Arup Roychoudhury is a Journalist at Deccan Herald. He specializes in finance, financial markets, and business economics, with a keen focus on topics such as the Indian economy, inflation, and trading dynamics. Arup's work has been featured in prominent outlets including moneycontrol.com, Rediff.com India Ltd., Business Standard, and Deccan Herald.
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Bengaluru, India (Local)
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By: Arup Roychoudhury
The 30-share Sensex slumped 1,190.34 points or 1.48% to settle at 79,043.74. During the day, it had dropped as much as 1.63%. The wealth of investors on the Sensex fell by Rs 1.5 lakh crore. Meanwhile, the 50-share NSE Nifty fell 360.75 points or 1.49% to 23,914.15.
By: Arup Roychoudhury
Das went on to be the second-longest serving RBI Governor, and the longest serving chief post-liberalisation.
While high levels of NPAs due to indiscriminate corporate lending do not pose a problem anymore, the central bank has a worry in unsecured retail lending.
The India VIX Volatility Index rose more than 3% on Tuesday after jumping up 10% on Monday, indicating continued uncertainty in the markets.
By: Arup Roychoudhury
Forex reserves dip to 6-month low as RBI continues forex market intervention
By: Gyanendra Keshri
The Prime Minister also sought their opinion for the Union Budget 2025-26, which is scheduled to be presented on February 1.
Starting from his first budget in 1991, Singh changed the course of Indian history. He abolished export subsidies, ended the monopoly of state-owned trading companies, overhauled industrial policies by ending licensing for most sectors and opening up 34 sectors for foreign investment.
By: Arup Roychoudhury
Sensex investors have become richer by Rs 8.5L cr in two days Bengaluru: Leaving behind the bearish sentiments of end-2024, the benchmark
A depreciating rupee and weak trend in Asian markets further weighed on sentiment.
To add to the subdued investor sentiment, the benchmark indices Sensex and Nifty fell 1.36% and 1.47% respectively on the back of a global selloff in stocks and amid signals of fewer rate cuts by the US Federal Reserve.
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