Afcons Infrastructure is currently trading at Rs. 530.05, up by 3.85 points or 0.73% from its previous closing of Rs. 526.20 on the BSE. The scrip opened at Rs. 530.00 and has touched a high and low of Rs. 539.80 and Rs. 526.60 respectively. So far 69136 shares were traded on the counter. The BSE … Read more
Gold prices edged higher on Friday but headed for a second straight week of decline, while market participants braced for the U.S. payrolls data that is expected to provide cues on the interest rate cut trajectory. Spot gold rose 0.3% to $2,638.66 per ounce by 0346 GMT after hitting its lowest since Nov. 26 earlier … Read more
Lemon Tree Hotels is currently trading at Rs. 135.60, up by 0.50 points or 0.37% from its previous closing of Rs. 135.10 on the BSE. The scrip opened at Rs. 136.30 and has touched a high and low of Rs. 136.50 and Rs. 135.15 respectively. So far 37439 shares were traded on the counter. The … Read more
The food processing sector in India received foreign direct investment (FDI) worth $368.37 million this fiscal (till September), the Parliament was informed. Country-wise, Ireland invested $83.84 million, Singapore $48.45 million, Mauritius $41.65 million and the United States, $38.60 million, informed Minister of State for Food Processing Industries, Ravneet Singh Bittu, in a written reply to … Read more
The Reserve Bank of India (RBI) has decided to cut banks' cash reserve ratio by 50 basis points to 4%, Governor Shaktikanta Das said in his monetary policy address on Friday. The cash reserve ratio, or CRR, is the proportion of deposits that banks need to set aside as cash. The cut will be in … Read more
The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday but cut the cash reserve ratio (CRR) that banks are required to hold, effectively easing monetary conditions as economic growth slows. The Monetary Policy Committee (MPC) kept the repo rate unchanged at 6.50% for an eleventh straight policy meeting. The CRR … Read more
The Reserve Bank of India (RBI) on Friday slashed the cash reserve ratio (CRR) for banks by 0.5 per cent to make more funds available for lending to spur economic growth, but kept the key policy repo rate unchanged at 6.5 per cent with an eye on inflation. The CRR has been reduced from 4.5 … Read more
Indian rupee strengthened against the US dollar on Friday after Reserve Bank of India slashed the cash reserve ratio by 50 basis points to 4%, which has offset the RBI Monetary Policy Committee’s decision to keep the repo rate unchanged at 6.5%. Moreover, fresh foreign fund inflows also supported rupee sentiments. Foreign Institutional Investors were … Read more
Union Minister of Commerce & Industry, Piyush Goyal has said that MSMEs are integral to large businesses and industrial growth, adding that the Government is willing to earmark areas to MSMEs in the 20 townships being built across the nation. Further noting that MSMEs are pivotal to supporting large industries in their ecosystem, the Minister … Read more
The production-linked incentive (PLI) for the food processing industry has generated employment of more than 2.89 lakh (as of October 31), the government said on Friday. According to data reported by the scheme's beneficiaries, an investment of Rs 8,910 crore has been made across 213 locations in the country, the Ministry of Food Processing Industries … Read more