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Men watch stock news on a display screen as Sensex opens. File. | Photo Credit: ANI Benchmark equity indices jumped in late morning trade on June 7, extending their rally to the third straight session, after the RBI decided to keep the policy rate unchanged for the eighth time in a row, in line with…
Read More “Markets hold on to early gains after RBI monetary policy decision” »
RBI Governor Shaktikanta Das on June 7, 2024, said the Monetary Policy Committee has decided to keep the repo rate unchanged at 6.5%. File | Photo Credit: ANI The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5%. The decision, taken at the…
Read More “RBI MPC Meeting: Repo rate unchanged at 6.5% for 8th time in a row” »
The rupee appreciated 6 paise to 83.47 against the U.S. dollar in early trade on Friday ahead of the RBI monetary policy announcement. | Photo Credit: REUTERS The rupee appreciated 6 paise to 83.47 against the U.S. dollar in early trade on Friday ahead of the RBI monetary policy announcement. Forex traders said the outflow…
Read More “Rupee rises 6 paise to 83.47 against U.S. dollar in early trade” »
A power generating windmill turbine in Gujarat. File | Photo Credit: Reuters India will have to invest as much as $385 billion to meet its target of 500 gigawatts (GW) of renewable energy by 2030, but coal will remain a key source of electricity generation for the next decade, Moody’s Ratings said on June 6….
The momentum in air passenger traffic witnessed in FY2024 is expected to continue into FY2025, ICRA said. File. Image for representation. | Photo Credit: The Hindu Domestic air passenger traffic grew 5.1% year-on-year to an estimated 138.9 million in May and was significantly higher by around 14 per cent than pre-COVID levels, credit ratings agency…
Read More “Domestic air passenger traffic grows 5.1% to about 138.9 million in May: ICRA” »
A Delhi court on June 6 granted bail to Supertech chairman and promoter R.K. Arora in a money laundering case. Additional Sessions Judge Devender Kumar Jangala granted relief to Mr. Arora, noting that there was no likelihood of him evading the trial or influencing the investigation. Mr. Arora was arrested in June 2023. As many…
Read More “Delhi court grants bail to Supertech chairman R.K. Arora in money laundering case” »
Photo used for representation purpose only. | Photo Credit: Sushil Kumar Verma India’s food inflation may have hardened further in May, as the average cost of a home-cooked vegetarian meal in India surged 9% compared with 8% in April to hit a four-month high. Tomato, onion, and potato prices surged around 40%, while the inflation…
Read More “Food price rise likely to have escalated in May” »
On June 6, the Rupee settled seven paise higher at 83.44 against the dollar. | Photo Credit: The Hindu The Rupee depreciated five paise to settle at 83.49 (provisional) against the U.S. dollar on June 6 due to foreign capital outflows and rising crude oil prices overseas. Forex traders said a weak American currency and…
Read More “Rupee falls five paise to 83.49 against U.S. dollar” »
The Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: PTI Benchmark equity indices Sensex and Nifty ended nearly 1% higher on Thursday, continuing their rally for the second straight day as Prime Minister Narendra Modi is poised to form the government for the third consecutive term. Regaining the 75,000 level, the 30-share BSE…
Read More “Stock markets extend rally to 2nd day on easing political worries” »
The countries agreed to coordinate the respective countries’ bio policies, regulations, and research and development support measures. File | Photo Credit: Reuters South Korea, India, the United States, Japan, and the European Union (EU) have come together to launch an alliance to put joint efforts into building a resilient supply chain in the biopharmaceutical sector,…
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