Asian stocks were mostly higher on Tuesday, supported by a strong Wall Street close and investor optimism about corporate earnings, while the dollar held near a two-month top, aided by bets on a smaller U.S. rate cut next month. Oil prices are down about 3% after Israeli Prime Minister Benjamin Netanyahu reportedly told the United … Read more
Indian shares are likely to open higher on Tuesday, tracking a climb in Asian peers, as traders gauged a record overnight finish on Wall Street and a slump in crude oil prices. The Gift Nifty was trading at 25,236, as of 7:44 a.m. IST, indicating that the benchmark Nifty 50 will open above Monday's close … Read more
Union Minister for Road Transport and Highways, Nitin Gadkari on Monday said that the research on blending 15 per cent ethanol in diesel is in advanced stages, and the Centre is exploring the prospects around how to prioritise it based on sound evidence. Addressing the 12th ‘CII Bioenergy Summit 2024’ in the national capital, the … Read more
The Ministry of Skill Development and Entrepreneurship (MSDE) on Monday announced its partnership with social media giant Meta to integrate artificial intelligence (AI), virtual reality (VR) and mixed reality (MR) into the Skill India ecosystem. As per the partnership, an AI Assistant will be launched for the Skill India Mission; and five Centers of Excellence … Read more
The Indian pharma market grew 5.1 per cent (year-on-year) in September, led by cardiac, dermal and anti-diabetic therapies, a report showed on Monday. For the 12 months ending in September, the industry grew 7.7 per cent YoY, led by price growth and new launches. However, volume growth was moderate at 0.8 per cent (on-year) last … Read more
The Indian benchmark indices closed in green on Monday with a strong start for the week, as buying was seen in realty, banking, and IT stocks. The BSE Sensex closed at 81,973.05, rising 591.69 points or 0.73 per cent. NSE Nifty closed at 25,127.95 after rising 163.70 points or 0.66 per cent. The Nifty Midcap … Read more
Pluckk, a first-of-its-kind digital lifestyle-oriented fresh food brand in the Fruits and Vegetables (F&V) space, has announced its strategic partnership with Spencer’s Retail. This collaboration will see Spencer’s Retail exclusively offering Pluckk's premium produce across its Fresh Section in stores across Lucknow, Varanasi and Gorakhpur. Pluckk's offerings include ozone-washed fruits and vegetables sourced directly from … Read more
As India aspires to achieve its climate action goals by transitioning towards a green future, companies are also aligning with the government’s vision to build sustainable solutions and products, industry experts said on Monday. From green data centres to electronics and non-fossil energy solutions, the government has doubled down on meeting its net-zero carbon emission … Read more
Cement demand in India is likely to grow at a moderate pace of 7-8 per cent (year-on-year) to 475 million tonnes (MTs) this fiscal, after clocking a compound annual growth rate of 11 per cent between fiscals 2022 and 2024, according to a report on Monday. Healthy monsoon, improved labour availability after the festive season, … Read more
India's wholesale price inflation stood at 1.84 per cent in the month of September, primarily due to increase in prices of food articles and some manufacturing areas, the government said on Monday. In August, the wholesale inflation came at 1.31 per cent and 2.04 per cent in July. The month-over-month change in WPI index for … Read more