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Growth in India’s net direct tax collections slowed down marginally over the past month to touch 15.88% by January 12, from a 16.5% uptick as of December 17. Image for representative purposes only | Photo Credit: Getty Images/iStockphoto Growth in India’s net direct tax collections slowed down marginally over the past month to touch 15.88%…
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Potato is one of the top five items which showed highest year-on-year inflation at All India level in December 2024 at 68.23%. | Photo Credit: ANI India’s retail inflation eased a bit to a four-month low of 5.22% in December 2024 from 5.5% in November 2024, with food inflation cooling marginally from 9.04% in November…
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Congress leader Jairam Ramesh. File | Photo Credit: PTI In a X (formerly Twitter) post, Congress leader Jairam Ramesh mocked at Prime Minister Narendra Modi for the depreciation of rupee to record low at ₹86. Mr. Ramesh in his X post, said “When Mr. Narendra Modi took over at PM he was about to turn…
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The dollar index was up 0.2% at 109.9 while most Asian currencies weakened. Representational file image. | Photo Credit: Reuters The Reserve Bank of India (RBI) was likely selling dollars to support the rupee on Monday (January 12, 2025), after the currency slumped to its all-time low as the dollar surged on expectations that the…
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Photo used for representation purpose only. | Photo Credit: The Hindu Benchmark indices Sensex and Nifty tanked in early trade on Monday (January 13, 2025) amid weak global trends and unabated foreign fund outflows. Brent crude rising to $81 a barrel and a strong US jobs data that dampened early rate cut expectations also dented…
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Photo used for representation purpose only. | Photo Credit: Reuters The rupee’s slide show went on for the second straight session on Monday (January 13, 2025) as it crashed 32 paise to hit a new lifetime low of 86.36 against the U.S. dollar, dragged down by a robust American currency amid volatile global cues. A…
Photo used for representation purpose only. | Photo Credit: Reuters The rupee’s slide show went on for the second straight session on Monday (January 13, 2025) as it crashed 27 paise to hit a new lifetime low of 86.31 against the U.S. dollar, dragged down by a robust American currency amid volatile global cues. A…
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Image used for representational purpose. | Photo Credit: Reuters India’s record-breaking capital-raising spree will continue in 2025 given the strong pipeline of firms looking to go public, the head of the country’s oldest exchange told Reuters. “There are 90-plus companies that have already filed their draft prospectus with the regulator, looking to raise an estimated…
Read More “BSE expects record-breaking IPO run to continue unabated in 2025, CEO says” »
Indian tech firms capitalise on policy changes to localize hardware and software, with CloudPhotonix and DigiBoxx leading the charge. File | Photo Credit: The Hindu From data centres to telecom equipment, Indian firms are capitalising on key policy developments to indigenise the Indian tech stack, from both a hardware and software point of view. The…
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Air India Airbus A 320 aircraft. File | Photo: V. Sudershan Air India Group, which completes three years of privatisation this month, has recorded the fastest growth in market share on far-flung international destinations such as the U.S., Europe and Australia. The airline’s passenger shares on routes to North America, Europe, U.K., Australia, Far…
