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Life insurers upsurge Rs 27,034 Crore as new business collections
11 Jun

Life insurers upsurge Rs 27,034 Crore as new business collections

editorBusiness, News
New business premium collections of life insurance companies grow by 15.15% in the month of May 2024 compared to the same month last year, boost by strong demand for improved insurance protection from both corporate and individual consumers. According to the Life Insurance Council, new policy issuances grew by 12.45% in the same period, reflecting strong underlying demand for life insurance products. New business premium increased from Rs 23,448 Crore in May 2023 to Rs 27,034 Crore in May 2024, with year-to-date (YTD) collections rising even further to Rs 47,293 Crore from Rs 36,043 Crore. Driven by strong demand for…
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Consumers expect spending to gain in next one year: RBI survey
10 Jun

Consumers expect spending to gain in next one year: RBI survey

editorBusiness, News
According to the latest survey by the Reserve Bank of India (RBI), Indian consumers are expected to increase spending over the next one year, with both essential and non-essential items increasing.RBI's Consumer Confidence Survey (CCS) showed that the rise in consumer confidence has stalled for the current period as sentiments have declined slightly on all parameters except spending in the latest survey round.The Current Situation Index (CSI) declined to 97.1 in May 2024 from 98.5 two months ago."For the year ahead, consumer confidence remained elevated in optimistic territory, although it declined marginally due to relatively soft sentiments on general economic…
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Bajaj Housing Finance files DRHP with SEBI to improve ₹7,000 Crore via IPO;
08 Jun

Bajaj Housing Finance files DRHP with SEBI to improve ₹7,000 Crore via IPO;

editorBusiness, News
Bajaj Housing Finance IPO: Bajaj Housing Finance has filed preliminary draft papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds of ₹7,000 Crore through its upcoming public offering. The total public issue of up to ₹7,000 Crore includes a new issue of equity shares up to ₹4,000 Crore and an offer for sale (OFS) of up to ₹3,000 Crore by the selling shareholder with a face value of up to ₹3,000 Crore. Or the parent company, Bajaj Finance limited each equity share of ₹10. The share sale is being conducted to comply with Reserve…
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RBI Monetary Policy 2024: RBI keeps repo rate unchanged at 6.5% for eighth consecutive time, extend FY25 GDP estimate to 7.2%
07 Jun

RBI Monetary Policy 2024: RBI keeps repo rate unchanged at 6.5% for eighth consecutive time, extend FY25 GDP estimate to 7.2%

editorBusiness, News
RBI MPC Meeting June 2024: With the RBI keeping the repo rate constant, all external benchmark lending rates linked to the repo rate will not increase, providing relief to borrowers as their EMIs will not increase. RBI Monetary Policy Meeting June 2024: The Monetary Policy Committee (MPC) of the Reserve Bank of India, which began its meeting on Wednesday, has kept the repo rate unchanged at 6.5% for the eighth consecutive time. This is the first time that the MPC met after the declaration of Lok Sabha election results. In April, the central bank had determined to keep the repo…
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Market bullish: Sensex up 3.2%, Nifty closed above 22,600
06 Jun

Market bullish: Sensex up 3.2%, Nifty closed above 22,600

editorBusiness, News
A day after witnessing the worst trading session in four years, benchmark indices Sensex and Nifty recovered almost half of their losses on Wednesday after gaining over 3% each. The 30 share BSE Sensex closed at 74,382.24, up 2,303.19 points or 3.2 per cent. Nifty closed at 22,620.35, upturn 735.85 points or 3.36%. Sensex fell 4,389.73 points or 5.74% and Nifty 50 fell 1,379.4 points or 5.93% on Tuesday due to the unexpected Lok Sabha election result. Bharatiya Janata Party (BJP) got 240 seats, which is much less than the exit poll estimates. However, the BJP-led National Democratic Alliance (NDA)…
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Sensex up 2.46% in morning trade, Nifty improve 560 points
05 Jun

