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Image used for representative purpose only | Photo Credit: Reuters The rupee declined 4 paise to 83.95 against the U.S. dollar in early trade on Tuesday due to a stronger greenback in global markets and weak domestic manufacturing data. A decline in the domestic equity market also contributed to the drop in the local unit,…
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People walk past the Bombay Stock Exchange (BSE) building, in Mumbai. File photo | Photo Credit: PTI Benchmark equity indices declined in early trade on Tuesday (September 3, 2024) due to emergence of profit-taking after a record rally. Weak trends from Asian peers also contributed to the tepid investors’ sentiment in the domestic equity market…
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For representative purposes. | Photo Credit: Getty Images Contrary to popular wisdom, financial markets today are not as efficient as they used to be just a few decades ago, argues billionaire investor and co-founder of AQR Capital Management Clifford S. Asness in his forthcoming paper “The Less-Efficient Market Hypothesis” in the Journal of Portfolio Management….
The Reserve Bank of India (RBI) seal. | Photo Credit: REUTERS The story so far: The Reserve Bank of India (RBI), as part of its strategy to create digital public infrastructure in the country, has announced that a new technology platform called the Unified Lending Interface (ULI) would be introduced by the Reserve Bank Innovation…
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Former Reserve Bank of India (RBI) Deputy Governor Viral Acharya. | Photo Credit: PTI Former RBI deputy Governor Viral Acharya on Monday (September 2, 2024)called for reduction of tariffs and dismantling of conglomerates even as he urged the government to refrain from protectionist policies to allow competition so that “Indian tigers” could emerge as global…
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Iron Ores are seen inside a mine before transportation from Joda-Barbil area of keonjhar district of Odisha | Photo Credit: BISWARANJANROUT Mining major NMDC reported iron ore production for August declined almost 10% year on year and sales by more than 11%. Production of the key raw material for steel stood at 3.07 million tonne…
A general view of the open cast coal field at Topa coal mine in the Ramgarh district in the eastern Indian state of Jharkhand, India. | Photo Credit: Reuters The country’s coal production rose by 6.48% to 384.08 million tonne (MT) in the first five months of the ongoing fiscal. The production was 360.71 MT…
Leading automakers Maruti Suzuki, Hyundai and Tata Motors reported decline in wholesales in August as the companies curtailed vehicle dispatches amid drop in demand and to cut inventories at dealer level. Market leader Maruti Suzuki India said its total domestic passenger vehicle wholesales were at 1,43,075 units last month as compared to 1,56,114 units in…
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Maruti Suzuki Alto K10. | Photo Credit: Bijoy Ghosh Maruti Suzuki India on Monday (September 2024) said it has reduced prices of select variants of entry-level models Alto K10 and S-Presso with immediate effect. The price of S-Presso LXI Petrol has been reduced by ₹2,000 and the price of Alto K10 VXI Petrol has been…
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We expect the rupee to trade with a slight positive bias as domestic markets are trading at fresh record highs with fresh FII inflows. File | Photo Credit: Raghunathan S.R. The rupee declined 7 paise to close at 83.92 (provisional) against the greenback on Monday (September 2, 2024) on disappointing domestic macroeconomic data. However, positive…
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