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Benchmark equity indices ended higher on Wednesday, with the Nifty hitting its fresh record closing level, mainly due to buying in power, capital goods and industrial stocks amid a largely positive trend in global equities. Besides, a heavy rush on select index-heavyweight counters like HDFC Bank and Reliance Industries boosted investors’ sentiment, traders said. In…
Read More “Nifty hits fresh all-time high; Sensex climbs 150 points” »
At the interbank foreign exchange market, the local unit opened at 83.56. | Photo Credit: REUTERS Rupee appreciated 3 paise to close at 83.56 (provisional) against the U.S. dollar on Wednesday, on positive domestic market, wherein benchmark sensitive index Nifty touched a fresh all-time high. Forex traders said rupee is trading in a narrow range…
Read More “Rupee rises 3 paise to close at 83.56 against U.S. dollar” »
Representational image of the seal of the Board of Governors of the United States Federal Reserve System | Photo Credit: AP United States Federal Reserve officials will likely make official what’s been clear for many weeks: With inflation sticking at a level above their 2% target, they are downgrading their outlook for interest rate cuts….
ACT Fibernet is now available in 30 cities and towns. Photo: X/@ACTFibernet Home internet provider ACT Fibernet announced on June 12 that it was expanding service to more towns and neighbouring districts of existing markets. In Andhra Pradesh, the Class-A internet service provider (ISP) said it has launched services in Machilipatnam (expanding from existing market Guntur),…
Read More “ACT Fibernet adds cities in A.P., NCR, as home broadband growth outpaces telecom” »
The World Economic Forum said India’s economic parity score has trended upwards for the past four years. | Photo Credit: AFP India has slipped two places on the World Economic Forum’s (WEF) Global Gender Gap index to 129th place, while Iceland retained its top position in the rankings published on June 12. Within South Asia,…
Read More “India ranks 129 on Global Gender Gap index; Iceland on top: WEF” »
The RBI, in a recent proposal, asked banks and NBFCs to set aside a provision of 5% of the total loan amount of infrastructure projects at the construction phase. File | Photo Credit: Reuters The Indian Banks’ Association (IBA) will ask the Reserve Bank of India (RBI) to keep provisioning for infrastructure project loans unchanged…
Image used for representative purpose only. File. | Photo Credit: Reuters Benchmark equity indices climbed on June 12, with the Nifty hitting its fresh record high level and Sensex climbing nearly 600 points, amid buying in market blue-chip stocks HDFC Bank and Reliance Industries. Buying in IT stocks also propelled the rally in the markets….
Read More “Nifty hits new all-time high level; Sensex jumps nearly 600 points” »
At the interbank foreign exchange market, the local unit opened at 83.56 and gained further to trade at 83.54 against the greenback in initial deals. File. | Photo Credit: Reuters The rupee appreciated 5 paise to 83.54 against the U.S. dollar in early trade on June 12, boosted by positive sentiments in the domestic equity…
Read More “Rupee rises 5 paise to 83.54 against U.S. dollar in early trade” »
Tyre exports from India made a sharp recovery in the second half of 2023-24 fiscal and went up by 12% in value terms compared to the same period during the previous fiscal, according to data recently released by the Ministry of Commerce. In the first, tyre exports were severely impacted by falling demand in view…
Read More “Indian tyre exports register sharp recovery in second half of last fiscal” »
Minister of Agriculture and Farmers Welfare and Minister of Rural Development Shivraj Singh Chouhan, offering prayer during assuming charge, at his office in New Delhi on June 11, 2024. | Photo Credit: Shiv Kumar Pushpakar Senior BJP leader Shivraj Singh Chouhan took charge of the Union Agriculture Ministry and Rural Development. He had held an…
