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Image used for representational purpose. | Photo Credit: Reuters Rupee opened on a flat note and rose just 4 paise from its all-time low level to 84.71 against the U.S. dollar in morning trade on Thursday (December 5, 2024), as the support from positive domestic equities was negated by the broad strength of the American…
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Abhinandan Lodha. File | Photo Credit: The Hindu HoABL Infraworld Private Limited, led by Abhinandan Lodha, has announced the acquisition of the iconic American Centre in Mumbai for ₹56 crore. The ground plus seven-storey structure spans 13,37.81 sq. metre with views of the Mumbai harbour on the east and the Marine Drive on the west. “This property, part of U.S. Consulate General in Mumbai, will have a developmental potential…
Read More “Abhinandan Lodha acquires Mumbai American Centre for ₹56 crore” »
Commenting on the Startup Policy Forum’s initiative, Piyush Goyal, Union Minister of Commerce and Industry said this ‘should reinforce India’s global leadership in the new-age economy.’ File photo | Photo Credit: ANI Startup Policy Forum (SPF), an alliance to advance India’s emerging sectors and a platform for collaboration between founders, policymakers and regulators, announced its formation…
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From the 30-share pack, Infosys, Tata Consultancy Services, Bharti Airtel, UltraTech Cement, Titan, Tech Mahindra, Adani Ports and Bajaj Finance were the biggest gainers. File | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty maintained their winning run on Thursday, beginning the day on a firm note, propelled by buying in IT stocks amid…
The PET recycling industry in India, which has seen an investment of ₹10,000 crore in three years, is expected to double the investment in the short term, an industry official said. “India’s PET recycling industry, represented by the All India Plastic Recycling Association (APR), stands as the world’s largest recycler, by capacity, with an impressive annual…
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Suraj Estate Developers, operating in South-Central Mumbai market has announced the acquisition of a vacant parcel of land measuring 1,464 sq. meters located on Senapati Bapat Marg, Mahim West for ₹101 crore, the company said in a statement. The land upon development will have an estimated RERA carpet area of 1.03 lakh sq feet. The…
Read More “Suraj Estate Developers acquires vacant Mumbai plot for ₹101 crore ” »
India’s July-September growth slides: what options does RBI have? | Business Matters | Video Credit: The Hindu Economic growth fell sharply to 5.4% for the quarter ended September. The important question is, what next? Are we looking at a prolonged slowdown? And as importantly, will the Reserve Bank cut rates, something that observers have been…
Watch: Marriage season, Delhi smog drove travel demand in November: ixigo CEO In a record for domestic air travel, airlines breached the 5-lakh mark in the total number of passengers ferried on a single day on November 17. The exact figure was 5,05,412. The high came exactly two Sundays after Diwali. The 5.05 lakh figure…
Read More “Watch: Marriage season, Delhi smog drove travel demand in November: ixigo CEO” »
Infosys founder Narayana Murthy | Photo Credit: PTI After Infosys co-founder Narayana Murthy reignited debates on work-life balance, Congress MP Gaurav Gogoi on Wednesday (December 4, 2024) responded and expressed his disagreement to the tech tycoon’s statement supporting grinding, relentless work hours — an ‘overwork culture.’ Gaurav Gogoi countered Narayana Murthy’s beliefs of work-life balance…
South Korean stocks sank Wednesday (December 4, 2024) while the won rebounded from earlier losses after President Yoon Suk Yeol dramatically declared martial law overnight before reversing the decision hours later. The shock announcement sent shivers through the trading floor in Seoul and fuelled a political crisis in Asia’s third-biggest economy, with the Opposition party…
Read More “Seoul stocks sink amid South Korea drama as Asian markets mixed” »