Business

RBI says, banking sector remains resilient and stable

February 4, 2023 10:20 PM

RBI says, banking sector remains resilient and stable

The Reserve Bank of India (RBI) has said that as a regulator and supervisor, it maintains a constant vigil on the banking sector and on individual banks to maintain financial stability. The RBI statement has come amidst media reports expressing concern about the exposures of Indian banks to a busine...

Measures are in place to address excess volatility, says SEBI

February 4, 2023 7:11 PM

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Measures are in place to address excess volatility, says SEBI

Amid the ongoing Adani stock issue, the Securities and Exchange Board of India (SEBI) on Saturday said that it was committed to ensuring an orderly and efficient functioning of the market, and that surveillance measures have been put in place to address the excessive volatility in specific individua...

Major US stock indices end lower amid strong jobs data

February 4, 2023 6:47 PM

Major US stock indices end lower amid strong jobs data

The three major U.S. stock indices ended lower on Friday amid strong jobs data. The Nasdaq Composite index plunged 1.6 percent, the S&P 500 lost one percent and the Dow Jones Industrial Average declined 0.4 percent. However, the S&P 500 posted a gain for the week to close near five-m...

Investors welcomed Union Budget 2023-24

February 1, 2023 1:55 PM

Investors welcomed Union Budget 2023-24

Investors welcomed the Union Budget 2023-24 presented by the Finance Minister Nirmala Sitharaman in the parliament today.  The Sensex and the Nifty surged more than half a percent in the afternoon trade.  The index of top 30 companies at Bombay Stock Exchange, Sensex, was trading above the 60,000 ma...

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