The Nifty 50 index witnessed a recovery from its intra-day low on Wednesday, May 7, 2025, ahead of its weekly expiry. The benchmark index fluctuated between 24,220.00 and 24,449.60 levels during the session. At the close, Nifty 50 saw a rise of 34.80 points closing at 24,414.40. Stocks Under F&O Ban on Nifty’s Weekly Expiry Day Ahead of the Nifty weekly …
On May 7, 2025, Indian benchmark indices ended with slight gains amid market volatility due to recent geopolitical developments. The BSE Sensex closed at 80,746.78, up by 105.71 points (+0.13%), while the NSE Nifty 50 ended at 24,414.40, gaining 34.80 points (+0.14%). The heightened volatility came after missile strikes by the Indian armed forces on …
Asia’s richest man, Mukesh Ambani, is stirring up the Indian soft drink market, challenging the long-standing duopoly of Coca-Cola Co. and PepsiCo Inc. through a familiar strategy, price disruption. Reliance Industries Ltd, under his leadership, has brought Campa Cola back to life, a nostalgic Indian brand that once ruled the cola scene in the …
In a significant development for the Indian judiciary, the Supreme Court of India has made public the financial disclosures of 21 of its 33 sitting judges, including Chief Justice of India (CJI) Sanjiv Khanna. This move marks a visible shift towards transparency amid growing public demand for accountability from the nation’s top legal authorities. Timing …
The Government of Arunachal Pradesh has approved a 2% hike in Dearness Allowance (DA) and Dearness Relief (DR), increasing both from the existing 53% to 55% of basic pay and pension. This adjustment aligns with the recommendations under the 7th Pay Commission and is intended to counterbalance the rising cost of living due to inflation. …
In response to a rising number of passenger complaints related to ride cancellations, sudden price surges, and safety concerns, the Maharashtra government has rolled out the Aggregator Cabs Policy 2025. This new regulatory framework applies to leading app-based ride services like Ola, Uber, and Rapido, and aims to ensure accountability, safety, and smoother commuting experiences …
In a major policy reform aimed at improving coal distribution in the power sector, the Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved the Revised SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) Policy. This new framework simplifies the allocation process, introduces greater flexibility for power producers, …
According to Moneycontrol reports, the Reserve Bank of India (RBI) is anticipated to deliver a substantial dividend to the Centre this month, with a projected transfer of ₹2.5–₹3 lakh crore. This would represent a notable increase from the ₹2.1 lakh crore transferred in the previous financial year. The surge in surplus is attributed largely to …
The Central Board of Direct Taxes (CBDT) has officially notified Income Tax Return (ITR) forms 1 through 5 for the Assessment Year 2025–26. These forms, applicable for income earned during the financial year ending March 2025, reflect several updates in eligibility criteria, disclosure requirements, and form structure. With each form tailored to specific taxpayer categories, …
As of March 2025, the Reserve Bank of India (RBI) held 879.59 metric tonnes of gold in its reserves. This figure marks a strategic accumulation aimed at safeguarding India’s financial stability amidst global uncertainties. Of this, 511.99 tonnes were stored domestically, while 348.62 tonnes remained overseas, specifically with the Bank of England and the Bank …
