Indian rupee weakened against the US dollar on Wednesday amidst muted domestic equity markets and as investors are awaited US Personal Consumption Expenditure (PCE) inflation for clues on the future path of Federal Reserve policy rates. However, a decline in the dollar index and foreign fund inflows have limited further losses in the domestic currency. … Read more
National Bank for Agriculture and Rural Development (NABARD) Chairman Shaji K V has said that cooperative banks are expected to be digitised by March 2025 with a view to streamline operations and enhance the efficiency of these financial institutions. The Reserve Bank of India (RBI) has mandated all cooperative banks to adopt the Core Banking … Read more
The Centre has approved an outlay of Rs 1,000 crore for various disaster mitigation and capacity-building projects to tackle natural calamities in 15 states, according to an official statement. A sum of Rs 139 crore each was approved for Uttarakhand and Himachal Pradesh, Rs 100 crore for Maharashtra, Rs 72 crore each for Karnataka and … Read more
The Indian healthcare sector is growing rapidly and is projected to reach $638 billion by 2025, according to a report. Valued at $110 billion in 2016, the Indian healthcare market reached $372 billion in 2023, marking a 22.5 per cent CAGR growth during this period, revealed the report by Bajaj Finserv AMC. Overall, the sector … Read more
OLA Electric Mobility is currently trading at Rs. 83.32, up by 9.85 points or 13.41% from its previous closing of Rs. 73.47 on the BSE. The scrip opened at Rs. 77.71 and has touched a high and low of Rs. 84.60 and Rs. 75.20 respectively. So far 15255022 shares were traded on the counter. The … Read more
The Ministry of Coal announced on Wednesday that it has successfully auctioned 9 mines as part of the 10th round of commercial coal mine auctions. These mines are expected to generate an annual revenue of around Rs 1,446 crore (excluding partially explored mines), likely to attract a capital investment of around Rs 2,115 crore, and … Read more
In its commitment to provide impetus to made-in-India homegrown beauty and personal care brands Myntra recently hosted the first edition of one-of-its-kind ‘Myntra Rising Stars (MRS) Beauty Summit’. The last few years have witnessed the transformative journey of the beauty industry in the country with the emergence of hundreds of homegrown brands catering to the … Read more
The FIIs as per Wednesday'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 13851.83 crore against gross selling of Rs 10037.30 crore. Thus, FIIs stood as net buyers of Rs 3814.53 crore in equities. In the debt … Read more
The production-linked incentive (PLI) scheme for telecom and networking products has seen 42 applicant companies (including 28 MSMEs) with a cumulative investment of Rs 3,925 crore and exports reaching Rs 12,384 crore (till September 30), the government informed the Parliament on Wednesday. This PLI scheme was launched in June 2021 with a total financial outlay … Read more
Emerging technologies like Generative AI (GenAI) and quantum computing are set to create more than 10 lakh jobs in India by 2030, according to a report on Wednesday. Global capability centres (GCCs) emerged as the powerhouse of tech hiring India during the July-September period (Q2 FY25), driven by a robust demand for skills in roles … Read more