The Indian rupee declined on Tuesday, tracking weak Asian peers, but the central bank's repeated intervention at current levels in the recent past meant that the losses were fairly limited. The rupee was at 83.9475 to the U.S. dollar at 11:02 a.m. IST, down from 83.9175 in the previous session. Asian peers were down 0.1% … Read more
Russia's trade with India is booming and bilateral payments are proceeding smoothly without the glitches that have been hampering trade with other countries, Anatoly Popov, deputy CEO of Russia's largest lender, Sberbank, told Reuters. Sberbank handles payments for up to 70% of all Russian exports to India. Russia's trade with India nearly doubled to $65 … Read more
Indian rupee weakened against the US dollar on Tuesday tracking firm American currency at overseas markets. Sentiments continue to remain dampened after data showed that the HSBC India Manufacturing PMI declining slightly to 57.5 in August and India's economic growth falling to a 15-month low of 6.7% for April-June quarter of 2024. Investors are now … Read more
The Union Cabinet has approved seven big-ticket programmes for the holistic growth of agriculture and allied sectors with a total outlay of nearly Rs 14,000 crore, as it aims to improve farmers' income. The focus of these programmes would be on research & education, climate resilience, natural resource management and digitisation in the agriculture sector … Read more
Union Minister Nitin Gadkari has said that state finance ministers should consider reducing Goods and Services Tax (GST) on flex-fuel vehicles to 12 per cent in the GST Council meeting. He said there is a need to reduce imports of fossil fuels and encourage the use of biofuel. Flex-fuel-compatible cars can run on more than … Read more
The eShram portal, launched by the government to support unorganised workers across the country, has crossed 30 crore registrations in just three years of its launch. The integration of social security schemes on eShram will help in saturation of schemes and access of schemes to eligible eShram workers. According to the Union Budget 2024-25, a … Read more
Hindustan Aeronautics is currently trading at Rs. 4822.00, up by 135.90 points or 2.90% from its previous closing of Rs. 4686.10 on the BSE. The scrip opened at Rs. 4925.00 and has touched a high and low of Rs. 4925.00 and Rs. 4801.20 respectively. So far 61460 shares were traded on the counter. The BSE … Read more
Crompton Greaves Consumer Electricals is currently trading at Rs. 475.70, up by 10.55 points or 2.27% from its previous closing of Rs. 465.15 on the BSE. The scrip opened at Rs. 466.50 and has touched a high and low of Rs. 476.70 and Rs. 465.85 respectively. So far 23530 shares were traded on the counter. … Read more
Better monsoon this year has helped paddy sowing surpass the average area of the last five years. The paddy cultivation reached 408.72 lakh hectares (as of September 2), exceeding the average of 401.55 lakh hectares. This represents a 3.84 per cent increase in paddy cultivation compared to last year, when 393.57 lakh hectares were sown … Read more
The ethanol blending percentage has surged from 1.53 per cent to 15 per cent in the last 10 years, Union Petroleum Minister Hardeep Singh Puri said on Monday, emphasising that bioenergy is increasingly becoming a crucial alternative to fossil fuels, offering both environmental benefits and economic opportunities, particularly in rural areas. Encouraged by this progress, … Read more