Category: Business

Business

Agriculture ministry launches first-ever national edible oil consumption survey

January 20, 2025 admin

Industry reports indicate that per capita annual consumption of edible oil has risen to over 20 kg in India | Photo Credit: M. Govarthan The Union agriculture ministry has launched its first-ever survey to assess edible oil consumption patterns in India, aiming to effectively implement the new Mission on Edible Oils-Oilseeds (NMEO-Oilseeds), a senior government…

Business

Centre lifts sugar export ban partially, industry welcomes move

January 20, 2025 admin

Photo used for representation purpose only. | Photo Credit: The Hindu The Union government lifted the ban on sugar exports partially on Monday (January 20, 2025), allowing industries to export one million metric tonnes of sugar in the 2024-25 season ending in September. Announcing the decision, Union Food Minister Pralhad Joshi said the move will…

Business

India at forefront of age defined by tech evolution: WEF report

January 20, 2025 admin

A logo of the World Economic Forum (WEF) in Davos, Switzerland | Photo Credit: Reuters In an era defined by technological evolution, India stands at the forefront as one of the world’s fastest-growing economies and a global hub for startups and digital innovation, the World Economic Forum said on Monday (January 20, 2025). The Centre…

Business

Stock markets rally on firm global trends, spike in Kotak Bank

January 20, 2025 admin

Zomato, Adani Ports, Tata Consultancy Services, Mahindra & Mahindra, Maruti and Tata Motors were among the laggards. File | Photo Credit: PTI Benchmark Sensex spurted by 454 points and Nifty closed above 23,300 on Monday (January 20, 2025) following gains in banking stocks, mainly Kotak Mahindra Bank, and firm global trends. The 30-share BSE…

Business

Rupee rises 5 paise to close at 86.55 against U.S. dollar

January 20, 2025 admin

On January 17, 2025, FIIs were net sellers in the capital markets, offloading shares worth ₹3,318.06 crore. File Photo: C. Venkatachalapathy The rupee appreciated 5 paise to close at 86.55 (provisional) against the U.S. dollar on Monday (January 20, 2025), as an overnight decline in crude oil prices and the U.S. dollar index supported investor…

Business

Zomato’s Q3 net profit declines 57.2% to ₹59 crore

January 20, 2025 admin

Food delivery major Zomato, which owns Blinkit, on Monday (January 20, 2025) reported a 57.2% decline in consolidated net profit to ₹59 crore for the third quarter ended December. The company had earned a net profit of ₹138 crore in the same quarter a year ago. The company’s consolidated revenue from operations stood at ₹5,405…

Business

If Boeing deliveries were timely, more of our pilots would be flying, says Akasa Air CEO Vinay Dube

January 20, 2025 admin

More pilots at Akasa Air would be flying today if Boeing’s aircraft delivery were timely, the airline’s founder and CEO Vinay Dube tells The Hindu. “Is it a reality that we were supposed to get more aircraft, and therefore we should have seen a larger percentage of pilots clocking flying hours or in training? Yes,…

Business

Bajaj Finance, Bharti Airtel join hands to create digital platforms for financial services

January 20, 2025 admin

Representational image only. File | Photo Credit: The Hindu Non-Banking Financial Company (NBFC) firm Bajaj Finance and Bharti Airtel on Monday (January 20, 2025) announced a strategic partnership to create a digital platform for financial services. “The one-of-a-kind partnership brings together Airtel’s customer base of 370 million, about 12 lakh strong distribution network and Bajaj…

Business

World Economic Forum 2025 Day 1 LIVE: World leaders congregate for 5-day meet in Davos; India sends its largest contingent

January 20, 2025 admin

Armed conflict is the top risk in 2025, a World Economic Forum (WEF) survey released last week showed, a reminder of the deepening global fragmentation as government and business leaders attend an annual gathering in Davos. Nearly one in four of the more than 900 experts surveyed across academia, business and policymaking ranked conflict, including…

Business

Rupee rises 14 paise to 86.46 against U.S. dollar in early trade

January 20, 2025 admin

The rupee appreciated 14 paise to 86.46 against the U.S. dollar in morning trade on Monday (January 20, 2025). Image for representative purposes only | Photo Credit: Reuters The rupee appreciated 14 paise to 86.46 against the U.S. dollar in morning trade on Monday (January 20, 2025), tracking a positive trend in domestic equities and…

Business