Category: Business

Business

Sensex, Nifty climb in early trade on rally in global markets, foreign fund inflows

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Sensex, Nifty climb in early trade on rally in global markets, foreign fund inflows

Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: Reuters Equity benchmark indices climbed in early trade on Tuesday (September 10, 2024) tracking a rally in global markets and fresh foreign fund inflows. The 30-share BSE Sensex climbed 241.68 points to 81,801.22 in early trade. The NSE Nifty went up 78.4 points to…

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Business

Rupee trades in narrow range against U.S. dollar in early trade

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Rupee trades in narrow range against U.S. dollar in early trade

The rupee traded in a narrow range on Tuesday (September 10, 2024) and depreciated 3 paise to 83.98 against the American currency. File | Photo Credit: Reuters The rupee traded in a narrow range on Tuesday (September 10, 2024) and depreciated 3 paise to 83.98 against the American currency, amid a muted trend in domestic…

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Business

Auto industry crosses ₹20 lakh crore mark in FY-24; contributes 14-15 pc to total GST: SIAM President

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Auto industry crosses ₹20 lakh crore mark in FY-24; contributes 14-15 pc to total GST: SIAM President

The Indian automotive industry has crossed ₹20 lakh crore mark in FY24 and now contributes 14-15% of the total GST collected in the country, SIAM President Vinod Aggarwal said on Monday (September 9, 2024). The auto sector also contributes significantly to the direct and indirect employment generation in the country, he said while speaking at…

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Bajaj Housing Finance ₹6,560-crore IPO fully booked hours after opening for subscription

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Bajaj Housing Finance ₹6,560-crore IPO fully booked hours after opening for subscription

Photo: Facebook/@Bajaj Housing Finance Limited The ₹6,560-crore initial public offer of Bajaj Housing Finance got fully subscribed within hours of opening for bidding on Monday (September 9, 2024) and ended the day with 2 times subscription. The initial share sale received bids for 1,46,58,24,030 shares against 72,75,75,756 shares on offer, reflecting 2.01 times subscription, as…

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Business

GIL to acquire Fraport AG’s 10% stake in DIAL for USD 126 mn

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GIL to acquire Fraport AG’s 10% stake in DIAL for USD 126 mn

GMR Group’s airport business arm GMR Airports Infrastructure Ltd (GIL) on Monday said it has entered into a share purchase agreement with Fraport AG Frankfurt Airport Services Worldwide for acquiring the latter’s 10 per cent holding in Delhi International Airport Ltd (DIAL) for USD 126 million. After completion of the deal, GIL’s stake in the…

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Business

Trends of strong FDI to accelerate in coming quarters: Experts

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Trends of strong FDI to accelerate in coming quarters: Experts

“With Foreign Direct Investments (FDI) growing 47.8% to $16.17 billion during April-June 2024, India is expected to see further acceleration in the inflow on account of a potential Fed rate cut, modest growth outlook in the U.S., and the country’s favourable economic outlook,” experts say. They also said that investment destinations have changed over the…

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Business

Suzlon bags 1,166 MW wind energy order from NTPC Green Energy

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Suzlon bags 1,166 MW wind energy order from NTPC Green Energy

Representational image only. File | Photo Credit: The Hindu Renewable energy solutions provider Suzlon on Monday (September 9, 2024) said it has bagged India’s largest wind energy order of 1,166 MW from NTPC Green Energy Limited. “Suzlon will install a total of 370 wind turbine generators (WTGs) of S144 equipped with a Hybrid Lattice Tubular…

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Business

Markets decline in early trade on weak global peers, foreign fund outflows

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Markets decline in early trade on weak global peers, foreign fund outflows

FILE PHOTO: People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 9, 2020. REUTERS/Francis Mascarenhas/File Photo | Photo Credit: FRANCIS MASCARENHAS Equity benchmark indices declined in early trade on Monday (September 9, 2024) in tandem with a weak trend in global markets and foreign fund outflows. The 30-share BSE Sensex dropped…

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Business

Rupee trades in narrow range against U.S. dollar in early trade

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Rupee trades in narrow range against U.S. dollar in early trade

Image used for representative purpose only. | Photo Credit: Reuters The rupee traded in a narrow range on Monday (September 9, 2024) and appreciated 1 paisa to 83.94 against the American currency, amid a muted trend in domestic equities. Forex traders said easing crude oil prices and overall weakness in the dollar index supported the…

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