Gaurav Bansal

[ad_1] Foreign exchange reserves stood at $ 676.3 billion as on April 4, 2025, up $10.9 billion from the previous week. Compared to end-March 2025, the reserves rose by $ 7.9 billion, and were higher by $ 27.7 billion on a year-on-year basis. The $10.9 weekly increase took place during the week which saw the dollar fall globally in the wake of currency market reactions to the tariff war unleashed by President Donald Trump. Besides the purchase of dollars by RBI, forex reserves also rose due to valuation gains of non-dollar assets held by the RBI. Foreign currency assets, the largest component, were at $ 574.09 billion. TNN [ad_2] Source link

[ad_1] Investor wealth surged by a massive Rs 7.85 lakh crore on Friday, driven by a sharp rally in Indian stock markets after the US suspended additional tariffs on India for the next 90 days, until July 9.The 30-share BSE Sensex soared 1,310.11 points (1.77%) to close at 75,157.26, with a daily high of 75,467.33, up by 1,620.18 points (2.19%). This rally boosted the market capitalisation of BSE-listed firms to Rs 4,01,67,468.51 crore (around USD 4.66 trillion).Among the top gainers were Tata Steel, Power Grid, NTPC, Kotak Mahindra Bank, Reliance Industries, and Adani Ports, while Asian Paints and Tata Consultancy Services lagged behind.The NSE Nifty also surged, gaining 429.40 points (1.92%) to settle at 22,828.55.Sectoral gainsBroad-based optimism swept through the market, with all sectors closing higher. The commodities sector saw the biggest jump, up by 3.40%, followed by consumer durables […]

[ad_1] MUMBAI : Markets regulator Sebi on Friday warned people about the proliferation of securities market-related fraudulent activities using various social media platforms (SMPs). It also asked people to report such activities on its portal, at https://mi.sebi.gov.in/.With the rise in digital platform usage, fraudsters are enticing victims through trading advice disguised as educational content, Sebi said in a release. They utilise deceptive testimonials and offer unrealistic assurances of guaranteed or risk-free returns via these SMPs, it said.According to the regulator, the most common securities market frauds observed on SMPs include unauthorised investment advisory services from organisations falsely claiming Sebi registration or showing fake Sebi certificates. Such activities also include floating trading platforms that impersonate that of Sebi registered entities and guarantee fixed returns. Under Sebi rules, no intermediary can guarantee any returns to investors.Common securities market-related frauds also include misleading […]

[ad_1] US stock markets opened in negative territory Thursday morning, as investors remained cautious after a week marked by sharp swings and heightened volatility. The early declines come as investors analyse economic data, rising bond yields, and global uncertainty heading into the final sessions of a particularly turbulent week.As of 9:37 a.m. ET, the Dow Jones Industrial Average was down 199.93 points, or 0.5%, to 39,393.73 during initial minutes of trading. The Nasdaq 100 slipped 31.05 points, or 0.19%, to 16,356.26, while the S&P 500 fell 23.58 points, or 0.45%, to 5,244.47.In the commodities space, gold surged $71.30, or 2.24%, to $3,248.80, reflecting increased demand for safe-haven assets. Oil prices moved lower, down $0.27, or 0.45%, to $59.80 per barrel. Bond markets saw notable movement as the US 10-year Treasury yield rose to 4.507%, up 0.115 points, a gain of […]

[ad_1] Railway minister Ashwini Vaishnaw on Friday announced a “transformative project” to double the Gondia-Balharshah railway stretch in Maharashtra. The 240-kilometre line will be upgraded at an estimated cost of Rs 4,819 crore.“This project will play a pivotal role in enhancing passenger and freight connectivity between northern and southern India... Aspirational districts in the region will witness rapid development,” the minister said at a press briefing.He said under PM Modi’s leadership Maharashtra has “received unprecedented support for railway infrastructure,” given projects worth Rs 1.73 lakh crore, including the Mumbai-Ahmedabad bullet train and the dedicated freight corridor. The rail minister further added that this year alone, the state was granted more than Rs 23,000 crore for railway development.The approved project includes doubling the railway track, modernising 29 stations, and constructing 36 major bridges, 338 minor bridges, and 67 road under bridges […]

