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Sanjiv Puri, Chairman and Managing Director, ITC Ltd, and President of CII, addresses a press conference, in New Delhi on June 13, 2024. | Photo Credit: ANI Industry body CII on Thursday made a case for pushing reforms in sectors like land, labour, and agriculture by the Modi 3.0 government to accelerate economic growth estimated…
Read More “CII wants Centre to push land, labour, agriculture reforms to boost growth” »
The rupee consolidated in a narrow range and settled for the day lower by 7 paise at 83.55 (provisional) against the U.S. dollar on Thursday even as both the domestic equity benchmark indices touched all-time high levels. Forex traders said rupee was seen resilient against the dollar, even after volatility witnessed in the dollar index,…
Read More “Rupee falls 7 paise to close at 83.55 against U.S. dollar” »
Equity benchmark indices Sensex and Nifty hit their fresh record levels on Thursday after lower inflation numbers raised hopes of an interest rate cut by the RBI. Besides, heavy buying in capital goods, consumer durable and industrial stocks also helped the indices, traders said. Retail inflation continued its downward slide to reach a one-year low…
Read More “Sensex, Nifty scale fresh peaks as inflation cools off” »
Bharatiya Janata Party (BJP) leader Nirmala Sitharaman arrives to assume charge as the Union Finance Minister, at the Ministry of Finance in New Delhi on June 12, 2024. | Photo Credit: ANI The Centre has decided to convene a meeting of the Goods and Services Tax (GST) Council on June 22, eight-and-a-half months after its last…
Read More “GST Council to meet on June 22: What will be the agenda?” »
Investors and brokers react after monitoring thestock prices on a digital screen. File photo | Photo Credit: ANI Benchmark equity indices Sensex and Nifty hit their fresh record high levels in early trade on Thursday, June 13, 2024, after retail inflation slipped to one-year low in May along with buying in IT stocks. The 30-share…
Read More “Stock Market Today: Sensex, Nifty hit fresh record high levels in early trade” »
FILE PHOTO: A security guard walks past the logo of the National Stock Exchange (NSE) inside its building in Mumbai, India, May 28, 2019. | Photo Credit: FRANCIS MASCARENHAS The activity of the stock market as the general elections drew to a close has been a subject of controversy. Indian stocks hit record highs after…
Read More “Were retail investors hurt by the June 4 market crash? | Data” »
Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference in Washington, DC. | Photo Credit: Getty Images via AFP The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March…
Read More “U.S. Fed holds interest rates, now sees just one cut this year” »
People disembark from a ferry at the Pansodan jetty in Yangon, Myanmar on Nov. 12, 2021. Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country’s civil war increasingly disrupts trade and livelihoods. File | Photo Credit: AP Myanmar, once a thriving emerging economy, is struggling to regain momentum as the…
Read More “Myanmar’s economy in crisis as civil strife disrupts trade and livelihoods” »
With prices rising 17.14% in May, pulses have now completed a year of over 10% inflation. File | Photo Credit: The Hindu India’s consumer price inflation eased a tad from 4.83% in April to a one-year low of 4.75% in May, but food price rise remained unchanged at 8.7%, with urban households facing a sharper…
Read More “Rural inflation still over 5%; food inflation nears 9% in urban India” »
State-owned NBCC (India) Limited has bagged a ₹100 crore contract from Oil India to construct a centralised core repository with advanced laboratory facilities, in Guwahati in Assam. In a statement on June 12, NBCC said it has inked a Memorandum of Understanding (MoU) with Oil India for the construction of a centralised core repository with…
