Category: Business

Business

Sensex drops 312 points on selling in consumption stocks ahead of RBI policy

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Sensex drops 312 points on selling in consumption stocks ahead of RBI policy

A vendor walks past by a poster of bear and bull in south Mumbai. File Taking a breather after recent rally, stock markets closed lower on Wednesday (February 5, 2025) as investors turned cautious ahead of the RBI’s monetary policy decision later this week and trade war concerns. The 30-share BSE Sensex declined 312.53 points…

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India accuses Kia of evading taxes of $155 million: Report

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India accuses Kia of evading taxes of 5 million: Report

India has accused South Korea’s Kia of evading taxes of $155 million by misclassifying component imports but the carmaker has denied wrongdoing, the latest fight by a foreign automaker with New Delhi over tariffs, according to a document and two sources. Kia competes with Hyundai and Maruti Suzuki in the world’s third-largest auto market, where…

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Zomato CEO Deepinder Goyal’s hiring update on Chief of Staff post, says ‘Nobody paid anything to work with us’

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Zomato CEO Deepinder Goyal’s hiring update on Chief of Staff post, says ‘Nobody paid anything to work with us’

Zomato Founder and CEO Deepinder Goyal said that the company received over 18,000 applications. File | Photo Credit: Reuters Zomato Founder and CEO Deepinder Goyal, who recently faced online outrage for the eligibility criteria for a Chief of Staff vacancy, said on Wednesday (February 5, 2025) that the company received over 18,000 applications, with 30…

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Gold demand in India sees 5% rise at 802.8 tonnes in 2024, 2025 projection at 700-800 tonnes: WGC

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Gold demand in India sees 5% rise at 802.8 tonnes in 2024, 2025 projection at 700-800 tonnes: WGC

Gold demand in India witnessed a 5% on-year rise at 802.8 tonnes in 2024 supported by reduction in import duty, and purchases related to weddings and festivals, and going ahead consumption of the yellow metal in 2025 is likely to be between 700-800 tonnes, according to the World Gold Council. The World Gold Council (WGC)…

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Business

India’s services sector growth sees slowest pace of growth in over two years in January: PMI

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India’s services sector growth sees slowest pace of growth in over two years in January: PMI

India’s services sector lost growth momentum in January 2025, although the PMI remained well above the 50-break-even level. File photo | Photo Credit: The Hindu India’s services sector activity expanded at the slowest pace in over two years in January amid softer increases in sales and output, a monthly survey said on Wednesday (February 5,…

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Rupee falls 9 paise to 87.16 against US dollar in early trade

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Rupee falls 9 paise to 87.16 against US dollar in early trade

The rupee traded in a narrow range and depreciated 9 paise to 87.16 against the US dollar in early trade on Wednesday (February 5, 2025) , as global trade war has fuelled risk aversion among investors. Forex traders said the rupee is trading with a negative bias over global trade war as market participants mulled…

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Business

Markets trade higher in early trade on fresh foreign fund inflows

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Markets trade higher in early trade on fresh foreign fund inflows

Image for representative purpose | Photo Credit: The Hindu Benchmark indices Sensex and Nifty began the trade on a positive note on Wednesday (February 5, 2025) amid fresh foreign fund inflows and a firm trend in the U.S. markets. The 30-share BSE benchmark Sensex climbed 151.6 points to 78,735.41 in early trade. The NSE Nifty…

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Business

How beggar-thy-neighbour policies can make global trade come to a standstill

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How beggar-thy-neighbour policies can make global trade come to a standstill

For representative purposes. | Photo Credit: iStockphoto Beggar-thy-neighbour policies refer to protectionist economic policies adopted by governments that are aimed at benefiting a country’s economy at the expense of other countries. A trade war in which a government imposes heavy tariffs and strict quotas on the import of foreign goods into the country is the…

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Business

Allocation for cotton in Budget ‘insufficient’, say farmers

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Allocation for cotton in Budget ‘insufficient’, say farmers

Cotton bales stacked in a godown in Adilabad. Image used for representative purpose only. | Photo Credit: S. Harpal Singh Cotton farmers in Maharashtra are seeking major changes in terms of technology, and increased allocations in the Union budget to fix the problem of falling productivity. Finance Minister Nirmala Sitharaman allocated ₹500 crore for the…

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