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UPI Transactions Surge to Record High: In a testament to the growing prominence of digital payments, the National Payments Corporation of India (NPCI) has revealed staggering statistics regarding Unified Payment Interface (UPI) transactions in January. The figures underscore a remarkable ascent in both transaction volume and value, reshaping the contours of India’s financial landscape..
New IMPS Rules From Feb 2024: Set to come into effect from February 1, 2024, the new IMPS rule heralds a paradigm shift in the way funds are transferred in India. Spearheaded by the National Payments Corporation of India (NPCI), this transformative initiative aims to simplify and streamline the fund transfer process, making it more accessible and user-friendly for millions of customers across the country..
Analyzing the Interim Budget 2024: The Interim Budget 2024, delivered by Finance Minister Nirmala Sitharaman, serves as a critical roadmap for India’s economic trajectory in the upcoming fiscal year. This article provides an in-depth exploration of the six key takeaways from the budget documents, offering insights into the government’s fiscal policies, economic indicators, and developmental priorities.
Paytm Payment Bank RBI Ban: The RBI’s decision to impose restrictions on Paytm Payments Bank stems from concerns regarding persistent non-compliances and supervisory issues highlighted in a Comprehensive System Audit report and subsequent compliance validation..
HDFC Bank Stock Price In 2024: HDFC Bank Ltd finds itself caught in a selling spree, attributing the decline in its stock to the Securities and Exchange Board of India’s (SEBI) new disclosure norms for Foreign Portfolio Investors (FPIs). In addition, the bank remains steadfast in its merger with HDFC Ltd, expressing pride in the amalgamation despite recent challenges..
Upcoming IPO In January 2024: After an eventful week featuring seven Initial Public Offerings (IPOs), India’s primary markets are gearing up for another busy week with six new IPOs, including one mainboard IPO and five Small-Medium Enterprises (SME) offerings..
NPS New Partial Withdrawal Rules 2024: The Pension Fund Regulatory and Development Authority (PFRDA) has recently issued a master circular, effective from February 1, 2024, outlining guidelines for the partial withdrawal of funds invested in the National Pension System (NPS). The revised regulations emphasize specific purposes for which partial withdrawals are permissible, bringing clarity and aligning policies with evolving needs..
Will Petrol And Diesel Price Decrease In India: State-run oil companies in India are contemplating a reduction in petrol and diesel prices next month, following the release of their third-quarter results. Industry insiders reveal that the combined net profits of these oil marketing companies (OMCs) are expected to surpass a record ₹75,000 crore, despite the softening of crude oil acquisition costs..
Stock Market Crash Today Jan 17: In a tumultuous day for the Indian stock market, the Sensex witnessed a sharp decline, plunging 1,401.71 points or 1.92% to 71,727.06, while the Nifty slipped 394.45 points or 1.79% to 21,637.85 as of 1 pm. This sell-off was part of a broader global trend, with equities in Asia trading mixed and US stocks experiencing a downturn, fueled by a variety of factors..
Sensex Surges Past 73000 Mark: In a remarkable surge, the Indian stock market witnessed a historic milestone on Monday as the benchmark Sensex crossed the 73,000 mark for the first time. The National Stock Exchange (NSE) also saw the Nifty closing at a record high, with both indices propelled by robust gains in the information technology (IT) sector. This rally was fueled by encouraging third-quarter results from key IT companies..