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Union Minister of State for Finance Pankaj Chaudhary speaks in Lok Sabha. | Photo Credit: ANI There is no timeline for introduction of comprehensive regulatory guidelines for the Virtual Digital Assets (VDA) industry, Parliament was informed on Monday (December 16, 2024). Virtual Digital Assets (VDAs) are by definition borderless and require international collaborations to prevent…
India’s G20 Sherpa and former Niti Aayog CEO Amitabh Kant. | Photo Credit: PTI India’s circular economy could generate a market value of over $2 trillion and create 10 million jobs by 2050, the country’s G20 Sherpa Amitabh Kant said Monday (December 16, 2024). Addressing an event here, Mr. Kant further said the circular economy…
From the 30-share Sensex blue-chip pack, Titan, Adani Ports, UltraTech Cement, Tata Consultancy Services, NTPC, Bharti Airtel, Tech Mahindra, Infosys, Hindustan Unilever and JSW Steel were the biggest laggards. File. | Photo Credit: Reuters Benchmark indices Sensex and Nifty closed lower on Monday (December 16, 2024) due to weak global cues amid caution ahead of…
Read More “Markets decline amid weak global trends; Sensex falls 385 points” »
On Friday, the rupee rebounded from its all-time low level and settled with a gain of 8 paise at 84.80 against the U.S. dollar. File. | Photo Credit: Reuters The rupee depreciated by 9 paise to close at an all-time low level of 84.89 (provisional) against the U.S. dollar on Monday (December 16, 2024), dragged…
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India’s merchandise exports fell 4.83% to $32.11 billion in November. File photo | Photo Credit: PTI India’s merchandise exports fell 4.83% to $32.11 billion in November while the import bill jumped 27% to a record high of almost $70 billion, as per data released by the Commerce Ministry. The trade deficit has also soared to…
Read More “India’s imports rises to 27%, touches to record high of almost $70 billion” »
Bazel International Ltd, a Non-Banking Financial Company (NBFC), has announced the acquisition of SR Industries Ltd. through the corporate resolution process facilitated by the National Company Law Tribunal (NCLT). “With this acquisition, Bazel becomes the majority shareholder of SR Industries and takes full ownership of its advanced footwear manufacturing plant in Una, Himachal Pradesh,” the…
Solar-powered agricultural water pump systems provider GK Energy Limited has filed preliminary papers with markets regulator SEBI to garner funds through an initial public offering (IPO). The proposed IPO of the Pune-based firm is a combination of fresh issue of shares worth ₹500 crore and an Offer-for-Sale (OFS) of ₹84 lakh equity shares by selling…
Anand Rathi Group’s brokerage arm, Anand Rathi Share and Stock Brokers has filed draft papers with capital markets regulator Sebi to raise ₹745 crore through an Initial Public Offering (IPO). The proposed IPO consists entirely of a fresh issue of shares worth up to ₹745 crore, with reservations included for subscriptions by eligible employees, as…
Read More “Anand Rathi Share and Stock Brokers files draft papers with SEBI for ₹745-crore IPO” »
Representational image of an aerial view of a footpath market in Bengaluru. Food price inflation decelerated to 8.9% in November 2024 from a 25-month high of 11.6% in October | Photo Credit: Sudharaka Jain India’s wholesale prices rose at a three-month low pace of 1.89% in November, easing from October’s 2.4% uptick, with food price…
Read More “Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%” »
The Indian Rupee logo is seen inside the Reserve Bank of India (RBI) headquarters in Mumbai. | Photo Credit: REUTERS The rupee fell 3 paise to 84.83 against the U.S. dollar in early trade on Monday (December 16, 2024), dragged down by a muted trend in domestic equities and elevated crude oil prices. Forex traders…
Read More “Rupee falls 3 paise to 84.83 against U.S. dollar in early trade” »