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Stock market today: Nifty50 opens flat; BSE Sensex near 84,600

Analysts indicate that developments in Indo-US trade negotiations and improving domestic corporate performance could restore market confidence. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Wednesday. While Nifty50 was below 25,900, BSE Sensex was near 84,600. At 9:18 AM, Nifty50 was at 25,886.35, down…

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8th Pay Commission: How much will your salary, pension increase? Check for fitment factor of 2.15, 2.57 or 2.86

Central government employees and pensioners are eagerly awaiting clarity on their revised salaries and pensions after the formation of the 8th Pay Commission. The panel, chaired by Ranjana Prakash Desai, is expected to finalise a fitment factor and submit its recommendations to the Centre. Once the government approves, the revised pay structure will come into…

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Delhi: 5 pharmacists, 2 others suspended over lapses in drug procurement | India News

NEW DELHI: Five pharmacists and two officials were suspended with immediate effect after an enquiry found serious irregularities in the functioning of stores of the Central Procurement Agency (CPA), Delhi chief minister’s office said on Saturday.According to Rekha Gupta’s office, the action was taken after an enquiry substantiated allegations of lapses in the procurement, storage…

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RBI’s net short forward position hits record $106.6 billion amid rupee pressure

The rupee had slipped to a record low of 96.96 against the US dollar on May 20. According to market participants, repeated RBI intervention prevented the currency from breaching the psychologically important 97-per-dollar mark. After sustained intervention by the Reserve Bank of India’s (RBI) to support the rupee during a period of heightened volatility triggered…

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