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Cryptocurrencies are a clear danger: RBI Governor Shaktikanta Das
Fri, Jul 01, 2022     Source : Mint
Cryptocurrencies are clear danger, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday, adding anything that derives value based on make believe, without any underlying, is just speculati...
NEWS
FPI equity AUM hit a record low of $531 billion in June
Fri, Jul 01, 2022     Source : Economic Times
ET Intelligence group: The equity assets under management (AUM) of foreign portfolio investors (FPIs) dropped to an 18-month low of $531 billion in the first fortnight of June, according to data from NSDL....
NEWS
D-St bulls stuck in a rut! Here's what it will take to pull them out of slumber
Fri, Jul 01, 2022     Source : Economic Times
The year 2022 is proving to be a painful one for Dalal Street. After two years of back-to-back rally, Nifty bulls have taken a back seat as a confluence of factors like inflation concerns, FII outflows, ce...
NEWS
Most asset classes bled in the first 6 months of CY22, shows data
Fri, Jul 01, 2022     Source : Business Standard
Domestic large-caps performed well when compared with global peers, with the Sensex dropping 9 per cent in the first six months of CY22 against a 20 per cent fall in the MSCI World index
NEWS
At Axis Mutual Fund, a growing portfolio of problems
Fri, Jul 01, 2022     Source : Mint
Manish Balani, a Jaipur-based executive, invested in an Axis Mutual Fund scheme for the first time in 2017. While Balani is happy that his pick—Axis Flexicap Fund—has performed strongly over the years, he ...
NEWS
Rupee better placed than many other global currencies: Finance minister Nirmala Sitharaman
Fri, Jul 01, 2022     Source : Financial Express
The RBI has been intervening in the market since the outbreak of the Ukraine war in late February to prevent a sharp depreciation of the rupee.
NEWS
Govt’s total liabilities rise 3.7% sequentially in March quarter
Fri, Jul 01, 2022     Source : Financial Express
The report added the weighted average yield on primary issuances of dated securities showed an increase to 6.66% in the fourth quarter of last year from 6.33% in the third quarter.
NEWS
Index of eight core industries touch 13-month high in May
Fri, Jul 01, 2022     Source : Mint
Growth in the eight infrastructure sectors of the economy touched a 13-month high in May after recovering to an eight-month high in the previous month on the back of robust growth in almost all key sectors...
NEWS
Russia may be India's biggest crude supplier in June, a historic first
Fri, Jul 01, 2022     Source : Business Standard
Russian oil is on pace to account for 21 per cent of all imports into India, shrinking the shares of Iraqi and US crude
NEWS
GST: What lies ahead for India's most ambitious indirect tax reform?
Fri, Jul 01, 2022     Source : Business Standard
The continuation of a business-as-usual approach can undermine the GST's ability to either raise revenues for the government or improve the ease of doing business
NEWS
McDonald's India launches first all-women drive-thru restaurant
Fri, Jul 01, 2022     Source : Business Standard
This new restaurant, operated by Westlife Development, McDonald's India's franchise partner, is located in the vicinity of the Statue of Unity
NEWS
RBI: Financial system must be guarded against fintech risks
Fri, Jul 01, 2022     Source : Economic Times
The Reserve Bank of India (RBI) Thursday said the broader financial system must be shielded from the fintech industry's potential to cause instability while acknowledging the sector's role in democratising...
NEWS
Carnival Cinemas now an NPA, YES Bank to recast Rs 800 crore loan
Fri, Jul 01, 2022     Source : Economic Times
Srikant Bhasi-promoted multiplex chain Carnival Cinemas has been classified as a non-performing asset (NPA) by its sole lender YES Bank and the group is now seeking to restructure the debt, which now stand...
NEWS
Wall St: Dow sheds over 500 pts, S&P 500 set for worst first-half since 1970
Fri, Jul 01, 2022     Source : Mint
U.S. stocks tumbled on Thursday, setting the S&P 500 for its worst first six months since 1970, on concerns that central banks determined to tame inflation will hamper global economic growth.
NEWS
Gross NPAs of banks fall to six-year low of 5.9% in March
Fri, Jul 01, 2022     Source : Business Line
Says banking system can absorb any shock; credit growing in double digits
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