Category: Business

Business

FII outflows show India offering higher returns to investors: FM

February 17, 2025 admin

Union Finance Minister Nirmala Sitharaman speaks to the media after a Post-Budget interaction, in Mumbai on Monday. Union Minister of State for Finance Pankaj Chaudhary is also present | Photo Credit: ANI Foreign Institutional Investment (FII) outflows from India’s equity markets show that investors are booking profits, indicating investments in India are yielding good returns,…

Business

Ahead of Budget session all-party meeting held, Yogi pushes for healthy debates on public issues

February 17, 2025 admin

Uttar Pradesh Chief Minister Yogi Adityanath urged parties to work in collaboration for the smooth functioning of the Assembly and raising issues of public interest | Photo Credit: PTI Ahead of the Budget session of the Uttar Pradesh legislature which starts on Tuesday (February 18, 2025), Assembly Speaker Satish Mahana on Monday (February 17, 2025)…

Business

Plan to hike deposit insurance limit in banks, says Finance Ministry

February 17, 2025 admin

M Nagaraju, Secretary, Department of Financial Services addresses the Confederation of Indian Industry (CII post budget session, in New Delhi. | Photo Credit: ANI The Finance Ministry is considering raising the current limit of ₹5 lakh for deposit insurance, Secretary to the Department of Financial Services M. Nagaraju said at a post-Budget press briefing in…

Business

Rupee falls 16 paise to close at 86.87 against U.S. dollar

February 17, 2025 admin

Traders may take cues from speeches by Federal Open Market Committee (FOMC) members. file | Photo Credit: Reuters The rupee depreciated 16 paise to close at 86.87 (provisional) against the U.S. dollar on Monday (February 17, 2025), weighed down by significant foreign fund outflows and a recovery in the U.S. dollar index from intraday lows. …

Business

Stock markets end eight-day losing run on buying in RIL, HDFC Bank

February 17, 2025 admin

BSE Sensex climbed 57.65 points or 0.08% to settle at 75,996.86. During the day, the barometer tanked 644.45 points or 0.845 to 75,294.76. File. | Photo Credit: Reuters Stock markets snapped the eight-day losing run on Monday (February 17, 2025) with benchmark Sensex closing higher by 57 points on the back of value buying in…

Business

India’s exports contract 2.38% to $36.43 billion in January

February 17, 2025 admin

India’s exports contract 2.38% to .43 billion in January

During April-January period this fiscal, exports increased by 1.39% to $358.91 billion. File | Photo Credit: Vipin Chandran India’s merchandise exports dipped by 2.38% to $36.43 billion in January against $37.32 billion a year ago, according to government data released on Monday (February 17, 2025). Imports increased by 10.28% to $59.42 billion last month compared…

Business

Footwear maker Khadim expects demerger to be completed by March, plans quick commerce tie-ups

February 17, 2025 admin

Footwear major Khadim India Limited is expecting to complete the demerger of its distribution business by March 2025 with a subsequent listing in the bourses by May, an official said on Monday (February 17, 2025). The company is also exploring quick commerce partnerships with platforms like Zepto for utility products such as school shoes and…

Business

JSW MG Motor names Anurag Mehrotra as Managing Director

February 17, 2025 admin

Anurag Mehrotra will drive overall strategic growth initiatives and strengthen the company’s four brand pillars: diversity, experience, innovation, and community, the automaker said in a statement. File | Photo Credit: Bijoy Ghosh JSW MG Motor India on Monday (February 17, 2025) said it has appointed Anurag Mehrotra as the Managing Director of the company. Mr. Mehrotra…

Business

IL&FS group firms initiate payout of ₹5,000 crore under interim distribution

February 17, 2025 admin

IL&FS Group said its companies have initiated an interim distribution of ₹5,000 crore – including ₹3,500 crore of Infrastructure Investment Trust (InvIT) units and ₹1,500 crore in cash – to eligible creditors as part of the (scam hit) group’s ongoing resolution efforts. The interim distribution is largely being initiated by three holding companies namely Infrastructure…

Business

Trump tariffs loom large in South Korea’s ‘steel city’

February 17, 2025 admin

Smoke billows from chimneys as factories churn in South Korea’s steelmaking heartland, now under threat from Washington’s swingeing new tariffs on the port city’s largest export. | Photo Credit: AFP Smoke billows from chimneys as factories churn in South Korea’s steelmaking heartland, now under threat from Washington’s swingeing new tariffs on the port city’s largest…

Business