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From the 30 Sensex firms, Titan, Infosys, Maruti, Nestle, ITC, Adani Ports, HDFC Bank and Hindustan Unilever were the biggest laggards | Photo Credit: Reuters Equity benchmark indices slumped in early trade on Friday (October 18, 2024), falling for the fourth day running, amid relentless foreign fund outflows and selling in Infosys shares after its…
The rupee slipped 1 paisa to 84.07 against the U.S. dollar in early trade on Friday, as the weakening American currency failed to support the local unit amid negative domestic equity markets and higher crude oil prices. Forex traders said the unabated outflow of foreign funds also weighed on the domestic unit. At the interbank…
Read More “Rupee slips 1 paisa to 84.07 against U.S. dollar in early trade” »
World Bank President Ajay Banga. File | Photo Credit: Reuters India’s growth rate is among the shiniest parts of the world economy, World Bank president Ajay Banga said on Thursday (October 17, 2024), noting that a lot of this is driven by the domestic market. “There is no doubt that India’s growth rate is among…
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The EDLI scheme, launched in 1976, was to provide insurance benefits to members of the EPFO and to ensure that the families of members get financial assistance in case of death of the member. Photo: Facebook/socialepfo The Centre has decided to extend providing benefits of Employees’ Deposit Linked Insurance (EDLI) Scheme to all subscribers of Employees’…
Read More “Insurance benefits to stay for EPFO subscribers” »
Image used for representative purpose only. | Photo Credit: H. Vibhu Union Consumer Affairs Secretary Nidhi Khare has said on Thursday (October 17, 2024) that the Centre will distribute 1,600 tonnes of onions in the northern region to address the rising prices ahead of the festival season. The supply situation of tomatoes is also set…
Read More “Centre sends train with 1,600 tonnes onions to Delhi to ease prices” »
The Hyundai Motor India IPO which was a 100% offer for sale by its parents opened for subscription on Tuesday in the price band of ₹1,865 and ₹1,960 per share. File. | Photo Credit: Reuters India’s biggest ever Initial Public Offering (IPO) of Hyundai Motor India Ltd., the bidding for which ended on Thursday. received lukewarm…
Market benchmark indices Sensex and Nifty slumped on Thursday (October 17, 2024), taking their downward trend to the third day | Photo Credit: Getty Images Market benchmark indices Sensex and Nifty slumped on Thursday (October 17, 2024), taking their downward trend to the third day running amid unabated foreign fund outflows. Intense selling in realty,…
Read More “Sensex, Nifty fall for 3rd day amid foreign fund exodus” »
Nitin Gadkari said the Ministry is constructing several highways and expressways, which will help reduce India’s logistics cost. File | Photo Credit: PTI Union Road Transport and Highways Minister Nitin Gadkari on Thursday (October 17, 2024) said India’s logistics cost will come down to single digits within the next two years. Addressing an event organised…
This is the largest IPO in the country, surpassing LIC’s initial share sale of ₹21,000 crore. | Photo Credit: Reuters The Initial Public Offering (IPO) of Hyundai Motor India Limited, the Indian arm of South Korean automaker Hyundai, got fully subscribed on the third day of the bidding on Thursday (October 17, 2024). The ₹27,870…
Read More “Hyundai Motor India’s record ₹27,870 crore IPO fully subscribed” »
Ulka Kelkar from WRI India says, focusing on women in skilling and re-skilling labour at legacy industries could aid in ensuring a just and equitable transition to a low-carbon future Source link