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A SpiceJet passenger aircraft taxis on the tarmac at Chhatrapati Shivaji International Airport in Mumbai. | Photo Credit: REUTERS SpiceJet on March 14 said it has finalised lease agreements for 10 planes as the no-frills airline looks to expand its capacity. It has also received three airframes as part of recent settlement agreements. An official…
Read More “SpiceJet finalises lease agreements for 10 aircraft” »
At the interbank foreign exchange, the rupee opened at 82.84 against the dollar and touched an early low of 82.86 in initial trade, registering a fall of 5 paise over its previous close. The rupee depreciated 5 paise to 82.86 against the U.S. dollar in early trade on Thursday, tracking a negative trend in domestic…
Read More “Rupee falls 5 paise to 82.86 against U.S. dollar in early trade” »
A man walks past a Reliance Industries Limited signboard in Gandhinagar. | Photo Credit: REUTERS The Reliance Industries Ltd. on Thursday, March 14, 2024, informed stock exchanges that it had agreed to acquire 13.01% equity stake (on a fully diluted basis) of Viacom 18 Media Private Ltd. from two subsidiaries of Paramount Global for an…
Read More “RIL to acquire additional 13% stake in Viacom 18 from Paramount Global” »
Bombay Stock Exchange (BSE). | Photo Credit: REUTERS Equity benchmark indices extended their previous day’s bearish trend and declined in the early trade on Thursday amid heavy foreign fund outflows and mixed trends from the global markets. The 30-share BSE Sensex dropped 264.7 points to 72,497.19, while the Nifty declined 80.2 points to 21,917.50. From…
Read More “Markets trade lower in early trade on fresh foreign fund outflows” »
Unemployment and poverty: Job seekers wait beside a road for casual work offered by passing motorists in Eikenhof, South Africa | Photo Credit: SIPHIWE SIBEKO At a time when the number of people living in poverty has been declining worldwide, and significantly in some regions, Sub-Saharan Africa has seen a high increase. In 1990, 278…
U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting stickiness in inflation that cast some doubts on whether the Federal Reserve would start cutting interest rates in June. February marked the second straight month of firmer inflation readings. Inflation-weary Americans, however, got some relief from their grocery bills, as…
Read More “Gasoline, shelter costs drive U.S. inflation higher in February” »
V. Anantha Nageswaran, Chief Economic Advisor. File. | Photo Credit: Bijoy Ghosh Chief Economic Advisor V. Anantha Nageswaran on March 14 said he is “worried” over retail investors’ play in risky Futures and Options (F&O) segment in search of instant profits. Speaking at a conference organised by capital markets regulator Sebi and NISM, Nageswaran said…
Tata sign. Image used for representative purpose only. | Photo Credit: Reuters Tata Motors Group, manufacturer of commercial and passenger vehicles, has signed a facilitation Memorandum of Understanding (MoU) with the Government of Tamil Nadu to set up a vehicle manufacturing facility entailing investments to the tune of over ₹9,000 crore over five years. This…
Read More “Tata Motors to invest ₹9,000 crore, to set up a massive facility in Tamil Nadu” »
The logo of ITC. File | Photo Credit: Reuters Indian FMCG and tobacco giant ITC’s shares jumped more than 8% on March 13, after top shareholder British American Tobacco’s $2 billion stake sale in the company went through smoothly, removing a key overhang on the stock. In India’s third-largest block deal, BAT completed the sale…
Read More “ITC’s shares jumps as BAT’s $2 billion share sale sails through” »
Benchmark indices started the session on a positive note, but the selling intensified during afternoon trade, with all sectoral indices ending in the red. File | Photo Credit: The Hindu Equity benchmark index Sensex on March 13 crashed over 900 points to sink below the 73,000 level due to widespread selling pressure amid a sharp…
