Mumbai, Sep 7 In a major change in market trend, large cap stocks outperformed the mid and small cap stocks in August. It was the first time this year that large cap stocks outperformed both mid and small cap scrips, which were largely dominating the bull run amid the pandemic.Read More

India has bought a record amount of gold in August 2021 according to a Reuters report. As the gold rates are increasing in the international markets, India is also enhancing its gold imports. However, in August during the second week, gold prices went record downs due to improved US jobsRead More

Businesses in Afghanistan have been hampered due to the recent disruption in the country’s banking system. A number of industry officials and factory owners said they are unable to withdraw money from their accounts and therefore cannot pay their daily operational costs and wages of their workers, reported Tolo News.Read More

Western Union announced on Thursday that it would resume its money transfer service to Afghanistan as the Taliban deal with enormous economic hurdles following their takeover last month. “Western Union is pleased to share that it is resuming its money transfer services into Afghanistan, starting September 2, so that ourRead More

Image Source : PTI/FILE IMAGE RBI imposes penalty of Rs 25 lakh on Axis Bank The Reserve Bank of India (RBI) on Wednesday imposed a monetary penalty of Rs 25 lakhs on Axis Bank Limited. According to the central bank, the penalty was levied for contravention of/non-compliance with certain provisionsRead More

Reserve Bank of India (RBI) will conduct fine-tuning operations to manage unanticipated and one-off liquidity flows to ensure balanced liquidity conditions in the system, Governor Shaktikanta Das said on Tuesday. The Governor said that in the monetary policy statement of August 6, he had set out a road map forRead More

The rupee strengthened further by 29 paise to close at 73.00 (provisional) against the US dollar on Tuesday, marking the fourth straight session of gain following a firm trend in domestic equities and foreign fund inflows. At the interbank forex market, the local unit opened at 73.26 against the greenbackRead More

New Delhi, Aug 30 Automobile major Maruti Suzuki India blamed rising commodity cost for another price hike from September. Earlier in calendar year 2021, the automobile major had increased prices in January, April, and in July for only for the hatchback Swift and all CNG variants. “Rising commodity prices, especiallyRead More

In what could be termed as the most unfortunate incident ever, ecommerce giant Amazon fired an employee for going to loo several times. Amazon is known for its tough decisions as it enforces discipline at workplaces strictly. This is what has brought humongous success to its founder Jeff Bezos andRead More

At the end of July this year, Korea’s foreign exchange reserves reached 458.68 billion dollars, the largest amount ever again. According to the report ‘Foreign Exchange Reserves at the end of July 2021’ published by the Bank of Korea, country’s foreign exchange reserves increased by 4.58 billion dollars to 458.68Read More