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File. | Photo Credit: AFP The rupee appreciated 12 paise to close at 83.19 (provisional) against the U.S. dollar on April 10, as equity benchmarks climbing to all-time high levels and a weak greenback against major currencies overseas boosted investor sentiment. Forex traders said the rising appetite for riskier assets supported the local currency. At…
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From the Sensex basket, ITC, Kotak Mahindra Bank, Bharti Airtel, State Bank of India, Asian Paints, Tech Mahindra, Reliance Industries and Nestle were the major gainers. File. Benchmark Sensex climbed 354 points to close above the record 75,000 mark for the first time while broader Nifty scaled a fresh lifetime high on Wednesday on gains…
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Yoga guru Ramdev (centre) arrives at the Supreme Court for hearing on the Patanjali misleading advertisements case, in New Delhi, on April 10, 2024 | Photo Credit: PTI The Supreme Court on Wednesday refused to accept a second round of apologies from self-styled yoga guru Baba Ramdev, Patanjali Ayurved Limited, and its managing director Acharya…
At the interbank foreign exchange market, the local unit opened at 83.23 against the greenback. It later touched 83.16 in initial trade, registering a rise of 15 paise from its previous close. | Photo Credit: The Hindu The Rupee appreciated 15 paise to 83.16 against the U.S. dollar in early trade on April 10, tracking…
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India imported about 22.20 MT of coal in FY24. File | Photo Credit: AP Twenty coal mines are likely to become operational by the end of this year, a move that will reduce coal imports and help meet rising power demand. Peak power demand in India is likely to cross 400 GW by 2030. According…
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An employee of a stock trading firm in Mumbai looking at a share price. File photo | Photo Credit: The Hindu Benchmark equity indices rebounded in early trade on Wednesday, April 10, 2024 amid the ongoing optimistic trend in equities and buying in largecap stocks. The 30-share BSE Sensex climbed 273.65 points to 74,957.35 in…
Twelve of the 20 new companies which bought electoral bonds were from Hyderabad. | Photo Credit: Akash Dhage/Unsplash Despite companies in existence for less than three years not being allowed to make political contributions — even through the electoral bonds route — data shows that at least 20 such newly incorporated firms purchased poll bonds…
Representational file image. | Photo Credit: AP The global airline industry is facing a summer squeeze, with travel demand expected to surpass pre-pandemic levels while aircraft deliveries drop sharply due to production problems at Boeing and Airbus. Air carriers are spending billions on repairs to keep flying older, less fuel-efficient jets, and paying a premium…
Photovoltaic solar panels in the Pavagada Solar Park in Kyataganacharulu village, Karnataka. | Photo Credit: Getty Images The story so far: Recent government orders on attempts to increase local sourcing of solar modules to support India’s renewables manufacturing ecosystem has been widely reported in the media as ‘import restrictions’. This follows the Ministry of New…
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Surinder Chawla. File photo: paytmbank.com Beleaguered Paytm Payments Bank’s managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on April 9. Mr. Chawla’s resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI. Also read: The Paytm Payments Bank debacle | Explained “Surinder Chawla, Managing Director…
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