Category: Business

Business

Adani Green withdraws from controversial renewable energy project in Sri Lanka

February 13, 2025 admin

The Adani Group is going ahead with the construction of the West Container Terminal at the Colombo port, along with the Sri Lanka Ports Authority (SLPA) and conglomerate John Keells Holdings. File | Photo Credit: Reuters Adani Green on Wednesday (February 12, 2025) withdrew from a controversial renewable energy project in northern Sri Lanka, amid…

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Markets rebound in early trade after 6-day slump

February 13, 2025 admin

Since February 4 till February 12, the BSE bellwether gauge had slumped 2,412.73 points or 3.07%, while the Nifty tanked 694 points or 2.92%. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty rebounded in early trade on Thursday (February 13, 2025) following a better-than-expected decline in CPI inflation in January and value-buying…

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What is contributing to the downturn in Indian markets? | Explained

February 13, 2025 admin

For representative purposes. | Photo Credit: iStockphoto The story so far: For the sixth consecutive day, BSE Sensex closed lower on Wednesday reflective of a major sell-off among foreign institutional investors and portfolio investors (FIIs/FPIs), mixed earnings and apprehensions about the tightening of the (imports’) tariff regime in the U.S. The thirty-share BSE shed 122.52…

Business

PM Modi U.S. visit: Amid expected discussion on Elon Musk India entry, Starlink steals a march into Bhutan

February 12, 2025 admin

Starlink updated its product availability map on February 12, 2025, making Bhutan the 121st country in the world to join its footprint. File | Photo Credit: AFP Even as all eyes are on Prime Minister Narendra Modi’s visit to Washington for talks with U.S. President Donald Trump and his key advisors, Elon Musk’s Starlink has…

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Government, RBI, FC should work together to enforce fiscal discipline in states: NCAER

February 12, 2025 admin

The Union Government, RBI and Finance Commission should work together to enforce fiscal discipline in states, a research paper by the National Council of Applied Economic Research (NCAER) said. The paper titled ‘The State of the States: Federal Finance in India’ further said heavily indebted states could be given some debt relief in return for…

Business

India’s industrial output growth drops to four-month low of 3.2% in December

February 12, 2025 admin

Image for representative purpose | Photo Credit: PTI India’s industrial output growth dropped to a four-month low of 3.2% in December, with manufacturing and mining sectors rising just 3% and 2.6%, respectively, and consumer non-durables’ production slipping 7.6% from a year ago. The National Statistics Office (NSO) also downgraded the industrial production growth assessment for…

Business

Sensex, Nifty fall for 6th day dragged by FII outflows, trade war fears

February 12, 2025 admin

Bajaj Finserv, Tata Steel, Larsen & Toubro, UltraTech Cement, Kotak Mahindra Bank and Tata Motors were among the gainers. File | Photo Credit: PTI Stock markets closed lower for the sixth straight day on Wednesday (February 12, 2025) with Sensex falling by 122 points on unabated foreign fund outflows and trade war worries. The 30-share…

Business

Rupee falls 8 paise to 86.87 against U.S. dollar

February 12, 2025 admin

FIIs offloaded equities worth ₹4,486.41 crore in the capital markets on a net basis on Tuesday (February 11, 2025), according to exchange data. File Photo: V.V. Krishnan The rupee failed to sustain its recovery and depreciated 8 paise to close at 86.87 (provisional) against the U.S. dollar on Wednesday (February 12, 2025) due to a…

Business

Retail inflation eases to five-month low of 4.31% in January 2025

February 12, 2025 admin

Food inflation during the month of January is mainly attributed to decline in inflation of vegetables and other items. | Photo Credit: Sushil Kumar Verma India’s retail inflation cooled to a five-month low of 4.31% in January from 5.22% in December 2024, with food prices rising 6%, compared with an 8.4% rise in the previous…

Business

Sensex drops below 76k-mark; Nifty falls lower than 23,000

February 12, 2025 admin

People walk outside the National Stock Exchange (NSE) in Mumbai. File photo | Photo Credit: REUTERS Benchmark indices Sensex and Nifty slumped in initial trade on Wednesday (February 12, 2025) as unabated foreign fund outflows and trade war fears continued to unnerve investors. The 30-share BSE benchmark Sensex declined 274.56 points to 76,019.04 in early…

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