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Image used for representative purpose only. | Photo Credit: Reuters Rupee declined 11 paise to 83.69 against the U.S. dollar in early trade on Thursday amid a strengthening dollar against overseas currencies and an increase in crude oil prices. FIIs turning net sellers on Wednesday put further pressure on the domestic currency against the greenback,…
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Trade ministers of India and Australia held parleys on Wednesday to assess the progress on negotiations towards a full-fledged free trade deal, about 20 months since an early harvest bilateral pact called the Economic Cooperation and Trade Agreement (ECTA) came into effect. Commerce and Industry Minister Piyush Goyal, who co-chaired a meeting of the India-Australia…
A man walks past the new logo of the Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: Reuters Benchmark Sensex closed above the 85,000 level for the first time while Nifty settled at a fresh lifetime high on Wednesday (September 25, 2024) as fag-end buying in banking and power shares helped stock…
Read More “Sensex settles above record 85,000 level, Nifty scales 26,000 mount on fag-end buying” »
At the interbank foreign exchange, the local unit opened slightly strong at 83.59 against the American currency. File | Photo Credit: Reuters The rupee appreciated 3 paise to close at 83.60 (provisional) against the U.S. dollar on Wednesday (September 25, 2024), tracking a positive trend in domestic equities and a weak greenback against major currencies…
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Indian twenty rupee currency notes are displayed at a roadside currency exchange stall in New Delhi. | Photo Credit: REUTERS The rupee appreciated 10 paise to 83.53 against the U.S. dollar in early trade on Wednesday (September 25, 2024), on the overall dollar weakness in the overseas market. Forex traders said the U.S. dollar has…
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Representational image of a Hyundai car at a showroom in Delhi. | Photo Credit: Reuters Hyundai Motor India has obtained approval for its initial public offering from the Securities and Exchange Board of India (SEBI), according to two sources familiar with the situation. The South Korean automaker plans to raise $3 billion at a roughly…
People walk past the Bombay Stock Exchange (BSE) building, in Mumbai. | Photo Credit: PTI Equity benchmark indices declined in early trade on Wednesday (September 25, 2024) amid profit-taking as investors preferred to stay on the sidelines after a record rally and ahead of the monthly derivatives expiry. The 30-share BSE Sensex dropped 171 points…
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Image for representational purposes only. The ADB on Wednesday (September 25, 2024) said that the economy is expected to accelerate in the coming quarters on improved farm output. | Photo Credit: NAGARA GOPAL The Asian Development Bank (ADB) on Wednesday (September 25, 2024) retained India’s growth forecast for the current fiscal at 7% and said…
Read More “ADB retains India’s growth forecast at 7%; govt spending, agriculture to boost economy” »
After telecom operators, Scindia met telecom equipment makers including Dixon Technologies, Nokia, Ericsson, Sterlite Technologies and VVDN [File] | Photo Credit: REUTERS Telecom operators in a meeting with Union Minister Jyotiraditya Scindia expressed concerns over regulator Trai excluding messaging and calling apps like WhatsApp and Telegram in its recommendation on new licensing rules, sources aware…
Photo used for representation purpose only. | Photo Credit: Getty Image/iStockphoto The Periodic Labour Force Survey (PLFS) for the period between July 2023 and June 2024, released by the Labour Bureau on Monday (September 23, 2024), reported no major change in the unemployment rate, and there is minor increase in the distribution of workers in…
Read More “Unemployment rate stagnant, reveals government survey” »
