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Category: Business

Business

Markets continue to rally for 7th day running

Posted on September 11, 2023 By admin
Markets continue to rally for 7th day running

The bull statue at the Bombay Stock Exchange (BSE) building, in Mumbai, on July 13, 2023. Equity benchmark indices extended their rally for the seventh day running on September 11 as investors continued to remain optimistic about the domestic markets. | Photo Credit: PTI Equity benchmark indices extended their rally for the seventh day running…

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Business

Sensex Rises 293 Points In Early Trade As Markets Extend Rally For 7th Day

Posted on September 11, 2023 By admin
Sensex Rises 293 Points In Early Trade As Markets Extend Rally For 7th Day

The 30-share BSE Sensex climbed 293.7 points to 66,892.61 in early trade. Mumbai: Equity benchmark indices extended their rally for the seventh day running on Monday as investors continued to remain optimistic about the domestic markets. Buying in index majors Reliance Industries and Tata Consultancy Services also added to the winning momentum in equities. The…

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Business

Tough task ahead to make WTO’s dispute settlement system fully functional: Experts

Posted on September 10, 2023 By admin
Tough task ahead to make WTO’s dispute settlement system fully functional: Experts

Members of the World Trade Organization will have a tough task ahead to make WTO’s dispute settlement system fully functional by 2024 due to divergent approaches proposed by countries like China, and the European Union, experts say. On September 9, G-20 leaders expressed their commitment to conducting discussions for having a fully and well-functioning dispute…

Read More “Tough task ahead to make WTO’s dispute settlement system fully functional: Experts” »

Business

India’s external debt-service ratio at 5.3% within comfort zone, says Finance Minister

Posted on September 10, 2023 By admin
India’s external debt-service ratio at 5.3% within comfort zone, says Finance Minister

Union Finance Minister Nirmala Sitharaman addresses the media during a press conference on G-20 Leaders’ Summit. File. | Photo Credit: ANI India’s external debt of $624.7 billion at March-end 2023 with a debt-service ratio of 5.3% is within the comfort zone and modest from a cross-country perspective, Finance Minister Nirmala Sitharaman has said. In her…

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Business

As G-20 plans crypto regulatory framework, India may shelve plan for outright ban

Posted on September 10, 2023 By admin
As G-20 plans crypto regulatory framework, India may shelve plan for outright ban

An outright ban on crypto currencies that was mooted by the Reserve Bank of India, and under consideration by the government, is likely off the cards. File. | Photo Credit: Reuters With the G-20 countries agreeing to explore a coordinated regulatory framework for crypto assets, India could wait a while longer before firming up its…

Read More “As G-20 plans crypto regulatory framework, India may shelve plan for outright ban” »

Business

G-20 Summit 2023 | Resuming Black Sea grain trade will cool global food inflation: Finance Minister Sitharaman

Posted on September 9, 2023 By admin
G-20 Summit 2023 | Resuming Black Sea grain trade will cool global food inflation: Finance Minister Sitharaman

Turkish-flagged bulker TQ Samsun, carrying grain under U.N.’s Black Sea Grain Initiative, is pictured in the Black Sea, north of Bosphorus Strait, off Istanbul, Turkey. File. | Photo Credit: Reuters The G-20 leaders’ recommendation to revive the Black Sea Grain Initiative (BSGI) to help the movement of grains, food, and fertilisers from Russia and Ukraine…

Read More “G-20 Summit 2023 | Resuming Black Sea grain trade will cool global food inflation: Finance Minister Sitharaman” »

Business

On the Finance Track, G-20 to push forward on crypto regulation, MDB reforms next month

Posted on September 9, 2023 By admin
On the Finance Track, G-20 to push forward on crypto regulation, MDB reforms next month

Union Finance Minister Nirmala Sitharaman during a press conference at the G-20 Summit, in New Delhi, on September 9, 2023. | Photo Credit: PTI Paving the way for a co-ordinated global approach to regulating cryptocurrencies, strengthening multilateral development banks’ lending capacity and replicating the use of digital public infrastructure like the India Stack to expand…

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Business

REC Signs MoU With PFC For FYs 2023-24 And 2024-25

Posted on September 9, 2023 By admin
REC Signs MoU With PFC For FYs 2023-24 And 2024-25

New Delhi: REC Limited signed an MoU with PFC as per the DPE Performance Evaluation System for FYs 2023-24 and 2024-25 for CPSEs on Friday. REC CMD Vivek Kumar Dewangan signed the MoU for FYs 2023-24 and 2024-25 with PFC CMD Parminder Chopra in the presence of directors and other senior officials from both REC…

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Business

Adani Ports, Adani Enterprises’ Promoters Raise Stake

Posted on September 9, 2023 By admin
Adani Ports, Adani Enterprises’ Promoters Raise Stake

New Delhi: The promoters of Adani Ports & SEZ have acquired an additional 2.17 per cent stake in the company, according to exchange filings. With this, the promoters have raised their stake to 65.23 per cent from 63.06 per cent. The promoters of Adani Enterprises acquired an additional 2.06 per cent stake in the company….

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Business

Coal scam | Delhi court allows Naveen Jindal to travel abroad

Posted on September 9, 2023 By admin
Coal scam | Delhi court allows Naveen Jindal to travel abroad

A Delhi court has allowed Congress leader and industrialist Naveen Jindal, accused in three cases related to alleged irregularities in the allocation of coal blocks, to travel to Oman and UAE from September 11 to 13. Special Judge Arun Bhardwaj allowed Mr. Jindal’s application noting he had travelled abroad several times in the past and…

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