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On March 5, the Rupee settled flat at 82.90 against the U.S. dollar. | Photo Credit: The Hindu The Rupee appreciated seven paise to settle at 82.83 (provisional) against the U.S. dollar on March 6, buoyed by a weak American currency against major rivals overseas and a rally in domestic equities. However, surging crude oil…
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Benchmark Sensex and Nifty recouped from early losses and settled at fresh record high levels in a volatile trade on Wednesday following buying in bank and select IT shares and gains in European markets. The 30-share BSE Sensex jumped 408.86 points or 0.55% to settle at a new record high of 74,085.99. During the day,…
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A view of the Bombay High court. File | Photo Credit: The Hindu “Working journalists do not fall in the definition of employees under the Maharashtra Recognition of Trade Unions and Prevention of Unfair Labour Practices Act as they enjoy a special status,” the Bombay High Court has said. Consequently, a complaint filed by a…
Image for representation only | Photo Credit: PAUL NORONHA Equity benchmark indices traded lower in early trade on Wednesday amid weak trends from the U.S. markets and selling in IT stocks. Extending its previous day’s decline, the 30-share BSE Sensex went lower by 229.04 points to 73,448.09. The Nifty slipped 63.15 points to 22,293.15. Among…
The RBI directive means that a card issuing bank or non-bank can not force the card of any particular network on a customer. | Photo Credit: Reuters The Reserve Bank of India (RBI) has issued directions to card issuers not to enter into any arrangement or agreement with card networks that restrain them from availing…
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The rupee stayed flat at 82.90 against the US dollar in early trade on Wednesday, March 6, 2024, resisting downward pressure from a stronger American currency and volatile crude oil prices in the overseas markets. The local unit was also dragged down by the negative sentiment in the equity markets, however, it found support due…
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Dubai’s Al Khaleej Sugar aims to lift output at its sugar refinery this year, its MD said. File | Photo Credit: The Hindu Dubai’s Al Khaleej Sugar aims to lift output at its sugar refinery this year, with competition from India curtailed by bad weather in the South Asian country, its MD said on Tuesday….
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After the first delivery, Kone India Managing Director Amit Gossain says that they are confident and would be able to offer a world-class product range. Photo: Special Arrangement Kone Elevators India delivered the first escalator from its Sriperumbudur facility to a leading Pune-based real estate firm F5 realtors. Having delivered the first escalator, Kone India intends to…
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The interface of Indian payments app Paytm is seen in front of its logo displayed in this illustration picture. | Photo Credit: FILE PHOTO “Extensive illegal activity” perpetrated by multiple businesses managed by “a syndicate of individuals connected to a foreign state” who cheated lakhs of Indians by offering “fraudulent services including prohibited gambling activities…
A security guard stands next to the logo of Reserve Bank of India in Mumbai. | Photo Credit: Reuters The Reserve Bank of India has directed regulated entity JM Financial Products Ltd. (JMFPL) to cease and desist, with immediate effect, from doing any form of financing against shares and debentures, including sanction and disbursal of…
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