Category: Business

Business

Sensex, Nifty Continue To Plunge For 6th Consecutive Day

October 26, 2023 admin

The 30-share BSE Sensex plunged 502.5 points to 63,546.56. Mumbai: Equity benchmark indices declined in early trade on Thursday, continuing their weak momentum, amid negative trend in global markets and fresh foreign fund outflows. The 30-share BSE Sensex plunged 502.5 points to 63,546.56. The Nifty fell 159.55 points to 18,962.60. Among the Sensex firms, Tech…

Business

Rupee falls 6 paise to 83.23 against U.S. dollar in early trade

October 26, 2023 admin

The rupee stayed on downward track for the third consecutive session and depreciated by 6 paise to 83.23 against the U.S. dollar | Photo Credit: SUDERSHAN V The rupee stayed on downward track for the third consecutive session and depreciated by 6 paise to 83.23 against the U.S. dollar in early trade on Thursday, tracking…

Business

How a climate-proofed MSME sector can drive Tamil Nadu’s EV leadership

October 26, 2023 admin

Tackling risk: As traditional internal combustion engine manufacturers transition to EVs, a significant share of MSMEs could be at risk of losing business. Image for representation only | Photo Credit: KVS Giri Tamil Nadu is gearing up to be a global electric vehicle (EV) manufacturing hub, with the government seeking to attract ₹50,000 crore in investments…

Business

How big is the gender gap in earnings?

October 25, 2023 admin

The story so far: The Periodic Labour Force Surveys (PLFS) have been monitoring the gender earnings gap across various forms of employment from April-June 2019 to 2023. This latest round has introduced a crucial focus on weekly hours worked, revealing that the inequality in total earnings might not capture the full picture. Women, on average, work…

Business

Tech Mahindra FY24 Q2 net declines more than 60%

October 25, 2023 admin

Tech Mahindra posted a 61% decline in net profit at ₹505.3 crore in the second-quarter of FY24, as against a net profit of ₹1,299.2 crore in the corresponding period last year. The last two quarters were the most difficult driven by slowing demand in telecom and communications segments and delays in deal cycles, said the tech…

Business

Pulses a worry even as kharif grain output may rise 1.5-4%

October 25, 2023 admin

Output of pulses, some coarse cereals and the key oilseed – groundnut could hit a three-year low this kharif season, as per initial independent estimates for crop output, even as overall foodgrains production is likely to rise thanks to higher rice and cereals output. Though this monsoon season yielded 6% below normal rainfall, after…

Business

Rupee falls 2 paise to 83.18 against U.S. dollar

October 25, 2023 admin

On Monday, the rupee closed 4 paise lower at 83.16 against the U.S. dollar. | Photo Credit: R. Ragu The rupee paired its early gains and settled 2 paise lower at 83.18 (provisional) against the U.S. dollar on Wednesday, tracking negative cues from domestic equity markets and a stronger American currency overseas. Softening crude oil…

Business

Sensex, Nifty tumble nearly 1%; extend falling streak to fifth day

October 25, 2023 admin

Representational image. | Photo Credit: PTI Benchmark equity indices Sensex and Nifty plunged nearly 1% on Wednesday, in continuation with the pessimistic trend amid the ongoing tensions in the Middle East. Falling for the fifth day running, the 30-share BSE Sensex tanked 522.82 points or 0.81% to settle at 64,049.06. During the day, it dropped…

Business

Cabinet approves ₹22,303 cr subsidy on P&K fertilisers for Rabi crop season

October 25, 2023 admin

Union Minister Anurag Thakur addresses the media during cabinet briefing, in New Delhi, on October 25, 2023. | Photo Credit: Sushil Kumar Verma The Union Cabinet on Wednesday approved a ₹22,303 crore subsidy on P&K fertilisers for the current Rabi season to ensure farmers continue to get soil nutrients at reasonable rates despite high global…

Business