Markets closed lower for the fourth consecutive session on Monday, as a brief morning rally evaporated under the weight of renewed West Asia hostilities, surging and persistent foreign selling —…
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GenXAI Analytics to raise ₹55 cr via IPO on NSE Emerge
GenXAI Analytics, a technology driven enterprise performance and analytics solutions provider, plans to raise ₹55 crore through initial public offering on NSE Emerge platform. The company will issue 47.28 lakh…
Maruti Suzuki says CNG bookings rise 40% after fuel price hikes
India’s top carmaker Maruti Suzuki said on Monday that bookings for its vehicles that run on compressed natural gas have risen about 40% since the country raised fuel prices. State-owned…
Industrial output grows 4.9% in April as India shifts to new IIP series with 2022-23 base
India’s industrial output, as measured by the Index of Industrial Production (IIP), 4.9% year-on-year in April, according to data released by the statistics ministry on Monday. The release marks the…
Banks sanction Rs 35,000 cr loans under ECLGS to MSMEs to deal with West Asia crisis
New Delhi: Banks have sanctioned Rs 35,000 crore loans under the () to and industries impacted by the West Asia conflict. The scheme, approved by the Union Cabinet on May…
UPI security, LPG price revision, PAN rules: Key financial changes effective from June 1
As June begins, several financial and regulatory changes are set to come into effect that could impact millions of consumers across the country. Some major changes include updates to UPI…
UPI sets new record: Transactions reach ₹29.9 lakh crore in May
Transactions through the Unified Payments Interface (UPI) touched a an all-time high in May, with the total value of transactions surging to ₹29.90 lakh crore and volumes reaching 23.2 billion,…
8th Pay Commission fitment factor: Will it be 2.57, 2.86 or 4.0? Here’s what experts say
The fitment factor used during the 7th Pay Commission was set at 2.57 in 2016. Whereas for the 6th Pay Commission, this metric was 1.86, which was about 20 years…
5 diversified equity funds that have delivered the highest alpha
For investors seeking returns that consistently beat benchmark indices, alpha is one of the most important measures of a fund’s performance. It reflects a fund manager’s ability to generate excess…
Can you withhold payment for a flat because the washroom location does not comply with Vastu? MahaRERA says no
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has ruled that a homebuyer’s objection to the placement of a lavatory in the north-east corner of a flat, allegedly contrary to Vastu…