NSE IPO Sparks Rally, EPFO Plans UPI Withdrawals & Gold Imports Plunge | Business Today
The Business Today Show with Sakshi Batra highlights the latest developments in the corporate and financial sectors. Indian markets traded cautiously after a four-session winning
The Business Today Show with Sakshi Batra highlights the latest developments in the corporate and financial sectors. Indian markets traded cautiously after a four-session winning streak, with the Sensex hovering around 77,350 and the Nifty holding above 24,100. The Stock Exchange filing its DRHP papers for India's biggest-ever IPO sparked a rally in shareholder stocks like New India Assurance, IFCI, and SBI.
Meanwhile, the Labour Ministry is in the final stages of rolling out a new digital system allowing EPFO subscribers to withdraw funds using UPI apps and ATM cards. In commodities, gold imports fell by 70 percent following a 15 percent duty hike and Prime Minister Modi's austerity appeal. Additionally, the government and oil marketing companies are exploring a national reserve policy to increase crude oil storage capacity from 75 days to up to 150 days.
In corporate news, Bata India shares surged 17 percent after appointing former Nike executive Sanjay Rao as its new Managing Director and CEO. Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you'll never miss a new video. All you need to do is PRESS THE BELL ICON next to the Subscribe button!
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