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FCA surged by $748 million to $566.988 billion, as per weekly data by RBI The country’s foreign exchange reserves swelled by $1.013 billion to touch a lifetime high of $610.012 billion in the week ended July 2, RBI data showed on Friday. In the previous week ended June 25, 2021, …

GR Infraprojects sold shares in the price band of Rs 828 to 837 per share in the IPO. GR Infraprojects share sale via initial public offering (IPO) witnessed strong response during the three-day share sale which ended today. GR Infraprojects’ Rs 963 crore IPO was subscribed a whopping 102.58 times, …

The fall in prices recorded in June reflects the decline in the rates of cereals, vegetable oils The global food commodity prices fell in June for the first time in 12 months amid the COVID-19 crisis, according to a benchmark United Nations report released on Thursday, July 8. The decline …

Union Cabinet has approved a new Covid response package The Union Cabinet, which had its first meeting on Thursday after it was revamped yesterday with the induction of 43 ministers, approved a new scheme titled “India COVID-19 Emergency Response & Health System Preparedness Package: Phase-II” worth Rs 23,123 crore for 2021-22, a move which …

Shares of Jindal Steel settled 2.33 per cent higher at Rs 400.10 on the BSE. Share price of Jindal Steel and Power Limited (JSPL) edged higher by more than two per cent on Wednesday, July 7, after the company announced that its production in the April-June quarter of the current fiscal …

Reserve Bank of India imposed monetary penalty on 14 banks for violation of rules The Reserve Bank of India (RBI) imposed monetary penalties – ranging between Rs 50 lakh to Rs 2 crore, on 14 banks including the State Bank of India (SBI), Punjab and Sind Bank, and Bandhan Bank, among others, for …

Rupee Vs Dollar Today: The rupee settled at 74.62 against the dollar The rupee declined by seven paise against the US dollar on Wednesday, July 7, to settle at 74.62 (provisional) tracking a stronger American currency and rising crude oil prices – both of which weighed on investor sentiment. At the interbank foreign …

Max Bupa and Axis Bank tied-up for a health insurance policy amid COVID-19 Max Bupa health insurance has entered into a corporate agency partnership with Axis Bank to provide comprehensive health insurance solutions to customers and support policyholders with improved services amid the COVID-19 pandemic. The official tie-up between the two …

Children can be taught basics of budgeting which includes lessons like saving and spending The age-old notion of keeping children away from discussions about finances and household expenditures must be done away with in this growing digital age. Introducing your child to financial literacy at a young age is an …

A mutual fund is a financial vehicle that pools together money from various sources and invests it into different types of securities like stocks and bonds. When investors put their money in mutual funds, they partially own the fund and thus become eligible to get a share of the revenue …