Category: Business

Business

Sensex, Nifty fall for 8th day as relentless FII selling hits market sentiments

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Bombay Stock Exchange (BSE). | Photo Credit: ANI Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a row on Friday (February 14, 2025) as investors’ sentiments were plagued due to persistent foreign fund outflows. Markets began the trade on an optimistic note but soon gave up initial gains…

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Modi-Trump meeting: Reciprocal tariffs by U.S. may not hurt India much says GTRI

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Prime Minister Narendra Modi and U.S. President Donald Trump shake hands as they deliver a joint press statement after their meeting at the White House, in Washington, DC on Thursday, February 13, 2025 | Photo Credit: Reuters The U.S. government’s move to impose reciprocal tariffs to match higher duties levied by its trading partners is…

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Business

PMI Electro Mobility raises ₹250 crore equity via preferential allotment 

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PMI Electro Mobility Solutions Pvt. Ltd is a manufacturer of electric buses. | Photo Credit: pmielectro.com PMI Electro Mobility Solutions Pvt. Ltd, a manufacturer of electric buses, said it has raised ₹250 crore by way of equity from a consortium comprising of Authum Investment & Infrastructure Ltd, Antique Securities and associated HNI family offices and…

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Wholesale price inflation eases to 2.31% in January 2025

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File picture of activity at an open-air evening market in Ahmedabad. Image for representation | Photo Credit: Reuters India’s wholesale price inflation eased fractionally from 2.37% in December to 2.31% in January, with a deceleration in food inflation being almost offset by an uptick in manufactured costs’ price rise pace, government data released on Friday…

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Food prices to be under control, critical imports mired in uncertainty: Nirmala Sitharaman

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Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Budget session of Parliament, in New Delhi, Thursday, Feb. 13, 2025. | Photo Credit: PTI Food prices are expected to be under control in the coming year, going by advance estimates of crop output, but the government will keep monitoring prices and act…

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JPMorgan Chase begins planned layoffs for 2025, source says

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A customer exits the lobby of JPMorgan Chase & Co. headquarters in New York. | Photo Credit: Reuters JPMorgan Chase started informing some employees of job cuts last week, a source familiar with the matter told Reuters on Wednesday (February 12, 2025), as it begins one of several planned reductions this year. Fewer than 1,000…

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Sensex Nifty pare gains to close lower for 7th day in a row

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File image used for representative purpose only. | Photo Credit: Reuters Benchmark indices Sensex and Nifty pared early gains to close lower for the seventh straight day on Thursday (February 13, 2025), dragged by fag-end selling in select IT and banking shares and foreign fund outflows. The 30-share BSE Sensex dipped 32.11 points or 0.04%…

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Japanese automakers Honda, Nissan, Mitsubishi drop their talks on business integration

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(From left) Nissan chief executive Makoto Uchida, Mitsubishi Motors CEO Takao Kato, and Honda chief executive Toshihiro Mibe leave after a joint news conference in Tokyo, Japan. File | Photo Credit: AP Japanese automakers Honda, Nissan and Mitsubishi said on Thursday (February 13, 2025) they are ending talks on business integration. Nissan Chief Executive Makoto…

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