Adani Ports and Special Economic Zone is currently trading at Rs. 1408.50, up by 0.90 points or 0.06% from its previous closing of Rs. 1407.60 on the BSE. The scrip opened at Rs. 1410.50 and has touched a high and low of Rs. 1426.00 and Rs. 1407.60 respectively. So far 21417 shares were traded on … Read more
Indian rupee strengthened against US dollar on Monday, after the currency touched an all-time low in the previous session due to sustained outflows from local equities. Foreign institutional investors were net sellers in the capital markets as they offloaded shares worth Rs 4,162.66 crore on Friday, exchange data showed. Firm domestic equities supported the local … Read more
India saw 25 deals worth $1.3 billion in the real estate sector in the July-September period (Q3), maintaining strong deal volumes and marking an all-time high in deal numbers and second-highest values since Q2 2023, a report showed on Monday. Deal values were primarily driven by the qualified institutional placement (QIP) activity, private equity funding … Read more
More than 1.55 lakh candidates have signed up for the newly launched PM Internship Scheme in just 24 hours, according to reports citing government sources. The registration process for the Scheme began on Saturday, with nearly 80,000 internship opportunities across 24 sectors available on the portal. Aimed at benefiting around 10 million young people over … Read more
Commerce and Industry Minister Piyush Goyal has said that the European Union's (EU) deforestation regulation and carbon tax are unfair and would impact Indian industries. He said the EU's safeguard measures on some steel products are irrational too. He noted that Indian industries are confronted with unfair rules of deforestation, rules around CBAM (Carbon Border … Read more
Led by solar and wind energy, India has crossed the 200 gigawatt (GW)-mark in renewable energy (RE) production in the month of September. As per latest data from the Central Electricity Authority (CEA), the renewable energy-based electricity generation capacity (including small and large hydro, biomass and co-generation and waste-to-energy) crossed the 200 GW-mark in September. … Read more
India’s industrial production, measured in terms of the Index of Industrial Production (IIP), turned negative as it contracted by 0.1 per cent in August 2024, after a gap of nearly two years, mainly due to a decline in the mining and power generation sectors’ output, in addition to an almost flat expansion in the manufacturing … Read more
Gold prices eased on Monday, weighed down by a firmer U.S. dollar, while investors looked out for fresh clues on Federal Reserve interest rate cuts. Spot gold fell 0.2% to $2,651.99 per ounce by 0252 GMT after rising 1% in the previous session. U.S. gold futures lost 0.3% to $2,669.20. The dollar index rose 0.1% … Read more
India’s bioeconomy grew more than $150 billion in 2023 and is expected to reach $300 billion by 2030, the government said on Sunday. Inaugurating India’s first demonstration facility for biopolymers in Pune, Union Minister Jitendra Singh said this is a pioneering effort in developing indigenously integrated technology for the production of Polylactic Acid (PLA) bioplastic. … Read more
The Indian rupee, which dropped below 84 against the dollar for the first time ever, is likely to stay under pressure this week, with traders watching the extent of decline the central bank may allow, while bond yields will take cues from U.S. peers. The rupee fell to its all-time low of 84.07 on Friday, … Read more