Category: Business

Business

Sensex, Nifty fall for 6th day dragged by FII outflows, trade war fears

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Sensex, Nifty fall for 6th day dragged by FII outflows, trade war fears

Bajaj Finserv, Tata Steel, Larsen & Toubro, UltraTech Cement, Kotak Mahindra Bank and Tata Motors were among the gainers. File | Photo Credit: PTI Stock markets closed lower for the sixth straight day on Wednesday (February 12, 2025) with Sensex falling by 122 points on unabated foreign fund outflows and trade war worries. The 30-share…

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Business

Rupee falls 8 paise to 86.87 against U.S. dollar

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Rupee falls 8 paise to 86.87 against U.S. dollar

FIIs offloaded equities worth ₹4,486.41 crore in the capital markets on a net basis on Tuesday (February 11, 2025), according to exchange data. File Photo: V.V. Krishnan The rupee failed to sustain its recovery and depreciated 8 paise to close at 86.87 (provisional) against the U.S. dollar on Wednesday (February 12, 2025) due to a…

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Business

Retail inflation eases to five-month low of 4.31% in January 2025

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Retail inflation eases to five-month low of 4.31% in January 2025

Food inflation during the month of January is mainly attributed to decline in inflation of vegetables and other items. | Photo Credit: Sushil Kumar Verma India’s retail inflation cooled to a five-month low of 4.31% in January from 5.22% in December 2024, with food prices rising 6%, compared with an 8.4% rise in the previous…

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Business

Sensex drops below 76k-mark; Nifty falls lower than 23,000

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Sensex drops below 76k-mark; Nifty falls lower than 23,000

People walk outside the National Stock Exchange (NSE) in Mumbai. File photo | Photo Credit: REUTERS Benchmark indices Sensex and Nifty slumped in initial trade on Wednesday (February 12, 2025) as unabated foreign fund outflows and trade war fears continued to unnerve investors. The 30-share BSE benchmark Sensex declined 274.56 points to 76,019.04 in early…

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Business

Vodafone Idea Q3 net loss narrows to Rs 6,609 crore

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Vodafone Idea Q3 net loss narrows to Rs 6,609 crore

Vodafone Idea’s total subscriber base stood at 19.98 crore and 4G subscriber base at 12.6 crore. | Photo Credit: Reuters Vodafone Idea Ltd for the third quarter ended December 31, 2024 narrowed its net loss to ₹6,609 crore from net loss of ₹6,986 crore in the year ago period. The telecom company’s revenue from operations…

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Business

Net direct tax kitty swells 15% to ₹17.78 lakh crore till Feb 10

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Net direct tax kitty swells 15% to ₹17.78 lakh crore till Feb 10

Net collections from securities transaction tax is pegged at ₹55,000 crore in this fiscal in the Revised Estimates, higher than the Budget Estimate. File | Photo Credit: Getty Images/iStockphoto Net direct tax collection grew 14.69% to over ₹17.78 lakh crore so far this fiscal, government data showed on Tuesday, February 11, 2025. As per…

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Business

Economy on speedy rebound, India to remain fastest growing nation: Sitharaman

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Economy on speedy rebound, India to remain fastest growing nation: Sitharaman

Finance Minister Nirmala Sitharaman speaks in the Lok Sabha on February 11, 2025. Photo: Sansad TV via PTI India’s economy is in the midst of “a speedy rebound” after a brief moderation in the second quarter of this year, Finance Minister Nirmala Sitharaman said on Tuesday, asserting that the Union Budget 2025-26 has sought to…

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Business

Union Budget has failed to a provide roadmap for Viksit Bharat: Akhilesh Yadav

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Union Budget has failed to a provide roadmap for Viksit Bharat: Akhilesh Yadav

Samajwadi Party MP Akhilesh Yadav speaks in the Lok Sabha on February 11, 2025. Photo: Sansad TV via PTI Samajwadi Party (SP) chief Akhilesh Yadav on Tuesday (February 11, 2025) said that the Union Budget was “only for the rich people of the country”, and had failed to provide any roadmap for ‘Viksit Bharat’ (developed…

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Business

Parliamentary proceedings: Govt using almost entire borrowings in FY’26 towards capex, says Sitharaman in Lok Sabha

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Parliamentary proceedings: Govt using almost entire borrowings in FY’26 towards capex, says Sitharaman in Lok Sabha

Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the Budget session of Parliament, in New Delhi, on February 11, 2025. | Photo Credit: PTI The Government is using almost the entire borrowing in 2025-26 towards financing capital expenditure, Finance Minister Nirmala Sitharaman said on Tuesday (February 11, 2025) She said the effective…

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Business

LeRemitt unveils LeDoc, a document management solution for foreign trade 

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LeRemitt unveils LeDoc, a document management solution for foreign trade 

The logo of LeDoc, an AI-powered document management platform for trade documentation. Photo: https://www.leremitt.com/ LeRemitt, a fintech platform focused on facilitating cross-border payments for MSME goods and services exporters has announced the launch of LeDoc, an Al-powered platform designed to streamline trade documentation and compliance management. LeDoc is the latest addition to LeRemitt’s Global Trade…

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Business