Category: Business

Business

‘Tata Motors on track to sell 1,00,000 e-passenger cars in FY24’

October 10, 2023 admin

Tata Passenger Electric Mobility, Head Marketing, Sales and Service Strategy, Vivek Srivatsa says that EVs are the future and the company is creating charging infrastructure to boost sales Tata Motors Ltd., (TML) is on-track to sell about 1,00,000 electric passenger cars during the current fiscal year, according to Vivek Srivastava, Head Marketing, Sales and Service…

Business

Explained | What were Claudia Goldin’s observations about female participation in the labour force which earned her the Nobel Prize?

October 10, 2023 admin

The story so far: On Monday, the Royal Swedish Academy of Sciences announced that the Sveriges Riksbank Prize in Economic Sciences for 2023 was being awarded to Harvard University Professor Claudia Goldin for “having advanced our understanding of women’s labour market outcomes”. Her work, it said, is the “first comprehensive account of women’s earning and labour…

Business

India’s crude steel output grows to 70 MT in Apr-Sep; trend to continue: SteelMint

October 10, 2023 admin

File picture of a man works inside a steel factory at Ludhiana | Photo Credit: Reuters India’s crude steel production rose 14.7% to 69.65 million tonne (MT) during April-September period of 2023-24 fiscal year, according to SteelMint India. The steel output in the year-ago period was 61.06 MT, the market research firm said. The increase…

Business

Sensex, Nifty rise in early trade

October 10, 2023 admin

Image for representation | Photo Credit: Reuters Domestic equities jumped in early trade on Tuesday, with the benchmark Sensex surging more than 300 points, mainly due to positive trends in the Asian market. A day after witnessing a sharp slump, both Sensex and Nifty gained significantly despite concerns over the Israel-Hamas conflict that has also…

Business

Rupee rises 4 paise to 83.24 against US dollar in early trade

October 10, 2023 admin

The rupee rose 4 paise to 83.24 against the US dollar in early trade on Tuesday, helped by positive equity market trends even as concerns remained over the conflict in the Middle East. At the interbank foreign exchange, the rupee opened at 83.23 and stayed in the narrow range of 83.23 and 83.25 against the…

Business

International travel from India lags behind 2019 levels as foreign carriers hold back

October 10, 2023 admin

IndiGo and Tata Sons-owned Air India are expanding their international footprint aggressively, yet passengers who flew to and from overseas this summer lagged behind 2019 levels as foreign carriers including the big Gulf players are yet to bring back their pre-Covid aircraft capacity. From April to June in 2023, IndiGo ferried a total of 27.3…

Business

Israel-Hamas Conflict Sparks Concerns of Oil Price Surge: Impact on India’s Economy Explored

October 9, 2023 admin

Oil pump jack is seen in front of displayed Israeli flag in this illustration taken, October 8, 2023. | Photo Credit: Reuters A protracted Israel-Hamas conflict could spur oil prices beyond India’s comfort zone and even if the government holds retail fuel prices ahead of critical elections, wholesale prices may spike and a higher import…

Business

Rupee settles flat against U.S. dollar

October 9, 2023 admin

The rupee settled flat at 83.27 against the U.S. dollar | Photo Credit: SUDERSHAN V The rupee settled flat at 83.27 against the U.S. dollar amid a weak trend in domestic equities and surging crude oil prices in the international markets. Forex traders said the safe-haven dollar gained ground amidst heightened concerns in the Middle…

Business

Sensex slumps nearly 500 points amid escalating tensions in Middle East

October 9, 2023 admin

Image used for representational purpose. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty tumbled nearly 1% on October 9 as investors offloaded finance, utility and energy stocks amid escalating tensions in the Middle East and surging crude oil prices overseas. Investors stayed on the sidelines and refrained from taking big risks amid huge…

Business

Prepared with business continuity plan for Haifa port in Israel: Adani Ports

October 9, 2023 admin

Adani Ports and SEZ Ltd. runs the Haifa Port in north Israel. File | Photo Credit: AP Adani Ports and SEZ Ltd. which runs the Haifa Port in Israel, said it is closely monitoring the action on ground which is concentrated in south Israel, whereas Haifa port is situated in the north. “We have taken…

Business