The Agricultural and Processed Food Products Export Development Authority (APEDA) under the Ministry of Commerce and Industry on Thursday announced partnership with global retail chain LuLu Group International (LLC). As part of the Memorandum of Understanding (MoU) signed LuLu Group will showcase a wide range of certified Indian organic products in its stores across … Read more
Union Commerce and Industry Minister Piyush Goyal on Friday reaffirmed the government’s commitment to drive economic growth through robust partnerships with state governments. Chairing the third meeting of the reconstituted Board of Trade here, the minister emphasised that government initiatives are instrumental in guiding India towards a more transparent, efficient, and sustainable trade environment, benefiting … Read more
India's foreign exchange reserves extended their winning run for a fourth straight week to hit a record high of $689.24 billion as of Sept. 6, data from the central bank showed on Friday. The reserves rose by $5.3 billion in the reporting week, after having risen by a total of $13.9 billion in the prior … Read more
The Indian government had no outstanding loans with the central bank under ways and means advances in the week ended Sept. 6, according to the Reserve Bank of India's weekly statistical supplement released on Friday. The central government had no outstanding loans in the week earlier as well. State governments had 354.26 billion rupees loans … Read more
Indian shares ended flat on Friday, after hitting all-time highs in the previous session, and logged their best week since the end of June ahead of a likely rate cut by the Federal Reserve. The Nifty 50 closed 0.13% lower at 25,356.5, while the Sensex shed 0.09% to 82,890.94. Both the indexes rose about 2% … Read more
The FIIs as per Friday's data were net buyers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 23738.68 crore against gross selling of Rs 15766.98 crore. Thus, FIIs stood as net buyers of Rs 7971.70 crore in equities. In the debt … Read more
Aurum Proptech is currently trading at Rs. 227.00, up by 2.00 points or 0.89% from its previous closing of Rs. 225.00 on the BSE. The scrip opened at Rs. 229.00 and has touched a high and low of Rs. 229.00 and Rs. 221.50 respectively. So far 676 shares were traded on the counter. The BSE … Read more
With an aim to simplify rules and regulations for foreign investments, the Department of Economic Affairs (DEA), Ministry of Finance, has notified the Foreign Exchange (Compounding Proceedings) Rules, 2024 under powers given under section 46 read with section 15 of the Foreign Exchange Management Act (FEMA), 1999. The amended Rules will supersede the existing Foreign … Read more
Power Grid Corporation Of India is currently trading at Rs. 340.15, up by 2.35 points or 0.70% from its previous closing of Rs. 337.80 on the BSE. The scrip opened at Rs. 339.00 and has touched a high and low of Rs. 341.15 and Rs. 337.70 respectively. So far 82930 shares were traded on the … Read more
indian rupee strengthened against the US dollar on Friday, after India’s retail inflation eased to 3.65% year-on-year in August, which below the Central Bank’s target of 4% for the second consecutive month and it indicating that price pressures are under control. Moreover, expectation of long-awaited interest rate cuts next week, weak American currency at overseas … Read more