Category: Business

Business

U.K. Inflation rises further above Bank of England’s target in November

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U.K. Inflation rises further above Bank of England’s target in November

As inflation rates have fallen from multidecade highs, the central banks have started cutting interest rates. File (representational image) | Photo Credit: Reuters Inflation in the U.K. has risen to its highest level since March, driven by an increase in fuel prices last month, official figures showed on Wednesday (December 18, 2024). The Office for…

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Business

U.S. Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon

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U.S. Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon

“Growth is definitely stronger than we thought, and inflation is coming in a little higher,” U.S. Federal Reserve Chair Jerome Powell said recently. “So the good news is, we can afford to be a little more cautious as we try to find neutral.” File | Photo Credit: Reuters Federal Reserve officials on Wednesday (December 18, 2024)…

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Airtel become first private telco to connect Kupwara, Baramulla, Bandipore

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Airtel become first private telco to connect Kupwara, Baramulla, Bandipore

Image used for representation purpose only. | Photo Credit: V.V. Krishnan Bharti Airtel has become the first private telecom operator to launch mobile services in Kupwara, Baramulla and Bandipore districts of Jammu and Kashmir, the company said on Wednesday (December 18, 2024). The company said that it has deployed 15 mobile towers in Kupwara, Baramulla…

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Rahul slams government over trade deficit touching all-time high

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Rahul slams government over trade deficit touching all-time high

Congress leader and the Leader of Opposition in the Lok Sabha Rahul Gandhi. | Photo Credit: ANI Slamming the Modi government, Leader of Opposition in the Lok Sabha Rahul Gandhi on Wednesday (December 18, 2024) said prioritising crony businesses over play-fair ones leads to weakened manufacturing sector, depreciating currency, record high trade deficits, high interest…

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Business

Markets decline in early trade amid foreign fund outflows; all eyes on U.S. Fed interest rate decision

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Markets decline in early trade amid foreign fund outflows; all eyes on U.S. Fed interest rate decision

Global oil benchmark Brent crude went up 0.04% to $73.22 a barrel. File | Photo Credit: Reuters Benchmark indices Sensex and Nifty declined in initial trade on Wednesday (December 18, 2024) amid foreign fund outflows and caution ahead of the U.S. Fed interest rate decision. The 30-share BSE benchmark Sensex went down by 149.31 points…

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Business

CBDT launches campaign to intimate taxpayers on mismatch in ITR filed and AIS

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CBDT launches campaign to intimate taxpayers on mismatch in ITR filed and AIS

The initiative is part of the implementation of the e-Verification Scheme, 2021. | Photo Credit: Getty Images The income tax department on Tuesday (December 17, 2024) said it is sending SMS and emails to taxpayers and non-filers where it has identified mismatch between transactions reported in Annual Information Statement (AIS) and income disclosed in ITRs…

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Business

State Planning Commission suggests District Cooling System to promote energy efficiency and sustainability

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State Planning Commission suggests District Cooling System to promote energy efficiency and sustainability

To minimise the burden on electricity grids and promote energy conservation, a District Cooling System (DCS) is being strongly considered as an alternative environment-friendly cooling solution, according to an analysis by the State Planning Commission (SPC). The panel’s report said DCS could help Tamil Nadu sustainably manage water through effective reuse, lowering heat island effects,…

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Business

Adani deal under bribery scrutiny was approved against officials’ advice

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Adani deal under bribery scrutiny was approved against officials’ advice

The approach from the Solar Energy Corporation of India (SECI) on September 15, 2021 came out of the blue. The federal agency, tasked with developing the solar sector, wanted to know if Andhra Pradesh would like to sign India’s largest renewables contract. Two years earlier, Andhra Pradesh’s energy regulator had said in a 10-year forecast…

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Business

Markets slump over 1% amid widespread selloff; Sensex sinks below 81k

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Markets slump over 1% amid widespread selloff; Sensex sinks below 81k

Exchange data shows that FIIs offloaded equities worth ₹278.70 crore on Monday (December 16, 2024). File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty slumped over 1% on Tuesday (December 17, 2024), weighed down by an across-the-board selloff amid cautious investors’ approach ahead of the U.S. Fed interest rate decision. Falling for the…

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