The Ministry of Defence on Thursday placed a Rs 13,500 crore order to buy 12 Su-30MKI fighter jets with Hindustan Aeronautics Limited (HAL) in a major boost to the Aatmanirbhar Bharat initiative of the government. “The aircraft would have an indigenous content of 62.6 per cent, enhanced due to indigenisation of many components to be … Read more
As many as 2.21 crore women-owned MSMEs have registered on Udyam Registration Portal (URP) and Udyam Assist Platform (UAP) between July 1, 2020 and November 30, 2024 in the country, the Lok Sabha was informed on Thursday. Union Minister of State for Micro, Small and Medium Enterprises Shobha Karandlaje said in a written reply that … Read more
In a major step to decarbonise the steel sector in alignment with net-zero emission intensity target by 2070, Union Minister of Steel and Heavy Industries H.D. Kumaraswamy unveiled the Taxonomy of Green Steel for India at an event held in Vigyan Bhavan here on Thursday. The taxonomy, which fixes the norms for green steel, marks … Read more
Oil prices inched lower on Friday as investors focused on a forecast of ample supply and shrugged off expectations of higher demand next year from Chinese stimulus measures, while eyeing another Federal Reserve interest rate cut next week. Brent crude futures edged down 8 cents to $73.33 a barrel by 0125 GMT while U.S. West … Read more
The dollar rose to a 2 1/2-week high against major peers on Friday, on track for its best week in a month, amid bets that the Federal Reserve would cut interest rates next week but then take a patient approach to further reductions. The U.S. currency was also supported against the euro and Swiss franc … Read more
The Indian rupee will have to contend with the higher run in the U.S. dollar and yields at the open on Friday, which may push the local currency to a new all-time low. The one-month non-deliverable forward indicated that the rupee will open at 84.87-84.88 to the dollar, compared with 84.8575 in the previous session … Read more
Asia shares fell on Friday as a strong dollar kept risk sentiment fragile, while longer-dated Treasury yields are heading for their biggest weekly rise this year as expectations for deep U.S. rate cuts in 2025 recede. A top level meeting in Beijing pledged to increase debt and boost consumption but failed to boost Chinese equity … Read more
Indian shares are anticipated to open with minimal changes on Friday, with analysts expecting the benchmarks to maintain their consolidation near present levels. The Gift Nifty futures were trading at 24,546, as of 8:19 a.m. IST, indicating that the benchmark Nifty 50 will open near Thursday's close of 24,548.7. The benchmark Nifty 50 has traded … Read more
India's Index of Industrial Production (IIP) recorded a year-on-year growth of 3.5 per cent in October, up from 3.1 per cent in September this year, according to the data released by the Ministry of Statistics on Thursday. The industrial growth rate of the manufacturing sector, which accounts for more than three-fourths of the index of … Read more
Mobile network coverage in rural India has reached nearly 97 per cent and out of 6,44,131 villages, around 6,22,840 villages have mobile coverage and out of these, 6,14,564 villages are covered with 4G mobile connectivity, the Parliament was informed on Thursday. Under the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM JANMAN) of Ministry of … Read more