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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 declined in early trade on Monday (December 16, 2024) in line with weak global cues and caution ahead of the WPI inflation data to…
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For representative purposes. | Photo Credit: iStockphoto The story so far: COP29, the ongoing climate conference in Azerbaijan’s capital Baku, has given a fillip to the idea of using carbon markets to curb carbon emissions by approving standards that can help in the setting up of an international carbon market as soon as the coming…
Read More “How would a carbon market function? | Explained” »
Report says increase in expenditure is fuelled only by the rise in prices. | Photo Credit: NIHARIKA KULKARNI In November, 88.6% respondents in urban households said that their spending on essential items had increased from a year ago, the highest such share in the last nine years. In the same month, 30% of respondents said…
Read More “Share who spent more rose amid dip in share who earned more” »
Federation of Minor Minerals Industry secretary-general Dr. Ch. Rao. File photo: Special Arrangement FEMMI expresses concern over Andhra Pradesh mining sector crisis, urges government intervention for sustainable industry development. SRIKAKULAM The Federation of Minor Minerals Industry (FEMMI) has expressed grave concern over the alarming state of the mining sector in Andhra Pradesh, which has been…
December 9 began as a routine day for North Block mandarins, with questions pertaining to the Finance Ministry to be answered in the Lok Sabha. But for avid observers of the economy and financial markets, the big question of the day was neither starred nor unstarred. It revolved around the Governorship of the Reserve Bank…
Deepak Sood, Secretary General of the Associated Chambers of Commerce and Industry of India (ASSOCHAM). Photo: Deepak Sood via @Deepaksood69/X Deepak Sood, Secretary General of the Associated Chambers of Commerce and Industry of India (ASSOCHAM) is moving on from the Chamber to pursue other interests, the Chamber said in a press release. President of ASSOCHAM,…
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Image of Enforcement Directorate. File | Photo Credit: PTI The Enforcement Directorate (ED) has restituted assets worth ₹4,025 crore of the erstwhile Bhushan Steel and Power Limited to JSW Steel following approval from the Supreme Court, the federal probe agency said on Saturday (December 14, 2024). JSW Steel was the successful resolution applicant to the…
Read More “ED restitutes assets worth Rs 4,025 crore in Bhushan Steel bank ‘fraud’ case” »
In a statement, Switzerland announced suspension of the application of the most favoured nation (MFN) clause of the protocol to the agreement between the Swiss Confederation and the Republic of India for the avoidance of double taxation with respect to taxes on income. File | Photo Credit: Reuters Switzerland has withdrawn the Most Favored Nation…
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Image used for representational purposes. File | Photo Credit: The Hindu The rupee rebounded from its all-time low level and settled with a gain of 10 paise at 84.78 (provisional) against the U.S. dollar on Friday (December 13, 2024), buoyed by a strong recovery in domestic equity markets and easing inflation data. However, a…
Read More “Rupee recovers 10 paise to end at 84.78 against U.S. dollar” »
In 2008, the SEBI had introduced algorithmic trading which provided facilities like faster order execution, reduced transaction costs and greater transparency. File | Photo Credit: Reuters Securities and Exchange Board of India (SEBI) on Friday (December 13, 2024) proposed a framework to allow retail investors to participate in algorithmic trading through stock brokers. In 2008,…
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