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Union Finance Minister Nirmala Sitharaman in the interim Budget had proposed to borrow ₹14.13 lakh crore by issuing dated securities to meet revenue shortfall in the next financial year. | Photo Credit: The Hindu The Centre has retained its borrowing target for the current financial year and plans to raise ₹6.61 lakh crore through auction of…
File picture of Akash Ambani | Photo Credit: PTI Reliance Foundation Chairperson Nita Ambani and Reliance Jio Infocomm Chairman Akash Ambani have joined the board of Viacom18 ahead of its merger with the India business of global media giant Walt Disney, industry sources said. Viacom18 is the holding company that owns the media and entertainment…
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The bull statue at the Bombay Stock Exchange building, in Mumbai. File | Photo Credit: PTI Benchmark Sensex rallied 666 points to close at a fresh record high on Thursday (September 26, 2024) following buying in auto and banking shares amid gains in global markets. The BSE Sensex jumped 666.25 points or 0.78 per cent…
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At the interbank foreign exchange, the local unit opened slightly weak at 83.66 against the American currency. File | Photo Credit: The Hindu The rupee depreciated by 6 paise to settle at 83.64 (provisional) against the U.S. dollar on Thursday (September 26, 2024), dragged by sustained foreign fund outflows. “However, a decline in global crude prices…
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File picture of semiconductor equipment on display | Photo Credit: Reuters Tata Electronics, a wholly owned subsidiary of Tata Sons Pvt. Ltd, said it had completed the Definitive Agreement with Powerchip Semiconductor Manufacturing Corporation (PSMC) of Taiwan towards establishing semiconductor manufacturing facilities (aka fabs) in India. As per the agreement, PSMC will provide design and construction support…
Image used for representative purpose only. | Photo Credit: Reuters Rupee declined 11 paise to 83.69 against the U.S. dollar in early trade on Thursday amid a strengthening dollar against overseas currencies and an increase in crude oil prices. FIIs turning net sellers on Wednesday put further pressure on the domestic currency against the greenback,…
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Trade ministers of India and Australia held parleys on Wednesday to assess the progress on negotiations towards a full-fledged free trade deal, about 20 months since an early harvest bilateral pact called the Economic Cooperation and Trade Agreement (ECTA) came into effect. Commerce and Industry Minister Piyush Goyal, who co-chaired a meeting of the India-Australia…
A man walks past the new logo of the Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: Reuters Benchmark Sensex closed above the 85,000 level for the first time while Nifty settled at a fresh lifetime high on Wednesday (September 25, 2024) as fag-end buying in banking and power shares helped stock…
Read More “Sensex settles above record 85,000 level, Nifty scales 26,000 mount on fag-end buying” »
At the interbank foreign exchange, the local unit opened slightly strong at 83.59 against the American currency. File | Photo Credit: Reuters The rupee appreciated 3 paise to close at 83.60 (provisional) against the U.S. dollar on Wednesday (September 25, 2024), tracking a positive trend in domestic equities and a weak greenback against major currencies…
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Indian twenty rupee currency notes are displayed at a roadside currency exchange stall in New Delhi. | Photo Credit: REUTERS The rupee appreciated 10 paise to 83.53 against the U.S. dollar in early trade on Wednesday (September 25, 2024), on the overall dollar weakness in the overseas market. Forex traders said the U.S. dollar has…
Read More “Rupee rises 10 paise to 83.53 against U.S. dollar in early trade” »