New Delhi, July 15 (IANS) India’s equity market benchmark Nifty is likely to touch 27,019 in one year up from earlier expectation of 26,449, due to improved macroeconomic conditions and valuations, a report said on Wednesday.The report from PL Capital said India’s structural growth story remains firmly intact, but the domestic economy continues to face near-term risks from geopolitical uncertainty, weather-related disruptions and inflationary pressures.Despite these challenges, improving domesti…
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New Delhi, July 8 (IANS) Shares of private lender South Indian Bank tumbled nearly 10 per cent on Wednesday after the lender announced that it had received the Reserve Bank of India’s (RBI) approval for the appointment of Mahesh Muralidhar Pai as its Managing Director and Chief Executive Officer (MD & CEO).The private banking stock declined as much as 9.86 per cent to Rs 43.02 on the BSE. At around 12:05 pm, it was trading at Rs 44.23, down more than 7 per cent.In a regulatory filing, the pr…
Mumbai, July 1 (IANS) Indian equity benchmark indices ended higher on Wednesday, supported by strong buying in FMCG, banking, financial and realty stocks.The Nifty climbed 140.10 points, or 0.59 per cent, to close at 24,005.85, while the Sensex advanced 443.97 points, or 0.58 per cent, to settle at 76,922.64.Commenting on Nifty technical outlook, experts said that the 24,100–24,200 region, which coincides with the 100-day Exponential Moving Average (EMA), continues to act as the immediate resi…
Gandhinagar, June 29 (IANS) The ULLAS Navbharat literacy program, a one-of-a-kind initiative under the National Education Policy (NEP), is playing a vital role in empowering rural youth and women by providing elementary education and equipping them with basic functional literacy skills, including reading, writing, and numeracy. The initiative has yielded excellent results in Gujarat’s Mahisagar district, where the youth from marginalized and deprived sections have now learnt to read and write. T…
Bengaluru, June 9 (IANS) India is projected to see average salary increments of 8.6 per cent to 10.2 per cent in FY27, underpinned by sustained demand for skilled and execution-focused talent, a report showed on Tuesday.TeamLease Services’ latest report highlights a stable yet differentiated salary outlook across industries this fiscal. High-growth industries are expected to register salary increments in the range of 9.6 per cent to 10.2 per cent, led by EV and EV Infrastructure, FinTech, Heal…
New Delhi, June 3 (IANS) Over the past 12 years, the Government has steadily empowered India’s middle class through wide-ranging reforms. A sharp reduction in taxation, improved banking access, wider insurance coverage, and expanded pensions have reduced financial stress. Subsidised loan rates and digital reforms have also made savings, borrowing, and financial planning more accessible and convenient. The government’s tax reforms have significantly eased the financial burden on the middle cl…
New Delhi, June 2 (IANS) After more than a decade of preparation, India is finally set to launch the Producer Price Indices (PPI) — marking a major shift in the country’s inflation measurement framework. The new PPI series will be unveiled on June 15 alongside the revised Wholesale Price Index (WPI) with a new base year of 2022-23. For many people, the introduction of PPI may sound technical, but the concept is fairly simple.The new framework is aimed at measuring inflation more accurately fr…
New Delhi, June 2 (IANS) The Government on Tuesday announced that it has approved the revision of the Base Year of Wholesale Price Index (WPI) from 2011-12 to 2022-23 and compilation of Producer Price Indices (PPIs).Accordingly the revised series of WPI inflation with base year 2022-23 will be released on June 15, which would replace the existing series of WPI with base year 2011-12, according to a statement issued by the Ministry of Commerce and Industry.In addition, the new series of Output Pr…
New Delhi, June 2 (IANS) White-collar hiring remained stable in May 2026 in India, as the insurance sector continued to lead with a over 19 per cent year-on-year (YoY) growth followed by BPO/ITES at over 9 per cent, a report said on Tuesday.The report from jobs portal Naukri said that healthcare at over 6 per cent and hospitality at over 5 per cent were other top growing sectors. Its Naukri JobSpeak Index touched 2836 in May 2026, marginally higher than the 2807 mark recorded in the same month l…
Gandhinagar, May 22 (IANS) Union Finance Minister Nirmala Sitharaman on Friday said India offers a unique blend of scale, technology, talent and growth opportunities through GIFT City, as she chaired a high-level review meeting on the progress of the country’s flagship international financial hub.During the meeting, presentations were made on the progress achieved by GIFT City across sectors including banking, capital markets, fund management, insurance and reinsurance, aircraft and ship leasi…