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The PM Internship Scheme aims to provide internship opportunities to one crore youth in 500 top CSR spend companies in the next five years. Representational file image. | Photo Credit: Reuters The Confederation of Indian Industry (CII) on Tuesday (October 1, 2024) said it is working closely with the Ministry of Corporate Affairs (MCA) to…
Read More “Working with MCA to roll out PM Internship Scheme: CII” »
As per the NSSO sample surveys, manufacturing employment has declined from 12.6% in 2011-12 to 11.4% in 2022-23. | Photo Credit: Udit Kulshrestha On September 25, 2014, the newly elected Union government initiated the Make in India (MI) policy with two objectives: (i) to raise the manufacturing sector’s share in GDP to 25% (from 14%-15%),…
Image used for representative purpose only | Photo Credit: Reuters Capital markets regulator SEBI is expected to take measures regarding the Futures and Options (F&O) segment very soon, in a bid to enhance investor protection, its senior official said on Tuesday (October 1, 2024). In addition, SEBI has urged the government to introduce tax breaks…
Read More “SEBI to take measure for F&O segment soon; calls for tax breaks on municipal bonds” »
Maruti Suzuki, Hyundai and Tata Motors reported a decline in wholesales in September as the companies curtailed dispatches to dealers to reduce inventory build-up amid a decline in demand. Maruti Suzuki India reported a 4% dip in total domestic passenger vehicle wholesales last month to 1,44,962 units compared to 1,50,812 units in the year-ago month….
Read More “Maruti, Hyundai, Tata Motors report decline in wholesales in September” »
A worker walks past the logo of Reserve Bank of India inside its office in New Delhi. File | Photo Credit: Reuters The Central government, on Tuesday (October 1, 2024), appointed new monetary policy committee members with immediate effect. The new members are Ram Singh, Saugata Bhattacharya and Nagesh Kumar. They have been appointed by…
Read More “Government picks three new members to join RBI’s Monetary Policy Committee” »
Photo used for representation purpose only. Growth in India’s Gross Goods and Services Tax (GST) collections slumped to a 40-month low of 6.5% in September, yielding revenues of ₹1,73,240 crore, about 1% lower than the tally in August. Net GST receipts, after adjusting for refunds made to taxpayers, were 3.9% higher than a year ago,…
Read More “GST collections hit a 40-month low in September 2024” »
The dollar index, which measures the dollar’s strength against a basket of six currencies, increased by 0.27% to reach 100.79. File | Photo Credit: Nagara Gopal The rupee stayed in a narrow range and settled 3 paise lower at 83.82 (provisional) against the U.S. dollar on Tuesday (October 1, 2024) amid subdued equity markets, unabated…
Read More “Rupee settles 3 paise lower at 83.82 against U.S. dollar in range-bound trade” »
According to exchange data, equities worth ₹9,791.93 crore were sold by FIIs on Monday, September 30, 2024, while Domestic Institutional Investors DIIs purchased equities valued at ₹6,645.80 crore. File | Photo Credit: Reuters Benchmark indices Sensex and Nifty edged lower on Tuesday (October 1, 2024), extending the losing run to the third day amid profit-taking…
Read More “Stock markets settle flat in highly volatile trade; oil & gas, FMCG shares major drag” »
Air India Express-AIX Connect merger completed. File | Photo Credit: G. Ramakrishna Aviation Regulator DGCA on Tuesday (October 1, 2024) said the merger of AIX Connect with Air India Express has been completed that sets a new benchmark for future airline consolidation in the country. The Directorate General of Civil Aviation (DGCA) has granted the…
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Image for representation | Photo Credit: istock.com The rupee fell 2 paise to 83.81 against the U.S. dollar in early trade on Tuesday (October 1, 2024), tracking massive outflow of foreign funds amid volatile global markets. Forex traders said a strengthening American currency weighed down the Indian unit against major rivals, though retreating crude oil…
Read More “Rupee falls 2 paise to 83.81 against U.S. dollar in early trade” »
