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1 month ago | 
outlookmoney.com | Ayush Khar |Rishabh Raj
JSW Energy share price continued to gain for the third straight day on March 11 on the NSE. The stock has gained nearly 6 per cent in three sessions to trade at an intraday high of Rs 519.5 apiece on the NSE. JSW Energy Ltd shares gained nearly 3 per cent to trade at an intraday high on March 11.
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1 month ago | 
outlookmoney.com | Ayush Khar |Rishabh Raj
India’s equity benchmarks extended rally for the second consecutive session on March 6, 2025. This happened on the back of a slew of factors, including softening of the tariff stance by US President Donald Trump, Reserve Bank of India’s (RBI) liquidity measures, a weakening dollar, and a decline in crude oil prices. The BSE Sensex surged 609.86 points, or 0.83 per cent to close at 74,340.09. Likewise, the NSE Nifty 50 jumped 207.40 points, or 0.93 per cent, to end at 22,544.70.
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1 month ago | 
outlookmoney.com | Rishabh Raj |Ayush Khar
The markets represented by the 50-share Nifty and the 30-share Sensex, will remain closed on Wednesday, February 26 on the occasion of Maha Shivratri. Indian stock markets are often closed on special occasions such as festivals and clearing holidays. Notably, Indian markets will witness the first trading holiday of the calendar year 2025 in February. Maha Shivratri is a Hindu festival which celebrates the marriage of Lord Shiva and Goddess Parvati.
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2 months ago | 
outlookmoney.com | Ayush Khar |Shivangini Gupta
The Reserve Bank of India on February 7 announced a repo rate cut by 25 basis points to 6.25 per cent during its monetary policy committee (MPC) meeting announcement. This development reflected positively on various loans’ interest rates linked with repo rates. This has led to lower home loan interest rates which can bring down EMIs or even lower the loan tenure.
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2 months ago | 
outlookmoney.com | Shivangini Gupta |Ayush Khar
The Unified Payments Interface (UPI) system has changed the landscape of digital transactions in India, facilitating real-time money transfers between bank accounts by way of mobile phone connectivity. Various UPI-enabled apps available in the Indian fintech market, including Paytm, PhonePe, MobiKwik, BHIM, and others, have enabled this digital shift. Credit Cards Now Linked To UPI Earlier, UPI transactions were limited to savings accounts or debit cards.
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2 months ago | 
finance.einnews.com | Ayush Khar |Shivangini Gupta |Himani Verma
Budget 2025 Income Tax Live Updates: As the middle class awaits income tax relief, all eyes are on Finance Minister Nirmala Sitharaman who is set to present the Union Budget 2025 at 11 am in Parliament today. This will be the second full-fledged budget of PM Narendra Modi's third term. The finance minister has presented six annual and one interim budget to date, and this will be her eighth budget in 2025.
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2 months ago | 
outlookmoney.com | Ayush Khar |Shivangini Gupta
There was a time when debit cards used to be the default choice for millions of Indians for their simplicity, convenience, and direct threat to the bank account of users. However, the latest report by the Reserve Bank of India (RBI) paints a different picture; one where debit cards seem to losing their game to credit cards. Where credit card transactions have surged beyond 100 per cent in the last five years, debit cards have witnessed a sharp dive.
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Jan 23, 2025 | 
outlookmoney.com | Ayush Khar |Shivangini Gupta
Direct Tax Code (DTC) could be on the cards with the second budget scheduled to be tabled by Finance Nirmala Sitharaman on February 1, for Prime Minister Narendra Modi’s third term, as per a report by news daily Business Standard. The DTC is expected to fix India’s complex tax structure, making it more user-friendly, intuitive, and easy to understand. The Income Tax Department has received over 6,500 recommendations from stakeholders for simplifying the Act.
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Jan 14, 2025 | 
outlookmoney.com | Ayush Khar
India is gearing up to participate in the Maha Kumbh Mela 2025. It is believed that taking a dip in the holy Ganga on the auspicious occasion of the Kumbh can cleanse one of sins. Hindu devotees head to the city where the Kumbh Mela is being organised and engage in the festival. While devotees await the onset of the festival, a study has now found that stock market investors too are impacted majorly by the mega event.
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Jan 14, 2025 | 
outlookmoney.com | Ayush Khar
The year 2024 has been a spectacular one for the mutual funds industry. Data by the AMFI showed that the total number of accounts as of December 31, 2024 stood at 22.5 crore. On the other hand, as many as 239 New Fund Offers (NFOs) attracted investors to the mutual funds market in 2024. These 239 NFOs collectively raised a whopping Rs 1,18,519 crore, according to a report by mutual fund distributor Germinate Investor Services.
