Category: Business

Business

Markets rebound in early trade after sharp decline in previous session

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Markets rebound in early trade after sharp decline in previous session

A view of the Bombay Stock Exchange in Mumbai. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty rebounded in early trade on Tuesday (January 7, 2025) after a sharp decline in the previous session driven by buying in blue-chip stocks like Reliance Industries and ICICI Bank. The 30-share BSE benchmark Sensex jumped 422.62…

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Business

NCLAT to hear Meta’s plea against CCI’s penalty on January 16

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NCLAT to hear Meta’s plea against CCI’s penalty on January 16

On November 18, 2024, the Competition Commission of India imposed a penalty of ₹213.14 crore on Meta for unfair business ways with respect to WhatsApp privacy policy update done in 2021. | Photo Credit: Reuters Meta Platforms Inc on Monday (January 6, 2025) moved corporate appellate tribunal National Company Law Appellate Tribunal (NCLAT) against the…

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Decision soon on increasing sugar MSP: Food Minister Pralhad Joshi

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Decision soon on increasing sugar MSP: Food Minister Pralhad Joshi

File picture of Union Food and Consumer Affairs Minister Pralhad Joshi. | Photo Credit: The Hindu Food and Consumer Affairs Minister Pralhad Joshi on Monday (January 6, 2025) said the government will soon take a decision on increasing the minimum support price (MSP) of sugar. The MSP of sugar remains unchanged at ₹31 per kg,…

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Business

Sensex, Nifty crash over 1.5% amid foreign fund outflows, concerns over earning season

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Sensex, Nifty crash over 1.5% amid foreign fund outflows, concerns over earning season

Image used for representational purpose. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty crashed 1.6% on Monday (January 6, 2025) due to an across-the-board selloff, as concerns over third-quarter earnings growth and the continued flight of foreign capital sapped risk appetite. Besides, traders said that the new HMP virus scare, depreciating rupee and…

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Business

Rupee falls 4 paise to close at new record low of 85.83 against U.S. dollar

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Rupee falls 4 paise to close at new record low of 85.83 against U.S. dollar

Photo used for illustration purpose only. | Photo Credit: Reuters The rupee declined 4 paise to settle at a fresh record low of 85.83 (provisional) against the U.S. dollar on Monday (January 6, 2025), amid a steep fall in domestic equity markets and unabated outflow of foreign capital. Forex traders said the surging U.S. bond…

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Business

Government considering mandatory hallmarking for silver after consumer demands

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Government considering mandatory hallmarking for silver after consumer demands

Government said Bureau of Indian Standards (BIS) should consider implementing mandatory hallmarking for silver and silver artifacts following consumer demands. File | Photo Credit: The Hindu Food and Consumer Affairs Minister Pralhad Joshi on Monday (January 6, 2025) said the Bureau of Indian Standards (BIS) should consider implementing mandatory hallmarking for silver and silver artifacts…

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Business

Maruti Suzuki temporary workers demand permanent jobs, pay hike and creation of permanent posts

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Maruti Suzuki temporary workers demand permanent jobs, pay hike and creation of permanent posts

A large number of erstwhile temporary workers of Maruti Suzuki held a meeting here on Sunday (December 5, 2024) seeking permanent jobs at the company’s upcoming Kharkhoda plant, creation of 30,000 permanent posts and 40% pay hike for the temporary workers among other things. The workers had travelled overnight from their villages in Bihar, Jharkhand,…

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Business

Nirmala Sitharaman holds pre-Budget consultation with representatives of trade unions

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Nirmala Sitharaman holds pre-Budget consultation with representatives of trade unions

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman chairs the eighth Pre-Budget Consultation with the stakeholders and representatives from the trade unions for the Union Budget 2025-26, in New Delhi on January 6, 2025. Photo: X/@FinMinIndia via PTI Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the eighth Pre-Budget Consultation meeting with…

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Business

Amid slowing factory activity, Services rebounded to 4-month high in December

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Amid slowing factory activity, Services rebounded to 4-month high in December

Photo used for representation purpose only. | Photo Credit: Getty Images/iStock Manufacturing levels in India’s private sector may have slumped to a 12-month low in December, but Services activity regained momentum last month after a mild moderation in November as new orders and output levels hit a four-month high, as aper a private survey-based gauge. …

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Markets pare early gains amid foreign fund outflows, caution ahead of earnings season

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Markets pare early gains amid foreign fund outflows, caution ahead of earnings season

Image for representative purposes only | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty began the trade on an optimistic note on Monday (January 6, 2025) but soon turned negative amid fresh foreign fund outflows and caution ahead of the earnings season beginning this week. The 30-share BSE benchmark Sensex climbed 296.94 points to…

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