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  • Rupee trades in narrow range against U.S. dollar in early trade
    Rupee trades in narrow range against U.S. dollar in early trade Business
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Month: June 2024

G7 drops summit commitment to abortion access: draft statement

Posted on June 14, 2024 By admin
G7 drops summit commitment to abortion access: draft statement

A woman takes a photo with flags, on the second day of the G7 summit, at the Borgo Egnazia resort, in Savelletri, Italy on July 14, 2024. | Photo Credit: Reuters G7 leaders have dropped an explicit commitment to abortion rights in their final statement from a summit, according to a draft seen by AFP…

Read More “G7 drops summit commitment to abortion access: draft statement” »

World

Sensex, Nifty hit fresh lifetime highs on buying in blue-chips HDFC Bank, Reliance

Posted on June 14, 2024 By admin
Sensex, Nifty hit fresh lifetime highs on buying in blue-chips HDFC Bank, Reliance

Benchmark equity indices Sensex and Nifty hit their new closing lifetime highs on Friday, following buying in market heavyweights HDFC Bank, Reliance Industries and Mahindra & Mahindra amid encouraging export data. However, foreign capital outflows amid lack of fresh triggers capped sharp gains, traders said. Rising for the third straight session, the 30-share BSE Sensex…

Read More “Sensex, Nifty hit fresh lifetime highs on buying in blue-chips HDFC Bank, Reliance” »

Business

South African President Ramaphosa seems set for reelection after key party says it will back him

Posted on June 14, 2024 By admin
South African President Ramaphosa seems set for reelection after key party says it will back him

South African President Cyril Ramaphosa . File | Photo Credit: REuters The leader of South Africa’s second biggest party says it will back Cyril Ramaphosa for president, almost guaranteeing he will be re-elected for a second term in Parliament later on June 14. Democratic Alliance leader John Steenhuisen says his party has formally signed a…

Read More “South African President Ramaphosa seems set for reelection after key party says it will back him” »

Business

Vodafone plans to sell $2.3 billion stake in Indus Towers, sources say

Posted on June 14, 2024 By admin
Vodafone plans to sell .3 billion stake in Indus Towers, sources say

A man walks across the LED display board showing the logo of Vodafone-Idea. File Photo | Photo Credit: REUTERS Vodafone Group is looking to sell its entire $2.3 billion stake in Indus Towers through stock market block deals next week, two sources with direct knowledge said, as part of the British firm’s effort to repay…

Read More “Vodafone plans to sell $2.3 billion stake in Indus Towers, sources say” »

Business

Trump turns 78, spotlighting age as central issue in 2024 race

Posted on June 14, 2024 By admin
Trump turns 78, spotlighting age as central issue in 2024 race

Former U.S. President Donald Trump and U.S. President Joe Biden. File Photo | Photo Credit: Reuters Donald Trump turns 78 on Friday, a milestone that will remind voters that the two major-party candidates running for U.S. president this year are the oldest ever to seek the office. Age and mental sharpness have been at the…

Read More “Trump turns 78, spotlighting age as central issue in 2024 race” »

World

Rupee falls 2 paise to close at 83.56 against U.S. dollar

Posted on June 14, 2024 By admin
Rupee falls 2 paise to close at 83.56 against U.S. dollar

The rupee consolidated in a narrow range and settled 2 paise lower at 83.56 (provisional) against U.S. dollar on Friday, as positive domestic markets and a decline in crude oil prices supported the rupee, while strong U.S. Dollar and FII outflows capped sharp gains. Forex traders said rupee was seen resilient against the dollar, on…

Read More “Rupee falls 2 paise to close at 83.56 against U.S. dollar” »

Business

NSE chief cautions retail investors against derivatives trading

Posted on June 14, 2024 By admin
NSE chief cautions retail investors against derivatives trading

Representational image of the National Stock Exchange (NSE) logo outside the head office | Photo Credit: Reuters National Stock Exchange (NSE) chief Ashishkumar Chauhan on Friday cautioned retail investors against trading in derivatives and suggested them to invest in equities through mutual fund route. He emphasized that trading in Futures & Options (F&O) derivatives should…

Read More “NSE chief cautions retail investors against derivatives trading” »

Business

Colruyt Group India commits ₹15 cr investment in Pavestone Tech Fund

Posted on June 14, 2024 By admin
Colruyt Group India commits ₹15 cr investment in Pavestone Tech Fund

Colruyt Group India Managing Director Hari Subramanian | Photo Credit: Arrangement Colruyt Group India has committed ₹15 crore investment in SEBI-registered AIF Pavestone Technology Fund that is targetting a corpus of ₹900 crore. This is the company’s second investment and the first investment was in pi Ventures in 2023. The company is a part of the…

Read More “Colruyt Group India commits ₹15 cr investment in Pavestone Tech Fund” »

Business

Iran expands nuclear capacities; faces criticism: IAEA

Posted on June 14, 2024 By admin
Iran expands nuclear capacities; faces criticism: IAEA

File picture of the International Atomic Energy Agency flag at the organisation’s headquarters in Vienna, Austria | Photo Credit: AP Iran has started up new cascades of advanced centrifuges and plans to install others in the coming weeks after facing criticism over its nuclear programme, the United Nations’ atomic watchdog said Friday. The U.S. called…

Read More “Iran expands nuclear capacities; faces criticism: IAEA” »

World

Exports grew 9%, but trade gap widened to 7-month high in May

Posted on June 14, 2024 By admin
Exports grew 9%, but trade gap widened to 7-month high in May

The textile sector grew 9.8% in May, after months of sluggishness. File | Photo Credit: M. Periasamy India’s goods exports grew 9.1% to $38.13 billion in May, while imports rose 7.7% to $61.91 billion, Commerce Secretary Sunil Barthwal said on Friday, stressing that things are looking “more optimistic for foreign trade this year”. Even the…

Read More “Exports grew 9%, but trade gap widened to 7-month high in May” »

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