Stay Connected. Stay Informed.
Business
File image. | Photo Credit: VIJAY SONEJI The Adani Group has reacted to the alleged ‘cash for question’ in the Parliament about the Group raised by a BJP parliamentarian against TMC MP Mahua Moitra, saying this development corroborates the conglomerate’s recent statement where it said that “some groups and individuals have been working overtime to…
Gold price plunged ₹350 to ₹60,150 per 10 grams in the national capital on Monday amid weak cues in international markets, according to HDFC Securities. The precious metal had closed at ₹60,500 per 10 grams in the previous trade. Silver also declined ₹300 to ₹74,000 per kg. In the global markets, both gold and silver…
In September 2023, 25% of the respondents said their income levels had improved compared to a year ago — the highest for any September after 2018. A relatively high share of urban consumers entered the 2023 festival season with more confidence than seven years ago. The conclusion is based on the September 2023 edition of…
Read More “Festive cheer: Urban consumer confidence at seven-year peak | Data” »
Inflation in food articles eased to 3.35 per cent in September. (Representational) New Delhi: Wholesale inflation remained in the negative territory for the sixth straight month in September at (-) 0.26 per cent on easing prices of food items, especially vegetables. The wholesale price index (WPI)-based inflation rate has been in the negative since April…
Read More “Wholesale Inflation Stays In Negative For 6th Month At -0.26% In September” »
File. | Photo Credit: Arunangsu Roy Chowdhury Benchmark equity indices ended lower on October 16, falling for the third day running, amid weak trends in global markets and spike in Brent crude oil prices due to geopolitical tension in the Middle East. The 30-share BSE Sensex declined 115.81 points or 0.17% to settle at 66,166.93….
Read More “Markets fall for third day on weak global equities, spike in Brent crude oil prices” »
India’s wholesale prices stayed in deflationary mode for the sixth month in a row this September, albeit only fractionally with inflation at -0.26% compared to -0.52% in August, according to government data released on October 16. | Photo Credit: SUSHIL KUMAR VERMA India’s wholesale prices stayed in deflationary mode for the sixth month in a…
Read More “Wholesale inflation remains in negative for sixth month at -0.26% in September” »
Fresh investment announcements in the July-to-September quarter, the second quarter of 2023-24, have dropped to ₹6.9 lakh crore. File | Photo Credit: REUTERS Fresh investment announcements in the July-to-September quarter, the second quarter of 2023-24, have dropped to ₹6.9 lakh crore, 13% lower than the first quarter, and 21.5% down from a year ago, driven…
Fresh investment announcements in the July-to-September quarter, the second quarter of 2023-24, have dropped to ₹6.9 lakh crore. File | Photo Credit: Reuters Fresh investment announcements in the July-to-September quarter, the second quarter of 2023-24, have dropped to ₹6.9 lakh crore, 13% lower than the first quarter, and 21.5% down from a year ago, driven…
Read More “New investment slowed again in Q2 of FY24, drops by 13%” »
Reliance Industries remained the country’s most valued firm. File | Photo Credit: REUTERS The combined market valuation of six of the top 10 valued firms jumped ₹70,527.11 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer. While Hindustan Unilever Ltd, Bharti Airtel, ITC, ICICI Bank and HDFC Bank were the gainers,…
Read More “Mcap of six of top 10 firms jumps ₹70,527.11 crore; Reliance Industries biggest gainer” »
Considering the faster adoption of drones for various applications, especially for agri, consumer-related and the Central Government’s policies for encouraging the manufacturing of unmanned areal vehicles (UAVs), India would soon become a global drone hub and serious players like Garuda Aerospace would drive this growth, said Agnishwar Jayaprakash, Founder & CEO, Garuda Aerospace in an…
Read More “India will be global player in drones: Garuda Aerospace” »