BUSINESS
India Sees Stronger Growth in High-Quality Formal Sector Jobs
New enrolments to the Employees' Provident Fund scheme, which applies to larger organisations and better-paid employees, increased by 2.3 per cent-6.1 million in the first half of 2024-25 (April - September) compared to the same period of the previous year.
Centre Approves PAN 2.0 Project Worth Rs 1,435 Crore to Overhaul Taxpayer System
It allows for ease of access and speedy service delivery with improved quality; a single source of truth and data consistency; eco-friendly processes and cost optimisation; and security and optimisation of infrastructure for greater agility.
Sensex Soars 1,200 Points in Jubilant Response to MahaYuti’s Landslide Victory
Adani Enterprises (NS:ADEL), Shriram Finance, M&M (NS:MAHM), Bharat Electronic and BPCL were among major gainers on the Nifty, while JSW Steel (NS:JSTL) was the top loser.
Adani Group CFO Clarifies No Portfolio Companies Involved in Legal Cases Amid US Promoter Indictment
"The group will make a detailed comment on the US indictment once it gets counsel approvals," Singh posted on X.
India's Foreign Exchange Reserves Reach $657.89 Billion
India's foreign exchange reserves were at $675.65 billion on November 8 but since the RBI has been releasing dollars in the market to prop up the rupee, the reserves have come down by $17.7 billion, according to market analysts.
Binny Bansal Resigns from PhonePe Board
PhonePe also announced the appointment of Manish Sabharwal as an Independent Director and Chair of its Audit Committee.
Mumbai, Delhi Rank Among Top 5 Prime Residential Markets in Asia-Pacific
Mumbai ranked third on the annual prime residential price growth index for the APAC region in the report by Knight Frank, recording an 11.5 per cent YoY increase in luxury property prices in Q3 2024. “Mumbai’s outperformance is in line with the performance of Indian stock markets.
Bulls Dominate Dalal Street, Sensex and Nifty Surge Over 2%
The rally in financial stocks and strong US labour market data were among the factors that drove the Sensex and Nifty up more than 2 per cent. A rally in the blue-chip bank stocks also helped the benchmark indices jump in Friday's trade.
VC Funding in China Drops 26.8% from Jan-Oct, While India Sees Surge
According to GlobalData, a leading data and analytics company, "This marks a year-on-year (YoY) decline of 22.5 per cent in VC deal volume, while the total disclosed funding value declined by 26.8 per cent."
Indian Stock Market Opens in Green, Sensex Jumps 459 Points
In early trade at around 9:41 am, Sensex was trading at 77615.50 after gaining 459.71 points or 0.60 percent, while the Nifty was at 23,489.75 after gaining 139.85 points or 0.60 percent.
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