Stay Connected. Stay Informed.
Business
The problem of high food inflation will be “less severe” in India going ahead, as modern supply chains with diversified sources can help quickly address sudden spikes in prices of specific food items, RBI Monetary Policy Committee (MPC) member Ashima Goyal said on April 25. Stressing that the share of food in the household budget…
Image used for representative purpose only | Photo Credit: Reuters Equity benchmark indices declined in early trade on April 25, giving up their gains of last four days, amid heavy selling in Kotak Mahindra Bank and foreign fund outflows. The 30-share BSE Sensex declined 296.79 points to 73,556.15. The NSE Nifty dipped 97.15 points to…
Read More “Markets decline in early trade; Kotak Mahindra Bank tanks over 12%” »
On April 24, Rupee consolidated in a narrow range and settled two paise lower at 83.33 against the U.S. dollar. | Photo Credit: The Hindu The Rupee depreciated six paise to 83.39 against the U.S. dollar in early trade on April 25, tracking a negative trend in domestic equities and elevated crude oil prices. Forex…
Read More “Rupee falls six paise to 83.39 against U.S. dollar in early trade” »
Image used for representative purpose only. | Photo Credit: X/@SpicesMdh India is inspecting facilities of spice makers MDH and Everest for compliance with quality standards after sales of some of their products were halted in Hong Kong and Singapore for allegedly containing high levels of a cancer-causing pesticide. India’s spices export regulator said it had…
Read More “MDH, Everest masala row: India inspects spice makers over alleged contamination” »
“This quarter was a one-off. We will return to growth in Q1(FY25). The positive outcomes of our positioning as an organisation with scaled expanded capabilities and stronger partnerships continue to reflect in our order inflow and pipeline,” Debashis Chatterjee, Chief Executive Officer and Managing Director of LTIMindtree, said. File | Photo Credit: The Hindu Indian…
JP Morgan Chase CEO Jamie Dimon praised Prime Minister Narendra Modi on April 23, 2024, while speaking at an event hosted by the Economic Club of New York. File | Photo Credit: Reuters Prime Minister Narendra Modi is doing an “unbelievable job” in India by pursuing reforms and taking 400 million people out of poverty…
Read More “JP Morgan CEO praises Modi, says he ‘took 400 million people out of poverty’” »
File. | Photo Credit: K. Pichumani The rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 83.30 against the U.S. dollar on April 24, as the support from positive domestic equities was negated by rising American currency. Forex traders said elevated crude oil prices and significant foreign fund…
Read More “Rupee settles on flat note, up 1 paisa at 83.30 against U.S. dollar” »
The Indian IT services sector is staring at a second consecutive year of muted revenue growth due to modest increase in tech spends in Europe and the US, Crisil Ratings said on April 24. Crisil Ratings said it expects the sector to grow at 5-7% in FY25, after a growth of 6% estimated to have…
Read More “Indian IT sector staring at second straight year of muted revenue growth: Crisil” »
Commuters walk in front of the Bombay Stock Exchange building. File. | Photo Credit: ANI Equity benchmark indices Sensex and Nifty ticked higher for the fourth straight session on April 24, helped by buying in metal and commodity stocks amid a positive trend in global equities. However, intense selling pressure on telecom, IT and tech…
Read More “Sensex, Nifty climb on firm trend in global markets” »
Representational image of a Kotak Mahindra Bank branch in New Delhi | Photo Credit: Reuters The Reserve Bank of India today directed Kotak Mahindra Bank Limited to cease and desist, with immediate effect, from onboarding of new customers through its online and mobile banking channels and issuing fresh credit cards. The bank shall, however, continue…