Banking And Finance
Indian rupee in free fall: What the govt is doing to lure foreign capital and lift currency
India’s currency has been under pressure for quite some time, with the rupee touching record lows against the US dollar. This depreciation is caused by several factors, including economic uncertainty,…
India banks could raise $35-$40 billion via RBI’s foreign currency deposit scheme, PNB CEO Ashok Chandra says
MUMBAI: India’s expects the banking sector to raise $35 billion to $40 billion via foreign currency deposits under a scheme announced by the central bank on Friday, a top executive…
Do you have to pay tax on your NRE deposit interest? Key rules NRIs should know
NRE accounts are a type of bank account available to Non-Resident Indians (NRIs) for parking income earned outside India. Funds in a non-resident external account are maintained in Indian rupees…
Nifty Midcap150 Momentum 50: This index combines mid-cap potential with momentum factor
Mid-cap stocks are known for having a higher growth potential than large-cap stocks. On the other hand, the strategy focuses on stocks that are already showing strong price performance and…
Market
Gold, silver rates today: Comex gold, silver rebound from lows as Iran ceasefire hopes lift sentiment
Precious metals recovered much of their intraday losses as prospects of a potential Israel-Iran ceasefire improved sentiment, although prices continued to remain under pressure after strong US jobs data reinforced…
West Asia war: Trump says Iran, Israel seek immediate ceasefire. What does it mean for Indian stock market?
The is expected to rebound on Tuesday, 9 June, as tensions in the Middle East, which triggered a broad-based sell-off in Monday’s trade, eased after the Iranian military’s joint command…
Metal cos to lead Nifty earnings growth to 20% this fiscal: Jain
Prashant Jain, Founder and CIO, 3P Investment Managers expects Nifty to deliver an earnings growth of 18-20 per cent in this fiscal largely driven by the metal companies and strong…
Wall Street climbs on signs of easing tensions in Middle East, chip stocks rally
Wall Street’s key stock indices climbed on Monday, led by a recovery in chip stocks and signs of easing tensions in the Middle East. At the opening bell, the Dow…
Market
Immuneel eyes West Asia, Asia-Pacific expansion for cancer therapy after ₹100 crore funding
Cell and gene therapy platform Immuneel Therapeutics is betting that a low-cost Indian model for CAR-T cancer treatment can travel beyond its home market. The biotech firm, backed by Kiran…
Rajesh Exports’ PLI-ACC future to be decided this week
The Centre will take a call on removing Rajesh Exports Ltd from the ₹18,100 crore production-linked incentive scheme for advanced chemistry cells later this week, according to two officials close…
Eruditus bets on B2B push in US, Europe as mature markets anchor B2B growth
The Singapore-based executive education platform, Eruditus, is focusing on expanding its business-to-business vertical in the US and Europe, according to company co-founder Chaitanya Kalipatnapu. “The US and Europe are at…
Radhika Gupta flags India’s dropping fertility rate; calls childcare crucial for GDP growth — ‘Female workforce matters’
Radhika Gupta, Managing Director and CEO of Edelweiss Mutual Fund, flagged India’s declining fertility rate, which is now below the replacement rate, and posed a serious question for the Indian…
Axis
