Leading bourse BSE will conduct a mock trading session from its disaster recovery site on Saturday to test system performance.
Market benchmark Sensex rebounded by 266 points Thursday to close at over two-week high of 28,773.13 and the NSE Nifty went past the 8,800-mark, tracking upbeat global cues after the US Federal Reserve left rates unchanged.
With an aim to make it easier for overseas investors, regulator Sebi is considering allowing some categories of Foreign Portfolio Investors (FPIs) to directly trade in Indian markets, starting with debt segment.
Questioning the methodology adopted by Moody's, Finance Ministry on Thursday said the global agency has ignored reforms initiated by the government and it should not wait "till infinity" for them to take root before upgrading the country's sovereign rating.
Ending 92-year-old tradition of having a separate Railway Budget, the Cabinet has decided to merge it with the General Budget and agreed in-principle to advance the date of its presentation in Parliament from the usual February end.
Keen to improve business climate, Commerce Minister Nirmala Sitharaman said tax and regulatory authorities are being asked not to go on an overdrive and asserted the government is not there to obstruct or create hindrances.
The government on Thursday appointed three members to the interest-rate setting Monetary Policy Committee (MPC) for four years.
The rupee strengthened by 18 paise to 66.84 against the dollar in early trade at the Interbank Foreign Exchange today on selling of the US currency by exporters and banks amid foreign fund inflows.
The 30-share barometer Sensex was quoting sharply higher by 364.80 points, or 1.27 percent at 28,871.92 in early trade with all the sectoral indices led by banking, metal and auto were trading in the positive zone, gaining by up to 1.99 percent.
Generating robust demand from investors, ICICI Prudential Life Insurance's Rs 6,057-crore IPO, the first by an insurer in India, today closed with over 10-time subscription for shares offered to public.
The Zeta Gift Card is a part of Zeta's portfolio of digital solutions in the employee tax benefits and rewards space for the Indian marketplace.
Citing reforms and steps taken towards ease of doing business, the Finance Ministry today pitched for a rating upgrade with Moody's, while the US-based agency expressed concern over the state of bad loans in the banking sector.
The Bank of Japan made an abrupt shift on Wednesday to targeting interest rates on government bonds to achieve its elusive inflation target, after years of massive money printing failed to jolt the economy out of decades-long stagnation.
Generating robust demand from investors, ICICI Prudential Life Insurance's Rs 6,057-crore IPO, the first by an insurer in India, Wednesday closed with over 10-time subscription for shares offered to public.
Shares of Financial Technologies (India) fell by over 6 per cent today after CBI arrested the promoter of the firm, Jignesh Shah, for alleged cheating and suppression of facts in getting SEBI extension to MCX-SX to continue as a private stock exchange in violation of norms.
The BSE benchmark Sensex rebounded over 44 points in early trade on Wednesday on fresh buying by investors in select blue-chips amid a firm trend in Asian markets ahead of policy announcement by the Bank of Japan and US Federal Reserve.
The proposal for advancing of the budget and the merger of the railway budget with it will be considered on Wednesday at a meeting of the union Cabinet to be chaired by Prime Minister Narendra Modi, who has been pushing for it.
India has among the lowest mutual fund investments to GDP ratios in the world at 7 percent, offering a vast untapped opportunity for MF houses, which can leverage technology to enhance reach, a report said Tuesday.
The rupee turned weaker after two straight days of gains and ended below the psychologically key 67-mark in a nervous trading session Tuesday amid uncertainty over the Fed rate-hike action.
The Union Cabinet is likely to consider proposal for Union Budget overhaul, including merging the Railway Budget with it and doing away with the distinction of plan and non-plan expenditure Wednesday.