, valued at approximately Rs 1261 crore. AIIMS Darbhanga,…
SEBI Study Reveals Most Individual Traders in India Lose Money in Futures and Options A recent study by the Securities and Exchange Board of India (SEBI) has revealed that approximately 93% of individual traders in the equity futures and options (F&O) segment have incurred significant losses. This study covered the period between 2021-22 and 2023-24….
RBI Expected to Cut Repo Rate by 25 Basis Points, Says Jefferies The Reserve Bank of India (RBI) is likely to reduce the repo rate by 25 basis points this year, according to a report by investment banking company Jefferies. This reduction is part of a broader plan to cut rates by a total of…
Mumbai Stock Market Hits New Highs Sensex and Nifty Surge The stock market in Mumbai closed with record highs on Monday. The BSE Sensex increased by 384.30 points, ending at 84,928.61, while the NSE Nifty rose by 148.10 points to 25,939.05. Strong buying in sectors like auto, oil and gas, and financial services contributed to…