Volatility persisted on Dalal Street with a downward trend, despite RBI maintaining the status quo on rates. The sensex dropped 582 points, closing at 78,886, while the Nifty declined by 181 points to 24,117. Foreign funds remained net sellers, marking the fifth consecutive session, whereas domestic funds were net buyers. The ongoing global uncertainty...
Read MoreAquarius was advised to approach daily activities with caution, particularly in travel and physical endeavors. Harmony in relationships remained vital, with clear communication emphasized. Career and financial decisions required careful planning, avoiding major investments. Health precautions and stress management were recommended to avoid complications. The day favored reflection over new beginnings in personal life...
Read MoreRBI governor Shaktikanta Das cautioned banks against rapidly expanding personal loans by offering top-ups on existing home and gold loans. He highlighted concerns about non-compliance with regulatory limits and the risk of loans being used for speculative purposes. Das also noted that continued disconnect between loan and deposit growth could lead to structural liquidity...
Read MoreIn the June quarter, demand for FMCG products experienced a dip, with urban areas seeing a notable decline. NielsenIQ reported a volume growth of 3.8%, the lowest in over a year. Factors like rising unemployment and economic challenges were cited as key reasons. While rural areas performed better, overall consumption still slowed down compared...
Read MoreRBI allowed ‘delegated payments’ on UPI, enabling third parties to perform transactions using a primary user’s account. The tax payment limit on UPI was raised to Rs 5 lakh. This innovation is expected to enhance digital payment reach. Additionally, continuous cheque clearing was introduced to improve efficiency, potentially allowing same-day clearance.
Read MoreThe day favored Pisces with emotional depth and connection. They experienced strong support and romantic gestures, enhancing their relationships. In education and career, intuition allowed them to absorb information easily and collaborate effectively. Financial stability was evident, although speculative investments were not advisable. Emotional well-being was emphasized through joyful and relaxing activities.
Read MoreA US court dismissed a plea by Byju’s foreign lenders to obstruct a settlement between the startup and BCCI, upheld by an Indian court. The Delaware Bankruptcy Court avoided interfering with another country’s legal system, affirming the Indian court’s resolution of a Rs 159 crore dispute. Founder Byju Raveendran’s brother cleared BCCI’s dues using...
Read MoreVedanta puts $2.5 billion steel business sale on hold: Report
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