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Image for representational purposes only. | Photo Credit: Getty Images The rupee declined 5 paise at 82.95 against the U.S. dollar on March 19 due to firm crude oil prices and foreign fund outflows. At the interbank foreign exchange market, the rupee opened at 82.94 to a dollar, down 4 paise over the previous close…
Read More “Rupee declines 5 paise to 82.95 against U.S. dollar on firm crude prices” »
Despite the record fund flow into renewables (according to estimates by the Ministry of Power, investment in India’s renewable-energy projects is expected to increase by a record 83% this year to reach ₹1,37,500 crore from ₹74,250 crore in 2023), India still receives World Bank support to accelerate development of its renewables sector. | Photo Credit:…
Read More “Balancing risk perceptions in transition to a responsible renewable-energy system ” »
From the Sensex basket, Tata Steel jumped more than 5%. Mahindra & Mahindra, JSW Steel, Tata Motors, Axis Bank, Sun Pharma, Reliance Industries and Maruti were the other biggest gainers. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty closed marginally higher in a volatile trade on March 18 as cautious investors preferred to…
Read More “Stock markets settle higher in volatile trade; metal, auto shares shine” »
On March 15, the Rupee had settled at 82.86. “The Rupee declined by four paise to settle at 82.90 (provisional) against the U.S. currency on March 18 on firm crude oil prices. Gains in domestic stock markets and foreign fund inflows capped the Rupee’s losses,” analysts said. The local unit opened firm at 82.84 to…
Read More “Rupee falls four paise to settle at 82.90 against dollar on firm crude oil prices” »
Google blocked the email account of the petitioner for “explicit child abuse” after he uploaded on Google Drive a photo of his grandmother bathing him when he was two years old. File | Photo Credit: Reuters Uploading a nude childhood photo on Google Drive cost a man access to his email account for nearly a…
Flipkart valuation declined to $35 billion as of January 31, 2024, from $40 billion in the financial year ended on January 31, 2022. File | Photo Credit: Reuters E-commerce firm Flipkart’s valuation has declined by $5 billion or around ₹41,000 crore as of January 2024 compared to that in January 2022, according to equity transactions…
Read More “Flipkart valuation declines by over ₹41,000 crore in two years” »
From the Sensex basket, Mahindra & Mahindra, Tata Steel, JSW Steel, Axis Bank, Tata Motors and HCL Technologies were the gainers. | Photo Credit: Reuters Benchmark equity indices faced volatile trends in early trade on March 18, surrendering their initial gains to trade lower, following a weak lead from Wall Street and rising crude oil…
Read More “Markets surrender early gains to trade lower; Sensex quotes 118 points lower” »
Image used for representational purpose only. | Photo Credit: Special Arrangement The rupee appreciated by 2 paise to trade at 82.84 against the U.S. dollar in the opening session on March 18 following foreign fund inflows. An uptick in crude oil prices and listless trade in domestic stocks capped rupee gains in opening trade, forex…
Read More “Rupee edges up 2 paise to 82.84 against U.S. dollar in early trade” »
A logo of the Adani Group is seen on a commercial complex in Mumbai. File | Photo Credit: REUTERS Adani group plans to invest more than ₹1.2 lakh crore (about $14 billion) across its portfolio companies that range from ports to energy, airports, commodities, cement and media in fiscal year starting April 1, as it…
Union Finance Minister Nirmala Sitharaman addresses an audience at the Shrimati Indira Gandhi College in Tiruchirappalli on March 16, 2024. | Photo Credit: ANI Union Finance Minister Nirmala Sitharaman on March 16 said India needs economic freedom to achieve developed nation status by 2047 and assured that the country would move to the third spot…
Read More “India to be third top economy in few years, says Nirmala Sitharaman” »
