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The Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: REUTERS Equity benchmark indices ended lower on Wednesday, extending their previous day’s fall, due to unabated foreign fund outflows and weak trends in the U.S. and Asian markets. The 30-share BSE Sensex went lower by 286.06 points, or 0.44%, to settle at 65,226.04….
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Representational image of a worker unloading LPG cylinders | Photo Credit: PICHUMANI K The Centre has increased subsidy for cooking gas cylinders for poor to ₹300 per unit from ₹200 announced in August, Information Minister Anurag Thakur said on Wednesday. In August, the government reduced the price by ₹200 on a 14.2-kg cooking gas cylinder…
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A money lender counts Indian rupee currency notes at his shop in Ahmedabad. File | Photo Credit: REUTERS The rupee depreciated 3 paise to settle at 83.23 (provisional) against the U.S. dollar on Wednesday, as a muted trend in domestic equities and sustained foreign fund outflows weighed on investor sentiments. Forex traders said the strength…
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Chandigarh: Punjab excise collections have increased by a whopping 37% in the past financial year, Chief Minister Bhagwant Mann has told Governor Banwarilal Purohit, detailing the sustained growth in revenue under the AAP government. Goods and Services Tax (GST) collections have increased 16.6%, vehicle tax collection 13%, stamps and registration collection 28%, Mr Mann said…
Superdry’s shares jumped 18% to a near two-month high on Wednesday. Bengaluru: Reliance Retail, India’s largest retailer, will buy UK-based Superdry’s licenses and brand assets in three Asian countries for 40 million pounds ($48 million), expanding its tie-ups with foreign brands and giving the struggling UK fashion retailer much-needed funds. Superdry’s shares jumped 18% to…
The rupee depreciated 4 paise to 83.24 against the US dollar in early trade on Wednesday, October 4, 2023, as the strength of the American currency and a weak trend in domestic equities exerted pressure on the local unit. Forex traders said sustained foreign fund outflows further dented investor sentiments. At the interbank foreign exchange,…
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According to a stock analysit, the stock markets may continue to exhibit intra-day volatility ahead of the monetary policy announcement on Friday, October 6. | Photo Credit: The Hindu Equity benchmark indices declined in early trade on Wednesday, October 4, 2023, extending their previous day’s fall, in line with weak global market trends and unabated…
Affordable housing, once considered a sunrise segment of the real estate sector following the Union Government’s promise of “Housing for All” in 2015 and subsequent subsidies under the Prime Minister Awas Yojana has witnessed one of the starkest declines in demand and supply over the past three years mainly in India’s urban areas. According to…
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Gold price tumbled by ₹650 to ₹57,550 per 10 grams in the national capital on Tuesday amid weak global cues, according to HDFC Securities. In the previous trade, the precious metal had ended at ₹58,200 per 10 grams. Silver also nosedived ₹1,800 to ₹71,500 per kilogramme. Gold and silver prices slipped on Comex in the…
The rupee depreciated 15 paise to close at 83.21 (provisional) against the U.S. dollar on Tuesday (October 3), as a strong U.S. dollar and weak domestic equities dented investor sentiments. Forex traders said muted domestic macroeconomic data and sustained FII outflows also mounted downside pressure on rupee. At the interbank foreign exchange market, the local…
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