India’s foreign exchange reserves have reached a new record high of $692 billion, marking an increase of $2.8 billion for the week ending September 20, as reported by the Reserve Bank of India (RBI). This milestone represents the fifth consecutive week of growth, edging closer to the $700 billion goal. The boost in reserves was ...
 "Sensex and Nifty 50 hit record highs before closing slightly lower, fueled by optimism from global markets and US rate cuts.")
On September 24, 2024, the Indian stock Market witnessed a major milestone as the benchmark indices Sensex and Nifty 50 hit all-time intraday highs, surpassing 85,000 and 26,000, respectively. The Sensex reached a peak of 85,163 but closed slightly lower at 84,914, while the Nifty 50 closed at a record 25,940 after hitting an intraday ...
West Bengal Chief Minister Mamata Banerjee criticized the Indian Railways, claiming it has set a “world record” for derailments after a recent incident involving empty goods train wagons in Jalpaiguri. She expressed concern over public safety in train travel and questioned the absence of the railway minister during these emergencies. Banerjee highlighted her own achievements ...
 "Despite market volatility, equity mutual funds saw record inflows, boosting investor numbers towards a historic 50 million milestone.")
Equity mutual funds (MFs) in India are experiencing remarkable growth, with inflows reaching Rs 37,113 crore in July, the second-highest monthly total ever. The investor base is expected to surpass 50 million by September, with over 10 million new investors joining in just a year. This surge is fueled by a strong equity Market performance ...
 "Indian firms achieved a record cash flow of Rs 11.1 trillion in FY24, marking a dramatic 19.3% increase.")
In the financial year 2023-24, Indian companies achieved a remarkable milestone by generating a net cash flow of Rs 11.1 trillion from their operations. This figure marks the first time cash flow has crossed the Rs 10-trillion threshold, as reported by the Centre for Monitoring Indian Economy (CMIE). The new cash flow represents a significant ...
 "India’s currency shines with a record 9.46 billion in reserves, marking its strongest weekly rise this year.")
India’s foreign exchange reserves have reached a record high of $689.46 billion, marking a consistent rise for five consecutive weeks. This week’s increase was $220 million, adding to a total of $19.1 billion gained in previous weeks. The Reserve Bank of India plays a key role in managing the exchange Market to stabilize the value ...
 "Morgan Stanley’s record 1.1 million square feet lease in Mumbai signifies a major shift in India’s commercial real estate landscape.")
Morgan Stanley has made a significant move in the Indian commercial real estate Market by leasing 1.1 million square feet of office space in Goregaon, Mumbai. This nearly 10-year lease, valued at over Rs 2,122 crore, is one of the largest office deals in India for 2024. The bank has rented 16 floors of the ...
KT Rama Rao, the Working President of Bharat Rashtra Samithi (BRS), praised former Chief Minister K Chandrashekar Rao (KCR) for his significant contributions to Telangana. He emphasized that KCR’s achievements are undeniable, highlighting a report from the Prime Minister’s Economic Advisory Council that noted Telangana’s per capita income is now 94 percent higher than the ...
 "PwC faces a record penalty in China for audit failures, prompting substantial investments to rebuild trust and ensure sustainability.")
PwC is making significant investments to enhance its business quality and sustainability in China following a recent record penalty. The firm faced a six-month suspension and a hefty fine of 441 million yuan (approximately $62 million) due to its involvement in the audit of the troubled property developer, China Evergrande Group. Chinese regulators accused Evergrande ...
 "The Indian equity market soared, hitting record highs as anticipation builds for the US Federal Reserve’s pivotal interest rate decision.")
The Indian equity Market saw a remarkable performance last week, with the Nifty and Sensex reaching record highs. Investment experts are closely watching the upcoming US Federal Reserve meeting on September 18, which is expected to initiate a series of interest rate cuts. This potential reduction could attract foreign investments into Indian stocks, particularly as ...
