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The panel is expected to review the current system of price collection and suggest changes of its improvement, and decide on the computation methodology for the WPI and the PPI. File | Photo Credit: Sushil Kumar Verma The Centre on Thursday (January 2, 2025) announced the formation of an expert panel to revise the constituents…
Read More “Centre forms panel to rejig Wholesale Price Index” »
Hopes of a recovery in the manufacturing sector took a fresh hit as factory activity levels in India’s private sector stumbled to a 12-month low in December. File | Photo Credit: Reuters Hopes of a recovery in the manufacturing sector took a fresh hit as factory activity levels in India’s private sector stumbled to a…
Read More “Factory activity levels hit a 12-month low in December” »
A bronze statue of a charging bull inside the premises of the Bombay Stock Exchange (BSE) in Mumbai. File photo | Photo Credit: REUTERS Benchmark equity indices Sensex and Nifty climbed in initial trade on Thursday (January 2, 2025) amid buying in frontline IT and bank stocks. The 30-share BSE benchmark Sensex climbed 242.95 points…
Read More “Sensex, Nifty climb in early trade on buying in IT, bank stocks” »
Representational image. | Photo Credit: The Hindu The rupee dropped 11 paise to 85.75 against the US dollar in early trade on Thursday (January 2, 2025), weighed down by the significant uptrend in the dollar index and US 10-year bond yields. Forex traders said the dollar gained against most currencies during the year 2024 and…
Image used for representative purpose only | Photo Credit: Reuters Viacom18 Media, a leading media and entertainment company, has become a direct subsidiary of Reliance Industries following the conversion of over 24.61 crore compulsorily convertible preference shares (CCPS) into an equivalent number of equity shares. Earlier, Viacom18Media was a material subsidiary of Network18 Media &…
Read More “Viacom18 Media becomes direct subsidiary of Reliance Industries” »
Air India flight. File | Photo Credit: VIJAY SONEJI Private carrier Air India on Wednesday (January 1, 2025) rolled out Wi-Fi internet connectivity services on board domestic and international flights on its widebody Airbus A350 and Boeing 787-9 fleet as well as on select Airbus A321neo aircraft. This makes Air India the first airline to…
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The logo of Mahindra and Mahindra. File | Photo Credit: Reuters Mahindra & Mahindra Ltd. on Wednesday (January 1, 2025) reported a 16% rise in overall auto sales at 69,768 units in December 2024. The company had posted an overall sales of 60,188 units in December 2023. Passenger vehicle sales stood at 41,424 units last…
Read More “M&M overall auto sales up 16% at 69,768 units in Dec” »
Image used for representation. Photo: V.V. Krishnan The rupee settled flat at 85.64 against the U.S. dollar in the first session of 2025 on Wednesday (January 1, 2025), as gains from positive domestic equities were offset by unabated foreign fund outflows. At the interbank foreign exchange, the rupee opened at 85.63 and touched an…
Representational image only. File | Photo Credit: Reuters Maruti Suzuki India Limited on Wednesday (January 1, 2025) reported 30% rise in total wholesales at 1,78,248 units in December 2024 as compared to 1,37,551 units in the same month a year ago. “Overall domestic sales, including that of light commercial vehicles and supplies to Toyota Kirloskar…
Read More “Maruti Suzuki India sales up 30% in December at 1,78,248 units” »
Ashwini Vaishnaw. File | Photo Credit: PTI The government on Wednesday (January 1, 2024) announced an extension of a one-time special package of up to ₹3,850 crore to ensure farmers continue to get Di-ammonium Phosphate (DAP) fertilizer at ₹1,350 per bag of 50 kg. A decision in this regard was taken in a meeting of…
Read More “Government extends one-time special package up to ₹3,850 crore for DAP fertilizer” »