Category: Business

Business

Centre raises minimum support prices for Rabi crops, farmers unhappy

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Fertilizers and diesel prices have increased,” said All India Kisan Saba leader from Rajasthan Amra Ram. “Production is decreasing due to no significant increase in MSP. The Centre should have implemented [recommendations of the] Swaminathan Committee report,” he added. | Photo Credit: AJAY VERMA The Cabinet Committee on Economic Affairs (CCEA) has increased the Minimum…

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Rupee falls 2 paise to close at 83.27 against U.S. dollar

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The rupee settled 2 paise lower at 83.27 (provisional) against the U.S. dollar on Wednesday, tracking negative cues from domestic equity markets amid surging crude oil prices overseas. However, fresh foreign capital inflows and a weak greenback against major rivals overseas favoured the rupee and restricted the loss, forex traders said. At the interbank foreign…

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Sensex sinks 550 points to slip below 66k on spike in crude oil prices, weak global trend

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Equity benchmark index Sensex tumbled 551 points to close below the 66,000 level on Wednesday due to profit-taking in banking, financial and energy stocks amid a sharp jump in global crude oil prices. A sluggish trend in global equity markets following lingering geopolitical worries also sapped the risk appetite of investors, traders said. After a…

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Govt hikes wheat MSP by ₹150 per quintal to ₹2,275/quintal for 2024-25: I&B minister

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Union Minister Anurag Thakur addresses the media during cabinet briefing, in New Delhi, on Oct. 18, 2023. | Photo Credit: PTI Ahead of assembly polls in key wheat growing states, the government on Wednesday announced an increase in the minimum support price (MSP) of wheat by ₹150 to ₹2,275 per quintal for the 2024-25 marketing…

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Business

India Allows Export Of Over 10 Lakh Tonnes Of Non-Basmati White Rice To 7 Countries

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Government has permitted exports of 10,34,800 tonnes of non-basmati white rice (Representational) New Delhi: The government today said it has permitted exports of 10,34,800 tonnes of non-basmati white rice to seven countries, including Nepal, Cameroon and Malaysia. The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) said…

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Sensex declines 161 points in early trade on sluggish global trends

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Equity benchmark indices declined in early trade on Wednesday, October 18, 2023 amid sluggish global market trends and spike in Brent crude oil prices. After a day’s breather, the 30-share BSE Sensex declined 161.41 points to 66,266.68. The Nifty skidded 36.7 points to 19,774.80. Among the Sensex firms, Bajaj Finance, Power Grid, Bajaj Finserv, ICICI…

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L&T Tech to invest in software defined vehicles, AI; Q2 net rises 5%

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L&T Technology Services (LTTS), an engineering services firm posted a net profit of ₹315 crore for the second quarter of FY24, a 5% growth over the corresponding quarter a year ago. It recorded revenue of ₹2,387 crore, up 5% Y-o-Y. During the quarter, LTTS won a seven deals worth more than $10 million across all…

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