The Indian rupee strengthened marginally versus the US dollar on Friday and closed at 83.89/$1, due to mild corporate inflows into the domestic market.
SBI's Dinesh Khara assured that the bank can sustain loan growth despite slower deposit growth by leveraging excess investments in government securities. Khara addressed concerns, labeling them a statistical myth, and highlighted that the issue was seen historically. A balance between deposit and loan growth is anticipated by June-September 2025.
Wyoming, - U.S. economic data is giving the Federal Reserve the green light to cut interest rates, financial markets are aligned for the first move, and the central bank all but gave the game away on Wednesday when a readout of its July meeting showed a "vast majority" of policymakers agreed the policy easing likely would begin next month.
AMFI CEO Venkat Chalasani clarified that gross and net SIP inflows should not be directly compared. Gross inflows represent small investments, while redemptions reflect bulk withdrawals over time. July saw a rise in SIP inflows to Rs 23,332 crore and 72.6 lakh new SIP registrations.
WHO has allowed Gavi and Unicef to procure mpox vaccines ahead of its formal approval to quickly deliver them to Africa amidst a growing outbreak. Vaccines by Bavarian Nordic and KM Biologics, already approved in the U.S. and Japan, are anticipated to receive WHO emergency approval in September to speed up distribution.
Senior BJP leader Mukhtar Abbas Naqvi urged the inclusion of Hindu stakeholders in the Joint Parliamentary Committee's discussion on the Waqf Bill. He stressed the need for addressing constitutional issues within the Waqf system and ensuring displaced Hindus from Partition are heard. The Waqf (Amendment) Bill, 2024, aims to bring comprehensive reforms and inclusivity.
Sterling hovered near a 13-month high against the dollar on Friday, trading just short of levels seen in April 2022, as traders awaited key speeches from the heads of the Federal Reserve and the Bank of England.
The Ministry of Health and Family Welfare has banned the manufacture, sale, and distribution of 156 fixed dose combinations. These include treatments for common ailments like colds and fevers. An Expert Committee and the Drugs Technical Advisory Board found no therapeutic justification for these combinations and identified potential health risks, leading to the prohibition.
The Nifty Pharma index closed 0.08 per cent down at 22527.85.
In the Nifty pack, 21 stocks closed in the green, while 29 stocks ended in the red.
Losing belly fat without exercise is achievable through dietary adjustments, lifestyle changes, and mindful practices. Here are some effective strategies:
Gold prices declined by Rs 350 to Rs 73,800 per 10 grams in the national capital on Friday, according to the All India Sarafa Association. In the previous session, gold of 99.9 per cent purity traded at Rs 74,150 per 10 grams.
Union Home Minister Amit Shah accused Congress of risking national security by teaming up with the Jammu and Kashmir National Conference. He shared a list of questions on social media, probing Congress's stance on issues such as Article 370, separatism, and reservations, and indicating that the alliance could promote divisive politics and corruption.
India's Forex reserves saw an increase of $4.54 billion to reach $674.66 billion as of August 16, according to the RBI. Foreign currency assets (FCAs) grew by $3.61 billion to $591.57 billion, while gold reserves surged by $865 million to $601.04 billion. SDRs rose by $60 million to $18.34 billion, and the Reserve position in the IMF increased by $12 million to $4.65 billion.
The iPhone contract manufacturer's Singapore-based arm Foxconn Singapore Pte has bought over 120.35 crore stocks of Foxconn Hon Hai Technology India Mega Development Pvt Ltd at Rs 10 per share on August 21.
The 30-share BSE Sensex closed up 33.02 points at 81086.21
The pesky problem of dandruff! Don't worry, We've got you covered. Here are 9 simple cures to help you get rid of dandruff:
The CBI has obtained the necessary sanction to prosecute Delhi CM Arvind Kejriwal in the Excise policy case, without any relief, and has filed a supplementary charge sheet against the AAP supremo, which will be considered by the Rouse Avenue court.
The fund will adopt a quality-focused, bottom-up investment strategy, tapping into the burgeoning consumer market.
The 30-share BSE Sensex closed up 33.02 points at 81086.21
The 30-share BSE Sensex closed up 33.02 points at 81086.21
Bangladesh's star all-rounder Shakib Al Hasan is among 147 people accused in a murder case linked to recent protests in Bangladesh. The former captain was overseas during the protests, playing in Canada and the USA. The turmoil also led to a significant reshuffle in the Bangladesh Cricket Board leadership.
ONGC, Wipro, Divis Labs, LTIMindtree and Asian Paints were among the top losers on NSE in today's trade.
