Mumbai, Feb 10 (IANS) The Reserve Bank of India has decided to raise the aggregate ceiling for unsecured loans given by urban co-operative banks to 20 per cent of total advances, from the existing limit of 10 per cent of total assets in the revised draft norms released on Tuesday. The limits for individual unsecured advances within the aggregate ceiling of unsecured advances have been fixed at Rs 5 lakh for Tier 1, Rs 7.5 lakh for Tier 2, and Rs 10 lakh for Tier 3 and Tier 4 urban co-operative b…
Latest Consumer Durables News & Updates
New Delhi, Feb 10 (IANS) The Nifty Midcap 150, despite a one‑month decline of 3.53 per cent in January, emerged as a top gainer on annual basis, delivering one‑year returns of 8.26 per cent, a report said on Tuesday.The report from Motilal Oswal Mutual Fund said the index delivered returns of -2.52 per cent and 0.61 per cent over the last three months and six months respectively.Commodities were the only positive contributor to the Nifty 500 in January, the report further said. Among sectors…
Mumbai, Feb 3 (IANS) Indian stock markets witnessed a strong rally on Tuesday as investors cheered the finalisation of the long-awaited India–US trade deal.Both benchmark indices, the Sensex and the Nifty, posted sharp gains — reflecting positive sentiment across Dalal Street.By the end of the trading session, the Sensex jumped 2,072.67 points, or 2.54 per cent, to close at 83,739.13.Meanwhile, the Nifty climbed 639.15 points, or 2.55 per cent, to settle at 25,727.55.“The key support zone r…
Mumbai, Jan 30 (IANS) The Indian equity markets posted losses on Friday, amid profit booking due to caution ahead of the Union Budget 2026 on February 1 and weakness in metal stocks.At the closing bell, Sensex lost 269 points, or 0.36 per cent, to settle at 82,269. Nifty declined 98 points, or 0.39 per cent, to close at 25,320.The broader markets showed divergence, with the benchmark indices as Nifty Midcap 100 index lost only 0.17 per cent, while the NSE Smallcap 100 added 0.32 per cent.On the …
New Delhi, Jan 28 (IANS) India’s industrial production surged by 7.8 per cent in December 2025, reaching its highest level in over 2 years, driven by a robust across-the-board growth in the manufacturing, mining, and electricity sectors, according to figures released by the Ministry of Statistics on Wednesday.This was the second consecutive month of strong year-on-year growth in the country’s index of industrial production (IIP) as it came on the back of a 7.2 per cent acceleration in Novemb…
Mumbai, Jan 22 (IANS) Indian stock markets ended higher on Thursday, snapping a three-day losing streak, as positive global cues and easing geopolitical tensions boosted investor confidence.Market sentiment improved after US President Donald Trump said he would not impose tariffs on European Union nations on February 1.He mentioned that a ‘framework for a future deal’ had been reached with NATO on Greenland.His remarks about a ‘great’ trade deal between the US and India further encourage…
Mumbai, Jan 10 (IANS) The Nifty delivered a strong annual return of 10.51 per cent, even as broader markets remained largely flat in December, a new report said on Saturday.The data compiled by latest Global Market Snapshot report by Motilal Oswal Mutual Fund showed that while short-term market movement was mixed, select sectors such as metals and automobiles continued to outperform over longer periods.In December, the Nifty slipped marginally by 0.28 per cent. However, the benchmark index poste…
Mumbai, Jan 10 (IANS) The Indian equity benchmarks closed this week down around 2.5 per cent, continuing decline through five sessions amid persistent uncertainty over the US-India tariff talks and escalating geopolitical tensions.Profit-booking in autos, metals, and oil and gas weighed on indices during the week, while selective buying in consumer durables, on hopes of a demand revival, offered brief respite.Nifty dipped 2.45 per cent this week and 0.75 per cent on the last trading day to end a…
Mumbai, Jan 9 (IANS) The Indian equity markets slipped for the fifth consecutive session on Friday, weighed down by sustained foreign outflows and increasing uncertainties about the trade deal between India and the US and fresh tariff threats.At the closing bell, the Sensex lost 605 points, or 0.72 per cent, and settled at 83,576. The Nifty had edged down by 193.5 points, or 0.75 per cent, to close at 25,683.Investors remained cautious ahead of a US Supreme Court ruling regarding the legality of…
Mumbai, Jan 7 (IANS) The Indian benchmark indices posted mild losses early on Wednesday amid rising geopolitical tensions and fresh tariff-related concerns, tracking mixed cues from Asian markets.As of 9.30 am, Sensex slipped 156 points, or 0.18 per cent to 84,907 and Nifty eased 54 points, or 0.21 per cent to 26,124.Main broad-cap indices showed clear divergence with benchmark indices, with the Nifty Midcap 100 up 0.22 per cent, while the Nifty Smallcap 100 gained 0.25 per cent.Sectorally, Nift…