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On September 26, the Rupee declined eight paise to settle at 83.66 against the American currency. File | Photo Credit: The Hindu The Rupee declined four paise to settle at 83.70 (provisional) against the U.S. dollar on Friday (September 27, 2024) amid subdued domestic equity markets and increased month-end demand for the American currency. “However, sliding…
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From the 30 Sensex firms, Power Grid, ICICI Bank, Bharti Airtel, HDFC Bank, Kotak Mahindra Bank, Larsen & Toubro, Adani Ports and UltraTech Cement were among the laggards. | Photo Credit: Reuters Benchmark stock indices Sensex and Nifty retracted from lifetime highs to settle lower on Friday (September 27, 2024) due to profit-taking in frontline…
The Union Government is working on another round of the PLI scheme for speciality steel as the response for the first round of the initiative did not meet expectations, according to Steel Secretary Sandeep Poundrik. The top Steel Ministry official made the remarks at CII Steel Summit 2024 in the National Capital on Friday (September…
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Output in Europe’s largest economy will decline by 0.1% this year, five think tanks said. It shrank by 0.3% in 2023. | Photo Credit: FABIAN BIMMER Germany’s economy is expected to shrink slightly in 2024, leading economic institutes said on Thursday, as the traditional manufacturing powerhouse continues to stagnate. Output in Europe’s largest economy will…
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File picture of the bull statue at the Bombay Stock Exchange building, in Mumbai | Photo Credit: PTI The BSE benchmark Sensex hit its fresh all-time high level in early trade on Friday (September 27, 2024) amid heavy buying in IT stocks and a rally in global markets. The BSE Sensex climbed 119.38 points to…
Representational image. | Photo Credit: RUPAK DE CHOWDHURI Rupee rises 2 paise to 83.64 against the US dollar in early trade on Friday (September 27, 2024) amid softening crude oil prices and inflow of foreign funds. The Indian currency was, however, weighed down by a subdued domestic equity market and a stronger greenback against major…
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Union Finance Minister Nirmala Sitharaman in the interim Budget had proposed to borrow ₹14.13 lakh crore by issuing dated securities to meet revenue shortfall in the next financial year. | Photo Credit: The Hindu The Centre has retained its borrowing target for the current financial year and plans to raise ₹6.61 lakh crore through auction of…
File picture of Akash Ambani | Photo Credit: PTI Reliance Foundation Chairperson Nita Ambani and Reliance Jio Infocomm Chairman Akash Ambani have joined the board of Viacom18 ahead of its merger with the India business of global media giant Walt Disney, industry sources said. Viacom18 is the holding company that owns the media and entertainment…
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The bull statue at the Bombay Stock Exchange building, in Mumbai. File | Photo Credit: PTI Benchmark Sensex rallied 666 points to close at a fresh record high on Thursday (September 26, 2024) following buying in auto and banking shares amid gains in global markets. The BSE Sensex jumped 666.25 points or 0.78 per cent…
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At the interbank foreign exchange, the local unit opened slightly weak at 83.66 against the American currency. File | Photo Credit: The Hindu The rupee depreciated by 6 paise to settle at 83.64 (provisional) against the U.S. dollar on Thursday (September 26, 2024), dragged by sustained foreign fund outflows. “However, a decline in global crude prices…
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