Category: Business

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Sensex, Nifty face volatile trends after RBI policy announcement

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Sensex, Nifty face volatile trends after RBI policy announcement

Both the Nifty and Sensex faced bouts of volatility between highs and lows. File | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty turned highly volatile after the Reserve Bank of India’s monetary policy announcement. Markets dipped 0.45% to 81514 at the Bombay Stock Exchange (BSE) as the RBI governor Shaktikanta Das announced the…

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RBI gives nod to Canara Bank’s proposal to divest its stake in life insurance, MF ventures

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RBI gives nod to Canara Bank’s proposal to divest its stake in life insurance, MF ventures

Canara HSBC Life Insurance Company is a joint venture company with a 51% stake owned by Canara Bank and a 26% stake held by the HSBC Insurance (Asia Pacific) Holdings and remaining 23% stake by Punjab National Bank. Canara Bank on Thursday (December 5, 2024) said it has got Reserve Bank of India’s (RBI) approval…

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RBI Monetary Policy Committee meeting: policy rate unchanged at 6.5% for 11th time in a row

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RBI Monetary Policy Committee meeting: policy rate unchanged at 6.5% for 11th time in a row

Shaktikanta Das, Governor, Reserve Bank of India. File. | Photo Credit: Thulasi Kakkat  The Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday (December 6, 2024) decided to keep the policy repo rate unchanged at 6.50% for the 11th consecutive time. The last time the MPC had increased rates to 6.5% was in February…

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Business

Sensex, Nifty surge on buying in IT stocks, foreign fund inflows

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Sensex, Nifty surge on buying in IT stocks, foreign fund inflows

From the 30-share Sensex pack, Tata Consultancy Services, Titan, Infosys, Bharti Airtel, Bajaj Finance, ICICI Bank, HCL Technologies and Tech Mahindra were the biggest gainers. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty maintained their winning run on Thursday (December 5, 2024), rising 1%, propelled by buying in IT stocks amid a rally…

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Rupee recovers from all-time low, rises 3 paise to close at 84.72 against U.S. dollar

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Rupee recovers from all-time low, rises 3 paise to close at 84.72 against U.S. dollar

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading lower by 0.16% at 106.15. File | Photo Credit: The Hindu The rupee recovered from its all-time low level and settled for the day with gains of just 3 paise at 84.72 (provisional) against the U.S. dollar in a…

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Business

Hyundai to hike prices by up to ₹25,000 from January 1, 2024

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Hyundai to hike prices by up to ₹25,000 from January 1, 2024

Hyundai Motor India Limited’s price increase will impact all the 2025 models. | Photo Credit: AP Hyundai Motor India Limited on Thursday (December 5, 2024), said it will increase prices of its vehicles across model range by up to ₹25,000 from January 1, 2025. “The price increase has been necessitated owing to an increase in…

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Hyundai to hike prices by up to ₹25,000 from January 1, 2025

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Hyundai to hike prices by up to ₹25,000 from January 1, 2025

Hyundai Motor India Limited’s price increase will impact all the 2025 models. | Photo Credit: AP Hyundai Motor India Limited on Thursday (December 5, 2024), said it will increase prices of its vehicles across model range by up to ₹25,000 from January 1, 2025. “The price increase has been necessitated owing to an increase in…

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‘Afghanistan economy shows modest signs of growth but recovery remains fragile,’ says World Bank

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‘Afghanistan economy shows modest signs of growth but recovery remains fragile,’ says World Bank

An Afghan woman tailor works with a sewing machine in the Afghan Women Business Hub in Kabul. File | Photo Credit: AP “Afghanistan’s economy is showing modest signs of growth after two years of severe contraction,” the World Bank said. In its latest development update issued late on Wednesday (December 4, 2024), the Financial Institution…

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