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SEBI said the suspension of trading in futures contracts would be on soybean and its derivatives, crude palm oil, wheat, paddy rice, chickpeas, green gram and rapeseed. File | Photo Credit: Reuters The suspension of trading in derivative contracts for key farm commodities was extended till January, so as to curb food inflation. The Securities…
An employee of a stock trading firm looking at a share price on his computer. | Photo Credit: The Hindu Benchmark indices Sensex and Nifty slumped in early trade on Thursday (December 19, 2024) following weak global market trends after the U.S. Federal Reserve indicated fewer rate cuts next year. The 30-share BSE benchmark Sensex…
Bangladesh’s interim government has accused energy supplier Adani Power of breaching a multi-billion-dollar agreement by withholding tax benefits that a power plant central to the deal received from New Delhi, according to documents seen by Reuters. In 2017, the Indian company controlled by billionaire Gautam Adani signed an agreement with Bangladesh to provide power from…
Read More “Adani, under bribery scrutiny, pressed by Bangladesh to reopen power deal” »
Representational image. | Photo Credit: PTI The rupee dropped 12 paise to an all-time low of 85.06 against the US dollar in early trade on Thursday (December 19, 2024), as a hawkish tilt from the US Federal Reserve sparked a broad dollar rally. Forex traders said the US Federal Reserve has adjusted its projections for…
Read More “Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trade” »
Indians traditionally prefer jewellery made in 22-carat gold, which contains 91.7% pure gold, while 18-carat gold contains 75% pure gold and 25% other metals. File. | Photo Credit: Reuters Soaring gold prices have led many Indian families to opt for lightweight and lower-carat jewellery to stay within their budgets, industry officials said. “I wanted to…
Read More “Indians opt for lighter, lower carat jewellery as gold prices soar” »
The Federal Reserve cut its key interest rate by a quarter-point. File. | Photo Credit: AP The Federal Reserve cut its key interest rate on Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of…
Sriharsha Majety, CEO, Swiggy Limited, speaks at the Swiggy bell ringing listing ceremony, at the National Stock Excgange, in Mumbai, Wednesday, Nov. 13, 2024. | Photo Credit: PTI Avenue Supermarkets Ltd. (DMart) promoter Radhakishan Damani, Zomato founder Deepinder Goyal and Swiggy’s Sriharsha Majety and Nandan Reddy have secured the top three positions respectively in the…
Read More “DMart’s Damani, Zomato’s Goyal top list of self-made entrepreneurs ” »
IndiGo has rejected the DGCA’s suggestion to raise the definition of night flying from all flying between midnight to 5 a.m. by an hour to include flying till 6 a.m. Representational file image. | Photo Credit: The Hindu In a letter to the DGCA, IndiGo has opposed the regulator’s proposal to reduce night flying for…
Read More “IndiGo opposes DGCA’s proposal for reduced night flying for pilots” »
At the interbank foreign exchange, the rupee opened at 84.92 against the greenback, and touched 84.95 during intra-day trade. File. | Photo Credit: Reuters The rupee dropped 3 paise to close at an all-time low of 84.94 (provisional) against the U.S. dollar on Wednesday (December 18, 2024), as traders await cues from the US Fed…
Read More “Rupee falls 3 paise to close at all-time low of 84.94 against U.S. dollar” »
File. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty stayed on the back foot for the third straight session on Wednesday (December 18, 2024) as investors offloaded utility, capital goods and metal stocks amid foreign fund outflows. The 30-share BSE benchmark Sensex tumbled 502.25 points or 0.62% to settle at 80,182.20, taking its…
Read More “Sensex, Nifty extend losses into 3rd session on foreign fund outflows” »