A Parliamentary panel has recommended an urgent and comprehensive review of the Rs 1,000 minimum monthly pension under the Employees’ Pension Scheme, 1995, saying the amount is no longer sufficient to meet the basic needs of beneficiaries amid rising living costs, reported PTI.The recommendation assumes significance as pensioners have been demanding that the minimum pension…
Benchmark stock indices Sensex and Nifty extended gains for the second straight session on Tuesday, ending higher by nearly 1 per cent amid buying in metal and automobile shares and firm global cues.The 30-share BSE Sensex rose 567.99 points, or 0.75 per cent, to close at 76,070.84. During the session, the index had climbed as…
Stock market today (AI image) Indian markets recovered on Monday, but analysts cautioned that volatility may persist as investors remain wary of geopolitical tensions in West Asia and fluctuations in global energy prices. The ongoing conflict continues to weigh on sentiment and keep overall risk appetite restrained.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited…
Wholesale price inflation accelerated to 2.13 per cent in February–the highest level in 11 months–as firming prices of food and non-food articles kept cost pressures elevated despite some easing in vegetable inflation, official data released on Monday showed.The WPI-based inflation rate has now risen for the fourth consecutive month. It stood at 1.81 per cent…
India’s exports to the US declined 12.88 per cent year-on-year to $6.88 billion in February, weighed down by high tariffs, while the country’s trade deficit with China widened past $100 billion during the April-February period of the current fiscal, according to commerce ministry data released on Monday.Exports had contracted in September, October, December and January,…
Mumbai: Walmart-backed PhonePe has paused its IPO amid volatility in the markets which have fallen by about 7% since the start of the West Asia conflict. In a statement on Monday, the fintech firm said that it will resume the listing process once there is some stability in global capital markets. “We sincerely hope for…
The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified changes in the foreign direct investment (FDI) policy to permit overseas companies with Chinese shareholding of up to 10 per cent to invest in India through the automatic route, subject to sectoral limits and conditions, PTI reported.However, the relaxation will not apply…
Benchmark equity indices rebounded strongly on Monday, rising over 1 per cent each after three consecutive sessions of steep losses, as investors returned to blue-chip banking and domestic-focused stocks amid bargain buying.The 30-share BSE Sensex surged 938.93 points, or 1.26 per cent, to close at 75,502.85. During the session, it touched an intra-day high of…
Vedanta Ltd on Monday said its committee of directors has approved raising up to Rs 2,575 crore through the issuance of non-convertible debentures (NCDs), as the company looks to diversify funding sources and strengthen its balance sheet.According to a filing with the BSE, the panel has cleared the allotment of 2,57,500 unsecured, redeemable, rated and…
Gold started the week on a shaky note, slipping Rs 2,225 to hit Rs 1.56 lakh per 10 grams in Monday’s futures trade, dragged down by a firm US dollar and weak overseas markets. On the Multi Commodity Exchange, April gold contracts fell 1.4% to Rs 1,56,241 on a turnover of 7,881 lots. “Rising energy…