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Nervousness gripped the equity markets on April 15 following the geopolitical tensions in West Asia, with the 30-share BSE Sensex and the NSE Nifty registering a fall, however, the benchmark indices have recovered some lost ground. At 10:45 a.m. the Sensex was down 488.57 points or 0.66% to 73,756.33 and the the Nifty-50 index too…
Read More “Sensex recovers after tanking 900 points amid Israel-Iran tensions” »
Image used for representative purpose only | Photo Credit: AFP Automobile exports from India declined 5.5% in FY24 due to the monetary crisis in various overseas markets, according to the latest data shared by industry body SIAM. Overall exports stood at 45,00,492 units in the last fiscal compared to 47,61,299 units in FY23. Commenting on…
Read More “Automobile exports from India dip 5.5% in FY24” »
On April 2, 2024, Food Safety and Standards Authority of India directed all e-commerce food business operators to ensure appropriate categorisation of food products being sold on their websites. Photo: X/@fssaiindia The government has asked all the e-commerce companies to remove drinks and beverages, including Bournvita, from the health drinks category from their portals. “National…
Watch | The troubles behind Vistara’s massive flight cancellations I Explained Starting March 30, Vistara began to see scores of flight cancellations flooding social media with passenger complaints. Over the next four or five days, the airline saw over 150 flights cancelled and more than 200 flights delayed for more than two hours. The airline…
Read More “Watch | The troubles behind Vistara’s massive flight cancellations” »
The government has invoked an emergency clause to direct imported coal-fired plants to operate at full capacity till the end of the summer season. File | Photo Credit: AP India has extended a mandate on imported coal-based power plants to operate at full capacity until October 15 to meet the anticipated high demand for electricity…
Read More “India extends operation of imported coal-based power plants until October 15” »
Tea Association of India (TAI), a leading body of planters, on April 12 sought the release of “pending subsidies” from the Tea Board to carry out developmental activities undertaken at various gardens. The Tea Board has been extending subsidy and financial incentives for undertaking various activities relating to improving production and quality of tea under…
Read More “Industry body seeks release of ‘pending’ subsidies by Tea Board” »
A similar easing was recorded in pulses, whose prices rose 17.7% in March, 2024, from 18.5% in February. | Photo Credit: Sushil Kumar Verma India’s retail inflation moderated to a ten-month low of 4.85% in March from 5.1% in February, but food inflation remained sticky at 8.52%, little changed from the 8.66% recorded in the…
Read More “Inflation drops to 10-month low in March 2024, but no relief on food bills yet” »
Moody’s corporate headquarters in New York. File | Photo Credit: Reuters Moody’s Analytics on April 12 projected India’s economy to expand 6.1% in 2024, lower than 7.7% growth clocked in 2023. It said output in India remains 4% lower than it would have been without the COVID pandemic and its various aftershocks — from supply…
Read More “India’s GDP to grow 6.1% in 2024: Moody’s Analytics” »
Vodafone Idea said its board has approved a Follow-on Public Offering (FPO) of equity shares of up to ₹18,000 crore. Image used for representative purpose only. | Photo Credit: Reuters Telecom operator Vodafone Idea on April 12 said its board has approved a Follow-on Public Offering (FPO) of equity shares of up to ₹18,000 crore….
Read More “Vodafone Idea FPO worth ₹18,000 to open from April 18” »
Equity benchmark indices declined in early trade on April 12 after a record-breaking rally in the previous trade. | Photo Credit: REUTERS Equity benchmark indices declined in early trade on April 12 after a record-breaking rally in the previous trade as investors went in for profit-taking amid weak trends from Asian markets. The hotter-than-expected U.S….
Read More “Stock Market Today: Markets decline in early trade after record-breaking rally” »
