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Stocks listed on the Bombay Stock Exchange (BSE) reached 333 lakh crore, with a market capitalization of US$ 4 trillion. This is 333 Lakh Crores in Indian Rupees. Mumbai BSE (INDIA) What is the market capitalization of the BSE in 2023 Earlier, the BSE Sensex gained 305.44 points to close at 66,479.64 in early morning trading hours. It is noteworthy that the Sensex index reached a maximum of 67,927.23 points on September 15. This feat is happening for the first time in the history of Mumbai Stock Exchange. On November 29, 2023, the market capitalization of shares listed on the Mumbai Stock Exchange reached USD 4 trillion. Subsequently, India's Mumbai Stock Exchange has reached a marke t value of 4 trillion dollars, next to the US, China, Japan and Hong Kong stock markets. Passed through. 1 trillion on 28 ...

India's exports of engineering products to 18 major countries, including the United States, Britain, Germany and the United Arab Emirates, increased last October, according to the 24 Indian Engineering Export Promotion Council. engineering products. In this regard, the Council has further informed that, In the month of October this year, India's exports of engineering products from India rose by 7.20 percent over the previous year to Rs 67,147 crore. is increasing. Low exports, In October, despite growth in engineering goods exports, exports for the April-October period declined by 1.61 percent compared to the same period last year. Rs.  5.11 lakh crore. Metallurgy, especially iron, steel, aluminum and its products; The main reasons for the decline in exports were zinc secto...

The Adani Group's market capitalization has risen by Rs. 11 lakh crore on a single day, indicating a strong performance for the conglomerate. This significant increase in market value reflects the group's robust financial performance, its expansion into new sectors, and investor confidence in its future growth prospects.  Adani Group stocks. Adani Group shares surge overnight Shares of Adani Group's 10 listed companies also rose yesterday. Due to this, the market value of Adani Group has increased by one lakh crore rupees in a single day. Last January, Hindenburg, a company based in the United States, had published a report alleging various allegations against the Adani Group. Following this, various petitions were filed in the Supreme Court seeking an inquiry into the nature of the Hindenburg Report. Subsequently, the Supreme Court ordered the market regulator SEBI to investigate the matter and submit a report. After perusing the memorandum filed by SEBI las...

After a day off, the stock market ended on a positive note after a cautious start on Tuesday. Following this, the Mumbai stock market index Sensex rose 204 points to stabilize. Stock market news  What is happening in the stock market today Global market cues were weak. The domestic market started cautiously due to this impact. But as time went on, support for buying leading stocks came. Auto, power companies, metal, public sector banks and realty stocks were particularly well supported during the afternoon trade. However, shares of Pharma, HealthCo and FMCG faced selling. Also, foreign institutional investors' focus on repurchasing stocks helped the market rally, stock brokerages said. Market value volatility: Meanwhile, the market capitalization value ...

Under the Job Creation Scheme for unemployed youth, the loan ceiling for starting a business has been increased from Rs 5 lakh to Rs 15 lakh. Business loan Loan assistance with government subsidy for small, micro, business in Tamil Nadu? In this regard, the Department of Small, Small and Medium Enterprises has directed the authorities to create awareness and take steps to provide more credit. The Tamil Nadu Government's Commerce and Industry Commission is implementing an employment generation program for unemployed youth. Under this scheme, educated unemployed youth are assisted through financial institutions to get loans up to 15 lakh rupees with subsidy to start a new manufacturing business. Business oriented businesses like textile shop, supermarket, etc., are ...

One important thing that policyholders need to know is that from maintaining documents to maintaining claims, this record plays a vital role in ensuring financial security.    Medical insurance  Why health insurance claims are rejected While having medical insurance can help you meet medical expenses, there is a chance that an insurance claim may be rejected for various reasons. A recent report released by online insurance service Policipasaar has revealed important information regarding rejection of medical insurance claims. These data also indicate the need for beneficiaries to have greater understanding of medical policies. There are several reasons why medical insurance claims may be rejected. Some of the most common reasons include, Incomplete or inaccurate information, This can include errors in the policyholder's information, such as their name, address, or date of birth. It can also include...

Mutual fund investment has increased in recent times, leaving deposit funds behind. mutual fund investment has picked up in recent years, leaving deposit funds behind. This is due to a number of factors, including,   mutual fund investment What are the recent developments of mutual funds? Rising interest rates, Interest rates have been rising in recent years, making deposit funds less attractive to investors. Higher returns, Mutual funds have the potential to generate higher returns than deposit funds, as they invest in a wider range of assets. Increased awareness, Investors are becoming more aware of mutual funds and the potential benefits they offer. As a result of these factors, mutual fund investment has grown steadily in recent years. In 2022, mutual fund investmen...

