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Image for representational purposes only | Photo Credit: Reuters The rupee slumped to its all-time low of 84.76 (provisional) against the U.S. dollar after dropping 8 paise on Wednesday (December 4, 2024) amid a strengthening greenback and increase in crude prices. Forex traders said a positive trend in domestic equity markets and foreign fund inflows…
Read More “Rupee plummets to all-time low of 84.76 against U.S. dollar” »
The decision taken at the RBI Governor Shaktikanta Das headed six-member Monetary Policy Committee will be announced on Friday (December 6, 2024) | Photo Credit: Reuters Reserve Bank’s high level panel on Wednesday (December 4, 2024) started deliberations on the bi-monthly monetary policy amid expectations of status quo on interest rate as the retail inflation…
Read More “Reserve Bank’s MPC starts deliberations on bi-monthly monetary policy” »
From the 30-share Sensex pack, HDFC Bank, Bajaj Finserv, NTPC, Titan, Tata Consultancy Services, Tech Mahindra, Bajaj Finance, and ICICI Bank were the biggest gainers. File | Photo Credit: Reuters Benchmark Sensex advanced 110 points on Wednesday (December 4, 2024), extending its gains to the fourth day in a row, helped by buying in HDFC…
Read More “Sensex advances over 110 points on buying in private banks, foreign fund inflows” »
Image of stock brokers for representation only | Photo Credit: ANI Benchmark indices Sensex and Nifty climbed in early trade on Wednesday (December 4, 2024) helped by buying in HDFC Bank, IT stocks and fresh foreign fund inflows. Rallying for the fourth day running, the BSE benchmark Sensex climbed 190.47 points to 81,036.22 in early…
The rupee traded flat against the US dollar at 84.68 on Wednesday (December 4, 2024) morning as foreign inflows offset the impact of a strengthening greenback. A strengthening dollar against overseas currencies and a rise in Brent crude in international markets capped further gains in the local unit, while a positive trend in domestic equity…
Read More “Rupee stays flat at 84.68 against US dollar in early trade” »
Meta said it will take submissions from developers that want to take part in the request for proposals until January 3, 2025 [File] | Photo Credit: REUTERS Meta said on Tuesday it is seeking proposals from nuclear power developers to help meet its artificial intelligence and environment goals, becoming the latest big tech company to…
Read More “Meta seeks nuclear power developers for reactors to start in early 2030s” »
It is the GST Council chaired by the Union Finance Minister and including Ministers of all the States/UTs, which is empowered to recommend GST rates including changes to them. | Photo Credit: PTI Statement from the Central Board of Indirect Taxes (CBIT) and Customs on GST rate hike reports that have been doing the rounds…
In an important management change at Air India, the airline announced that an old-hand from Singapore Airlines, Basil Kwauk, will replace Klaus Goersch as the Chief Operations Officer. In an internal announcement, Air India’s MD & CEO Campbell Wilson informed that Mr. Goersch would be leaving Air India at the end of December “to take…
Read More “Basil Kwauk will replace Klaus Goersch as Air India COO” »
Indian Coast Guard personnel apprehend a Myanmarese fishing boat with more than 6,000 kg of methamphetamine on November 25, 2024. Photo: X/@IndiaCoastGuard via PTI Andaman and Nicobar police will seek details from Elon Musk’s Starlink, they said on Tuesday (December 3, 2024), in a bid to hunt down drug smugglers who used its satellite internet…
Read More “Andaman and Nicobar police to query Starlink over device used by drug smugglers” »
The BSE benchmark Sensex jumped 597.67 points or 0.74% to settle at 80,845.75 | Photo Credit: PTI Benchmark indices Sensex and Nifty rallied for the third straight session on Tuesday (December 3, 2024) amid buying in blue-chip stocks like HDFC Bank, Reliance Industries and firm trends in global markets. The BSE benchmark Sensex jumped 597.67…