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Category: Business

Business

Explained | Understanding curbs on rice exports

Posted on August 30, 2023 By admin
Explained | Understanding curbs on rice exports

Farmers plant rice saplings in a paddy field on the outskirts of Amritsar on June 19. | Photo Credit: AFP The story so far: In a move to check domestic rice prices and ensure domestic food security, the Indian government has prohibited the export of white rice, levied a 20% export duty on par-boiled rice…

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Business

Thirty-two firms express interest in IT hardware PLI: Minister

Posted on August 30, 2023 By admin
Thirty-two firms express interest in IT hardware PLI: Minister

File photo: Employees work at the assembly line inside TMB’s mobile phone battery manufacturing plant in Noida, India, October 12, 2018 | Photo Credit: ANUSHREE FADNAVIS Thirty-two firms have expressed interest in the Ministry of Electronics and Information Technology’s subsidies for local laptop, PC, server and tablet assembly, IT Minister Ashwini Vaishnaw said on Wednesday….

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Business

Data | Cost of preparing meals at home rose by 65% in five years, wages by just 28%-37%

Posted on August 30, 2023 By admin
Data | Cost of preparing meals at home rose by 65% in five years, wages by just 28%-37%

The cost of a home-cooked vegetarian thali in Mumbai has increased by 65% in the last five years. At the same time, the average wage earned by a casual labourer working in urban Maharashtra has increased by only 37% and that of a salaried worker has increased by 28%. This disparity between wages/salaries and expenditure…

Read More “Data | Cost of preparing meals at home rose by 65% in five years, wages by just 28%-37%” »

Business

Gold jumps ₹300; silver climbs ₹400

Posted on August 30, 2023 By admin
Gold jumps ₹300; silver climbs ₹400

Image used of representation purpose only. File | Photo Credit: AP Gold prices jumped ₹300 to ₹60,100 per 10 grams in the national capital on August 30 amid strong global cues, according to HDFC Securities. In the previous trade, the precious metal had closed at ₹59,800 per 10 grams. Silver also bounced ₹400 to ₹77,500…

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Business

Sensex, Nifty pare early gains to end on flat note

Posted on August 30, 2023 By admin
Sensex, Nifty pare early gains to end on flat note

Bombay Stock Exchange (BSE) building, in Mumbai. File | Photo Credit: PTI Benchmark equity indices Sensex and Nifty closed on a flat note on Wednesday amid weak global cues. Shedding most of the gains made during the day, the 30-share BSE Sensex ended 0.02% or 11.43 points higher at 65,087.25 points. Similar trends were witnessed…

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Business

Rupee recovers 6 paise to settle at 82.74 against U.S. dollar

Posted on August 30, 2023 By admin
Rupee recovers 6 paise to settle at 82.74 against U.S. dollar

On the domestic equity market front, the BSE Sensex closed higher by 11.43 points or 0.02% at 65,087.25 points. Image for representation purpose only. File | Photo Credit: Reuters The rupee recovered 6 paise to settle at 82.74 (provisional) against the U.S. currency on Wednesday following weakness in the U.S. dollar in global markets. FII…

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Business

Struggling On TikTok? Celebian Is The Growth Boost You Need

Posted on August 30, 2023 By admin
Struggling On TikTok? Celebian Is The Growth Boost You Need

TikTok has exploded in popularity over the last few years, becoming one of the most engaging and talked-about social media platforms. For marketers, TikTok presents an exciting new opportunity to reach a broader, younger audience. The app now has over 1 billion monthly active users, many of whom spend hours each day consuming its bite-sized…

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Business

Rupee rises 7 paise to 82.73 against U.S. dollar in early trade

Posted on August 30, 2023 By admin
Rupee rises 7 paise to 82.73 against U.S. dollar in early trade

The rupee rose by 7 paise to 82.73 against the U.S. dollar on August 30 amid a positive sentiment in equity markets. Rising crude oil prices and strengthening dollar, however, weighed on the Indian currency, according to Forex traders. At the interbank foreign exchange, the domestic unit opened stronger at 82.67 and hit the level…

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Business

Sensex jumps 322 points in early trade

Posted on August 30, 2023 By admin
Sensex jumps 322 points in early trade

The Sensex jumped 322.09 points or 0.49% to 65,397.91 points. File Continuing their positive momentum, the benchmark stock indices jumped in early trade on Wednesday (August 30), with the Sensex surging more than 322 points amid positive global cues. The Sensex jumped 322.09 points or 0.49% to 65,397.91 points, while the broader Nifty rose 84.30…

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Business

Savart launches AI-powered portfolio management service

Posted on August 30, 2023 By admin
Savart launches AI-powered portfolio management service

Investment adviser Savart has launched a portfolio management service called Ad Astra Fund featuring an end-to-end research automation, from investment opportunity discovery until exit. The fund transforms traditional human-led investment research processes and increases probability of achieving a superior return on investment, Savart founder and CEO Sankarsh Chanda said. The research and investment decision-making is…

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