Sensex up 2.46% in morning trade, Nifty improve 560 points

editorBusiness, News
A day after the announcement of Lok Sabha elections, domestic stock market indices Sensex and Nifty, which opened nearly 1 percent higher on Wednesday (May 5), gained in morning trade. At 11:30 am, the Sensex rose 2.46% or 1,772.04 points to 73,851.09. The index opened at 73,027.88, up 1.32% compared to its previous close of 72,079.05. After opening with a gain of 243.85 points or 1.11%, the broader Nifty also jumped 2.56% or 560.5 points to hit an intraday high of 22,445. On Wednesday, the Sensex closed 4,389.73 points or 5.74% lower at 72,079.05, and the Nifty 50 fell 1,379.4…
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Gross GST revenue collection in May 2024 stands at ₹1.73 lakh crore; Recorded 10% increment year-on-year
04 Jun

Gross GST revenue collection in May 2024 stands at ₹1.73 lakh crore; Recorded 10% increment year-on-year

editorBusiness, News
Mumbai: Gross goods and services tax (GST) revenue for May 2024 stood at ₹1.73 lakh crore. This represents a 10 percent year-on-year increase, driven by strong growth in domestic transactions (up 15.3%) and a slowdown in imports (down 4.3%). After accounting for refunds, the net GST revenue for May 2024 is ₹1.44 lakh crore, showing a growth of 6.9% over the same period last year. The gross GST collection in the financial year 2024-25 till May 2024 stood at ₹3.83 lakh crore. This represents an impressive growth of 11.3% year-on-year, driven by strong growth in domestic transactions (up 14.2%) and…
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On finding refuge in religion, Janhvi Kapoor discover she has visited Tirupati Balaji temple thrice this year: ‘When the call comes…’
03 Jun

On finding refuge in religion, Janhvi Kapoor discover she has visited Tirupati Balaji temple thrice this year: ‘When the call comes…’

editorBollywood, News
Janhvi Kapoor has a deep spiritual connection with the holy temple of Tirupati Balaji. In a recent conversation, the actor revealed that she has already been to Tirupati thrice this year and is planning to visit again on the birthday of her mother and late actor Sridevi. Janhvi also told how she has found refuge in her religion in the last few years.Speaking to Curly Tales, he said that, “In the last 5 to 6 years I have become more religiously inclined. I find refuge in my religion and my spirituality and especially in Lord Balaji. When the call comes…
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Bank credit increment 15.3% in April: RBI
01 Jun

Bank credit increment 15.3% in April: RBI

editorBusiness, News
The Reserve Bank of India (RBI) said the banking sector recorded higher credit growth in the first month of FY24, led by an increase in advances to the agriculture sector.On a year-on-year basis, non-food bank credit grow by 15. %3 in April compared with 16.2% growth a year earlier. In absolute terms, bank non-food credit stood at Rs 159.55 lakh Crore in April compared to Rs 138.38 lakh Crore in April 2023.RBI's sectoral deployment of bank credit for April 2024 showed that credit to agriculture and allied activities increased to 19.7% in April 2024 from 16.8% a year ago.Growth in…
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JEE Advanced 2024 response sheet to be appeared at jeeadv.ac.in
31 May

JEE Advanced 2024 response sheet to be appeared at jeeadv.ac.in

editorEducation, News
JEE Advanced 2024 response sheet: The response sheets will be released today i.e. May 31, and candidates will be able to get them on the official candidate portal jeeadv.ac.in. JEE Advanced 2024: Indian Institute of Technology, Madras (IIT Madras) will release the response sheet of Joint Entrance Examination (JEE) Advanced 2024 today (May 31). JEE advanced response sheet can be downloaded from the official website – jeeadv.ac.in.Furthermore, the provisional answer key for JEE Advanced 2024 will be released on June 2. Candidates will be able to increase their objections/challenges against the given answer key till June 3. The final answer…
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