RBI Sold $12 Bn On Oct, Highest Monthly Sale In 10 Months
The Reserve Bank of India net-sold $11.8 billion in October, its highest monthly dollar sale since December 2024, according to the central bank's monthly bulletin. This followed net dollar sales of $7.9 billion in September. In October, the RBI steadily supplied...
Banks Asked To Offer Basic Services At ALL Branches
Commercial banks have been asked to offer basic services to customers from all branches, and not just home branches, said a senior banker aware of the development. Also, the lenders have been prodded to cut service charges levied by them...
BSE Sensex top losers today
Benchmark stock indices Sensex and Nifty closed lower for the fourth consecutive day on Thursday amid a muted trend in global markets and uncertainty over a trade deal with the US. Falling for the fourth day, the 30-share BSE Sensex...
RBI Issues Revised Norms For Cash Credit, Overdraft Facility
The Reserve Bank of India on Thursday issued revised norms to provide greater flexibility to banks for opening and maintaining three types of accounts: Cash credit, current, and overdraft. These accounts are predominantly used for business and commercial transactions. The revised direction...
RBI cuts repo rate to 5.25%
RBI Governor Sanjay Malhotra says, "The MPC (Monetary Policy Committee) voted unanimously to reduce the policy repo rate by 25 basis points to 5.25% with immediate effect." Since October policy, Indian economy has witnessed rapid disinflation. Rate-setting panel decides...
Equity markets decline in early trade
Benchmark indices Sensex and Nifty declined in early trade on Tuesday dragged by blue-chip bank stocks and persistent foreign fund outflows. After scaling record high level in the previous intra-day session, the 30-share BSE Sensex fell by 380.02 points to...
Sensex, Nifty close marginally lower after hitting fresh lifetime highs
Benchmark stock indices Sensex and Nifty closed marginally lower after hitting their fresh all-time highs on Monday due to profit-taking at higher levels and foreign fund outflows. The 30-share BSE Sensex pared early gains and closed 64.77 points or 0.08...
Sensex, Nifty hit record HIGHS after 14 months
Stock market benchmark indices Sensex and Nifty scaled their fresh record highs in early trade on Thursday amid optimistic global trends on growing hopes of a US Fed rate cut and foreign fund inflows. Extending its previous day's rally, the...
CM Fadnavis Breaks Ground for ₹2,000-Cr XSIO–Blackstone Industrial Park in Nagpur
Nagpur: Maharashtra Chief Minister Devendra Fadnavis on Saturday laid the foundation stone for XSIO Industrial & Logistics Parks’ upcoming next-generation logistics and industrial hub, Park ONE-NORTH, at Wadhgaon along the Samruddhi Mahamarg. The project, developed in partnership with global investment...
Power Becomes Cheaper: FAC Set to Zero, Industries and Traders Get Relief
Nagpur: After weeks of confusion and protests across Maharashtra, the state government has finally provided relief to consumers by eliminating the Fuel Adjustment Charge (FAC) from electricity bills. The Maharashtra State Electricity Distribution Company Limited (MSEDCL) issued a circular declaring...
NVCC’s Balance Sheet Sparks Controversy; Traders Angered Over ‘Unsigned’ Financial Report
Nagpur : The Nag Vidarbha Chamber of Commerce (NVCC), which claims to represent over 1.3 lakh traders across the region, has once again landed in controversy ahead of its Annual General Meeting (AGM). The chamber’s latest balance sheet, reportedly circulated...
Active EM Funds On Track For Best Run Since 2017
Actively managed global emerging market (GEM) funds are having their best run in eight years. With average returns of around 26 per cent so far in 2025, they are on course for their strongest calendar-year performance since 2017, according to an...
Prafullbhai Doshi to Receive ‘Metafence Lifetime Achievement Award’ at SHCV’s Annual Diwali Sneh Milan
Nagpur: The Steel & Hardware Chamber of Vidarbha (SHCV), the apex body representing entrepreneurs from the Vidarbha region engaged in the iron, steel, and hardware trade, is set to host its annual “Parivarik Diwali Sneh Milan” on Sunday, October 26,...
Nagpur Witnesses Record ₹1,000 Crore Trade on Dhanteras; GST 2.0 Boosts Festive Sales
Nagpur: The festive spirit of Dhanteras brought a remarkable economic surge in Nagpur this year, with the city recording an estimated trade turnover of over ₹1,000 crore in a single day. From gold and silver to automobiles, electronics, clothing, and...
Gandhi Square at Omkar Nagar Emerging as South Nagpur’s New Commercial Hotspot
Nagpur: South Nagpur’s commercial map is fast changing, and leading this transformation is Gandhi Square by Gandhi Builders and Developers, located at Omkar Nagar Square. This well-planned, commercially sanctioned complex has received its Occupancy Certificate (OC) and is already home...
Sandesh Nagari-5 by R Sandesh Group: Shaping Pewtha’s Residential Landscape
Nagpur: Pewtha is no longer just a developing pocket of Nagpur—it has emerged as the city’s fastest-growing residential destination, blending the charm of open landscapes with the advantages of modern urban living. Leading this transformation is R Sandesh Group, a...
Did You Know? 511 MIDC Units in Nagpur Have Shut Down; HC Takes Suo Motu Cognizance
Nagpur: In a major development highlighting Vidarbha’s worsening industrial situation, the Nagpur Bench of the Bombay High Court has taken suo motu cognizance of the closure of 511 industrial units across various MIDC areas in Nagpur district. The bench, comprising Justice...
I-T Raids Continue on Go Gas Owner Confidence Petroleum in Nagpur and Mumbai
Nagpur: The Income Tax (I-T) Department on Wednesday continued its extensive search operations at the offices and warehouses of Confidence Petroleum India Limited (CPIL) in Nagpur and Mumbai, owned by prominent industrialist Nitin Khara, Chairman and Managing Director (CMD) of...
GST Revamp: Firms Can Raise Grammage, Not Cut Prices
Fast-moving consumer goods (FMCG) companies have the option to increase grammage in products instead of reducing price to pass on the benefits under the latest round of rationalisation in GST rates, despite a recent ruling by the Delhi high court...
Light Gallery Inaugurates Central India’s Largest Lighting Showroom at MIDC Wadi
Nagpur: In a landmark moment for the region’s design and décor industry, Light Gallery inaugurated Central India’s biggest lighting showroom at MIDC Wadi on October 5. Spanning an...
Nagpur Residential Hotels Association Elects New Executive Team for 2025–27
Oplus_16908288 Nagpur: The 16th Annual General Meeting (AGM) of the Nagpur Residential Hotels Association (NRHA) was held at Hotel Darshan Towers, where the new executive committee for the term 2025–27 was formally elected. The newly elected office bearers include:
- Tejinder Singh...