You can't go without hearing and tasting the fruity drink. And we must taste it at least once or twice in the summer every year. Similarly, we also have apple flavored drink called apple fizz. All these drinks are manufactured by a company called Parle Agro. Nadia Chauhan. What is the turnover of Frooti Many years ago, the business of this company was running at the level of Rs.300 crores. But today the business value of this company is Rs.8,500 crore. It was Nadia Chauhan who took Parle to this level. He is also a partner of the Chennai Super Kings team since 2018. Frooti  Now let's see how he emerged as an achiever in the industry at such a young age. Parle Agro India Limited was founded1985 by Prakash Chauhan. He was the one who introduced the fruity drink. As the daughter of this Prakash Chauhan, Nadia Chauh...

The RBI said that the fines were imposed to "deter recurrence of such non-compliance in future and to uphold the standards of conduct expected from banks." RBI penalty Which bank imposed penalty on RBI The Reserve Bank of India (RBI) has fined Citibank ₹5 crore, Bank of Baroda ₹4.34 crore, and Indian Overseas Bank ₹1 crore for breach of code of conduct. The fines were imposed on November 24, 2023. Citibank was fined for non-compliance with norms related to the depositor education and awareness fund scheme, and code of conduct on outsourcing of financial services. Bank of Baroda was fined for violation of certain directions related to the creation of a central repository of large common exposures. Indian Overseas Bank was fined for contravention of directions concerning loans and ...

Sangkshi Enterprise Group , a Chinese conglomerate, has filed for bankruptcy with debts of Rs 5.31 lakh crore. The company is one of China's largest private conglomerates, with interests in a wide range of industries, including real estate, mining, and finance. china Which Chinese companies gone bankrupt The bankruptcy is the latest in a series of high-profile corporate failures in China, and it is likely to have a significant impact on the country's economy.   The group's foundation, 'Chang Rong International Trust', was founded in 2022. As of closing, it was managing funds worth nearly Rs 7.22 lakh crore. In this case, it said that it has failed to pay its dues to its corporate investors for the month of August. Currently in this state. The group has told investors that it is insolvent with a debt of Rs 5.33 lakh crore. The bankruptcy of Sangshi Enterprise Group is a major setback for the Chinese government, which has been trying to promote economic growth an...

Hybrid mutual funds have been gaining popularity among investors in India, with the category attracting over Rs 72,000 crore in the past seven months.   Hybrid fund Is it good to invest in hybrid funds This is due in part to a change in taxation for debt funds that kicked off in April 2023. Hybrid funds are mutual fund schemes that typically invest in a combination of equity and debt securities. This makes them a good option for investors who are looking for a balance of risk and return. Hence, High Brit mutual fund schemes are becoming popular among investors. Investments of Rs 72,000 crore have been received under these types of schemes in the last seven months. This huge inflow is said to be following a change in taxation on debt ...

IDBI Bank, The central government has abolished the auction process of appointing a valuer for sale of shares. IDBI Bank IDBI Bank disinvestment latest News The central government and LIC own 95 percent of the shares of IDBI Bank, which is headquartered in Mumbai. In this case, LIC holds 30.48 percent shares of the government. It has also been decided to sell 30.24 percent shares.   IDBI Bank is a development finance institution under the ownership of Life Insurance Corporation of India and Government of India. It offers a wide range of products and services, such as savings and current accounts, loans, mobile banking, bill payment, etc. The central government has decided to sell its 45.48% stake in IDBI Bank to a stra...

289 co-operative societies, including tea and coir, are functioning under the Industrial and Commercial Commissioner under the Small, Small and Medium Enterprises Department of the Tamil Nadu Government. Thaigo bank Full details on Thaigo Bank Loan Scheme for Small Enterprises in Tamil Nadu Tamil Nadu Industrial Co-operative Bank provides loans to these societies for starting new business and working capital expenses. Thaico Bank offers a Rs 40 lakh loan scheme for small enterprises to help them meet their working capital needs and expand their businesses. The scheme is designed to provide affordable financing to small businesses that are struggling to access traditional bank loans.   It currently provides loans to individuals, MSMEs and government employees. It has a special focus on lending to small, micro and medium enterprises. In this regard, an official...

A member of the Prime Minister's Economic Advisory Council has said that if the habit of importing gold is not too high, India will be able to achieve the target of Prime Minister Modi's 'Five Trillion Dollar Domestic Product' before long.   Nilesh Shah,Prime Minister's Economic Advisory.   5 trillion, the economy would have reached 5 trillion if gold import was avoided Nilesh Shah, a part-time member of the Prime Minister's Economic Advisory Council and a senior leader in the mutual fund sector, added, In the last 21 years, Indians have spent nearly Rs 41.50 lakh crore on gold imports alone. Loss, if we had avoided this one habit, our prime minister's target of USD 5 trillion GDP i.e. 41.50 lakh crore rupees could have been achieved long ago. In financial investments, we have lost ...

Private banks bought government bonds to the tune of Rs.8.343 crore in a single day. This was the largest single-session purchase of government bonds by private banks in seven years. government bond Why do banks buy government bonds The purchase was made on October 21, 2023, and was seen as a sign of confidence in the Indian economy. Private banks are typically more risk-averse than public sector banks, and their willingness to invest in government bonds suggests that they believe that the Indian economy is on a strong footing. According to Clearing Corp of India data, this is the largest purchase since November 15, 2016. It is noteworthy that the net sales, which were Rs 10,100 crore last Octo...

