Category: Business

Business

Nifty hits fresh all-time high in early trade; Sensex climbs 181 points

September 16, 2024 admin

Image used for representational purpose. | Photo Credit: PTI Equity benchmark indices rebounded in early trade on Monday (September 16), with the Nifty hitting a fresh all-time high level, amid foreign fund inflows and a rally in the U.S. markets. The 30-share BSE Sensex climbed 180.92 points to 83,071.86 in early trade. The NSE Nifty…

Business

UAS Dharwad to host Krishi Mela from September 21

September 16, 2024 admin

University of Agricultural Sciences (UAS) in Dharwad will host the 34th edition of Krishi Mela from September 21 to 24, 2024. | Photo Credit: SPECIAL ARRANGEMENT The 34th Krishi Mela will be held in the University of Agricultural Sciences (UAS) in Dharwad from September 21 to 24. This year’s theme is `Agricultural technologies for management of…

Business

Rupee rises 5 paise to 83.87 against U.S. dollar in early trade

September 16, 2024 admin

Image used for representative purpose only. | Photo Credit: Reuters The rupee appreciated by 5 paise to 83.87 against the U.S. dollar in early trade on Monday supported by weakening of the American currency in the overseas market and significant foreign fund inflows. Forex traders said market participants are eagerly awaiting cues from the U.S….

Business

In Frames: Jute — the golden fibre

September 15, 2024 admin

Jute, known as the golden fibre, is the second most important cash crop in India after cotton in terms of cultivation and usage. India is the largest producer of jute in the world. West Bengal, Assam, and Bihar are the major jute-growing States in the country, and raw jute farming and trade make up the…

Business

FPIs inject ₹27,856 crore in equities in September so far on U.S. rate cut expectations

September 15, 2024 admin

Foreign Portfolio Investors (FPIs) have infused ₹27,856 crore in domestic equities in the first fortnight this month, owing to the resilience of the Indian market and growing optimism around the potential interest rate cut in the U.S. FPIs have been consistently buying equities since June. Before that, they pulled out ₹34,252 crore in April-May. “With…

Business

Electric two-wheeler adoption in India rising, 13% share expected by 2026-27: Jefferies report

September 15, 2024 admin

The adoption of electric two-wheeler vehicles in India is on a gradual rise. File The adoption of electric two-wheeler vehicles in India is on a gradual rise and it is expected that their share will rise to upwards of 13% by 2026-27, investment banking company Jefferies asserted in a report. In the financial year that…

Business

Onion export duty slash: Mixed reactions in India’s largest onion producing State

September 14, 2024 admin

At a time when the rabi produce of onion is almost coming to an end, there are mixed reactions in Maharashtra over the Union government’s decision to slash export duty on onion from 40% to 20%, and to scrap the $550 per tonne MEP. Poll-bound Maharashtra is the largest onion producing State in the country….

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Increase in import duty on edible oil to help farmers: Shivraj Singh Chouhan

September 14, 2024 admin

File picture of Union Minister for Agriculture and Farmers Welfare Shivraj Singh Chouhan | Photo Credit: ANI Union Minister of Agriculture Shivraj Singh Chouhan welcomed the decision to increase the import duty on edible oils from 0% to 20% and said it was a big move in favour of farmers’ welfare. In a statement in…

Business

Madhabi Puri Buch | The regulator at the centre of a storm

September 14, 2024 admin

The Securities and Exchange Board of India (SEBI) is the apex regulator for the securities market with a preamble that affirms its commitment “to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.” In February 2022, the Government announced the appointment of Madhabi Puri Buch,…

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