Indian shares are set to open at fresh highs on Friday, riding the coattails of the outsized U.S. rate cut last week, with IT stocks on the radar after U.S. peer Accenture's better-than-expected quarterly profit. The GIFT Nifty was at 26,342.50 points as of 8.07 a.m. IST, suggesting that the NSE Nifty 50 will open … Read more
The share of engineering goods in India's total merchandise exports increased to 27.20 per cent in August, from 26.60 per cent in July, a report showed on Thursday. The cumulative share stood at 25.97 per cent during the April-August period. According to the Engineering Export Promotion Council (EEPC), the growth was due to a … Read more
The Ministry of Labour and Employment on Thursday signed a Memorandum of Understanding (MoU) with e-commerce giant Amazon in a significant step toward enhancing employment accessibility in India. The MoU, initially set for a period of two years, makes a joint commitment to leverage the National Career Service (NCS) portal for boosting job opportunities in … Read more
India is on the cusp of revolutionising telecommunications with 6G technology, Union Communications Minister Jyotiraditya M. Scindia said on Thursday. In his remarks at a high-level interaction in Bengaluru, where the Bharat 6G Alliance (B6GA) presented a series of in-depth action plans for 6G technology development. Scindia emphasised the government’s unwavering commitment to fostering the … Read more
Prime Minister Narendra Modi on Thursday met the leadership team of Tata Sons and Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC), which are building a Rs 91,000 crore mega semiconductor fabrication facility in Gujarat's Dholera. In a post on X, PM Modi said he had "a great meeting with the leadership team of Tata Sons and … Read more
Rail Vikas Nigam is currently trading at Rs. 525.70, up by 4.05 points or 0.78% from its previous closing of Rs. 521.65 on the BSE. The scrip opened at Rs. 522.05 and has touched a high and low of Rs. 528.45 and Rs. 522.05 respectively. So far 30752 shares were traded on the counter. The … Read more
CareEdge Ratings has said that Net Non-Performing Assets (NNPAs) of scheduled commercial banks (SCB) saw a sharp decline, reducing by 24.9 per cent y-o-y to Rs 1 lakh crore as of June 30, 2024 (Q1FY25). The gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) fell by 15.2 per cent year-on-year (y-o-y) to Rs 4.57 … Read more
Ahasolar Technologies is currently trading at Rs. 337.00, up by 2.00 points or 0.60% from its previous closing of Rs. 335.00 on the BSE. The scrip opened at Rs. 335.00 and has touched a high and low of Rs. 344.20 and Rs. 335.00 respectively. So far 2400 shares were traded on the counter. The BSE … Read more
The Jindal India Institute (JII) of O.P. Jindal Global University (JGU) hosted 31 foreign diplomats, foreign correspondents and defence attaches from 20 embassies, high commissions, international organisations and new agencies at the third edition of its one-day certificate course on 'Understanding India's Foreign and Security Policy' in New Delhi. The countries and institutions represented in … Read more
Indian rupee weakened against the US dollar on Friday as investors are awaiting US personal consumption expenditure (PCE) inflation data, due later in the day for further cues on the path of policy rates. Moreover, a firmer American currency and increased month-end dollar demand from importers, also weighed on rupee sentiments. However, softening crude oil … Read more