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Nifty hits fresh all-time high; Sensex climbs 150 points

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Nifty hits fresh all-time high; Sensex climbs 150 points

Benchmark equity indices ended higher on Wednesday, with the Nifty hitting its fresh record closing level, mainly due to buying in power, capital goods and industrial stocks amid a largely positive trend in global equities. Besides, a heavy rush on select index-heavyweight counters like HDFC Bank and Reliance Industries boosted investors’ sentiment, traders said. In…

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Rupee rises 3 paise to close at 83.56 against U.S. dollar

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Rupee rises 3 paise to close at 83.56 against U.S. dollar

At the interbank foreign exchange market, the local unit opened at 83.56.  | Photo Credit: REUTERS Rupee appreciated 3 paise to close at 83.56 (provisional) against the U.S. dollar on Wednesday, on positive domestic market, wherein benchmark sensitive index Nifty touched a fresh all-time high. Forex traders said rupee is trading in a narrow range…

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U.S. Federal Reserve likely to scale back plans for rate cuts because of persistent inflation

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U.S. Federal Reserve likely to scale back plans for rate cuts because of persistent inflation

Representational image of the seal of the Board of Governors of the United States Federal Reserve System | Photo Credit: AP United States Federal Reserve officials will likely make official what’s been clear for many weeks: With inflation sticking at a level above their 2% target, they are downgrading their outlook for interest rate cuts….

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ACT Fibernet adds cities in A.P., NCR, as home broadband growth outpaces telecom

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ACT Fibernet adds cities in A.P., NCR, as home broadband growth outpaces telecom

ACT Fibernet is now available in 30 cities and towns. Photo: X/@ACTFibernet Home internet provider ACT Fibernet announced on June 12 that it was expanding service to more towns and neighbouring districts of existing markets. In Andhra Pradesh, the Class-A internet service provider (ISP) said it has launched services in Machilipatnam (expanding from existing market Guntur),…

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Business

India ranks 129 on Global Gender Gap index; Iceland on top: WEF

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India ranks 129 on Global Gender Gap index; Iceland on top: WEF

The World Economic Forum said India’s economic parity score has trended upwards for the past four years. | Photo Credit: AFP India has slipped two places on the World Economic Forum’s (WEF) Global Gender Gap index to 129th place, while Iceland retained its top position in the rankings published on June 12. Within South Asia,…

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Business

Banks association to ask RBI not to raise provisioning for infrastructure project loans, sources say

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Banks association to ask RBI not to raise provisioning for infrastructure project loans, sources say

The RBI, in a recent proposal, asked banks and NBFCs to set aside a provision of 5% of the total loan amount of infrastructure projects at the construction phase. File | Photo Credit: Reuters The Indian Banks’ Association (IBA) will ask the Reserve Bank of India (RBI) to keep provisioning for infrastructure project loans unchanged…

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Business

Nifty hits new all-time high level; Sensex jumps nearly 600 points

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Nifty hits new all-time high level; Sensex jumps nearly 600 points

Image used for representative purpose only. File. | Photo Credit: Reuters Benchmark equity indices climbed on June 12, with the Nifty hitting its fresh record high level and Sensex climbing nearly 600 points, amid buying in market blue-chip stocks HDFC Bank and Reliance Industries. Buying in IT stocks also propelled the rally in the markets….

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Rupee rises 5 paise to 83.54 against U.S. dollar in early trade

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Rupee rises 5 paise to 83.54 against U.S. dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.56 and gained further to trade at 83.54 against the greenback in initial deals. File. | Photo Credit: Reuters The rupee appreciated 5 paise to 83.54 against the U.S. dollar in early trade on June 12, boosted by positive sentiments in the domestic equity…

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New portable atomic clock offers very accurate timekeeping at sea

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New portable atomic clock offers very accurate timekeeping at sea

Atomic clocks are the backbone of the Global Positioning System (GPS), the network of satellites above the earth that we use every day to navigate cities, respond to emergencies, and organise military operations, among other things. Despite being one of the most accurate timekeeping methods, however, there is still room for improvement. Scientists today are…

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Science

Indian tyre exports register sharp recovery in second half of last fiscal

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Indian tyre exports register sharp recovery in second half of last fiscal

Tyre exports from India made a sharp recovery in the second half of 2023-24 fiscal and went up by 12% in value terms compared to the same period during the previous fiscal, according to data recently released by the Ministry of Commerce. In the first, tyre exports were severely impacted by falling demand in view…

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