BUSINESS
ZF Group to Inject Over Rs 18,700 Crore into Indian Market
The ZF Group expects its sourcing of parts from India for global and local demand to reach 2 billion euros annually by 2030.
Sensex Holds Steady Amid Global Market Weakness
The leading pack is from the midcap and smallcap stocks, which are outperforming their largecap peers. At 10:20 am, the Nifty Midcap 100 index is trading at 55,429 levels, up 183 points or 0.33%. On the other hand, Nifty Smallcap 100 is quoting at 18,334 levels, up 35 points or 0.20% on an intraday basis.
PMJDY Emerges as Global Leader in Financial Inclusion, Says Nirmala Sitharaman
The Finance Ministry said the number of PMJDY accounts has increased 3.6 times, from 156.7 million in March 2015 to 531.4 million as of August 14. Union Finance Minister Nirmala Sitharaman said that everyone must be given access to formal banking services universally and at affordable costs if the country is aiming for financial inclusion or financial empowerment. This, she said, mainstreams the economically deprived sections and is essential for the development of such denied sections of society.
FM Sitharaman Reports 53 Crore Jan Dhan Accounts Established Over a Decade
Sitharaman added that the average balance per account has also increased substantially from Rs 1,065 in March 2015 to Rs 4,352 as of today, of which around 80 percent of these accounts are operative. She said, "66.6 percent of total accounts have been opened in rural and semi-urban areas and 29.56 crore accounts are held by women," indicating large-scale operability of PMJDY accounts. She maintained that a very small percentage of accounts has zero balance-only 8.4 percent-and there has been no requirement for maintaining minimum balance in the accounts under the scheme.
India Set to Overtake as World's 3rd Largest Economy: Ashwini Vaishnaw
As the current largest economy with a US dollar economy valuation of $28.8 trillion, the United States is expected to grow at only 2.6 percent-that positions it seventh in the lineup of economic growth.
Nifty Surpasses 25,000 Mark for Second Consecutive Session
There was considerable buying in the mid-cap and small-cap space compared to the large caps. The Nifty Midcap 100 index was at 59,220, up 289 points or 0.49%, and the Nifty Smallcap 100 index was at 19,333, up 201 points or 1.05%.
Foreign Investors Pour Over ₹1 Lakh Crore into Indian Debt Market in 2024
FPIs have pumped a net ₹1,02,354 crore to Indian debt instruments so far this year, data from NSDL showed. The monthly capture reflected inflows at ₹11,366 crore in August, ₹22,363 crore in July, ₹14,955 crore in June and ₹8,760 crore in May.
Elon Musk Endorses California’s AI Regulation Bill
"I understand that the bill is controversial," Musk said in a statement on the X social media platform. "[B]ut, on balance, California should approve SB 1047." He andare long-standing supporters of AI being subject to regulation, calling it similar to the level of scrutiny endured by other technologies presenting public risks.
Sensex Opens Steady Amid Mixed Global Market Signals
Midcap and smallcap stocks are experiencing more buying interest compared to largecap stocks. The Nifty Midcap 100 index has risen to 59,117, gaining 185 points or 0.32%, and the Nifty Smallcap 100 index has climbed to 19,183, up 51 points or 0.27%.
Home Loan Balance Transfer vs. Refinancing: Which Option is Better?
In this article, we’ll explore the differences between home loan balance transfer and refinancing, helping you make an informed decision.
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