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The rupee settled on a flat note at 83.13 (provisional) against the U.S. dollar on Friday amid negative equity markets and rising crude oil prices. | Photo Credit: RAGHUNATHAN SR The rupee settled on a flat note at 83.13 (provisional) against the U.S. dollar on Friday amid negative equity markets and rising crude oil prices….
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Gold prices on Friday rose ₹381 to ₹60,699 per 10 grams in futures trade as speculators created fresh positions on firm spot demand. On the Multi Commodity Exchange, gold contracts for December delivery traded higher by ₹381 or 0.63 per cent at ₹60,699 per 10 grams in a business turnover of 15,051 lots. Fresh positions…
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IL&FS deal to sell Jorabat Shillong Expressway Limited is expected to close on October 31, 2023. | Photo Credit: Reuters The scam hit IL&FS Transportation Networks Limited said it has entered into a Restated Share Purchase Agreement (SPA) on October 19, 2023 with Sekura Roads Private Limited to sell and transfer the entire equity shareholding held…
Read More “IL&FS Transportation to sell JSEL expressway project for ₹1,343 crore, equity value ₹1” »
RBI governor Shaktikanta Das delivers the plenary address at the ‘Kautilya Economic Conclave’, in New Delhi, on October 20, 2023. | Photo Credit: PTI Reserve Bank of India (RBI) governor Shaktikanta Das on October 20 stressed that the monetary policy must remain actively disinflationary to ensure that the decline in inflation from its peak of…
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It does not dilute the ownership interests of existing shareholders. Nestle India Ltd shares hit their all-time highs on Friday as the company announced a stock split after its board meeting on Thursday. A stock split is a corporate action in order to create more shares by dividing the existing shares into multiple new shares….
Michael Debabrata Patra, RBI deputy governor, inaugurated the sub-office of the Reserve Bank of India, in Itanagar, Arunachal Pradesh, on October 20. File | Photo Credit: The Hindu Reserve Bank of India (RBI) has announced the opening of its sub-office in Itanagar, Arunachal Pradesh in the northeast of India. Dr. Michael Debabrata Patra, deputy governor, RBI,…
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A general view of the Bombay Stock Exchange. | Photo Credit: Reuters Equity benchmark indices fell in early trade on Friday due to weak trends in global markets and soaring crude oil prices. Foreign fund outflows also weighed on investor sentiments. Falling for the third day running, the 30-share BSE Sensex fell 320.63 points to…
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At the interbank foreign exchange, the domestic unit opened weak at 83.17 against the dollar and then touched the lowest level of 83.20 against the greenback. File The rupee depreciated by 5 paise to 83.18 against the US dollar in early trade on Friday due to unabated foreign fund outflow amid rising crude oil prices….
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Representational image. | Photo Credit: REUTERS India’s contribution to global economic growth will rise by 2 percentage points in 5 years as the Indian economy is projected to grow faster in the coming years, a senior International Monetary Fund (IMF) official said on Thursday. “Currently China and India’s contribution to global growth is 50%,” said Krishna…
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Google Inc. set a 2024 target to assemble its Pixel line of smartphones in India, the firm announced at its annual Google for India event on Thursday. Executives sidestepped questions on where the assembly would take place, and how much sourcing of components would be done locally, saying that negotiations with assembly partners had not…
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