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India’s dominant services industry grew faster in March 2024 amid strong demand, according to a private business survey that also showed employment increased at the fastest rate in seven months and export business expanded at a record pace. | Photo Credit: The Hindu India’s services sector witnessed one of the strongest growth rates in over…
The rupee witnessed a rebound in early trade on Thursday, April 4, 2024 and appreciated 11 paise to 83.42 against the US dollar, supported by positive domestic equities. Elevated crude oil prices and sustained foreign fund outflows also dented investor sentiments, forex traders said. Moreover, market participants remained cautious ahead of the Reserve Bank’s rate-setting…
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A security guard walks past the logo of the National Stock Exchange (NSE) in Mumbai. File photo | Photo Credit: Reuters Benchmark equity indices rebounded after two consecutive days of fall on Thursday, April 4, 2024, with Sensex and Nifty touching their all-time high levels as investors rushed to value-buying in bellwether stocks ahead of…
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Virgin Atlantic announced its fifth flight to India with a second daily connection between Mumbai and London from October 2024. CEO Shai Weiss said, “We see infinite demand out of India. Why? Because I think only 7% of the population have a passport. The number of trips for every 100 people in India is probably…
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A crude oil refinery. File image for representation. | Photo Credit: AP India, the world’s third biggest oil consumer and importer, plans to build its first commercial crude oil strategic storage as part of efforts to shore up stockpiles as insurance against any supply disruption. Indian Strategic Petroleum Reserves Ltd (ISPRL), a special purpose vehicle…
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Image used for representative purpose only. | Photo Credit: REUTERS The rupee depreciated by 3 paise to close at 83.45 (provisional) against the U.S. dollar on Wednesday, weighed down by elevated crude oil prices in international markets and persistent foreign fund outflows. A muted trend in domestic equities also dented investor sentiments, forex traders said….
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Bombay Stock Exchange (BSE) building. | Photo Credit: REUTERS Equity benchmark indices Sensex and Nifty settled lower for the second straight session on Wednesday due to profit-booking in select banking and auto stocks amid mixed trends from the global markets and outflow of foreign funds. The 30-share BSE Sensex declined by 27.09 points or 0.04%…
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Photo: Facebook/@Haldiram’s The Delhi High Court on April 3 declared that the “Haldiram” mark is a well-known trademark with respect to food items, restaurants and eateriesm not only in India but globally also. “There is no doubt that the ‘Haldiram’s’ brand, with its origins deeply rooted in India’s rich culinary tradition, has not only established…
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Workforce assembling smartphones in an Indian mobile manufacturing unit in Hyderabad. | Photo Credit: Mohammed Yousuf Tamil Nadu, India’s largest exporter of electronic goods in FY23, accounted for 30% of all electronic goods exports from India in FY24. The State is in fact a late bloomer in this sector, with Uttar Pradesh and Karnataka dominating…
The logo of the Adani group on an office in Ahmedabad. Representational image | Photo Credit: Reuters Adani Green Energy Ltd on Wednesday said it has commissioned 2,000 MW of solar capacity at the giant Khavda solar park in Gujarat that has made it the first company in India with over 10,000 MW of renewable…