The Indian rupee is likely to open weaker on Monday, tracking the decline in Asian equities and currencies fuelled by U.S. slowdown worries. The 1-month non-deliverable forward indicated that the rupee will open at 83.97-83.98 to the U.S. dollar compared with 83.9475 in the previous session. The rupee for a large part of last week … Read more
Indian shares are set to open flat on Monday as concerns over the health of the U.S. economy persist after a weaker-than-expected jobs data, while analysts expect profit-taking for local stocks that are trading near record highs. The GIFT Nifty was at 24,842.5 points as of 8:10 a.m. IST, indicating the NSE Nifty 50 will … Read more
India's equity market witnessed a sharp fall last week by breaking a three-week streak of consecutive weekly gains. Nifty was down by 1.52 per cent and Sensex by 1.43 per cent between September 2 and September 6. The benchmark indices fell this week led by weaker global cues. "One key factor could be weaker job … Read more
There is a huge scope of growth in logistics industry with over 300 initiatives and Rs 80 lakh crore being earmarked for the growth of this sector, Jayant Chaudhary, Minister of State (Independent Charge) for Skill Development and Entrepreneurship, said on Saturday. The minister said the government is also creating an enabling ecosystem for the … Read more
As India marches towards becoming the global semiconductor hub, industry experts on Saturday said the country could receive a massive up to $30 billion investment in the sector in the next three-five years which would further bolster its position in the supply chain worldwide. On Thursday, the Maharashtra government approved four major projects totalling an … Read more
The Indian startup ecosystem raised more than $348 million in funding this week, as the growth momentum for the industry continued for a second consecutive week. The Indian startups collectively secured $348 million across 19 deals this week, compared to $466 million raised by 16 startups in the previous week. The week was led by … Read more
The advanced chemistry cell (ACC) battery and associated components manufacturing sector in India is likely to attract a cumulative investment of $9 billion (Rs 7.5 lakh crore) in next 5 years, according to latest industry data. The ACC manufacturing industry has the potential to create 50,000 direct jobs during this period, according to the India … Read more
India's forex reserves increased by $2.299 billion to a new high of $683.98 billion for the week ended August 30, the Reserve Bank of India (RBI) data showed on Friday. For the week, foreign currency assets, a major component of the reserves, increased by $1.485 billion to $599.037 billion. In the week ended August 23, … Read more
The Indian technical textile industry exports are projected to cross $10 billion by 2030, Union Textiles Minister Giriraj Singh said on Friday, adding that the niche carbon fibre will likely be produced by India in 2025-26. The global trade of technical textiles is around $300 billion while India’s domestic market size stands at $25 billion … Read more
Rama Steel Tubes is currently trading at Rs. 16.25, up by 2.35 points or 16.91% from its previous closing of Rs. 13.90 on the BSE. The scrip opened at Rs. 14.71 and has touched a high and low of Rs. 16.50 and Rs. 14.47 respectively. So far 53127463 shares were traded on the counter. The … Read more