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The rupee pared its initial gains and settled for the day lower by 2 paise at an all-time low of 83.10 (provisional) against the U.S. dollar on Thursday, weighed down by a strong greenback overseas and a negative trend in domestic equities. Forex traders said rupee is likely to trade with a negative bias on…
Read More “Rupee falls 2 paise to close at all-time low of 83.10 against U.S. dollar” »
India observed its 77th Independence Day this year. This analysis measures India’s relative performance in the past 76 years compared to other countries across four parameters — GDP per capita, Human Development Index (HDI), Infant Mortality Rate (IMR) and women’s participation in Parliament. Owing to technological advancement and infrastructural development, India and other countries have…
Read More “Data | Measuring India’s relative progress in the past 76 years” »
The rupee recovered from its all-time low levels and appreciated by 9 paise to 82.99 against the U.S. dollar in early trade on August 16 as crude oil price retracted from its elevated levels. | Photo Credit: Reuters The rupee recovered from its all-time low levels and appreciated by 9 paise to 82.99 against the…
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Benchmark equity indices began the trade on a muted note on August 17 and fell further in line with weak trend in global markets. | Photo Credit: PTI Benchmark equity indices began the trade on a muted note on August 17 and fell further in line with weak trend in global markets. The 30-share BSE…
Watch | Is India’s ‘Make-at-home’ good industrial policy? The government of India introduced restrictions on the import of laptops and tablets. The restriction is that only on prior grant of licence can any import take place. This was with immediate effect. With some intense pushback from the industry, the effective date has been deferred to…
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Benchmark equity indices Sensex and Nifty pared early losses to close higher for a second straight session on Wednesday, supported by fag-end buying in index majors Infosys, L&T and M&M amid a mixed trend in global markets. In a volatile trade, the 30-share BSE Sensex climbed 137.50 points or 0.21% to settle at 65,539.42. During…
Read More “Markets extend gains on fag-end buying; Infosys, L&T shine” »
The logo of the Adani group is seen on the facade of one of its buildings on the outskirts of Ahmedabad. File | Photo Credit: REUTERS U.S.-based boutique investment firm GQG Partners has invested $1.1 billion in Adani Power for an 8.1% stake, sources with knowledge of the matter said on Wednesday. GQG Partners bought…
Read More “GQG picks up 8.1% in Adani Power for $1.1 billion” »
Unsoo Kim, MD & CEO, Hyundai Motor India Ltd. File | Photo Credit: Kamal Narang Hyundai Motor India Limited (HMIL) said it has signed an Asset Purchase Agreement (APA) for the acquisition and assignment of identified assets related to General Motors India (GMI)’s Talegaon Plant in Maharashtra. Unsoo Kim, Managing Director and CEO of Hyundai…
Petrol sales fell 8 per cent to 1.19 million tonnes in the first fortnight of August 2023, when compared with the same period last year. File photo | Photo Credit: Nagara Gopal India’s petrol and diesel consumption fell in the first half of August from the previous month and a year ago, as monsoon rains…
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Pedestrians and shoppers walk past a branch of fashion retailer H&M. The brand is investigating cases of labour abuse at its factories in Myanmar | Photo Credit: Reuters H&M is following up on 20 alleged instances of labour abuse at Myanmar garment factories that supply the world’s second-largest fashion retailer, just weeks after top rival…
Read More “H&M probes Myanmar factory abuses as pressure intensifies” »
