Finance

Sensex dips 1500 points: Investors lose around Rs. 6 lakh crore

Indian shares fell sharply and the rupee hit a record low as US inflation data and a COVID-19 warning from Beijing roiled global markets.

Paytm Mall’s operations to be now on ONDC: CEO Vijay Shekhar Sharma

Paytm Mall's operation will now be built on the Open Network for Digital Commerce (ONDC), which will have a greater impact on small enterprises, according to Paytm founder & CEO Vijay Shekhar Sharma.

Hero FinCorp 1st Indian company to bag SOFR-Syndicated loan

The company promoted by Hero MotoCorp levered up $350 million at 168 points above SOFR.

FDI inflow continues to grow persistently: Ministry of Commerce & Industries

“To promote Foreign Direct Investment (FDI), the Government has put in place an investor-friendly policy, wherein most sectors are open for 100% FDI under the automatic route," the Ministry of Commerce & Industry said in a statement.

IRCTC reports 168% YoY surge in net profit to Rs 209 crore in Q3

It also proclaimed an interim dividend of Rs 2 per share for FY22 and fixed February 18 as the date for payment.

MFIs’ assets under management is expected to improve by 18-22% in FY23: ICRA

A long-term observatory for non-banking financial companies-microfinance institutions (NBFC-MFIs) is likely to remain robust, helmed by the fact that the growth in issuances is expected to have continued in Q3 FY2022, after the revival in Q2 FY2022, the firm expects.

“LIC IPO expected shortly,” announces FM Sitharaman while presenting Budget 2022

The government is contemplating a two-part IPO of LIC due to disquiet over the equity market's proficiency to absorb such a large primary issue at one go.

“Budget 2022 to favour all sections of the society,” says MoS Finance Bhagwat Karad

Today, at 11 am, Finance Minister Nirmala Sitharaman will announce the Union Budget 2022.

Budget 2022: Check key highlights from PM Modi’s address to the Parliament

In the Budget Session 2022 of Parliament that began today, Prime Minister Narendra Modi gave a brief address to the media.

Rupee up 8 paise against USD

Sensex bounces back over 700 points

India-China trade marks record surge in 2021, export jumps over 34℅: Report

The percentage of raw material, intermediate goods and capital goods imports from China rose in 2021 as compared to 2019.

GOI appoints Dr V Anantha Nageswaran as new Chief Economic Advisor

The other shortlisted contenders for the command were Principal Economic Adviser Sanjeev Sanyal, Pami Dua, Professor, Delhi School of Economics and Poonam Gupta, Director General, National Council of Applied Economic Research (NCAER).

Budget 2022: No halwa ceremony this year; Budget to be presented in paperless form

The 'halwa ceremony' a tradition that was held every year, 10 days before the Union Budget will not happen this year due to the prevailing Omicron cases upsurge.

OYO to target $9 billion valuation in IPO: Report

In January 2022, more than 500 current and former employees of OYO, bought over 3 crore shares in the company. The total value of these shares can be approximated to about INR 330 crores, as per the last valuation of OYO of $9.6 bn.