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Category: Business

Business

Centre asks airlines to slash airfares for Kumbh Mela

Posted on January 29, 2025 By admin
Centre asks airlines to slash airfares for Kumbh Mela

Image used for representational purpose only. | Photo Credit: Shiv Kumar Pushpakar The Centre on Wednesday (January 29, 2025) urged airlines to maintain “reasonable fares” for devotees making their way to Prayagraj for the ongoing Maha Kumbh. IndiGo said it has slashed down ticket prices by 30% to 50% on flights to and from the…

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Business

Centre asks airlines to slash airfares for Kumbh Mela

Posted on January 29, 2025 By admin
Centre asks airlines to slash airfares for Kumbh Mela

Image used for representational purpose only. | Photo Credit: Shiv Kumar Pushpakar The Centre on Wednesday (January 29, 2025) urged airlines to maintain “reasonable fares” for devotees making their way to Prayagraj for the ongoing Maha Kumbh. IndiGo said it has slashed down ticket prices by 30% to 50% on flights to and from the…

Read More “Centre asks airlines to slash airfares for Kumbh Mela” »

Business

Union Budget 1955: Laying foundation for India’s industrialisation

Posted on January 29, 2025 By admin
Union Budget 1955: Laying foundation for India’s industrialisation

Stepping out of the post-war transition, India’s Finance Minister Mr. C.D. Deshmukh’s Union Budget 1955-56 laid the foundation for the country’s industrialisation. Closing out the First Five-Year Plan, the Budget reflected an increasing tempo of Government expenditure, reported The Hindu on February 28, 1955. Delivering his seventh budget speech, Mr. Deshmukh presented the document in…

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Business

Sensex, Nifty surge nearly 1% on buying in IT stocks, firm global cues

Posted on January 29, 2025 By admin
Sensex, Nifty surge nearly 1% on buying in IT stocks, firm global cues

FIIs offloaded equities worth ₹4,920.69 crore on Tuesday (January 28, 2025), according to exchange data. File | Photo Credit: PTI Stock market benchmark indices Sensex and Nifty surged nearly 1% on Wednesday (January 29, 2025), buoyed by a rally in IT, capital goods and industrial stocks amid a firm trend in global markets. The 30-share…

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Business

Rupee rises 1 paisa to close at 86.56 against U.S. dollar

Posted on January 29, 2025 By admin
Rupee rises 1 paisa to close at 86.56 against U.S. dollar

The rupee pared its initial losses and settled for the day on a positive note, higher by 1 paisa to close at 86.56 against dollar. File | Photo Credit: Reuters The rupee pared its initial losses and settled for the day on a positive note, higher by 1 paisa to close at 86.56 (provisional) against…

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Business

Govt raises price of ethanol produced from C heavy molasses

Posted on January 29, 2025 By admin
Govt raises price of ethanol produced from C heavy molasses

Union Minister Ashwini Vaishnaw. File | Photo Credit: Sandeep Saxena Union Cabinet on Wednesday (January 29, 2025) approved higher ex-mill price for ethanol derived from C heavy molasses at ₹57.97 per litre, up by ₹1.69, for the 2024-25 period ending October 31 this year. The prices for ethanol produced from B heavy molasses and from…

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Business

ITC Hotels debuts on bourses, set to expand portfolio to over 200 hotels in 5 years 

Posted on January 29, 2025 By admin
ITC Hotels debuts on bourses, set to expand portfolio to over 200 hotels in 5 years 

 Sanjiv Puri, Chairman, ITC Hotels Ltd. “ITC Hotels is committed to achieving new global benchmarks in hospitality while staying rooted in its vision of sustainability and inclusivity”. File photo | Photo Credit: PTI ITC Hotels, the new entity formed consequent to demerger of ITC’s hospitality business, got listed on the stock exchanges Wednesday (January 29,…

Read More “ITC Hotels debuts on bourses, set to expand portfolio to over 200 hotels in 5 years ” »

Business

India, Oman agree to amend tax treaty to promote greater cooperation

Posted on January 29, 2025 By admin
India, Oman agree to amend tax treaty to promote greater cooperation

Union Minister of Commerce and Industry Piyush Goyal meets Oman’s Minister of Commerce, Industry and Investment Promotion Qais bin Mohammed Al Yousef during his visit, in Muscat on January 27, 2025 | Photo Credit: ANI India and Oman have agreed to amend the DTAA to align it with international standards on cross-border taxation, simplifying procedures,…

Read More “India, Oman agree to amend tax treaty to promote greater cooperation” »

Business

Sensex, Nifty rise in early trade on buying in IT stocks, firm global market trends

Posted on January 29, 2025 By admin
Sensex, Nifty rise in early trade on buying in IT stocks, firm global market trends

image for representative purposes | Photo Credit: The Hindu Stock market benchmark indices Sensex and Nifty advanced in early trade on Wednesday (January 29, 2025) amid a rally in global peers and buying in IT stocks. The 30-share BSE benchmark Sensex rose 355.87 points to 76,257.28 in early trade. The NSE Nifty went up by…

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Business

The Hindu’s updates on the rupee vs dollar on January 29, 2025

Posted on January 29, 2025 By admin
The Hindu’s updates on the rupee vs dollar on January 29, 2025

A vendor counts Indian rupee notes in Mumbai. File photo | Photo Credit: AFP The rupee depreciated 4 paise to 86.61 against the US dollar in early trade on Wednesday (January 29, 2025), due to sustained foreign fund outflows, unabated dollar demand from oil importers and weak risk appetite. Forex traders said the rupee continued…

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