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Photo used for representation purpose only. File | Photo Credit: G.N. Rao Output from India’s eight core sectors grew 8.1% in September, led by sharp upturns in coal, steel and electricity production, even as crude oil slipped back into contraction mode after two months of growth. While September’s growth rate for core sectors is the…
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A view of a forex trading firm in Mumbai. File | Photo Credit: Reuters The rupee settled flat at 83.26 (provisional) against the U.S. dollar on October 31 as weak domestic equity markets and sustained foreign fund outflows weighed on investor sentiments. However, a decline in crude oil prices supported the local currency amid geopolitical…
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A file photo of BSE building in Mumbai. | Photo Credit: Reuters Equity benchmark indices snapped two days of rally to settle lower on October 31 amid unabated foreign fund outflows and escalating tensions in the Middle East. Besides, investors were cautious ahead of the US Federal Reserve’s interest rate decision. The 30-share BSE Sensex…
Pakistan’s gold demand fell 11% to 11.6 tonne during the third quarter of 2023 from 13 tonne in the year-ago period, while Sri Lanka’s gold demand rose substantially to 2.4 tonne from 0.3 tonne. (Representational image only.) | Photo Credit: Reuters Global gold demand declined by six per cent to 1,147.5 tonne during the third…
Read More “Global gold demand drops 6% in Q3; India, China demand up” »
Air India declined to comment and the two chief executives did not respond to requests for comment. NEW DELHI: The chief executives of Air India and Akasa Air have privately exchanged barbs over the poaching of pilots, with the latter accusing its bigger rival of rule violations, provoking a reply that collusion to curb job…
Equity benchmark indices climbed over 300 points in early trade on Tuesday, October 31, 2023, but soon turned volatile as investors retreated to the sidelines amid unabated foreign fund outflows and escalating tensions in the Middle East. Besides, investor sentiments were cautious ahead of the US Federal Reserve’s interest rate decision, traders said. The 30-share…
The rupee inched up 1 paisa against the US dollar in early trade on Tuesday, October 31, 2023, as the support from positive domestic equities was negated by elevated crude oil prices and a strong American currency overseas. Forex traders said the dollar strengthened on safe-haven demand. However, a positive trend in domestic equities supported…
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File picture of Reliance Industries chairman Mukesh Ambani | Photo Credit: Reuters Reliance Industries Chairman Mukesh Ambani has received a threat email from an unidentified person seeking ₹400 crore, police said on Tuesday. Ambani’s company received the email on Monday. It is the third threat email sent to Ambani in four days, an official said….
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Infosys founder NR Narayana Murthy | Photo Credit: Deepak KR Infosys founder N.R. Narayana Murthy recently said that young Indians must work for 70 hours a week. The comment has been met with support from some and criticism from others. The comments were made in the first episode of a video series published by 3one4…
Infosys founder NR Narayana Murthy | Photo Credit: DEEPAK KR Infosys founder N.R. Narayana Murthy recently said that young Indians must work for 70 hours a week. The comment has been met with support from some and criticism from others. The comments were made in the first episode of a video series published by 3one4…
