Category: Business

Business

Singapore Airlines to invest additional ₹3,195 crore in Air India post-Vistara merger

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Singapore Airlines to invest additional ₹3,195 crore in Air India post-Vistara merger

The merger of Vistara with Air India will mark a major consolidation in the fast-growing Indian aviation space. File | Photo Credit: Reuters Singapore Airlines will make an additional investment of ₹3,194.5 crore in Tata Group-owned Air India post-merger of Vistara in November. The merger, announced on November 29, 2022, and set to be completed…

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Business

What happens to Indian firms on U.S. blacklist?

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What happens to Indian firms on U.S. blacklist?

The Department of Commerce building in Washington D.C. File | Photo Credit: Reuters The story so far: The government is still gauging the impact of a decision by the U.S. Treasury department to impose sanctions on 19 Indian entities among nearly 400 companies, mainly for supplying “dual-use” technologies to Russia. In addition, the Bureau of…

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Business

Paddy procurement in Punjab going on smoothly, says Centre

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Paddy procurement in Punjab going on smoothly, says Centre

Workers weigh and pack paddy bags at a grain market. | Photo Credit: Reuters Amid complaints and protests by farmers’ organisations in Punjab that paddy procurement from the State has been delayed, the Centre said on Saturday (November 9, 2024) that the Food Corporation of India (FCI) and the State agencies have procured 120.67 lakh…

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Business

‘Domestic savers to offset foreign investor exodus’: experts

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‘Domestic savers to offset foreign investor exodus’: experts

Although Dalal Street may remain volatile in the short term thanks to FII exits, it will stabilise in the medium term, experts said | Photo Credit: Paul Noronha October’s record pullback from Indian markets by foreign institutional and portfolio investors (FIIs and FPIs) may not deter inflows from domestic investors into Indian equity markets as…

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Business

Ratan Tata’s absence deeply felt across the world, writes PM Narendra Modi

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Ratan Tata’s absence deeply felt across the world, writes PM Narendra Modi

File picture of Prime Minister Narendra Modi (then Chief Minister of Gujarat) with industrialist Ratan N. Tata at the Global Investors Summit 2011 in Gandhinagar | Photo Credit: PTI It has been a month since Shri Ratan Tata Ji left us. From bustling cities and towns to villages, his absence is deeply felt across every…

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Business

Tea industry calls for scientific quality grading of tea

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Tea industry calls for scientific quality grading of tea

Image used for representation only. | Photo Credit: K. K. Mustafah As the tea industry in the country continues to grapple with quality issues the Indian Tea Association (ITA) on Friday emphasised on the introduction of a statutory scientific quality grading system from one leaf to five leaf marks on tea retail packets to enhance…

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Business

Tata Motors Q2 consolidated net profit declines 11% to ₹3,343 cr

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Tata Motors Q2 consolidated net profit declines 11% to ₹3,343 cr

Photo used for representation purpose only. | Photo Credit: Reuters Tata Motors on Friday (November 8, 2024) reported Q2 consolidated net profit down 11% to ₹3,343 crore as compared with ₹3,764 crore in the year ago period. Revenue from operations during the quarter dropped 4% to ₹1,00,534 crore as compared with ₹1,04,444 crore in the…

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Business

Rupee falls 5 paise to hit new all-time low of 84.37 against U.S. dollar

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Rupee falls 5 paise to hit new all-time low of 84.37 against U.S. dollar

Image used for representative purpose only | Photo Credit: C. Venkatachalapathy Declining for the third straight session, the rupee dropped 5 paise to hit a new lifetime low of 84.37 (provisional) against the U.S. dollar on Friday (November 8, 2024), weighed down by persistent foreign fund outflows and a muted trend in domestic equities. Forex…

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Business

Sensex, Nifty fall for 2nd day amid foreign fund exodus, muted corporate earnings

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Sensex, Nifty fall for 2nd day amid foreign fund exodus, muted corporate earnings

Bombay Stock Exchange (BSE) building in Mumbai. File. | Photo Credit: Reuters Stock markets closed lower for the second straight day on Friday (November 8, 2024) amid relentless foreign fund outflows and losses in blue-chip stocks Reliance Industries, ICICI Bank and State Bank of India. Benchmark BSE Sensex declined by 55.47 points or 0.07% to…

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Business

SBI Q2 net profit jumps 23% to ₹19,782 cr

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SBI Q2 net profit jumps 23% to ₹19,782 cr

Photo used for representation purpose only. | Photo Credit: Reuters SBI on Friday (November 8, 2024) reported a 23% on-year jump in consolidated net profit at ₹19,782 crore for the quarter ended September 30, 2024. The consolidated net profit for the corresponding period last year stood at ₹16,099 crore. On a standalone basis, the country’s…

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Business