BUSINESS
Sensex Plunges 1,414 Points, Nifty Closes at 22,125 on US Trade Tariff Concerns
The Sensex crashed 1,414 points, or 1.9%, closing at 73,198 after touching an intraday low of 73,141 briefly. During the last week, the index lost 2,113 points (2.8%), and in February, the index declined cumulatively by 4,303 points (5.6%). The Sensex has now declined close to 15% from its all-time high of 85,978.
Gold Futures Drop by ₹446, Trading at ₹84,750 per 10 Grams
Gold contracts for April expiry on the Multi Commodity Exchange (MCX) fell by ₹446, or 0.52%, to ₹84,750 per 10 grams, with a turnover of 14,812 lots.
EPFO Maintains 8.25% Interest Rate on Provident Fund Deposits for 2024-25
In February 2024, EPFO had increased the interest rate marginally to 8.25% for 2023-24 from 8.15% for 2022-23. Previously, in March 2022, the 2021-22 interest rate was cut to 8.1%, the lowest in over four decades. It was a reduction from 8.5% in 2020-21. The interest rate hadn't been as low since 1977-78, when it was 8%.
Government Names Tuhin Kanta Pandey as SEBI Chief for Three-Year Term
Pandey will take over the role for an initial term of three years, succeeding the current Chairperson, Madhabi Puri Buch, whose tenure concludes on March 1.
Trump Imposes Additional 10% Tariff on Chinese Imports
Trump explained the move in a statement published on Truth Social on Thursday, citing fears of smuggling illicit drugs, especially fentanyl, into the United States.
The Boom of Personal Loans in India: What’s Driving the Surge?
This article explains what is driving the boom in personal loans in India and its impact on the financial landscape.
India’s Tablet Market Sees Strong 42% Growth in 2024
According to figures from IDC's 'Worldwide Quarterly Personal Computing Device Tracker,' both slate and detachable tablets were major contributors to this growth, registering year-over-year (YoY) growth of 30% and 47.2%, respectively.
Apple Addresses iPhone Bug That Links 'Racist' to Donald Trump's Name in Voice-to-Text|
In an email statement, Apple confirmed the issue and ensured that a solution is underway. The problem made headlines after several social media users posted videos of the anomaly.
Indian Markets Expected to Stabilize by Q4 2025, FPI Flows Likely to Turn Positive: Report
PL Capital-Prabhudas Lilladher's India Strategy Report indicates that the effect of some government policies and good monsoons will start to manifest in better consumer demand by Q2 of 2026.
Providing ₹2,500 Monthly to Women a Top Government Priority: Delhi L-G
L-G Saxena emphasized that the government would work under Prime Minister Narendra Modi’s vision of "Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas aur Sabka Samman."
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