The limit of Mudra loans under the Pradhan Mantri Mudra Yojana (PMMY) has been enhanced from the current Rs 10 lakh to Rs 20 lakh in keeping with the announcement by Finance Minister Nirmala Sitharaman in the Union Budget 2024-25, a statement said on Friday. A new ‘Tarun Plus’ category has been created under … Read more
Global shares edged higher in choppy trading on Thursday, snapping three straight sessions of losses, while U.S. Treasury yields and strong corporate results allayed worries over upcoming U.S. elections and interest rate cuts. Tesla soared nearly 22% after CEO Elon Musk provided on Wednesday a forecast for robust car sales growth next year that reassured … Read more
Through the use of technology, India has taken a great leap forward not only in terms of bridging the digital divide but also ensuring gender inclusion, the government has stressed. As the International Telecommunications Union-World Telecommunication Standardization Assembly (ITU-WTSA 2024) concluded in the national capital, Union Minister of Communications Jyotiraditya Scindia said the country has … Read more
In the AI era, data centres are going to be a powerhouse for the tech ecosystem and India's data centres capacity will increase to 5,000 megawatts in the next seven or eight years, Yotta Data Services co-founder-CEO and MD Sunil Gupta said on Thursday. Speaking with IANS, Gupta said that India has grown from … Read more
The Institute of Advanced Study in Science and Technology (IASST), Guwahati, an autonomous institution of the Department of Science and Technology (DST), on Thursday signed a key research and development collaboration and product development agreement with Bharat Biotech International (BBIL). The partnership aims to bring innovative health products developed from probiotics isolated from traditional fermented … Read more
The Indian rupee will be caught between a softer dollar on one side and outflows on the other on the last day of a week in which the local currency has held a 3 paisa range – its narrowest this year – and dropped to a lifetime low. The 1-month non-deliverable forward indicated that the … Read more
The dollar was on the defensive on Friday following its biggest drop in a month against major peers, as it tracked a retreat in U.S. yields from nearly three-month highs after depressed Treasury prices drew buyers. Asian stocks were mixed, with some markets tracking Wall Street gains from overnight, while Japan's Nikkei struggled after the … Read more
The yen languished near a three-month trough on Friday and was headed for a fourth straight weekly loss, ahead of an election in Japan over the weekend that is likely to complicate the Bank of Japan's (BOJ) policy normalisation plans. In the broader market, the dollar retreated from its recent highs as it tracked U.S. … Read more
Gold prices eased on Friday but was on track for a weekly gain, as investors sought the safe-haven metal amid rising geopolitical tensions, while palladium was poised for its strongest week in more than a month. Spot gold slipped 0.2% at $2,730.09 per ounce, as of 01:55 GMT. Prices hit a record high of $2,758.37 … Read more
Indian shares are likely to open slightly higher on Friday after a four-day slide on lacklustre earnings and persistent foreign outflows, while private lender IndusInd Bank and consumer major ITC will be in focus following disappointing quarterly results. The Gift Nifty was trading at 24,443, as of 07:37 a.m. IST, indicating that the benchmark Nifty … Read more