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Employees Providend Fund Organisation building at Bandra. File | Photo Credit: Supreet Sapkal Retirement fund body EPFO has registered 13.41 lakh net new members addition in October 2024, according to showed latest payroll data. This signifies increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives, a labour ministry statement…
Passenger vehicle wholesales in India rose to a record high in October as companies pushed dispatches to dealers to cater to the enhanced demand in the festive season. The overall passenger vehicle wholesales in October rose to 3,91,472 units, up 16 per cent from 3,36,679 units in the same month last year. Last month witnessed…
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Consumption of diesel, the most consumed fuel in the country — accounting for about two-fifths of the demand, fell to 5.81 million tonnes in September from 5.99 million tonnes demand in the same period a year ago. | Photo Credit: ANI Diesel sales in India fell 3% in September as a receding monsoon continued to…
At the interbank foreign exchange, the domestic unit opened at 82.58, then touched the lowest level of 82.62. File | Photo Credit: Special Arrangement The rupee appreciated by 2 paise to 82.61 against the US dollar in early trade on Tuesday amid a weak American currency against major rivals overseas and positive domestic equity markets. Retreating…
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Indian Rupee notes are seen in this picture illustration taken in Mumbai June 12, 2013. File. (For Representational purpose only) | Photo Credit: Reuters The rupee depreciated by 8 paise to 82.74 against the US dollar in early trade on Friday, tracking a firm dollar against major rivals overseas. Analysts said, weak sentiment in the…
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“With this investment, Mahindra’s EV subsidiary’s valuation goes up by 15% from up to ₹70,070 crores to up to ₹80,580 crores. The breadth of global experience of these marquee investors will be valuable for MEAL,” M&M said in a statement. | Photo Credit: Special arrangement Mahindra & Mahindra Ltd. and global investment firm Temasek have…
Read More “Temasek to invest ₹1,200 crore in Mahindra’s passenger EV company MEAL” »
With the Indian Meteorological Department signalling that parts of Uttar Pradesh, Bihar, Assam, Punjab, Karnataka and Tamil Nadu may see less than normal rainfall this month, sowing of paddy and pulses could be further affected. These effects were already exacerbating food inflation, reckoned analysts at brokerage Motilal Oswal. File | Photo Credit: Reuters Despite a wetter…
Read More “Monsoon’s uneven march could fuel food inflation: Analysts ” »
Mining major NMDC has increased iron prices (per tonne) by ₹1,050 for lump ore and by ₹650 for the same quantity of fines. The price per tonne has been fixed at ₹4,950 for lump ore and ₹4,210 for fines with effect from July 18, the company said on Tuesday. The prices are inclusive of royalty, DMF,…
Adani Group Chairman Gautam Adani addresses during the Annual General Meeting (AGM) of his group companies, on Tuesday, July 18, 2023. | Photo Credit: PTI Gautam Adani on Tuesday said that the U.S.-based short seller Hindenburg Research’s report on the group was a deliberate, malicious attempt at damaging the group’s reputation and generate profit by…
Read More “Hindenburg report was an attempt to tarnish the group’s image: Gautam Adani” »
Photo used for illustration purpose only. | Photo Credit: K.R. Deepak With merchandise exports shrinking 15.1% in the first quarter of this year, after racking up a record $450 billion in 2022-23, the government is playing it safe on announcing a clear target for outbound shipments this year and is likely to opt for a…
Read More “As exports shrink amid global uncertainty, no clear target for 2023-24” »