Indian rupee strengthened against the US dollar on Monday supported by weakening of the American currency in the overseas market and significant foreign fund inflows. Market participants are eagerly awaiting cues from the US Fed policy on September 18, with a rate cut all but certain. Foreign Portfolio Investors (FPIs) continued their bullish stance on … Read more
India saw a healthy 8 per cent increase in overall rainfall above the long-term average (till September 13) as average retail prices of vegetables and milk cooled down, a report showed on Monday. Cumulative weekly rainfall was 14 per cent above the long-term average (as of September 11). With overall sowing nearly completed, the focus … Read more
Jindal Steel and Power Ltd and Jindal Renewables on Monday announced a collaboration to implement India’s biggest investment in green hydrogen by a domestic steelmaker. The companies signed an MoU towards decarbonisation and green energy leadership in the country’s steel industry. It outlines Jindal Steel’s plan to integrate green hydrogen into its direct reduced iron … Read more
In the first 100 days of Prime Minister Narendra Modi's new term, the government has given further relief to the middle class on the tax savings and pension fronts. The government has raised the income tax exemption limit to Rs 7 lakh. The standard deduction for salaried individuals has been increased to Rs 75,000, and … Read more
Indian equity indices opened with gains on Monday, tracking American markets as investors expect a rate cut by the US Fed that further boosts market sentiment. At 9:44 a.m., Sensex was up 258 points or 0.31 per cent at 83,149 and Nifty was up 81 points or 0.32 per cent at 25,437. In an … Read more
Thermax is currently trading at Rs. 4906.30, up by 179.05 points or 3.79% from its previous closing of Rs. 4727.25 on the BSE. The scrip opened at Rs. 4820.90 and has touched a high and low of Rs. 4920.00 and Rs. 4760.00 respectively. So far 2835 shares were traded on the counter. The BSE group … Read more
The labour ministry in latest payroll date has said Employees’ State Insurance Corporation (ESIC) recorded a 13.32 per cent increase in subscribers addition to 22.53 lakh in July, 2024 compared to the figure of a year ago. The latest payroll date showed that 19.88 lakh new subscribers were added in July 2023. According to it, … Read more
The number of operational airports in the country has doubled from 74 in 2014 to 157 in 2024 and the aim is to increase this figure to 350-400 by 2047, the Ministry of Civil Aviation said on Sunday. The domestic air passengers have more than doubled in the past decade, with Indian airlines significantly expanding … Read more
The government on Sunday announced to launch a ground-breaking digital platform aimed at strengthening the startup ecosystem in the country. The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, is set to launch the ‘Bharat Startup Knowledge Access Registry’ (BHASKAR) initiative, under the Startup India programme. It is a … Read more
After sluggish sales in the first five months of this fiscal, automobiles and consumer electronics companies saw some surge in demand due to discounts and promotional offers during the ongoing Ganesh Chaturthi and Onam festivals, multiple reports said. "In view of festivals like Onam, Navratri, Diwali, and Dussehra, electronics, automobile and smartphone companies are offering … Read more