Category: Business

Business

Cooperatives are the solution for hunger, farmers’ woes: Brazil Agriculture Minister

November 2, 2023 admin

Union Minister Shobha Karandlaje with Brazilian Agriculture Minister Carlos Favaro in Delhi. | Photo Credit: Twitter/@PIB_India Brazil’s Minister of Agriculture and Livestock Carlos Fávaro said in Delhi on Thursday that cooperative production and cooperative marketing in the agricultural sector can help address the crisis that has hit global trade in food, especially after the war-like…

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The tussle between West Bengal government and Tata Motors in Singur | Explained

November 2, 2023 admin

File photo: A private security guard walks outside the closed Tata Motors Nano car factory in Singur in this April 27, 2011. | Photo Credit: Reuters The story so far: In what could serve as an epilogue to a long-drawn tussle between Tata Motors and the West Bengal Industrial Development Corporation (WBIDC), an arbitration panel on…

Business

Stock markets rebound after two days of fall amid global rally

November 2, 2023 admin

Bombay Stock Exchange on Dalal Street. File | Photo Credit: Vivek Bendre Benchmark equity indices Sensex and Nifty rebounded nearly 1% on Thursday after a two-day decline, following a rally in global markets amid the U.S. Federal Reserve keeping rates unchanged. The 30-share BSE Sensex jumped 489.57 points or 0.77% to settle at 64,080.90. During…

Business

Rupee settles 2 paise higher at 83.26 against U.S. dollar

November 2, 2023 admin

How the Indian Rupee fared in the last six days. | Photo Credit: PTI The rupee stayed range-bound and settled 2 paise higher at 83.26 against the U.S. dollar on Thursday as the American currency retreated from its elevated levels after the U.S. Federal Reserve was a bit dovish in its policy meeting. Forex traders…

Business

As Apple alert to Opposition leaders is investigated, clarity remains out of reach

November 2, 2023 admin

Apple’s security alert was delivered on Monday night to top leaders in the Congress and other Opposition outfits, as well as some journalists and civil society members. File | Photo Credit: Reuters As Opposition leaders intensified allegations of government snooping after receiving alerts from the tech firm Apple that a “state-sponsored attacker” may be targeting…

Business

Rupee rises 9 paise to 83.19 against U.S. dollar in early trade

November 2, 2023 admin

Image used for representational purpose only. | Photo Credit: Reuters The rupee appreciated by 9 paise to 83.19 against the U.S. dollar in early trade on November 2, tracking its Asian peers as risk-on sentiments prevailed in the market as the U.S. Fed was a bit dovish in its policy meeting. A weak U.S. dollar…

Business

India’s smaller rice crop paves way for prolonged export curbs

November 2, 2023 admin

For the first time in eight years, India’s rice output is expected to drop this year, raising the prospect that Prime Minister Narendra Modi’s government will extend curbs on exports of the grain to keep a lid on food prices ahead of elections. Production in India, the world’s largest rice exporter, is under unusually intense…

Business

Markets jump in early trade after two days of fall

November 2, 2023 admin

A file photo used for representational purpose only. | Photo Credit: Reuters Equity benchmark indices rebounded nearly 1% in early trade on November 2 after a two-day decline, following a rally in global markets amid the U.S. Fed keeping rates unchanged. The 30-share BSE Sensex jumped 593.8 points to 64,185.13 in early trade. The Nifty…

Business

Riding on festive demand, passenger vehicle sales soar to record high in October

November 1, 2023 admin

Passenger vehicle wholesales in India rose to a record high in October as companies pushed dispatches to dealers to cater to the enhanced demand in the festive season. The overall passenger vehicle wholesales in October rose to 3,91,472 units, up 16 per cent from 3,36,679 units in the same month last year. Last month witnessed…

Business

IT return filings climb to record at 7.65 crore

November 1, 2023 admin

Income Tax Return (ITR) filings for this assessment year crossed a record 7.65 crore by October 31, about 11.7% higher than the 6.85 crore returns filed by November 7 last year, the Income Tax Department said on Wednesday. | Photo Credit: Twitter/@IncomeTaxIndia Income Tax Return (ITR) filings for this assessment year crossed a record…

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