IPO  It has decided to raise funds of Rs.7300 crore through share issue, let's see who those companies are, Five companies are set to raise over Rs 7,300 crore through initial public offerings (IPOs) this week alone. The companies are,   IPO What is a fresh issue of shares by a listed company called? Tata Technologies, The engineering design and technology company is aiming to raise Rs 3,042 crore through its IPO. The price band for the issue has been set at Rs 475-500 per share. Indian Renewable Energy Development Agency (IREDA), The renewable energy financing agency is aiming to raise Rs 2,150 crore through its IPO. The price band for the issue has been set at Rs 30-32 per share. Fedbank Financial Services, The non-banking financial company is aiming to rais...

India's GDP crossed the $4 trillion mark for the first time in nominal terms in 2023, according to estimates by the International Monetary Fund (IMF). This achievement is a significant milestone for India, as it makes it the world's fourth-largest economy by GDP, behind only the United States, China, and Japan. GDP growth India, 4 trillion in current production, India's target is 5 trillion The Indian economy has grown steadily in recent years, driven by factors such as a large and growing population, a vibrant middle class, and a strong commitment to economic reforms. The government has also implemented a number of initiatives to boost economic growth, such as the Make in India program and the Goods and Services Tax (GST). India's economic growth is expected to continue in the coming years, and it is possible that it could become the world's third-largest economy by GDP within the next decade. This growth will be driven by factors such as a young and...

The number of shares invested by mutual fund companies has increased beyond 1000. As of June 30, 2023, mutual funds held a total of 1,023.79 crore shares of equity and equity-related instruments in India, according to the Association of Mutual Funds in India (AMFI). This represents a 10.3% increase from the previous quarter. stock's market news What is the percentage of mutual fund investors in India The survey revealed that the number of stocks invested by mutual fund companies has increased and this number is close to 1,000. Mutual fund companies invest in equity and other financial instruments through various types of funds. It has been found that the number of shares invested by mutual fund companies has increased. With the asset value under management of mutual fund companies bei...

The Reserve Bank has set a price of Rs 6,076 per unit for early redemption of central government gold bonds maturing on November 20. Gold Bond  Now if early redemption of gold bond will give good profit Now whether early redemption of gold bond will give good profit, yes RBI has now issued a notification according to which Also, this price has been fixed with the average price of gold on November 15, 16, 17. The central government announced the Gold Savings Bond Scheme in November 2015 as part of a move to reduce gold imports. In this, gold can be stored in document form. One gram of gold is given as one unit. Investors who wish to redeem their gold bonds early can do so by submitting a redemption request to their issuing bank or branch. The redemption proceeds will be credited to the investor's account within two working days. The RBI has also announced that the redemption price for central government gold bonds maturing on the 20th of November 2023 will be Rs 5,847...

Reserve Bank of India's (RBI) recent tightening of norms for personal loans and consumer loans is likely to increase interest rates for these types of loans.  RBI action, interest rate increasing. Is there any chance of increasing interest rate? This is because the RBI has increased the risk weights for these loans, which means that banks will have to set aside more capital to cover them. This will make it more expensive for banks to offer these loans, and they will likely pass this cost on to borrowers in the form of higher interest rates. The RBI's decision to tighten norms was driven by concerns about the rapid growth of unsecured consumer loans, which have been growing at a much faster pace than other types of loans. The RBI is worried that this rapid growth could lead to a...

The Reserve Bank of India (RBI) has tightened personal loan norms on November 16, 2023.  Unsecure loan  What is the new rule of RBI about loans The central bank increased risk weights for personal loans by 25 percentage points to 125%. This means that banks now have to allocate more capital to personal loans, which may cost borrowers more. The Reserve Bank said the decision to tighten personal loan norms has been taken in view of the "higher growth in consumer credit and increasing dependence of NBFCs on bank loans". The central bank also said it was concerned about "risks associated with the rapid growth of unsecured personal loans". The new norms will not apply to home loans, education loans, car loans or loans secured against gold and gold jewellery. Due to the imposition of higher risk weightage, which means that banks' lending capacity is restricted in that segment, the risk weightage on loans to banks and non-banking financial institutions has been incr...

Tata Technologies, the IPO will open on November 22 and close on November 24, and the allotment basis will be finalized on November 30. Let's take a look at what was announced. Tata Technologies ipo announced  What is the shareholder quota for Tata Technologies IPO Tata Technologies is a leading global engineering services company that provides product development and digital solutions to various industries. Tata Technology, a part of the Tata Group, will launch its initial public offering (IPO) on November 22. The company has fixed the share issue price on the day of the IPO at Rs 475 to Rs 500 for each equity share of Rs 2 face value.  The Tata Technologies IPO subscription date will begin on Wednesday, November 22 and end on November 24. The allotment to investors for Tata Technologies IPO is scheduled to take place on Tuesday, November 21. Tentatively, the allotment of shares based on Tata Technologies IPO will end on Thursday, November 30 and the company will start the r...