Foreign exchange reserves stood at $ 676.3 billion as on April 4, 2025, up $10.9 billion from the previous week. Compared to end-March 2025, the reserves rose by $ 7.9 billion, and were higher by $ 27.7 billion on a year-on-year basis. The $10.9 weekly increase took place during the week which saw the dollar…
MUMBAI: Total assets managed by the mutual fund (MF) industry jumped 23% or Rs 12.3 lakh crore in fiscal 2025 to settle at Rs 65.7 lakh crore. Of this, about Rs 8 lakh crore came though fresh inflows, while the balance was due to mark-to-market gains, data released by industry trade body AMFI showed.At close…
Gold prices in India skyrocketed by Rs 6,250 on Friday to reach a historic high of Rs 96,450 per 10 grams in the national capital, fuelled by robust demand from local jewellers and soaring global prices driven by heightened US-China trade tensions, according to the All India Sarafa Association.Reversing a four-day decline, gold of 99.5%…
MUMBAI : Markets regulator Sebi on Friday warned people about the proliferation of securities market-related fraudulent activities using various social media platforms (SMPs). It also asked people to report such activities on its portal, at https://mi.sebi.gov.in/.With the rise in digital platform usage, fraudsters are enticing victims through trading advice disguised as educational content, Sebi said…
US stock markets opened in negative territory Thursday morning, as investors remained cautious after a week marked by sharp swings and heightened volatility. The early declines come as investors analyse economic data, rising bond yields, and global uncertainty heading into the final sessions of a particularly turbulent week.As of 11:10 a.m. ET, the Dow Jones…
Railway minister Ashwini Vaishnaw on Friday announced a “transformative project” to double the Gondia-Balharshah railway stretch in Maharashtra. The 240-kilometre line will be upgraded at an estimated cost of Rs 4,819 crore.“This project will play a pivotal role in enhancing passenger and freight connectivity between northern and southern India… Aspirational districts in the region will…
Investor wealth surged by a massive Rs 7.85 lakh crore on Friday, driven by a sharp rally in Indian stock markets after the US suspended additional tariffs on India for the next 90 days, until July 9.The 30-share BSE Sensex soared 1,310.11 points (1.77%) to close at 75,157.26, with a daily high of 75,467.33, up…
The National Stock Exchange of India (NSE) crossed a major milestone on Friday, surpassing 22 crore investor accounts. The number of accounts, measured by unique client codes (UCCs), increased by 2 crores in just 6 months pushing behind the 20-crore mark from October 2024.The number of unique registered investors, as of March 31, 2025, stood…
Delhi CM Rekha Gupta (File photo) The BJP-led Delhi government is set to unveil a new “foolproof” excise policy that will incorporate the best practices from other states to boost revenue, according to Chief Minister Rekha Gupta. In an interview with PTI, Gupta emphasized that the new policy will be transparent, carefully designed to avoid…
NEW DELHI: Indian equity markets opened on a strong note Friday, driven by improved global cues and value buying across sectors. The BSE Sensex traded at 74,951.39, up 1104.24 points or 1.5 per cent at 2.31 pm. Nifty 50 rose more than 375 points to 22,774.55 gaining 1.68 per cent.The uptick comes on the heels…
