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Manmohan Singh. File | Photo Credit: PTI Leaders of the Indian industry and people from the world of business paid rich tributes to Late former Prime Minister Dr. Manmohan Singh and the architect of modern India, who passed away on Thursday (December 26, 2024) at the age of 92 following age-related ailment. “We mourn the…
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RBI Governor Sanjay Malhotra. File | Photo Credit: PTI Manmohan Singh’s contributions as the architect of India’s economic reforms have left an indelible mark, RBI Governor Sanjay Malhotra said on Friday (December 27, 2024) as he paid tribute to the departed soul. Dr. Singh, the former Prime Minister and Finance Minister, also served as the…
A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: REUTERS Benchmark indices Sensex and Nifty climbed in early trade on Friday (December 27, 2024) amid buying in bank stocks and a largely firm trend in the Asian markets. The…
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At the interbank foreign exchange, the rupee opened weak at 85.31 and slipped further to hit its lifetime low of 85.35 against the greenback, registering a loss of 8 paise from its previous closing level. Representational image | Photo Credit: Reuters The rupee slid for the fourth straight session, depreciating 8 paise to hit a…
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The Rupee’s earlier sharpest one-day fall of 68 paise was recorded on February 2, 2023. File | Photo Credit: Reuters The Rupee fell steepest in almost two years to hit its lifetime intraday low of 85.80 before a suspected Central bank intervention helped recover some of its losses and settled 23 paise lower at a…
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Finance Minister Manmohan Singh on his way to Parliament to present the Budget on July 24, 1991. | Photo Credit: The Hindu Archives Less than a month after he took over as India’s 22nd Finance Minister, Manmohan Singh presented a Union Budget in July 1991, that changed the country’s economic trajectory with some of the…
Image used for representative purpose only. | Photo Credit: istock Housing sales are estimated to fall 4 per cent this year in seven major cities to nearly 4.6 lakh units on lower launches, while sales in value terms are up 16% to ₹5.68 lakh crore, according to Anarock. Average housing prices grew 21% this year…
A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai. | Photo Credit: Reuters The Finance Ministry on Thursday (December 26, 2024) said the “combination of monetary policy stance and macroprudential measures by the central bank may have contributed to the demand slowdown” in the economy — remarks that come two…
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Image used for representative purpose only. | Photo Credit: Nagara Gopal Haier Appliances India is set to cross the milestone of having a billion dollar revenue in 2024, helped by strong summers, festive season and ongoing trend of premiumisation, and expects ₹11,500 crore revenue in 2025, its President N.S. Satish said on Thursday. Besides, the…
Read More “Haier set to cross a billion revenue mark in 2024, aims ₹11,500 crore next year” »
Image used for representative purpose only. | Photo Credit: Reuters The rupee stayed weak for the third straight session and fell 12 paise to settle at a fresh all-time low of 85.27 (provisional) against the U.S. dollar on Thursday, amid a strong greenback and rising crude oil prices. Forex traders said, increased month-end as well…
Read More “Rupee plunges 12 paise to close at new all-time low of 85.27 against U.S. dollar” »