Stay Connected. Stay Informed.
Business
Equity benchmark indices declined in early trade on October 26. Mahindra & Mahindra, Bajaj Finserv, Bajaj Finance, JSW Steel, Tata Motors, Nestle and Titan were the other major laggards. | Photo Credit: Reuters Equity benchmark indices declined in early trade on October 26, continuing their weak momentum, amid negative trend in global markets and fresh foreign…
The 30-share BSE Sensex plunged 502.5 points to 63,546.56. Mumbai: Equity benchmark indices declined in early trade on Thursday, continuing their weak momentum, amid negative trend in global markets and fresh foreign fund outflows. The 30-share BSE Sensex plunged 502.5 points to 63,546.56. The Nifty fell 159.55 points to 18,962.60. Among the Sensex firms, Tech…
Read More “Sensex, Nifty Continue To Plunge For 6th Consecutive Day” »
The rupee stayed on downward track for the third consecutive session and depreciated by 6 paise to 83.23 against the U.S. dollar | Photo Credit: SUDERSHAN V The rupee stayed on downward track for the third consecutive session and depreciated by 6 paise to 83.23 against the U.S. dollar in early trade on Thursday, tracking…
Read More “Rupee falls 6 paise to 83.23 against U.S. dollar in early trade” »
Tackling risk: As traditional internal combustion engine manufacturers transition to EVs, a significant share of MSMEs could be at risk of losing business. Image for representation only | Photo Credit: KVS Giri Tamil Nadu is gearing up to be a global electric vehicle (EV) manufacturing hub, with the government seeking to attract ₹50,000 crore in investments…
Read More “How a climate-proofed MSME sector can drive Tamil Nadu’s EV leadership” »
The story so far: The Periodic Labour Force Surveys (PLFS) have been monitoring the gender earnings gap across various forms of employment from April-June 2019 to 2023. This latest round has introduced a crucial focus on weekly hours worked, revealing that the inequality in total earnings might not capture the full picture. Women, on average, work…
Tech Mahindra posted a 61% decline in net profit at ₹505.3 crore in the second-quarter of FY24, as against a net profit of ₹1,299.2 crore in the corresponding period last year. The last two quarters were the most difficult driven by slowing demand in telecom and communications segments and delays in deal cycles, said the tech…
Read More “Tech Mahindra FY24 Q2 net declines more than 60%” »
Output of pulses, some coarse cereals and the key oilseed – groundnut could hit a three-year low this kharif season, as per initial independent estimates for crop output, even as overall foodgrains production is likely to rise thanks to higher rice and cereals output. Though this monsoon season yielded 6% below normal rainfall, after…
Read More “Pulses a worry even as kharif grain output may rise 1.5-4%” »
Falling for fifth day running, BSE Sensex tanked 522.82 points, or 0.81 per cent, to settle at 64,049.06 New Delhi: Over Rs 2 lakh crore of investors’ wealth has been wiped out on a single day of trading today. They also became poorer by over Rs 14 lakh crore in just five days as markets…
Read More “Rs 2 Lakh Crore Investors’ Wealth Wiped Out In A Day Amid Global Tensions” »
On Monday, the rupee closed 4 paise lower at 83.16 against the U.S. dollar. | Photo Credit: R. Ragu The rupee paired its early gains and settled 2 paise lower at 83.18 (provisional) against the U.S. dollar on Wednesday, tracking negative cues from domestic equity markets and a stronger American currency overseas. Softening crude oil…
Read More “Rupee falls 2 paise to 83.18 against U.S. dollar” »
Representational image. | Photo Credit: PTI Benchmark equity indices Sensex and Nifty plunged nearly 1% on Wednesday, in continuation with the pessimistic trend amid the ongoing tensions in the Middle East. Falling for the fifth day running, the 30-share BSE Sensex tanked 522.82 points or 0.81% to settle at 64,049.06. During the day, it dropped…
Read More “Sensex, Nifty tumble nearly 1%; extend falling streak to fifth day” »