Category: market

Industry experts said the upward trend will be there for some more months and the markets may turn nervous during the next round of state elections in November/December 2023.

With a value of Rs 16.3 lakh crore, Reliance Industries is India's most valuable company, followed by Tata Consultancy Services (TCS) with Rs 11.8 lakh crore and HDFC Bank with Rs 9.4 lakh crore.

However, the sale of rice under the OMSS will be continued for northeastern states, hilly states and states facing law and order situations, natural calamities at an existing rate of Rs 3,400 per quintal, it said.

According to data released by the Ministry of Statistics and Programme Implementation, retail inflation was at a high of 7.04 per cent in May 2022, while food inflation was 7.97 per cent during the period.

Not belying the expectations, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent while projecting gross domestic product (GDP) and inflation at 6.5 per cent and 5.1 per cent respectively.

The pass percentage of Madhyamik is 86.02% and for Higher secondary is 83.02% this year. Previous year the pass percentage for Madhyamik examination was 84 percent and for higher secondary examination was 94 percent.

On Monday, the Union Education Ministry announced NIRF India Rankings 2023 for colleges and other higher educational institutions. Delhi University's Hindu College is second in the list of colleges.

India's gross domestic product (GDP) growth for FY23 is estimated at 7.2 per cent, said the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation on Wednesday.

"Inflation risks have moderated with downward corrections in global commodity and food prices and easing of the pass-through from high input cost pressures of last year," it added while commenting on price rise.

The decision of the Reserve Bank of India (RBI) to withdraw Rs 2,000 denomination banknotes from circulation will not have any major impact on gold demand and also on the rupee value, experts said on Saturday.

Factors like increase in counterfeiting of Rs 2,000 denomination banknotes, people preferring lower denomination notes may also be the reasons for the Reserve Bank of India (RBI) announcing the gradual withdrawal of that note.

According to the authorities, the 10 students have been rusticated for two months and were also debarred from attending classes till an inquiry report is received. The inquiry report ordered by the college has to be submitted within a week.

The European Union (EU) should crack down on India reselling Russian oil as refined fuels including diesel into Europe, the blocs chief diplomat has said, as western nations move to tighten sanctions on Moscows energy sector, the media reported.

West Bengal government's fresh notification rejigging the search committees meant for appointment of Vice-Chancellors in state universities has left the academic circles in the state fuming.

Consumer affairs ministry sources said that there is a lot of confusion over the fact that compulsory hallmarking is going to come into effect from July 1 onwards on gold bullion, which is not the case.

The hiking of rates by the US Fed has put pressure on the dollar and indications of pausing and a likely mild recession in the later part of 2023 have provided support to gold prices, Shah added.

India's wholesale price index (WPI)-based inflation fell to a 29-month low of 1.34 per cent in March owing to a steep fall in indexes of primary articles, manufactured products, fuel and power as well as food.

India's retail inflation, which is measured by consumer price index (CPI), fell to 5.66 per cent in March from 6.44 per cent in February, according to official data released on Wednesday.

According to a recent notice issued by the UGC, the 'Open International University for Alternative Medicines' and the 'National Board of Alternative Medicines' are running courses in violation of the UGC Act 1956.

Oil prices have surged after several of the world's largest oil exporters announced surprise cuts in production. The price of Brent crude oil was trading above $84 a barrel in Asia after jumping by more than $4, or 5 per cent, the BBC reported.

According to the findings by a working group constituted by the Reserve Bank of India (RBI), between 2017 and 2020, the quantum of loans disbursed, rose from Rs 11,671 crore to Rs 1,41,821 crore, i.e. a 12-fold rise.

The affidavit said the theory examination could be conducted centrally and physically, on the pattern of Indian MBBS examination and practical could be conducted by some designated government medical colleges.

"We expect gold to gain further and touch new highs in the next few months. Domestically, it is expected to trade in the range of Rs 61,000-62,000/10gm. Internationally, it may scale levels of $2,050-2100/oz," he added.

Wall Street stocks have fallen, dragged down by banks. The S&P 500 financial sector index has lost 2.2 per cent while the KBW regional banking index has tumbled 3.8 per cent, the media reported.

The NEET PG exam was held on March 5 for admission to MD/MS/DNB/Diploma courses of the 2023-24 admission session. Around 2.9 lakh students registered to appear for the NEET PG examination this year.