Category: Business

Business

Price variations in tomato, onion, potato were higher during UPA regime: Centre

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Price variations in tomato, onion, potato were higher during UPA regime: Centre

An official said that initiatives such as transportation through rail to various consuming centres from Maharashtra and the arrival of kharif onions in the market are likely to bring prices further down. File | Photo Credit: The Hindu As the prices of tomato, onion, and potato (TOP), the three essential vegetables in Indian households, remained…

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Business

Rupee falls 4 paise to close at all-time low of 84.43 against U.S. dollar

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Rupee falls 4 paise to close at all-time low of 84.43 against U.S. dollar

The rupee traded in a tight range and fell 4 paise to close at an all-time low of 84.43 (provisional) against the U.S. dollar. File | Photo Credit: Reuters The rupee traded in a tight range and fell 4 paise to close at an all-time low of 84.43 (provisional) against the U.S. dollar on Thursday…

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Business

Sensex drops 110 points; Nifty falls for sixth day on FII selling, inflationary concerns

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Sensex drops 110 points; Nifty falls for sixth day on FII selling, inflationary concerns

From the 30-share Sensex pack, Hindustan Unilever, NTPC, Nestle, IndusInd Bank, Power Grid, Adani Ports, Tata Motors and Bajaj Finserv were the major laggards.  | Photo Credit: Reuters Benchmark Sensex declined by 110 points in a see-saw trade on Thursday (November 14, 2024), marking its third straight session of losses amid continued FII selling, disappointing…

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Business

India’s goods exports jumps to 17.25% in October

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India’s goods exports jumps to 17.25% in October

 India’s total exports, including services, is expected to cross the $800 billion mark this year. | Photo Credit: VIPIN CHANDRAN India’s goods exports jumped 17.25% to $39.2 billion in October, marking the best month in recent times, even as the import bill surged to a fresh record high of $66.34 billion, 3.9% over the same…

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Business

Rupee slips 1 paisa to all-time low of 84.40 against US dollar in early trade

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Rupee slips 1 paisa to all-time low of 84.40 against US dollar in early trade

Representational image. | Photo Credit: REUTERS The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Thursday (November 14, 2024), weighed down by unabated foreign fund outflows and strong dollar demand from investors. Forex traders said the downward pressure on the USD/INR pair is largely driven…

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Business

India’s middle class tightens its belt, squeezed by food inflation

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India’s middle class tightens its belt, squeezed by food inflation

India’s city dwellers are cutting spending on everything from cookies to fast food as persistently high inflation squeezes middle class budgets, threatening the country’s brisk economic growth. Slowing urban spending over the past three to four months has not only hurt the earnings of largest consumer goods firms, it has raised questions about the structural…

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Business

Adani commits $10 billion in U.S. energy, infra projects

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Adani commits billion in U.S. energy, infra projects

The Adani Group-owned Mundra Port in Mundra in January 2024. | Photo Credit: AFP Billionaire Gautam Adani on Wednesday (November 13, 2024) committed to investing $10 billion in energy and infrastructure projects in the United States. “Congratulations to @realDonaldTrump,” he posted on X. “As the partnership between India and the United States deepens, the Adani…

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