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Image used for representative purpose only. | Photo Credit: Reuters India’s forex reserves dropped by $1.88 billion to $623.983 billion in the week ended January 17, the RBI said on Friday. Earlier, the overall kitty declined by $8.714 billion to $625.871 billion in the week ended January 10, the Reserve Bank of India said. The…
Read More “India’s forex reserves decline by $1.88 billionn to $623.983 billion” »
Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the Amul brand, has reduced milk prices by ₹1 per litre across India. However, the reduction in prices is only for one-litre packs. “We have reduced the prices of one-litre packs by ₹1 per litre across India,” GCMMF managing director Jayen Mehta told PTI….
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The logo of JSW is seen on the company’s headquarters in Mumbai. | Photo Credit: Reuters JSW Steel on Friday (January 24, 2025) reported over 70% fall in consolidated net profit to ₹719 crore in December quarter, mainly due to higher expenses. It had posted a net profit of ₹2,450 crore in the year-ago quarter,…
Read More “JSW Steel net profit declines 70% to ₹719 crore in Q3” »
FIIs remained net sellers in the capital markets on Thursday (January 23, 2025), as they offloaded shares worth ₹5,462.52 crore, according to exchange data. File Photo: S.R. Raghunathan/The Hindu The rupee appreciated 22 paise to close at 86.22 (provisional) against the U.S. dollar on Friday (January 24, 2025), as a decline in the U.S. dollar…
Read More “Rupee rises 22 paise to close at 86.22 against U.S. dollar” »
Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: Reuters Equity benchmarks Sensex and Nifty surrendered early gains to close with losses in a volatile session on Friday (January 24, 2025), snapping their two-day winning streak as investors pared exposure to realty, oil & gas and healthcare stocks amid a mixed trend in global…
Read More “Sensex, Nifty snap two-day rally dragged by realty, healthcare stocks” »
Representative image | Photo Credit: Getty Images The Supreme Court on Friday (January 24, 2025) refused to entertain a PIL seeking scrapping of tax deducted at source (TDS) framework under the Income Tax Act, saying this is levied “everywhere”. A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar, however, permitted lawyer petitioner Ashwini…
Read More “Supreme Court refuses to entertain PIL seeking scrapping of TDS system under IT law” »
Representative image | Photo Credit: Reuters In a sobering first indicator about India’s economy in 2025, private sector activity appears to have hit the brakes in January with output and growth levels sliding to a 14-month low, as per the survey-based HSBC Flash Purchasing Managers’ Indices (PMI). Even as cost pressures intensified for firms compelling…
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Ayushmann Khurrana. File | Photo Credit: Special arrangement FICCI Frames, a media and entertainment convention, has announced Ayushmann Khurrana as the ambassador for its 25th anniversary celebration. Industry body Federation of Indian Chambers of Commerce and Industry (FICCI) has selected RISE: Redefining Innovation, Sustainability, and Excellence as the theme for the convention this year. Ayushmann…
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Everstone Capital, a Singapore based private equity company, said it has acquired a majority stake in Wingify, which provides marketing technology Software as a Service (SaaS) product, Visual Website Optimizer (VWO) for an unspecified amount. “Wingify is among a select set of highly profitable, software companies emerging out of India that have carved a leading…
FIIs offloaded equities worth ₹5,462.52 crore on Thursday (January 23, 2025), according to exchange data File | Photo Credit: Reuters Stock market benchmark indices Sensex and Nifty climbed in early trade on Friday (January 24, 2025), tracking a firm trend in global markets. The 30-share BSE benchmark Sensex climbed 282.35 points to 76,802.73 in early…
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