Market Overview In a recent move, Indian food delivery giants Zomato and Swiggy announced increased platform fees, raising the cost to Rs 10 per order from previous rates of Rs 6 and Rs 7, respectively. This strategic adjustment comes as both companies anticipate a spike in order volumes during India’s festive season, aiming to offset … Read more
As we step into Samvat 2081, the Indian stock market has made history in September 2024, with the Nifty 50 crossing 26,250 and the BSE Sensex soaring past 85,900. Both indices gained around 25% in Samvat 2080, driven by a broader market rally. The BSE MidCap and SmallCap indices surged even higher, posting gains of … Read more
Market Overview India’s recent decision to impose anti-dumping duties on five key products imported from China is a significant development that could reshape the landscape for various sectors in the country. The products affected include isopropyl alcohol, sulfur black, cellophane transparent film, thermoplastic polyurethane, and unframed glass mirrors. These duties are set for a period … Read more
Market Overview In a significant development for the fintech sector, Paytm has received the green light from the National Payments Corporation of India (NPCI) to onboard new Unified Payments Interface (UPI) users. This approval comes nearly nine months after the Reserve Bank of India (RBI) imposed restrictions on Paytm Payments Bank Ltd. (PPBL), hindering its … Read more
What to Expect from the Indian Markets for the Upcoming Week of October, As we move into October 21-27, 2024, the Indian stock market is gearing up for a regular week of trading. Investors can expect uninterrupted market sessions with no scheduled market holidays except for the weekend break on October 26 and 27 (Saturday … Read more
Global Economic Challenges As investors sift through the latest International Monetary Fund (IMF) warnings, it becomes clear that global markets are in for a bumpy ride. High government debt, slowing economic growth, and geopolitical tensions create an uncertain environment for investors, particularly those in emerging markets and sectors heavily reliant on international trade. This article … Read more