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On December 27, 2024, the local currency touched its lifetime intra-day low of 85.80 against the greenback. File | Photo Credit: The Hindu The Rupee depreciated four paise to close at a record low of 85.79 (provisional) against the U.S. dollar on Friday (January 3, 2025), as strong dollar demand from importers and a muted…
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From the Sensex pack, Zomato, HDFC Bank, Tech Mahindra, Adani Ports, Tata Consultancy Services, ICICI Bank, Sun Pharma, Larsen & Toubro, HCL Tech and ITC were the major laggards. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty buckled under selling pressure to settle nearly 1% lower on Friday (January 3, 2025) as…
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Congress leader Jairam Ramesh. File | Photo Credit: PTI The Congress on Friday claimed that the last quarter of the current fiscal year (2024-25) witnessed the “second-slowest pace” of collection of Goods and Services Tax (GST) in the past three years and urged the government to focus on the complexities of the economy instead of…
Ship building activity has gathered momentum in coastal Karnataka with Udupi Cochin Shipyard Limited (UCSL), a wholly owned subsidiary of Cochin Shipyard Limited (CSL), launching the first of the six 3800 TDW (tonnes of dead-weight) dry cargo vessels for Wilson ASA of Norway at its facility in Malpe, in Udupi district, on December 16. Scheduled…
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Benchmark equity indices Sensex and Nifty declined in early trade on Friday (January 3, 2025) dragged by bank and IT stocks ahead of the start of earnings season next week. The 30-share BSE Sensex went lower by 181.04 points to 79,762.67 despite a positive beginning. The NSE Nifty dipped 56.55 points to 24,132.10. From the…
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Jawaharlal Nehru Port Authority (JNPA) said it has issued Letter of Award (LoA) to Trident Agrocom Exports Private Ltd and Man Infraconstruction Ltd consortium for the development of an export-import cum domestic agriculture commodity-based processing and storage facility on its land. The project, estimated at ₹284 crore, will be constructed on a 27-acre land parcel…
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Sustainability exercises can scream their heads off. A typical case: massive bio-mining machinery massed up at a landfill to segregate and process legacy waste. You can tell what is going on from a mile away. Sustainability exercises can also speak in soft tones, the message gently dropped into an ear here and another there. A…
The Zee Entertainment Enterprises Limited (ZEEL) and its top management are under SEBI scrutiny for alleged violations of disclosure norms and initially a show cause notice was issued to them in July 2022. File | Photo Credit: Reuters Markets watchdog Securities and Exchange Board of India (SEBI) on Thursday (January 2, 2025) said it will…
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The gross GST collection rose 7.3% year-on-year to ₹1.77 lakh crore in December despite a significant increase in both domestic and export refunds. File | Photo Credit: Reuters Benchmark Se nsex rallied 1,436 points to close at a two-week high on Thursday (January 2, 2025) on buying in financial, auto and IT shares. The 30-share…
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Image for representative purposes only | Photo Credit: Reuters The rupee depreciated 9 paise to close at 85.73 (provisional) against the U.S. dollar on Thursday (January 2, 2025), as strong dollar demand from importers and foreign fund outflows dented investor sentiments. Forex traders said the dollar gained against most currencies during 2024 and continued to…
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