Read more about Navjot Singh Sidhu to meet Congress panel on Punjab at 11 am today on Business Standard. The first round of meeting of the three-membered panel constituted by Congress president Sonia Gandhi to resolve differences among its leaders in Punjab Congress had taken place on Monday
Read more about Gem and Jewellery Sectors Sees Financial Assistance And Banking Related Relief on Business Standard. All India Gem and Jewellery Domestic Council has written to the Union Finance Minister (FM) and the Reserve Bank of India (RBI) seeking immediate financial assistance and banking related relief for the stressed gem, jewellery and allied businesses
Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 269.83 points or 0.52% at 52,207.27. The Nifty 50 index was up 64.80 points or 0.42% at 15,647.60. The Nifty hit record high of 15,655.95 mark in early trade. Asian stocks are trading mixed.
The S&P BSE Mid-Cap index was up 0.48%. The S&P BSE Small-Cap index was up 0.59%.
The market breadth, indicating the overall health of the market, is strong. On the BSE, 1664 shares rose and 715 shares fell. A total of 102 shares were unchanged.
India s gross domestic product (GDP) for 2020-21 contracted by 7.3%, even as GDP for the year s last quarter (January-March 2021) grew by 1.6%, official data released by the National Statistical Office showed on May 31.
New Delhi [India], June 1 (ANI): Congress spokesperson Gaurav Vallabh on Monday hit out at the Centre alleging that the failure of the Central government in controlling the COVID-19 situation in the country dealt a heavy blow to the economy. Vallabh alleged that the Central government has weakened the banking system in the country. This comes days after the Reserve Bank of India (RBI) said: The March 2021 round of the Reserve Bank s consumer confidence survey (CCS) showed a worsening consumer sentiment on the back of deteriorating sentiments on general economic situation, income and prices. In a press conference, Vallabh said, One of the important parts of the RBI Annual Report was the data around cases of bank frauds. The cases and amount of bank frauds have been on a rapid rise since 2014-15. In the year 2020-21 alone, the total amount of fraud was Rs 1.38 lakh crore. Although, the RBI and other agencies have tried to portray the fraud numbers for 2020-21 as declin
Read more about SBI revises downwards India s FY22 economic growth forecast to 7.9% on Business Standard. As the second wave of Covid-19 and the resultant restrictions again cripple economic activities, the State Bank of India has lowered India s growth outlook for the current financial year