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The Centre’s Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has notified the expansion of the Credit Guarantee Scheme for Startups (CGSS) which increases the ceiling on guarantee cover per borrower from Rs 10 crore to Rs 20 crore. The extent of guarantee cover provided has also been increased…
Mutual fund SIP inflows hit all-time high of Rs 26,632 crore in April In April, the systematic investment plan (SIP) contributions hit an all-time high of Rs 26,632 crore, according to Association of Mutual Funds in India’s (AMFI’s) latest data release on Friday, May 9. This marks the highest-ever SIP inflow for any month, the…
Free Trade Agreements (FTAs) are making India more competitive with markets like the United States of America, China and Brazil, said an official of the Commerce Ministry. According to APEDA, in processed food, India will gain ground over the USA, China, and Thailand. We will become more competitive than the USA, China, Thailand, and Vietnam…
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As markets anticipate further escalation in India-Pakistan tensions, Indian equity benchmarks are trading on a cautious note. Towards the market close at around 2:35 pm, the broader Nifty50 benchmark traded weak by over 1 per cent or 298 points at 23,975.5. Amid the crisis, Rs 4 lakh crore market cap has been wiped out in trade…
PSL 2025 Moved To UAE: After the Board of Control for Cricket in India (BCCI) had suspended the ongoing IPL 2025, the Pakistan Cricket Board (PCB) has announced that the remaining fixtures of the ongoing Pakistan Super League (PSL) have been shifted to the United Arab Emirates (UAE). The last eight fixtures of the PSL, which…
Civil flight operations have been closed at seven key airports across Gujarat, after India-Pakistan tension escalated. The temporary shutdown comes under the latest series of Notices to Airmen (NOTAM) aimed at bolstering national defence readiness. The affected airports – Jamnagar, Rajkot (Hirasar), Porbandar, Keshod, Kandla, Bhuj, and Mundra (Adani) – are among 24 Indian airports…
IPL 2025 Suspended: The Board Control of Cricket in India (BCCI) on Friday announced the suspension of the ongoing Indian Premier League(IPL), sources said. The tournament had entered the decisive stage with the Final scheduled for May 25. The development comes on the heels of Thursday night’s unfortunate incident at the Himachal Pradesh Cricket Association (HPCA)…
Delhi Airport Update: Operations to remain normal; flights may get impacted The Delhi Airport announced today that the operations will remain normal while some flight schedules and security processing timings maybe impacted due to evolving airspace conditions. In a post on X, Delhi Airport posted an advisory issued at 12.25 PM today, May 9. The…
Gold prices in Friday’s session (May 9, 2025) traded with modest gains even as India-Pakistan tensions escalated. On the Multi Commodity Exchange (MCX), gold futures for June delivery traded higher by 0.11 per cent or Rs 102 at Rs 96,270 per 10 gm after hitting Silver July futures, on the other hand, dropped 0.26 per cent…
