Business

21Aug

Business

Jio Financial Services Listed Today; Check Details

Something to look forward to in the markets today is the listing of Jio Financial Services, demerged from Reliance industries. Its Rs. 265 on the BSE and Rs. 262 on the NSE, slightly higher than its discovered price. At the opening, the values were at a high of 278 and at a low of 253 in the first f...

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20Aug

Business

Falguni Nayar The Nykaa: An Indian Beauty Story

Falguni Nayar is her own Naykaa, Indian billionaire businesswoman, the founder and CEO of lifestyle and retail brand Nykaa. Nayka translates to the one in limelight, or the ‘nayaka’ of the story. It all began in the year 2012, when she quit her job at the age of 50, only to begin to drive her dream...

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20Aug

Business

40% Export Duty On Onions To Control Prices And Improve Domestic Stocks

A 40% duty has been imposed on the exports of onion by the central government, to bring down the prices. “The national average of the essential vegetable had increased by at least 5% compared to the last year,” the Hindu reported. A gazette notification of the Union Finance Ministry’s Revenue Dep...

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20Aug

Business

Rs 35,012 Crore With RBI: Now A Web Portal To Search For Unclaimed Deposits

Reserve Bank of India, has launched a centralised web portal, UDGAM (Unclaimed Deposits, -Gateway to Access information) for the people, to search for their unclaimed deposits across multiple banks at one place, the RBI press release said. The finance ministry had informed the Parliament in April...

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20Aug

Business

Navigating The Funding Winter: How India’s Fintech Ecosystem Can Weather The Storm

The fintech sector in India has encountered a formidable challenge in the form of a funding winter, with funding plummeting by 60% year-to-date. Despite this setback, the Indian fintech landscape possesses unique attributes that could contribute to its resilience and ability to endure this funding d...

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19Aug

Business

Jan Dhan Accounts Cross 50 Crore, “Significant Milestone,” Says PM Modi

Finance ministry said yesterday that the total number of Jan Dhan accounts, a financial umbrella provided by the Government of India to make economically backwards Indian citizens fall within a structured financial institution, have crossed 50 crore as of August 9, 2023. Out of these accounts, a sta...

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18Aug

Business

Tomato To Get Cheaper, Government Bodies To Sell For Rs 40

Ministry of Consumer Affairs, Food and Public Distribution has asked National Agricultural Cooperative Marketing Federation of India (NAFED) and National Cooperative Consumers' Federation of India Limited (NCCF) to sell tomatoes at retail price of Rs 40 per kilo from August20, 2023 in view of the co...

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18Aug

Business

India To Consider Russian Wheat Imports At Discount In Order To Calm Prices

India-Russia talks are on the way about importing wheat at a discount as a measure to boost the supply and to control food inflation ahead of national and state elections coming next year, Reuters reported. This move is expected to aid New Delhi in effectively intervening in the wheat prices to b...

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18Aug

Business

Moody’s Affirms India’s Baa3 Rating, But Mentions Manipur Violence

Moody's Investors Service ("Moody's") has today affirmed Indian government's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at Baa3. Moody's has also affirmed India's other short-term local-currency rating at P-3. The outlook remains stable, the ag...

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18Aug

Business

Markets Today: Nifty, Sensex Stay In Red

Rupee looks up, only slightly though to 83. 15 from last 83.10 last. The benchmark indices, Nifty, Sensex and Nifty bank showed red. At close, Nifty stood at 19,310.15 at 55 points or 0.28%, Sensex was at 64,948.66 at 202.36 points or 0.31%. nifty bank closed at 43851.05 at 40.30 or 0.09% - all i...

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