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India’s merchandise exports fell 4.83% to $32.11 billion in November. File photo | Photo Credit: PTI India’s merchandise exports fell 4.83% to $32.11 billion in November while the import bill jumped 27% to a record high of almost $70 billion, as per data released by the Commerce Ministry. The trade deficit has also soared to…
Read More “India’s imports rises to 27%, touches to record high of almost $70 billion” »
Bazel International Ltd, a Non-Banking Financial Company (NBFC), has announced the acquisition of SR Industries Ltd. through the corporate resolution process facilitated by the National Company Law Tribunal (NCLT). “With this acquisition, Bazel becomes the majority shareholder of SR Industries and takes full ownership of its advanced footwear manufacturing plant in Una, Himachal Pradesh,” the…
Solar-powered agricultural water pump systems provider GK Energy Limited has filed preliminary papers with markets regulator SEBI to garner funds through an initial public offering (IPO). The proposed IPO of the Pune-based firm is a combination of fresh issue of shares worth ₹500 crore and an Offer-for-Sale (OFS) of ₹84 lakh equity shares by selling…
Anand Rathi Group’s brokerage arm, Anand Rathi Share and Stock Brokers has filed draft papers with capital markets regulator Sebi to raise ₹745 crore through an Initial Public Offering (IPO). The proposed IPO consists entirely of a fresh issue of shares worth up to ₹745 crore, with reservations included for subscriptions by eligible employees, as…
Read More “Anand Rathi Share and Stock Brokers files draft papers with SEBI for ₹745-crore IPO” »
Representational image of an aerial view of a footpath market in Bengaluru. Food price inflation decelerated to 8.9% in November 2024 from a 25-month high of 11.6% in October | Photo Credit: Sudharaka Jain India’s wholesale prices rose at a three-month low pace of 1.89% in November, easing from October’s 2.4% uptick, with food price…
Read More “Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%” »
The Indian Rupee logo is seen inside the Reserve Bank of India (RBI) headquarters in Mumbai. | Photo Credit: REUTERS The rupee fell 3 paise to 84.83 against the U.S. dollar in early trade on Monday (December 16, 2024), dragged down by a muted trend in domestic equities and elevated crude oil prices. Forex traders…
Read More “Rupee falls 3 paise to 84.83 against U.S. dollar in early trade” »
A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: REUTERS Benchmark indices Sensex and Nifty declined in early trade on Monday (December 16, 2024) in line with weak global cues and caution ahead of the WPI inflation data to…
Read More “Markets decline in early trade amid weak global trends” »
For representative purposes. | Photo Credit: iStockphoto The story so far: COP29, the ongoing climate conference in Azerbaijan’s capital Baku, has given a fillip to the idea of using carbon markets to curb carbon emissions by approving standards that can help in the setting up of an international carbon market as soon as the coming…
Read More “How would a carbon market function? | Explained” »
Report says increase in expenditure is fuelled only by the rise in prices. | Photo Credit: NIHARIKA KULKARNI In November, 88.6% respondents in urban households said that their spending on essential items had increased from a year ago, the highest such share in the last nine years. In the same month, 30% of respondents said…
Read More “Share who spent more rose amid dip in share who earned more” »
Federation of Minor Minerals Industry secretary-general Dr. Ch. Rao. File photo: Special Arrangement FEMMI expresses concern over Andhra Pradesh mining sector crisis, urges government intervention for sustainable industry development. SRIKAKULAM The Federation of Minor Minerals Industry (FEMMI) has expressed grave concern over the alarming state of the mining sector in Andhra Pradesh, which has been…
