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Representational image only. | Photo Credit: Reuters Shares of SpiceJet on September 15 climbed more than 4% after the company completed a payment of $1.5 million to global investment bank and financial services firm Credit Suisse. The stock gained 4.22% to ₹40 after a positive beginning on the Bombay Stock Exchange (BSE.) SpiceJet has complied…
Equity benchmark indices Sensex and Nifty hit new record peaks in early trade on Friday | file hpot | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty hit new record peaks in early trade on Friday, helped by a rally in global markets and fresh foreign inflows. Rallying for the 11th day running, the…
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India’s benchmarks hit new record highs for the second consecutive session on Friday, tracking Asian peers, as stronger-than-expected macroeconomic data from China and easing US rate concerns aided sentiment. The Nifty 50 was up 0.35% to 20,173.15 by 9:15 a.m. IST, while the S&P BSE Sensex gained 0.38% to 67,774.46. ($1 = 83.0300 Indian rupees)…
File photo of Food Secretary Sanjeev Chopra. | Photo Credit: The Hindu Retail prices of key essential food items, especially wheat, rice, sugar, and edible oil prices, are unlikely to see any sharp upswing in the upcoming festival season as the country has adequate supply and the government is keeping a close vigil on hoarders,…
September 14, 2023 06:05 pm | Updated September 15, 2023 02:44 am IST – New Delhi A worker carries a ladder past sacks filled with wheat at a Food Corporation of India (FCI) warehouse in Punjab. File | Photo Credit: Reuters Sensing an upward movement in wheat prices and fearing hoarding ahead of the festive…
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The NSE benchmark Nifty advanced over 33 points to close at a fresh lifetime high of 20,103 while Sensex ticked higher for the tenth straight session on Thursday, helped by fag-end buying in oil & gas, metal and commodity stocks amid a largely firm trend in global equities. After swinging between gains and losses throughout…
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The rupee pared initial gains to settle 2 paise lower at 83.03 (provisional) against the U.S. dollar on Thursday, weighed down by a surge in crude oil prices and strong American currency overseas. However, a positive trend in domestic markets cushioned the downside for the local unit, forex traders said. At the interbank foreign exchange…
Read More “Rupee falls 2 paise to close at 83.03 against U.S. dollar” »
Life Insurance Corporation of India (LIC) eastern zonal head office building in Kolkata. File | Photo Credit: REUTERS LIC on Thursday said it has sold 2% of its holding in Sun Pharma for ₹4,699 crore via open market sale. Following the share sale, there is a decrease of 2% in holding during the period from…
Read More “LIC sells over 2% stake in Sun Pharma for ₹4,699 crore” »
New Delhi: Fitch Ratings on Thursday retained India’s growth forecast for the current fiscal at 6.3 per cent saying the Indian economy continues to show resilience despite tighter monetary policy and weakness in exports, but upped year-end inflation projection on El Nino threat. The Indian economy grew 7.8 per cent in the April-June quarter of…
Read More “Fitch Retains India’s Growth Forecast For Current Fiscal At 6.3 Per Cent” »
Inflation in food articles remained in double digit at 10.60% in August, lower than 14.25% in July. File | Photo Credit: Mohammed Yousuf India’s wholesale prices remained in deflationary mode for the fifth month in a row in August but the decline in prices eased to -0.52% from -1.36% in July, even as inflation in…
Read More “Wholesale inflation remains in negative for fifth month at -0.52% in August” »
