Category: Business

Business

Adani starts $1.2 billion copper plant; to boost India’s metal production

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Adani starts .2 billion copper plant; to boost India’s metal production

Billionaire Gautam Adani-led group on March 28 announced the start of the first phase of the world’s largest single-location copper manufacturing plant at Mundra in Gujarat, which will help cut India’s dependence on imports and aid energy transition. Kutch Copper, a subsidiary of group’s flagship firm Adani Enterprises Ltd, “commissioned the first phase” of $1.2…

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Market extend winning momentum for 2nd day running on foreign fund inflows, rally in U.S. equities

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Market extend winning momentum for 2nd day running on foreign fund inflows, rally in U.S. equities

Representational image of share brokers watching stock prices at BSE Sensex and NSE Nifty at Calcutta Stock Exchange in Kolkata | Photo Credit: PTI Benchmark equity indices climbed in early trade on Thursday, extending their previous day’s rally, on foreign fund inflows and positive trend in the U.S. markets. The 30-share BSE Sensex climbed 342.48…

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Rupee turns flat at 83.33 against U.S. dollar in early trade

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Rupee turns flat at 83.33 against U.S. dollar in early trade

Representational image of U.S. dollar notes | Photo Credit: Reuters The rupee turned flat at 83.33 against the U.S. dollar in early trade on Thursday amid a strong American currency and higher crude oil prices. Forex traders said the positive equity markets and inflow of foreign funds resisted the fall in the Indian currency. At…

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Sensex, Nifty rebound on heavy buying in Reliance Industries, HDFC Bank

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Sensex, Nifty rebound on heavy buying in Reliance Industries, HDFC Bank

Benchmark equity indices Sensex and Nifty rebounded sharply on Wednesday following heavy buying in index majors Reliance Industries and HDFC Bank. The 30-share BSE Sensex climbed 526.01 points or 0.73% to settle at 72,996.31. During the day, it jumped 668.43 points or 0.92% to 73,138.73. The NSE Nifty went up by 118.95 points or 0.54%…

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Maharashtra, Uttar Pradesh spearhead India’s post-pandemic growth: SBI report

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Maharashtra, Uttar Pradesh spearhead India’s post-pandemic growth: SBI report

A laborer carries a sack of vegetables in Lucknow, Uttar Pradesh. File photo for representational purpose only. | Photo Credit: AP The Indian economy has demonstrated resilience in the wake of the COVID-19 pandemic, with the average real GDP growth surging to 8.1 per cent, a substantial increase from the 5.7 per cent growth witnessed…

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Sensex, Nifty rebound in early trade led by Reliance Industries

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Sensex, Nifty rebound in early trade led by Reliance Industries

Share brokers watching the movement of stock prices. | Photo Credit: PTI Benchmark equity indices Sensex and Nifty rebounded in early trade on Wednesdauy, March 27, 2024,. supported by buying in index majors Reliance Industries and Maruti. The 30-share BSE Sensex climbed 270.18 points to 72,740.48 in early trade. The NSE Nifty went up by…

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Rupee trades in narrow range against U.S. dollar in early trade

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Rupee trades in narrow range against U.S. dollar in early trade

On Tuesday, the rupee recovered from all-time low levels and appreciated 32 paise to close at 83.29 against the U.S. dollar. File. | Photo Credit: C. Venkatachalapathy The rupee was trading in a narrow range against the U.S. dollar in early trade on March 27, as the support from positive domestic equities was negated by…

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Nirmala Sitharaman and Jairam Ramesh spar over Atal Pension Yojana

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Nirmala Sitharaman and Jairam Ramesh spar over Atal Pension Yojana

Finance Minister Nirmala Sitharaman and Congress general secretary Jairam Ramesh got into a war of words over the Atal Pension Yojana, after Mr. Ramesh termed the scheme “poorly designed”. File | Photo Credit: VENKATACHALAPATHY C Finance Minister Nirmala Sitharaman and Congress general secretary Jairam Ramesh got into a war of words over the Atal Pension…

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Employment scenario in India grim, says ILO report

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Employment scenario in India grim, says ILO report

While India’s large young workforce is a demographic dividend, an ILO report noted that they don’t appear to have the skills to succeed. File | Photo Credit: The Hindu India’s youth account for almost 83% of the unemployed workforce and the share of youngsters with secondary or higher education in the total unemployed youth has almost…

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