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A security guard walks past the logo of the National Stock Exchange (NSE) in Mumbai. File photo | Photo Credit: Reuters Benchmark equity indices rebounded after two consecutive days of fall on Thursday, April 4, 2024, with Sensex and Nifty touching their all-time high levels as investors rushed to value-buying in bellwether stocks ahead of…
Read More “Markets rebound in early trade; Sensex, Nifty hit fresh peaks” »
Virgin Atlantic announced its fifth flight to India with a second daily connection between Mumbai and London from October 2024. CEO Shai Weiss said, “We see infinite demand out of India. Why? Because I think only 7% of the population have a passport. The number of trips for every 100 people in India is probably…
Read More “Virgin Atlantic announces fifth daily flight between India and the U.K.” »
A crude oil refinery. File image for representation. | Photo Credit: AP India, the world’s third biggest oil consumer and importer, plans to build its first commercial crude oil strategic storage as part of efforts to shore up stockpiles as insurance against any supply disruption. Indian Strategic Petroleum Reserves Ltd (ISPRL), a special purpose vehicle…
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Image used for representative purpose only. | Photo Credit: REUTERS The rupee depreciated by 3 paise to close at 83.45 (provisional) against the U.S. dollar on Wednesday, weighed down by elevated crude oil prices in international markets and persistent foreign fund outflows. A muted trend in domestic equities also dented investor sentiments, forex traders said….
Read More “Rupee falls 3 paise to close at 83.45 against U.S. dollar” »
Bombay Stock Exchange (BSE) building. | Photo Credit: REUTERS Equity benchmark indices Sensex and Nifty settled lower for the second straight session on Wednesday due to profit-booking in select banking and auto stocks amid mixed trends from the global markets and outflow of foreign funds. The 30-share BSE Sensex declined by 27.09 points or 0.04%…
Read More “Markets end lower amid profit-booking, mixed global cues” »
Photo: Facebook/@Haldiram’s The Delhi High Court on April 3 declared that the “Haldiram” mark is a well-known trademark with respect to food items, restaurants and eateriesm not only in India but globally also. “There is no doubt that the ‘Haldiram’s’ brand, with its origins deeply rooted in India’s rich culinary tradition, has not only established…
Read More “Delhi HC declares ‘Haldiram’ as well-known trademark” »
Workforce assembling smartphones in an Indian mobile manufacturing unit in Hyderabad. | Photo Credit: Mohammed Yousuf Tamil Nadu, India’s largest exporter of electronic goods in FY23, accounted for 30% of all electronic goods exports from India in FY24. The State is in fact a late bloomer in this sector, with Uttar Pradesh and Karnataka dominating…
The logo of the Adani group on an office in Ahmedabad. Representational image | Photo Credit: Reuters Adani Green Energy Ltd on Wednesday said it has commissioned 2,000 MW of solar capacity at the giant Khavda solar park in Gujarat that has made it the first company in India with over 10,000 MW of renewable…
In recent weeks, discontentment has been simmering among pilots at Vistara, which is in the process of getting merged with Air India. File | Photo Credit: Reuters Vistara CEO Vinod Kannan on April 3 called an urgent meeting with all pilots as well as the top management, including the Human Resources division in an attempt…
Read More “Vistara CEO, pilots, management to meet at 1 p.m. on Air India merger standoff” »
In India, the World Bank said, economic activity surprised on the upside in 2023Q4, with growth of 8.4% from a year ago. File. | Photo Credit: AP The Indian economy is projected to grow at 7.5% in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2%. Overall, growth…
Read More “World Bank projects Indian economy to grow at 7.5% in 2024” »
