economy

vishal panwar December 7, 2020

MUMBAI: Equity benchmark sensex jumped over 150 points and Nifty crossed the 13,300 level to touch their fresh lifetime peaks in early trade on Monday tracking gains in index majors ICICI Bank, ITC and HUL amid persistent foreign fund inflow. After touching a record intra-day high of 45,245.30, the 30-share BSE index was trading 150.78 […]

vishal panwar December 7, 2020

NEW DELHI: Of the 48 high-frequency economic indicators tracked by the Reserve Bank of India (RBI), 18 remained below pre-Covid levels, while the rest jumped above the February mark. Among the parameters being closely monitored in October, there were only two indicators — monthly equity investments by mutual funds and the monthly outstanding for certificates […]

vishal panwar December 7, 2020

MUMBAI: The Reserve Bank of India’s decision to hike the limit on contactless payments without entering a PIN to Rs 5,000 from Rs 2,000 earlier is expected to level the playing field in favour of cards. The development comes at a time when QR (quick response) code transactions are seeing runaway growth. In India, QR […]

vishal panwar December 6, 2020

NEW DELHI: Foreign direct investment (FDI) equity inflows into India crossed the $500 billion milestone during April 2000 to September 2020 period, firmly establishing the country’s credentials as a safe and key investment destination in the world. According to the data of the Department for Promotion of Industry and Internal Trade (DPIIT), the inflows during […]