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Category: Business

Business

U.S. court issues arrest warrant for Gautam Adani: report

Posted on November 21, 2024 By admin
U.S. court issues arrest warrant for Gautam Adani: report

Adani Group Chairman Gautam Adani. File photo | Photo Credit: PTI Following the Gautam Adani’s indictment in the U.S. over an alleged multi-billion-dollar fraud scheme, a New York judge has issued a warrant for Mr . Adani’s arrest, media reports said. Gautam Adani U.S. indictment LIVE updates: Adani dollar bonds tumble after 250 million bribery…

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Business

India drops two places but remains among top 10 climate performers: Report

Posted on November 21, 2024 By admin
India drops two places but remains among top 10 climate performers: Report

India ranked 10th on a list of over 60 countries assessed for efforts to fight climate change despite dropping two spots compared to last ago, thanks to its low per capita emissions and rapid deployment of renewables, a report said on Wednesday (November 20, 2024). The Climate Change Performance Index (CCPI 2025) report, released at…

Read More “India drops two places but remains among top 10 climate performers: Report” »

Business

Majority of steel imports under FTAs, making any duty hike ineffective, says steel secy

Posted on November 20, 2024 By admin
Majority of steel imports under FTAs, making any duty hike ineffective, says steel secy

A labourer works inside a steel factory in Kanpur. File | Photo Credit: Reuters Around 62% of steel imports are landing from FTA countries at nil duty and any duty hike will not have any impact on these shipments, Steel Secretary Sandeep Poundrik said on Wednesday (November 20, 2024) while acknowledging that there is a…

Read More “Majority of steel imports under FTAs, making any duty hike ineffective, says steel secy” »

Business

Maharashtra polls: Nifty, Sensex closed today, FPIs sold equities of Rs 3,411.73 crore on Nov. 19

Posted on November 20, 2024 By admin
Maharashtra polls: Nifty, Sensex closed today, FPIs sold equities of Rs 3,411.73 crore on Nov. 19

Domestic stock markets on November 19, 2024 showed some bounce back after consistent selling pressure at the beginning of this week. | Photo Credit: Reuters Stock markets across the country remained closed on Wednesday on account of the assembly elections in Maharashtra. The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) observed a…

Read More “Maharashtra polls: Nifty, Sensex closed today, FPIs sold equities of Rs 3,411.73 crore on Nov. 19” »

Business

Is imposing tariffs on Chinese imports a good idea? | Explained

Posted on November 20, 2024 By admin
Is imposing tariffs on Chinese imports a good idea? | Explained

For representative purposes. | Photo Credit: iStockphoto The story so far: Donald Trump, the President-elect of the U.S., has promised to impose tariffs of up to 60% on Chinese imports to correct the huge trade deficit the U.S. has with China and also as a punitive measure to make China reduce the subsidisation of its…

Read More “Is imposing tariffs on Chinese imports a good idea? | Explained” »

Business

Tata Power, Bhutan’s Druk Green Power Corp to develop 5,000 MW clean energy projects

Posted on November 19, 2024 By admin
Tata Power, Bhutan’s Druk Green Power Corp to develop 5,000 MW clean energy projects

The collaboration marks the largest partnership between two of the leading power companies of the two nations in Asia’s clean energy sector. Representational file image. | Photo Credit: Reuters Tata Power on Tuesday (November 19, 2024) said it has entered into a strategic partnership with Bhutan’s Druk Green Power Corporation Ltd (DGPC) for the development…

Read More “Tata Power, Bhutan’s Druk Green Power Corp to develop 5,000 MW clean energy projects” »

Business

Sensex, Nifty rebound after days of downtrend

Posted on November 19, 2024 By admin
Sensex, Nifty rebound after days of downtrend

Image for representative purpose only | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty bounced back on Tuesday (November 19, 2024) after days of downtrend on value-buying at lower levels and rally in blue-chip stocks HDFC Bank, Tech Mahindra and M&M. Continuous buying by domestic institutional investors also supported the indices, traders said. Snapping…

Read More “Sensex, Nifty rebound after days of downtrend” »

Business

Rupee settles 1 paisa lower at 84.43 against U.S. dollar

Posted on November 19, 2024 By admin
Rupee settles 1 paisa lower at 84.43 against U.S. dollar

The rupee recovered from its lowest level of 84.46 to settle 4 paise higher at 84.42 against the U.S. dollar | Photo Credit: Getty Images/iStockphoto The rupee traded in an almost flat note and settled 1 paisa lower at 84.43 (provisional) against the U.S. dollar on Tuesday (November 19, 2024), as support from positive domestic…

Read More “Rupee settles 1 paisa lower at 84.43 against U.S. dollar” »

Business

NTPC Green IPO opens for subscription from today at a price band of ₹102-108

Posted on November 19, 2024 By admin
NTPC Green IPO opens for subscription from today at a price band of ₹102-108

A signboard of NTPC is seen outside its office in Mumbai. | Photo Credit: REUTERS The Initial Public Offering (IPO) of NTPC Green Energy Ltd (NGEL), a subsidiary of the Maharatna public sector enterprise NTPC Ltd, opened for subscription today, Tuesday (November 19, 2024). The IPO is offered, at a price band of ₹102-108 per…

Read More “NTPC Green IPO opens for subscription from today at a price band of ₹102-108” »

Business

Rupee rises 2 paise to 84.40 against U.S. dollar in early trade

Posted on November 19, 2024 By admin
Rupee rises 2 paise to 84.40 against U.S. dollar in early trade

On Monday, the rupee bounced back from a low of 84.46, settling 4 paise higher at 84.42 against the U.S. dollar. File | Photo Credit: NAGARA GOPAL The rupee rose 2 paise to 84.40 against the U.S. dollar in early trade on Tuesday (November 19, 2024) amid a recovery in domestic equity markets and a…

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