Category: Business

Business

Markets slump for third day on fears of escalating tensions in Middle East

Posted on By admin
Markets slump for third day on fears of escalating tensions in Middle East

 From the Sensex basket, Infosys, IndusInd Bank, Bajaj Finserv, Wipro, HCL Technologies, Bajaj Finance, Tech Mahindra, Tata Consultancy Services, and Larsen & Toubro were the major laggards. File. | Photo Credit: PTI Equity benchmark indices Sensex and Nifty continued to slump on April 16 dragged down by heavy selling in IT stocks amid weak global…

Read More “Markets slump for third day on fears of escalating tensions in Middle East” »

Business

Rupee falls nine paise to 83.53 against U.S. dollar in early trade

Posted on By admin
Rupee falls nine paise to 83.53 against U.S. dollar in early trade

On April 15, the Rupee declined six paise to settle at 83.44 against the U.S. dollar. | Photo Credit: The Hindu The Rupee depreciated nine paise to 83.53 against the U.S. dollar in early trade on April 16, weighed down by a strong American currency and elevated crude oil prices. Forex traders said a negative…

Read More “Rupee falls nine paise to 83.53 against U.S. dollar in early trade” »

Business

Markets continue to slump on fears of escalating tensions in Middle East

Posted on By admin
Markets continue to slump on fears of escalating tensions in Middle East

Continuing its downtrend for the third day running, the 30-share BSE Sensex tanked 585.63 points to 72,814.15 on April 16, 2024. File | Photo Credit: PTI Equity benchmark indices continued to slump in early trade on April 16 on fears of escalating tensions in the Middle East and weak global trends. Foreign fund outflows and uptick…

Read More “Markets continue to slump on fears of escalating tensions in Middle East” »

Business

TEPA’s IP encroachment: A new barrier to indigenous innovation

Posted on By admin
TEPA’s IP encroachment: A new barrier to indigenous innovation

Representational image of a patent application | Photo Credit: Getty Images India’s free trade agreement (FTA) with Switzerland, Norway, Iceland and Liechtenstein as partners is a completely new architecture. The Trade and Economic Partnership Agreement (TEPA) with the four-nation group known as the European Free Trade Association (EFTA), include provisions on intellectual property (IP) and…

Read More “TEPA’s IP encroachment: A new barrier to indigenous innovation” »

Business

Govt rules out permitting sugar exports this season

Posted on By admin
Govt rules out permitting sugar exports this season

The country’s sugar production crossed 30 million tonne till March of the ongoing 2023-24 season. File. | Photo Credit: K.V.S. Giri The government on April 15 ruled out possibility of allowing sugar exports in the current 2023-24 season ending October, the industry’s persistent demand notwithstanding. Currently, there are curbs on export of sugar for an…

Read More “Govt rules out permitting sugar exports this season” »

Business

Ramkrishna Forgings secures ₹270 crore order for Vande Bharat trains

Posted on By admin
Ramkrishna Forgings secures ₹270 crore order for Vande Bharat trains

Representational file image. | Photo Credit: A.M. FARUQUI Ramkrishna Forgings Ltd on April 15 said it has received an order of ₹270 crore from a consortium led by BHEL to supply bogie frames of Vande Bharat train sets. The scope of the project involves the development and validation of the bogie frames for the sleeper…

Read More “Ramkrishna Forgings secures ₹270 crore order for Vande Bharat trains” »

Business

Ambuja Cements to acquire My Home Group’s grinding unit in Tamil Nadu for ₹413.75 crore

Posted on By admin
Ambuja Cements to acquire My Home Group’s grinding unit in Tamil Nadu for ₹413.75 crore

File. | Photo Credit: Reuters Ambuja Cements on April 15 said it will acquire My Home Group’s cement grinding unit at Tuticorin in Tamil Nadu for a total value of ₹413.75 crore. The company — a part of the Adani Group — has signed a definitive agreement to acquire the cement grinding unit of the…

Read More “Ambuja Cements to acquire My Home Group’s grinding unit in Tamil Nadu for ₹413.75 crore” »

Business

Goods exports hit 12-month high of $41.68 billion in March

Posted on By admin
Goods exports hit 12-month high of .68 billion in March

Photo used for illustration purpose only. | Photo Credit: K.R. Deepak India’s goods exports hit a 12-month high of $41.68 billion in March, although it constituted a 0.67% decline from last year’s tally, while imports dropped 6% to $57.3 billion last month. The goods trade deficit contracted to $15.6 billion in March, the lowest in…

Read More “Goods exports hit 12-month high of $41.68 billion in March” »

Business

Sensex, Nifty tank over 1% on concerns over Middle East conflict, weak global trends; Rupee falls 6 paise

Posted on By admin
Sensex, Nifty tank over 1% on concerns over Middle East conflict, weak global trends; Rupee falls 6 paise

Stock markets took a beating on April 15 with benchmark Sensex and Nifty tumbling over 1% as escalating conflict in the Middle East and weak trends from global markets unnerved investors. Falling for the second session in a row, the 30-share BSE Sensex tanked 845.12 points or 1.14% to settle at a more than two-week…

Read More “Sensex, Nifty tank over 1% on concerns over Middle East conflict, weak global trends; Rupee falls 6 paise” »

Business