The Reserve Bank of India’s income from reserve assets surged 52% to $4.1 billion in the June quarter, driven by higher returns on bonds and deposits. However, US Federal Reserve rate cuts could affect these gains. Higher commission on dollar sales and valuation gains from gold prices contributed significantly.
SW Solar – A Turnaround Story (03-10-2024)
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SW Solar – A Turnaround Story (03-10-2024)
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Rupee suffers worst fall in two months, closing at 83.96 vs US dollar (03-10-2024)
The local unit weakened 14 paisa for the fourth consecutive day and ended at 83.96 per US dollar, versus its previous close of 83.82/$1, LSEG data showed. Likely central bank intervention kept the local currency from crossing the 84/$1 mark, traders said.
Masamitsu Yoshioka, Last Pearl Harbor Bombardier, Dies at 106 (03-10-2024)
He was 23 years old when he took part in the attack that triggered America’s declaration of war against Japan. He rarely spoke publicly about it.
Sebi raises contract size and limits options to curb retail trading risks (03-10-2024)
The Securities and Exchange Board of India (Sebi) Tuesday increased the minimum contract size in index derivatives to Rs 15 lakh from the current Rs 5 lakh, making options trading costlier. At the same time, it reduced weekly index product offerings to just one per exchange, seeking to curb frenzied speculation among retail traders.
DMart Q2 update: Standalone revenue rises 14% to Rs 14,050 crore (03-10-2024)
Avenue Supermarts (DMart) reported 14% growth in standalone revenues for Q2 FY25. Total stores increased to 377. The company aims to add 45 stores in FY25. In Q1 FY25, DMart clocked 17% growth in net profit and 19% growth in revenues.
Govt aims to provide 1 crore internship over 5 years (03-10-2024)
The government on Thursday rolled out the internship programme on a pilot basis that will provide a total annual financial assistance of Rs 66,000 to those in the age group of 21-24 years, and aim to cover one crore youth over five years.