The Union Ministry of Power has drawn up plans to invest Rs 9.12 lakh crore to expand power transmission infrastructure in the country by 2031-32, Minister of State for Power Shripad Yesso Naik has informed the Rajya Sabha. According to the National Electricity Plan (Transmission), 1.91 lakh kilometres (km) of transmission lines and 1274 … Read more
The Reserve Bank of India (RBI) is set to hold interest rates on Dec. 6 as a sharp rise in consumer inflation has led several economists in a Reuters poll to push back their forecasts for the first cut in the cycle by a couple of months to February. Annual retail inflation surged past the … Read more
Oil prices edged lower in Asian trading on Thursday, after a surprise jump in U.S. gasoline stocks ahead of the nation's Thanksgiving holiday sparked worry over demand in the top consumer of the motor fuel. Brent crude futures fell by 4 cents, or 0.1%, to $72.79 per barrel by 0220 GMT, while U.S. West Texas … Read more
Asian shares were subdued on Thursday and the dollar was on the defensive after U.S. data showed progress in slowing inflation had stalled even as the economy remained resilient, raising doubt over the path the Federal Reserve could take next year. With the U.S. Thanksgiving holiday likely to keep trading thin for the rest of … Read more
The euro clung to its sharpest rise in four months on Thursday following hawkish remarks from a central bank policymaker, while the yen powered toward its strongest week in three months on growing bets Japan could hike interest rates in December. The moves stalled the dollar's resurgence ahead of what is likely to be thin … Read more
The Indian stock market opened flat on Thursday as buying was seen in the realty sector in early trade. At around 09:39 am, the Sensex was trading at 80,194.06 after falling 40.02 points or 0.05 per cent, while the Nifty was trading at 24,277.25 after rising 2.35 points or 0.01 per cent. The market trend … Read more
The Centre is working on converging the Employees’ State Insurance Corporation (ESIC) with Ayushman Bharat- Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), a move that will extend medical care benefits under the flagship programme to 14.43 Crore ESI beneficiaries, the Ministry of Labour and Employment said on Thursday. The ministry informed that ESIC is working at … Read more
Easy Trip Planners is currently trading at Rs. 33.29, up by 1.16 points or 3.61% from its previous closing of Rs. 32.13 on the BSE. The scrip opened at Rs. 32.23 and has touched a high and low of Rs. 33.48 and Rs. 32.05 respectively. So far 434500 shares were traded on the counter. The … Read more
Indian rupee weakened against the US dollar on Thursday weighed by sluggish domestic equities and firm American currency at overseas markets after the latest Federal Open Market Committee minutes revealed a significant shift in the Federal Reserve's outlook. Meanwhile concerns over geopolitical developments and US policy shifts also sparked caution among investors. However, RBI interventions … Read more
Union Transport Minister Nitin Gadkari has said that the Indian automobile industry ranks third globally, behind China and the United States, but the government aims to elevate it to the top position within the next five years. The Indian automobile industry’s market size is around Rs 22 lakh crore. China leads with Rs 47 lakh … Read more