Category: Business

Business

Rupee falls 4 paise to close at 84.09 against U.S. dollar

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Rupee falls 4 paise to close at 84.09 against U.S. dollar

Image used for representational purpose. | Photo Credit: Reuters Rupee depreciated 4 paise to close at 84.09 (provisional) against U.S. dollar on Wednesday (October 30, 2024), weighed down by weak domestic markets and month-end dollar demand from importers. Forex traders said suspected intervention by the Reserve Bank of India (RBI) supported the local currency at…

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Castrol India names Kedar Lele as its new MD

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Castrol India names Kedar Lele as its new MD

Former Executive Director of Hindustan Unilever Limited Kedar Lele. File | Photo Credit: The Hindu Castrol India Limited, a lubricant manufacturer, has announced the appointment of Kedar Lele as its new Managing Director, effective November 1, 2024. Mr. Lele joins the company after a two-decade-long career at Hindustan Unilever Limited (HUL), where he last served as…

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Business

Swiggy announces ₹11,000 crore IPO with a price band of ₹371 to ₹390

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Swiggy announces ₹11,000 crore IPO with a price band of ₹371 to ₹390

File image. | Photo Credit: Getty Images Swiggy Ltd.‘s  nearly ₹11,000 crore Initial Public Offering (IPO) will be open between November 6 and November 8, 2024. The company is has set a price band between ₹371 to ₹390 a piece. Shares for the IPO will be allotted in lots of 38 and its multiples. The…

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Business

Sugar sector demands hike in sale price and ethanol prices

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Sugar sector demands hike in sale price and ethanol prices

Workers harvest sugarcane in Kolhapur district of Maharashtra. File. | Photo Credit: Reuters The Indian Sugar and Bio-Energy Manufacturers Association (ISMA) has urged the government to increase the minimum sale price of sugar and ethanol and permit sugar exports. The Minimum Sale Price (MSP) of sugar should be increased to ₹39.14 a kg for the…

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Business

U.S. faces shortage of IV fluids, India alerts domestic firms to chip in 

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U.S. faces shortage of IV fluids, India alerts domestic firms to chip in 

Image for representation purpose only. | Photo Credit: AP India’s drug exporters body Pharmexcil has alerted members to a shortage of intravenous (IV) fluids that the United States is facing in the aftermath of Hurricane Helene damage to a manufacturing facility, and urged them to explore the opportunity to chip in with supplies. Manufacturers of…

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Business

U.S. faces shortage of IV fluids, India alerts domestic firms to chip in 

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U.S. faces shortage of IV fluids, India alerts domestic firms to chip in 

Image for representation purpose only. | Photo Credit: AP India’s drug exporters body Pharmexcil has alerted members to a shortage of intravenous (IV) fluids the U.S. is facing in the aftermath of Hurricane Helene damage to a facility and urged them to explore the opportunity to chip in with supplies. Manufacturers of intravenous fluids having…

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Business

Nara Lokesh meets Amazon Web Services MD Rachel Skaff and Indra Nooyi, among others, in Las Vegas

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Nara Lokesh meets Amazon Web Services MD Rachel Skaff and Indra Nooyi, among others, in Las Vegas

IT & Electronics and Education Minister Nara Lokesh interacts with former chairman & CEO of PepsiCo Indra Nooyi on the sidelines of the IT Serve Alliance Annual Conference at Las Vegas, U.S. on October 30, 2024. Photo: X/@naralokesh IT & Electronics and Education Minister Nara Lokesh requested Amazon Web Services (AWS) MD Rachel Skaff to establish a…

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Business

Markets decline in early trade dragged by bank stocks, weak Asian peers

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Markets decline in early trade dragged by bank stocks, weak Asian peers

Image used for representative purpose only | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty fell in early trade on Wednesday (October 30, 2024) dragged down by bank stocks and weak trends in Asian markets. The BSE Sensex declined 366.53 points to 80,002.50 in early trade. The NSE Nifty dropped 129.25 points to 24,337.60….

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Business

Rupee falls 2 paise to 84.07 against U.S. dollar in early trade

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Rupee falls 2 paise to 84.07 against U.S. dollar in early trade

Image used for representative purpose only | Photo Credit: R. Ragu The rupee opened on a flat note and depreciated 2 paise to 84.07 against the U.S. dollar in initial deals on Wednesday (October 30, 2024), weighed down by persistent foreign fund outflows and muted domestic equities. Forex traders said the strength of the American…

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Business

Oil firms hike commission paid to dealers, no rise in fuel prices

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Oil firms hike commission paid to dealers, no rise in fuel prices

Image used for representation only. | Photo Credit: Murali Kumar K State-owned fuel retailers on Tuesday hiked commission paid to petrol pump dealers but there will be no change in retail petrol and diesel prices. Petrol and diesel prices will fall in Odisha, Chhattisgarh, and Himachal Pradesh due to a rationalisation of intra-state freight. “IndianOil…

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