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Category: Business

Business

Nepal PM Prachanda wins vote of confidence in Parliament

Posted on March 13, 2024 By admin
Nepal PM Prachanda wins vote of confidence in Parliament

A file photo of Nepal Prime Minister Pushpa Kamal Dahal | Photo Credit: Reuters Nepal Prime Minister Pushpa Kamal Dahal ‘Prachanda’ won a vote of confidence in Parliament on March 13, as the country struggled to maintain political stability. Prachanda, 69, a former guerilla leader from the Communist Party of Nepal (Maoist Centre) — the…

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Business

NHAI asks Paytm FASTag users to procure new one from another bank by March 15

Posted on March 13, 2024 By admin
NHAI asks Paytm FASTag users to procure new one from another bank by March 15

Paytm FASTag users can continue to use the existing balance to pay tolls beyond the stipulated date. File | Photo Credit: Reuters National Highways Authority of India (NHAI) has advised Paytm FASTag users to obtain a new FASTag from another bank before March 15 to ensure a smooth travel experience and avoid inconvenience at toll plazas,…

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Business

Veg oil imports down 13% in February: SEA

Posted on March 13, 2024 By admin
Veg oil imports down 13% in February: SEA

India’s vegetable oils import registered a fall in February, data from SEA shows. File | Photo Credit: Reuters India’s vegetable oils import fell 13% per cent year-on-year in February to nearly 9.75 lakh tonne, according to industry data. In a statement on March 13, the Solvent Extractors’ Association of India (SEA) said the import of…

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Business

ITC shares jump nearly 9%; mcap soars by ₹32,127 crore amid reports of stake sale

Posted on March 13, 2024 By admin
ITC shares jump nearly 9%; mcap soars by ₹32,127 crore amid reports of stake sale

File picture of the ITC office building in Kolkata | Photo Credit: Reuters Shares of ITC were in the limelight on Wednesday, climbing nearly 9% and adding ₹32,127.11 crore to its market valuation, amid stake sale news. The stock zoomed 8.59% to ₹439 on the BSE. Shares of the company jumped 8.29% to ₹438 on…

Read More “ITC shares jump nearly 9%; mcap soars by ₹32,127 crore amid reports of stake sale” »

Business

India allows RBI to import gold without paying import levies

Posted on March 13, 2024 By admin
India allows RBI to import gold without paying import levies

A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai. File | Photo Credit: Reuters India has allowed its central bank to import gold without paying import levies, the government said in a notification issued late on March 12. Indian gold importers need to pay basic customs duty and Agriculture Infrastructure…

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Business

Sensex, Nifty trade higher in early trade

Posted on March 13, 2024 By admin
Sensex, Nifty trade higher in early trade

From the Sensex pack, ITC jumped the most by more than 6% per cent. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty climbed in early trade on March 13 amid firm global market trends and continuous foreign fund inflows. Also, heavy buying in ITC added to the overall positive momentum in the equity…

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Business

Vedanta ordered to pay Cairn UK 9.4 million for delayed dividends

Posted on March 13, 2024 By admin
Vedanta ordered to pay Cairn UK 9.4 million for delayed dividends

FILE PHOTO: A bird flies by the Vedanta office building in Mumbai August 16, 2010. REUTERS/Danish Siddiqui/File Photo | Photo Credit: Reuters March 12 Indian mining group Vedanta must pay $9.4 million) to Cairn UK Holdings for a delay in paying dividends, the Securities and Exchange Board of India (SEBI) said on March 12. The…

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Business

Rupee falls five paise to 82.85 against U.S. dollar in early trade

Posted on March 13, 2024 By admin
Rupee falls five paise to 82.85 against U.S. dollar in early trade

On March 12, the Rupee consolidated in a narrow range and settled for the day five paise lower at 82.80 against the U.S. dollar. | Photo Credit: The Hindu The Rupee depreciated five paise to 82.85 against the U.S. dollar in early trade on March 13, as the strength of the American currency in the…

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Business

Pakistan’s new President Zardari to not take salary; cites economic hardship of people

Posted on March 13, 2024 By admin
Pakistan’s new President Zardari to not take salary; cites economic hardship of people

Chief Justice of Pakistan Qazi Faez Isa, right, administers the oath of office to newly elected President Asif Ali Zardari during a ceremony at the Presidential Palace, in Islamabad, Pakistan on March 10, 2024. | Photo Credit: AP Pakistan’s newly-elected President Asif Ali Zardari on March 13 announced that he would not draw any salary…

Read More “Pakistan’s new President Zardari to not take salary; cites economic hardship of people” »

Business

As Vladimir Putin orchestrates his reelection, a resilient Russian economy is a key selling point

Posted on March 13, 2024 By admin
As Vladimir Putin orchestrates his reelection, a resilient Russian economy is a key selling point

Russians are finding that a few imported staples, like fruit, coffee and olive oil, have shot way up in price. Most global brands have disappeared — or been reincarnated as Russian equivalents under new, Kremlin-friendly ownership. A lot more Chinese cars are zipping around the streets. Those who want a particular luxury cosmetic may be…

Read More “As Vladimir Putin orchestrates his reelection, a resilient Russian economy is a key selling point” »

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