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A file photo of Shiv Sena leader Milind Deora. | Photo Credit: EMMANUAL YOGINI Shiv Sena’s Rajya Sabha member Milind Deora has claimed that the Congress, which once ushered in economic reforms, currently has a divisive economic agenda which seeks to derail India’s economic growth trajectory. In an interview to PTI, Mr. Deora said the…
Former RBI governor Raghuram Rajan said regardless of whether one picks services, manufacturing, agricultural construction, India has a problem. File | Photo Credit: PTI India is not reaping the benefits of demographic dividends, former RBI governor Raghuram Rajan said on April 16, emphasising that there is a need to focus on improving the human capital…
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Solar panels installed next to a wheat field at Vahelal village, about 40 km from Ahmedabad. | Photo Credit: AFP The story so far: On April 5 the Reserve Bank of India (RBI) green lighted investments in the country’s Sovereign Green Bonds (SGrBs) by Foreign Institutional Investors (FIIS) — investors such as insurance companies, pension…
Read More “Why has India allowed FIIs to invest in its green bonds? | Explained” »
The S&P BSE Sensex shed 0.62% to 72,943.68, extending losses to a third straight session. File | Photo Credit: PTI India’s currency, debt and equity markets will be closed on Wednesday, April 17, for Ram Navami. Trading will resume on Thursday, April 18. The blue-chip NSE Nifty 50 fell 0.56% to 22,147.90 while the S&P…
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Zee Entertainment logo | Photo Credit: Reuters ZEE Entertainment Enterprises Ltd on Tuesday said it has withdrawn its application, seeking implementation of the merger with Sony, filed before the National Company Law Tribunal Mumbai bench. The company filed an application with the NCLT on January 24, 2024, seeking directions on the implementation of a composite…
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London The International Monetary Fund (IMF) on Tuesday raised its growth projection for India’s GDP in the current fiscal year 2024/25 to 6.8%, and forecast a 6.5% expansion next year. The latest FY25 forecast is a 0.3 percentage point upward revision from January’s projection, the IMF said in its World Economic Outlook April 2024, released…
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File. | Photo Credit: Reuters The rupee depreciated 14 paise to close at 83.57 (provisional) against the U.S. dollar on April 16, weighed down by a negative trend in domestic equities and a strong greenback against major crosses overseas amid geopolitical tensions. Forex traders said a weak appetite for riskier assets and recent foreign capital…
Read More “Rupee falls 14 paise to close at 83.57 against U.S. dollar” »
From the Sensex basket, Infosys, IndusInd Bank, Bajaj Finserv, Wipro, HCL Technologies, Bajaj Finance, Tech Mahindra, Tata Consultancy Services, and Larsen & Toubro were the major laggards. File. | Photo Credit: PTI Equity benchmark indices Sensex and Nifty continued to slump on April 16 dragged down by heavy selling in IT stocks amid weak global…
Read More “Markets slump for third day on fears of escalating tensions in Middle East” »
On April 15, the Rupee declined six paise to settle at 83.44 against the U.S. dollar. | Photo Credit: The Hindu The Rupee depreciated nine paise to 83.53 against the U.S. dollar in early trade on April 16, weighed down by a strong American currency and elevated crude oil prices. Forex traders said a negative…
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Continuing its downtrend for the third day running, the 30-share BSE Sensex tanked 585.63 points to 72,814.15 on April 16, 2024. File | Photo Credit: PTI Equity benchmark indices continued to slump in early trade on April 16 on fears of escalating tensions in the Middle East and weak global trends. Foreign fund outflows and uptick…
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