Indian rupee was trading flat against the US dollar on Tuesday, tracking firm American currency against its major peers overseas and after US President-elect Donald Trump pledged tariffs on all imports from Canada and Mexico, and additional tariffs on China. Meanwhile, rupee positively influenced by the MSCI equity index rebalancing and increased foreign investor activity. … Read more
India’s employment in the formal sector, which offers better quality jobs, has kept up its growth momentum during the first half of the current financial year with an increase in new additions across the three social security schemes compared to the same period last year, according to official figures. New enrolments to the Employees’ Provident … Read more
The 43rd edition of the India International Trade Fair (IITF) in the national capital this year succeeded in attracting more than one million visitors and generating a good amount of business for participants, said Premjit Lal, Executive Director of India Trade Promotion Organisation (ITPO). The fair at Bharat Mandapam concluded on Wednesday. Various awards were … Read more
Independent telecom tower companies in India are likely to spend Rs 21,000 crore over fiscals 2025 and 2026 to support the telecom companies in expanding rural networks and improving service quality in urban areas, a report showed on Tuesday. The push for better coverage and connectivity, along with rollout of 5G, had driven a Rs … Read more
The manufacturing sector is driving up warehouse transactions across eight key Indian markets which has shot up by 20 per cent to 14.65 million square feet (mn sq ft) in Q3 2024 (July – September) compared to the same period last year. Notably, 41 per cent of these transactions involved Grade A spaces, according to … Read more
5G subscriptions in India are projected to reach around 970 million by the end of 2030, accounting for 74 per cent of mobile subscriptions, according to a report on Tuesday. The 5G subscription are projected to reach over 270 million by the end of this year, accounting for 23 per cent of the total mobile … Read more
The Indian stock market ended flat on Tuesday as selling was seen in the auto sector. Sensex closed at 80,004.0 after falling 105.79 points, or 0.13 per cent, and the Nifty closed at 24,194.50 after falling 27.40 points, or 0.11 per cent. Nifty Bank fell 16 points or 0.03 per cent to 52,191.50. Marginal … Read more
The FIIs as per Tuesday's data were net buyers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 85095.71 crore against gross selling of Rs 75479.92 crore. Thus, FIIs stood as net buyers of Rs 9615.79 crore in equities. In the debt … Read more
India's JSW Steel and state-run Steel Authority of India (SAIL) are in talks with Mongolian authorities to import two shipments of coking coal, two sources with direct knowledge of the matter said. JSW Steel, the country's biggest steelmaker by capacity, plans to buy 2,500 metric tons, while SAIL aims to import 75,000 metric tons of … Read more
Gold prices flitted within a narrow range on Wednesday as investors awaited key U.S. inflation data for insights into the potential scale of a Federal Reserve rate cut next month. Spot gold was steady at $2,635.56 per ounce, as of 0222 GMT, moving largely within a slim $9 range during the session. Bullion hit over … Read more