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National Stock Exchange. File. | Photo Credit: REUTERS The National Stock Exchange (NSE) on Thursday said it will introduce derivative contracts on Nifty Next 50 index from April 24. The Nifty Next 50 index represents 50 companies from Nifty 100 after excluding the Nifty 50 companies. In a statement, NSE said it “has received approval…
Read More “NSE to launch derivatives on Nifty Next 50 index from April 24” »
International Monetary Frund Director of the Asia and Pacific Department Krishna Srinivasan holds a press briefing at IMF headquarters during the IMF/World Bank Spring Meetings in Washington, D.C. on April 18, 2024. | Photo Credit: AFP India should focus on investing heavily in education and health to ensure that its growing , young population is…
Read More “India must invest more in education, health to capitalise on demographic dividend: IMF” »
A saleswoman arranges gold necklaces inside a jewellery showroom in Kochi. File | Photo Credit: REUTERS Gold prices fell from an all-time high level and traded lower by ₹250 at ₹73,700 per 10 grams in the national capital on April 18 amid a decline in the yellow metal’s rates in the global markets, according to…
Read More “Gold falls ₹250 to ₹73,700 per 10 grams; silver stays flat” »
Equity benchmark indices Sensex and Nifty faced heavy volatility on April 18 and ended lower, taking their losing streak to the fourth straight session, dragged by bank stocks and foreign fund outflows. Concerns over fading rate cut hopes and persisting FII fund exodus from domestic equities also dampened investors’ sentiment. The 30-share BSE Sensex declined…
Read More “Markets face heavy fluctuations; settle lower taking downtrend to 4th day” »
Image used for representative purpose only. | Photo Credit: REUTERS The rupee rebounded from its all-time low levels and appreciated 6 paise to close at 83.55 (provisional) against the U.S. dollar on Thursday, as the American currency and brent crude oil prices retreated from their elevated levels. At the interbank foreign exchange market, the local…
Read More “Rupee rises 6 paise to close at 83.55 against U.S. dollar” »
Natco Pharma subsidiary in the U.S. is facing a complaint from global healthcare company Fresenius over marketing of Diazepam injection prefilled syringe in the country. “Fresenius Kabi USA, LLC and Fresenius Kabi Deutschland GmbH have filed a complaint against Natco Pharma USA LLC [formerly known as Dash Pharmaceuticals LLC] in the District Court of Delaware…
Image used for representational purpose. | Photo Credit: Reuters The rupee rebounded from its all-time low levels and appreciated 12 paise to 83.49 against the U.S. dollar in early trade on April 18, supported by a firm trend in domestic equities and tracking gains in Asian currencies. Forex traders said the local unit gained ground…
Read More “Rupee rises 12 paise to 83.49 against U.S. dollar in early trade” »
Equity benchmark indices rebounded in early trade on Thursday, April 18, 2024, after falling for the past three days amid a rally in Asian markets along with buying in index majors State Bank of India and Reliance Industries. The 30-share BSE Sensex climbed 310.82 points to 73,254.50 in early trade. The NSE Nifty went up…
Read More “Stock Market Today: Markets rebound in early trade after three days of decline” »
A poll official works on Electronic Voting Machines (EVMs) at a distribution centre in Coimbatore on April 11, 2024, ahead of the country’s upcoming general elections. | Photo Credit: R. SATISH BABU An analysis of economic, social and environmental indicators of Tamil Nadu, which is headed to the national polls this Friday, shows that the…
Read More “Election-bound Tamil Nadu among top States in many socio-economic measures: Data” »
Image used for representative purpose only. | Photo Credit: RAJESH N India’s power consumption grew nearly 10% year-on-year to 70.66 billion units (BU) in the first half of April this year, showing improvement in economic activities and consumption patterns, according to the power ministry data. According to the data, power consumption in the country rose…