[ad_1] Gold prices in India skyrocketed by Rs 6,250 on Friday to reach a historic high of Rs 96,450 per 10 grams in the national capital, fuelled by robust demand from local jewellers and soaring global prices driven by heightened US-China trade tensions, according to the All India Sarafa Association.Reversing a four-day decline, gold of 99.5% purity surged to Rs 96,000 per 10 grams, up from the previous close of Rs 89,750, marking its highest-ever level, as news agency PTI reported. Gold of 99.9% purity also saw a significant jump, closing at Rs 96,450 compared to Wednesday’s Rs 90,200.Silver too followed suit, leaping Rs 2,300 to settle at Rs 95,500 per kg from its earlier close of Rs 93,200, mirroring the bullish global momentum. Domestic bullion markets were closed on Thursday for Mahavir Jayanti.On the futures front, gold contracts for […]

[ad_1] The National Stock Exchange of India (NSE) crossed a major milestone on Friday, surpassing 22 crore investor accounts. The number of accounts, measured by unique client codes (UCCs), increased by 2 crores in just 6 months pushing behind the 20-crore mark from October 2024.The number of unique registered investors, as of March 31, 2025, stood at 11.3 crore, up from 11 crore on 20 January 2025. The number of investors and their client codes may differ, as a single investor can hold accounts with multiple brokers and therefore can be assigned separate client codes.Maharashtra leads in investor accounts at 3.8 crore, followed by Uttar Pradesh at 2.4 crore, Gujarat at 1.9 crore), and Rajasthan and West Bengal at 1.3 crore each. Together, these five states contribute nearly 49 per cent of total accounts. The top ten states make up […]

[ad_1] Delhi CM Rekha Gupta (File photo) The BJP-led Delhi government is set to unveil a new "foolproof" excise policy that will incorporate the best practices from other states to boost revenue, according to Chief Minister Rekha Gupta. In an interview with PTI, Gupta emphasized that the new policy will be transparent, carefully designed to avoid societal issues, and focused on generating government revenue."We will bring a new, foolproof policy that is transparent and generates revenue for the government." Gupta said in an interview with PTI on Thursday. The policy will be such that it does not cause any problems to the people and society at large, she said. "In some states, excise policies are doing fine. We will follow these best excise policies of different states."The BJP came to power in Delhi in February, ousting the Aam Aadmi Party […]

[ad_1] Elon Musk-founded Tesla has discontinued accepting fresh orders for its Model S and Model X vehicles via its Chinese website, as reported by Reuters on Friday, amid escalating trade tensions between the world's leading economies.Customers can no longer place orders for these imported models through Tesla's WeChat mini programme account. Both vehicles are manufactured in the United States before being exported to China.The firm offered no explanation for this decision, which coincides with China's implementation of 84% tariffs on US products, following Trump's imposition of 145% duties on Chinese imports.The American automotive manufacturer produces Model 3 and Model Y vehicles at its Shanghai facility, serving both domestic Chinese market and European exports, which constitute the bulk of its sales.According to Li Yanwei, an analyst at the China Auto Dealers Association, China imported 1,553 Model X cars and 311 Model […]

[ad_1] NEW DELHI: India's GDP growth forecast for 2025 has been revised downwards to 6.1% from the earlier 6.4%, citing the impact of the US tariffs if they are implemented fully after the 90-day freeze announced by US President Donald Trump, Moody's Analytics said on Thursday.But it also said that it expects overall growth to be relatively insulated from the shock since external demand makes up a relatively small portion of GDP."The US is one of India's largest trading partners, so a 26% tariff hovering over imports of Indian goods will heavily impede the trade balance. Gems and jewellery, medical devices and textile industries will be among the worst hit," the agency, which is an arm of Moody's said in a latest report on the impact of the bruising tariffs on Asia Pacific economies.The agency said that it expects the […]