Category: Business

Business

Control of Murdoch media empire at stake as hearing to proceed with mogul and children

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Control of Murdoch media empire at stake as hearing to proceed with mogul and children

Rupert Murdoch, center, and his wife Elena Zhukova Murdoch arrive at the Second Judicial District Court in Reno, Nevada, on September 16, 2024. | Photo Credit: AP Rupert Murdoch and four of his children on Monday went before a Nevada probate commissioner behind closed doors to an evidentiary hearing that could decide who controls Mr….

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Business

Rupee gains 2 paise to 83.84 against U.S. dollar in early trade

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Rupee gains 2 paise to 83.84 against U.S. dollar in early trade

Image used for representational purpose. | Photo Credit: Reuters The rupee appreciated 2 paise to 83.84 against the U.S. dollar in early trade on Tuesday (September 17, 2024), helped by a weak greenback against major crosses overseas and lower crude oil prices in international markets. However, a sluggish trend in the domestic equities and fresh…

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Business

Markets decline in early trade on profit-taking after record rally

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Markets decline in early trade on profit-taking after record rally

File picture of the Bombay Stock Exchange (BSE) building in Mumbai | Photo Credit: Reuters Benchmark equity indices declined in early trade on Tuesday after surging to record high levels in the previous trading session, amid profit-taking and sluggish trends from the global markets. The 30-share BSE Sensex declined 90.8 points to 82,897.98. The NSE…

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Business

Onions worth lakhs of rupees pile up at ports and borders awaiting a system update

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Onions worth lakhs of rupees pile up at ports and borders awaiting a system update

The Vice President of Horticulture Produce Exporters’ Association said that if the issue was not resolved within a few hours, 35 containers that were slated to reach Tuticorin port in Tamil Nadu early on Tuesday (September 17, 2024) morning, would also be delayed | Photo Credit: The Hindu Three days after the Union government slashed…

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Business

Start-up India to move out of Invest India’s ambit: Goyal

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Start-up India to move out of Invest India’s ambit: Goyal

Commerce and Industry Minister Piyush Goyal on Monday announced the Centre’s Start-up India initiative will be moved out of the aegis of the official investment promotion and facilitation agency Invest India, to a new non-profit company that could also house the National Start-up Advisory Council. “I took a decision a few days back… Let us…

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Business

Rupee rises 4 paise to close at 83.88 against U.S. dollar

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Rupee rises 4 paise to close at 83.88 against U.S. dollar

Representational image. | Photo Credit: The Hindu The rupee witnessed range-bound trade and settled for the day higher by 4 paise at 83.88 (provisional) against the U.S. dollar on Monday (September 16, 2024) supported by weak American currency and significant foreign fund inflows, while firm crude oil prices capped sharp gains. Forex traders said market…

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Business

Sensex rebounds nearly 100 points to hit lifetime high; Nifty scales record intra-day level

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Sensex rebounds nearly 100 points to hit lifetime high; Nifty scales record intra-day level

Equity benchmark index Sensex rebounded nearly 100 points to hit a lifetime closing high on Monday (September 16, 2024), while the broader Nifty ended just shy of its record peak, propelled by bargain hunting in energy, utility and banking stocks amid sustained foreign fund inflows. The 30-share BSE Sensex climbed 97.84 points or 0.12% to…

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Business

Adani Power deal: Congress slams Mahayuti government in Maharashtra; calls it a ‘Modani Enterprise’

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Adani Power deal: Congress slams Mahayuti government in Maharashtra; calls it a ‘Modani Enterprise’

Jairam Ramesh. File | Photo Credit: PTI The Congress on Monday (September 16, 2024) criticised the Mahayuti government for awarding the Adani Group a contract to supply 6,600 MW of bundled renewable and thermal power to Maharashtra. It questioned whether this ‘favour’ to the conglomerate would lead to a significant tariff burden on the State’s…

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Business

Adani Group says press release in circulation on its Kenya projects is fake

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Adani Group says press release in circulation on its Kenya projects is fake

Adani Group said that all its official press releases are made available on its websites. | Photo Credit: Ajit Solanki The Adani Group on Monday (September 16, 2024) categorically stated that neither the Group nor any of its companies or subsidiaries have issued any press statements related to its ongoing projects and presence in Kenya….

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Business

Police detain 100 Samsung workers, union leaders for protest march in Chennai

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Police detain 100 Samsung workers, union leaders for protest march in Chennai

File picture of workers of a Samsung facility during a strike to demand higher wages at its Sriperumbudur plant near Chennai on September 11, 2024. | Photo Credit: Reuters Police have detained around 100 striking workers and union leaders protesting low wages at a Samsung Electronics plant near Chennai, as they were planning a march…

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