Category: Business

Business

Adani Group to invest ₹7.5 lakh crore in Rajasthan across sectors

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Adani Group to invest ₹7.5 lakh crore in Rajasthan across sectors

Image of Adani Group building. File | Photo Credit: Vijay Soneji ”The Adani Group is planning to invest ₹7.5 lakh crore across sectors in Rajasthan,” a senior company official said on Monday (December 9, 2024). While speaking at the Rising Rajasthan Summit Adani Ports and Special Economical Zone (SEZ), managing director Karan Adani said, “50%…

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Business

Markets settle lower amid selling in blue-chip stocks

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Markets settle lower amid selling in blue-chip stocks

Image for representative purposes only | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty ended lower on Monday (December 9, 2024), dragged down by selling in blue-chip stocks Reliance Industries, Hindustan Unilever, Axis Bank and mixed global trend. After oscillating between highs and lows during the day, the 30-share BSE benchmark Sensex declined 200.66…

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Business

Rupee drops 8 paise to close at 84.74 against U.S. dollar

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Rupee drops 8 paise to close at 84.74 against U.S. dollar

Forex traders said post the RBI monetary policy announcement, investors will await the Industrial Production (IIP) and CPI data for further cues. File | Photo Credit: The Hindu The rupee depreciated 8 paise to close at 84.74 (provisional) against the U.S. dollar on Monday (December 9, 2024), dragged down by fresh foreign fund outflows and…

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Business

War on spam: Airtel’s network flags 8 billion spam calls in 2.5 months; identifies 1 million spammers daily

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War on spam: Airtel’s network flags 8 billion spam calls in 2.5 months; identifies 1 million spammers daily

In the last 2.5 months, the company has alerted close to 252 million unique customers to these suspicious calls. File | Photo Credit: Reuters Telecom operator Bharti Airtel on Monday (December 9, 2024) said its network has flagged a staggering 8 billion spam calls and called out 0.8 billion spam SMSes (text messages) within two-and-a-half…

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Business

Auto retail sales up 11.21% in November riding on two-wheeler demand: FADA

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Auto retail sales up 11.21% in November riding on two-wheeler demand: FADA

Retail sales of vehicles across categories in India grew by 11.21% at 32,08,719 units in November, as compared to 28,85,317 units in the same month last year riding on two-wheeler demand, Federation of Automobile Dealers Associations said on Monday (December 9, 2024). Retail sales of two-wheelers were at 26,15,953 units last month, as compared to…

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Business

Paytm shares hit 52-week high; up more than 3%

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Paytm shares hit 52-week high; up more than 3%

As the company’s shares touched a 52-week high, the market valuation of Paytm rose by ₹1,986.32 crore to ₹64,109.58 crore. File | Photo Credit: Reuters Shares of One97 Communications, which owns the Paytm brand, on Monday (December 9, 2024) jumped more than 3% on the bourses after the company approved the sale of stake in Softbank…

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Business

Rupee falls 7 paise to 84.73 against US dollar in early trade

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Rupee falls 7 paise to 84.73 against US dollar in early trade

At the interbank foreign exchange, the rupee opened at 84.70 against the greenback, then touched 84.73 in the initial trade, registering a fall of 7 paise over its previous close. Representational image. The rupee fell 7 paise to trade at 84.73 against the U.S. dollar in early trade on Monday (December 9, 2024) dragged down…

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Business

Equity markets see high volatility, Sensex falls 150 points, nifty down 37 points

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Equity markets see high volatility, Sensex falls 150 points, nifty down 37 points

From the Sensex pack, Hindustan Unilever, Nestle India, UltraTech Cement, Infosys, Asian Paints, Mahindra & Mahindra and Tata Steel were the major laggards. File Equity benchmark indices Sensex and Nifty faced heavy volatility in early trade on Monday (December 9, 2024) amid selling in blue chips like Infosys and ICICI bank amid a weak trend…

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Business

The issue of India’s economic growth versus emissions

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The issue of India’s economic growth versus emissions

‘While India’s relative decoupling is a step in the right direction, the path to absolute decoupling is still a long and complex journey’ | Photo Credit: Getty Images The Indian economy has consistently showcased its robust growth over the past few decades. But higher economic growth is believed to have come with increasing environmental pressure,…

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