Category: Business

Business

Rupee falls 4 paise to all-time low of 84.76 against U.S. dollar in early trade

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Rupee falls 4 paise to all-time low of 84.76 against U.S. dollar in early trade

Image used for representative purpose only | Photo Credit: Reuters The rupee fell 4 paise to all-time low of 84.76 against the U.S. dollar in early trade on Tuesday, as the strength of the American currency in the overseas market and unabated foreign portfolio outflows dented investor sentiments. Forex traders said the depreciation in rupee…

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Stock Market Today: Sensex, Nifty rally in early trade on buying in blue-chip stocks, firm global peers

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Stock Market Today: Sensex, Nifty rally in early trade on buying in blue-chip stocks, firm global peers

Brokers react during a stock market session. File photo | Photo Credit: ANI Benchmark indices Sensex and Nifty rallied in early trade on Tuesday (December 3, 2024) amid buying in blue-chip stocks like HDFC Bank and State Bank of India and firm trends in global markets. The BSE benchmark Sensex climbed 300.98 points to 80,549.06…

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Business

98.08% of ₹2000 notes returned, banknotes worth ₹6,839 crore still in market: RBI

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98.08% of ₹2000 notes returned, banknotes worth ₹6,839 crore still in market: RBI

Currency notes of ₹2,000 denomination remain legal tender even after it was removed from circulation. File photo. | Photo Credit: Ragu R The total value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when its withdrawal was announced, has declined to ₹6,839 crore at…

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Business

Fundamental sciences important in developing talent for future: GE Aerospace CTO

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Fundamental sciences important in developing talent for future: GE Aerospace CTO

Alok Nanda, pictured above, is the CEO, GE India Technology Centre & CTO, GE Aerospace – India | Photo Credit: GE Vernova As the aerospace industry continues to push the boundaries of innovation, one thing remains clear: fundamental sciences are at the heart of ground-breaking technological advancements. “We emphasize the importance of fundamental sciences in…

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Bangladesh halves power buying from Adani amid payment dispute

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Bangladesh halves power buying from Adani amid payment dispute

Gautam Adani, Chairman, Adani Group. | Photo Credit: ANI Bangladesh has halved the power it buys from Adani Power, citing lower winter demand, government officials told Reuters on Monday (December 2, 2024), amid disagreements over dues running into hundreds of millions of dollars. Adani, whose founder has been accused by U.S. authorities of being involved…

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Business

What is Centre’s new Oilfields Bill? How will it change India’s petroleum industry?

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What is Centre’s new Oilfields Bill? How will it change India’s petroleum industry?

The story so far: Parliament’s winter session has remained chilly as a stand-off continues between the Centre and Opposition over the indictment of Indian businessman Gautam Adani by the US Department of Justice (DoJ). The Rajya Sabha had listed the Oilfields (Regulation and Development) Amendment Bill, 2024 for passage on Monday (December 2, 2024), but…

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Sensex, Nifty settle higher on buying in blue-chips

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Sensex, Nifty settle higher on buying in blue-chips

People outside the Bombay Stock Exchange (BSE), Mumbai. | Photo Credit: REUTERS Benchmark indices Sensex and Nifty ended higher on Monday (December 2, 2024) amid buying in blue-chip stocks Reliance Industries, Infosys and HDFC Bank along with a firm trend in the U.S. markets. Recovering the early lost ground, the BSE benchmark Sensex climbed 445.29…

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Business

Rupee drops 13 paise to all-time low of 84.73 against U.S. dollar

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Rupee drops 13 paise to all-time low of 84.73 against U.S. dollar

Image for representational purposes only. | Photo Credit: Getty Images The rupee depreciated 13 paise to close at an all-time low of 84.73 (provisional) against the U.S. dollar on Monday (December 2, 2024), on disappointing macroeconomic data and broad strength of the American currency in the overseas markets. Forex traders said Asian currencies were down…

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Business

Trump’s 100% tariff threat on BRICS depends on whether U.S. laws would permit it, says ex-RBI governor

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Trump’s 100% tariff threat on BRICS depends on whether U.S. laws would permit it, says ex-RBI governor

File picture of former Reserve Bank Governor Duvvuri Subbarao | Photo Credit: K.V.S. Giri U.S. President-elect Donald Trump’s warning that BRICS countries will face 100% tariffs if they choose to move away from the U.S. dollar is unclear to what extent he will carry out his threat, as it remains to be seen if the…

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Govt scraps windfall profit tax on domestic crude oil, export of fuels

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Govt scraps windfall profit tax on domestic crude oil, export of fuels

India first imposed windfall profit taxes on July 1, 2022 joining a growing number of nations that tax super normal profits of energy companies. Representational file image. | Photo Credit: Reuters The government on Monday (December 2, 2024) scrapped 30-month old windfall profit tax on domestically-produced crude oil and on export of jet fuel (ATF),…

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