"Dealers noted weak market sentiment which specially continues in...
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Cancer remains most financially burdensome disease in India
Piyush Jain, Khushboo Jain, and Vikas Kaul, Co-founders of CarePal...
Kerala launches digital payment system, online services in govt hospitals
Kerala Health Minister Veena George The system enables payments for...
India needs average annual growth of 7.6 pc to become developed nation by 2047: RBI article
It also said that to become a developed country by 2047, India’s per capita GDP needs to rise by 8.8 times from the current level. In other words, the current per capita GDP of USD 2,500 needs to rise to to USD 22,000 Mumbai: India could become a developed country by...
Higher losses during disasters due to abysmally low insurance cover of 8%: SBI Report
The losses due to the ongoing floods in the north is the range of Rs 10,000-15,000 crore as the calamity has severely hit Himachal Pradesh, Uttarakhand, Punjab, Uttar Pradesh, Rajasthan, J&K and Delhi. Himachal alone would have lost Rs 3,000-4,000 crore by way of...
Luxury car market in India poised for record sales in 2023 after stellar H1 numbers
BMW Group India President Vikram Pawah said, ''In the second half also we will break records… It will be even better (than H1) with supplies becoming normal. We'll be having a record year if all things remain constant in the economy. The demand seems strong, the...
13.5 cr Indians move out of multidimensional poverty in 5 years: Niti Aayog report
The report said rural areas witnessed the fastest decline in poverty from 32.59 per cent to 19.28 per cent, while the urban areas saw a reduction in poverty from 8.65 per cent to 5.27 per cent. Providing multidimensional poverty estimates for the 36 states and Union...
FPIs infuse Rs 30,600 cr in Indian equities in the first fortnight of July
The incessant buying by FPIs could be attributed to a variety of factors such as the country's robust economic growth, strong corporate earnings, and relatively competitive valuations of Indian equities compared to other markets, Sonam Srivastava, Founder of Wright...
Investors prefer small-cap mutual funds over large-cap; invest Rs 11,000 cr in June quarter
The small-cap category in the mutual fund space has given impressive returns with a compound annual growth rate (CAGR) of 30-37 per cent for one year, 40-44 per cent for three years, and 18-21 per cent for five years Mumbai: Mutual funds focused on small-caps have...
Credit card spending hits record high at Rs 1.4 lakh crore in May; cards in use at 87.4 million
Indicating the rising stress level among individuals, a Transunion Cibil report last week said delinquencies in the credit card portfolio of banks have been rising and have jumped by 66 basis points to 2.94 per cent in March 2023. Credit card spending has hit a record...
Himachal suffered losses of about Rs 8,000 crore due to rain: CM Sukhu
About 70,000 tourists have been evacuated from the state and 15,000 vehicles sent out, while around 500 tourists have voluntarily decided to stay back, Sukhu said in a statement issued here Shimla: Himachal Pradesh has suffered losses of about Rs 8,000 crore as heavy...
Last month was hottest June ever recorded on Earth: NASA, NOAA
The National Oceanic and Atmospheric Administration (NOAA) also found that it is virtually certain (above 99 per cent) that 2023 will rank among the 10-warmest years on record and a 97 per cent chance it will rank among the top five. The El Nino climate pattern is one...
Health, motor continue to drive general insurance, Q1 sales jump 17.9%
In June, the non-life insurance industry reported a premium of Rs 20,451.9 crore growing by 14.8 per cent on-year compared to 20.6 per cent in the same period last year, according to the data collated by Care Ratings Mumbai: Robust demand for health and motor covers...