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Photo used for representation purpose only. | Photo Credit: Reuters The rupee turned flat at 85.79 against the US dollar in early trade on Monday (January 6, 2025) as positive domestic equity markets failed to boost sentiment amid sustained outflow of foreign capital and elevated level of American currency index. According to forex traders, the…
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File picture of Union Minister Of Steel and Heavy Industries H.D. Kumaraswamy. | Photo Credit: The Hindu The Union government is set to launch another round of production-linked incentive (PLI) scheme for the steel sector, Union Ministry of Steel said in a statement on Sunday (January 5, 2025). Union Minister of Steel and Heavy Industries…
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Union Minister of Commerce and Industry Piyush Goyal. File. | Photo Credit: PTI FDI inflows into the country are surging, with investors from the Middle East, Japan, European Union, and the U.S. recognising India’s status as a top investment destination, driving rapid economic growth and generating millions of new jobs, Commerce and Industry Minister Piyush…
Representational image only. File | Photo Credit: Special arrangement Foreign investors pulled out ₹4,285 crore from Indian equities in the first three trading days of the month driven by apprehensions ahead of the third-quarter earnings season and high valuations of domestic stocks. This came following an investment of ₹15,446 crore in the entire December, data…
The market valuation of HDFC Bank tumbled ₹37,025.46 crore to ₹13,37,919.84 crore. | Photo Credit: Reuters The combined market valuation of four of the top-10 most valued firms eroded by ₹96,605.66 crore last week, with HDFC Bank taking the biggest hit. While Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India…
The current bout of rupee depreciation is seen as driven primarily by the exit of foreign investors from India, which has put pressure on the rupee. | Photo Credit: Reuters The story so far: In the last week of December, 2024, the rupee breached the 85 mark against the U.S. dollar, touching an all-time low…
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Representational file image. | Photo Credit: K. K. Mustafah After initial resistance, the plywood and MDF board industry has agreed to implement the mandatory quality control norms as they have recognised the long-term benefits of adhering to high-quality standards, Commerce and Industry Minister Piyush Goyal has said. He said India is introducing modern standards that…
The Department for Promotion of Industry and Internal Trade (DPIIT) on Saturday (January 4, 2025) said it has joined hands with venture debt firm Stride Ventures to support high growth potential startups in their funding requirements. It said this collaboration will be instrumental in creating enormous opportunities for startups by integrating financial support with strategic…
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Vipul Shah, producer of The Kerala Story. File. | Photo Credit: EMMANUAL YOGINI Film and television producer-director Vipul Shah-backed Sunshine Pictures Ltd has filed draft papers with the market regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises a total offer size of 83.75 lakh equity shares including a fresh…
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Indian economy: what to expect in 2025? | Video Credit: The Hindu At the start of 2024, there was a lot of excitement about the Indian economy – the country was one of the fastest growing economies in the world and there was anticipation that India will become a $4 trillion economy in 2024-25 and…
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