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A file photo of BSE building in Mumbai. | Photo Credit: Reuters Equity benchmark indices snapped two days of rally to settle lower on October 31 amid unabated foreign fund outflows and escalating tensions in the Middle East. Besides, investors were cautious ahead of the US Federal Reserve’s interest rate decision. The 30-share BSE Sensex…
Pakistan’s gold demand fell 11% to 11.6 tonne during the third quarter of 2023 from 13 tonne in the year-ago period, while Sri Lanka’s gold demand rose substantially to 2.4 tonne from 0.3 tonne. (Representational image only.) | Photo Credit: Reuters Global gold demand declined by six per cent to 1,147.5 tonne during the third…
Read More “Global gold demand drops 6% in Q3; India, China demand up” »
Air India declined to comment and the two chief executives did not respond to requests for comment. NEW DELHI: The chief executives of Air India and Akasa Air have privately exchanged barbs over the poaching of pilots, with the latter accusing its bigger rival of rule violations, provoking a reply that collusion to curb job…
Equity benchmark indices climbed over 300 points in early trade on Tuesday, October 31, 2023, but soon turned volatile as investors retreated to the sidelines amid unabated foreign fund outflows and escalating tensions in the Middle East. Besides, investor sentiments were cautious ahead of the US Federal Reserve’s interest rate decision, traders said. The 30-share…
The rupee inched up 1 paisa against the US dollar in early trade on Tuesday, October 31, 2023, as the support from positive domestic equities was negated by elevated crude oil prices and a strong American currency overseas. Forex traders said the dollar strengthened on safe-haven demand. However, a positive trend in domestic equities supported…
Read More “Rupee opens on flat note against U.S. dollar in early trade” »
File picture of Reliance Industries chairman Mukesh Ambani | Photo Credit: Reuters Reliance Industries Chairman Mukesh Ambani has received a threat email from an unidentified person seeking ₹400 crore, police said on Tuesday. Ambani’s company received the email on Monday. It is the third threat email sent to Ambani in four days, an official said….
Read More “Mukesh Ambani receives 3rd threat email with ₹400 crore demand” »
Infosys founder NR Narayana Murthy | Photo Credit: Deepak KR Infosys founder N.R. Narayana Murthy recently said that young Indians must work for 70 hours a week. The comment has been met with support from some and criticism from others. The comments were made in the first episode of a video series published by 3one4…
Infosys founder NR Narayana Murthy | Photo Credit: DEEPAK KR Infosys founder N.R. Narayana Murthy recently said that young Indians must work for 70 hours a week. The comment has been met with support from some and criticism from others. The comments were made in the first episode of a video series published by 3one4…
The Board of Directors of AU Small Finance Bank (AU SFB) Ltd and Fincare Small Finance Bank (Fincare SFB) Ltd late Sunday approved an all-stock merger of AU SFB and Fincare SFB. As per the deal, Fincare SFB shareholders will receive 579 shares in AU SFB for 2,000 shares of Fincare SFB. Post merger, existing shareholders of…
Read More “Small Finance Banks AU and Fincare agree to merge” »
Foodgrains being unloaded from a goods train at the Royapuram station in Chennai. This is the second of a three-part series of articles on the Indian railways, its capital expenditure and freight business. The Railways has been one of the more cheaper modes of transportation for moving bulk cargo. The government has therefore realised that…