Rupee falls seven paise against USD
The rupee fell 5 paise to settle at 85.73 (provisional) against the US dollar on Tuesday, as higher crude oil prices and outflow of foreign funds continued to weigh on the local unit. Forex traders said the rupee pared some of its intraday losses as the American currency retreated from its...
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Duty cut on smartphone parts to hit electronics ecosystem: GTRI
08 January 2025 | PTI -
Markets rebound in early trade after sharp decline in previous session
07 January 2025 | PTI -
The Design Clinic Facility unveiled at the 71st Foundation Day of NRDC
07 January 2025 | PNS -
Trade Unions demand hike in minimum EPFO pension to Rs 5K
07 January 2025 | PTI -
Government mulls mandatory hallmarking for silver jewellery
07 January 2025 | PTI -
Rupee falls 4 paise to close at new record low of 85.83 against US dollar
07 January 2025 | PTI -
India's services sector growth hits four-month high in Dec on new biz orders
07 January 2025 | PTI
ICICI Securities pays Rs 40.2 lakh to settle case with SEBI
Brokerage firm ICICI Securities on Monday settled a case pertaining to the alleged violation of stock brokers rules with capital markets regulator Sebi, after paying Rs 40.2 lakh towards settlement charges. The order came after ICICI Securities proposed to settle the matter without "admitting or denying the facts and conclusions of...
RBI adds eight tons gold to its reserves in Nov 2024: WGC
Central banks around the world collectively, in November 2024, added 53 tonnes of gold to their reserves, of which the Reserve Bank of India's addition was 8 tonnes, the World Gold Council (WGC) said in a report on Monday. In 2024, central banks - mostly those from emerging markets - remained...
Market crash makes investors poorer by Rs 10.98 lakh cr
Investors' wealth tumbled Rs 10.98 lakh crore on Monday as markets crashed due to across-the-board selloff amid concerns over third-quarter earnings growth and foreign fund exodus. The 30-share BSE benchmark Sensex tanked 1,258.12 points or 1.59 per cent to close below the 78,000 level at 77,964.99. During the day, it plunged...
Govt should lower GST on cement at 18 per cent, frame policy to boost demand: JK Lakshmi
The government should reduce GST on cement to 18 per cent from 28 per cent and take some policy measures in the upcoming Budget to boost consumption of this key building material, a senior official of JK Lakshmi Cement said. In an interview with PTI, Arun Shukla, President and Director of...
CCI will focus on leveraging tech for fair competition: Chairperson Kaur
CCI will focus on strengthening enforcement, enhancing collaborations and leveraging technology to ensure fair competition in the country, its chief Ravneet Kaur has said. Competition Commission of India (CCI), which has the mandate to foster fair competition as well as curb anti-competitive practices, has been working on understanding the dynamic interplay...
FMCG makers expect inflation to hit volume growth, operating profit in Q3
Hit by inflation, higher input costs and pricing measures, fast-moving consumer goods companies are expected to see a contraction in their gross margin and a modest-to-flat operating profit in the October-December quarter. Several FMCG makers are likely to log a low single-digit rise in their revenue, returning to the cycle of...
Karur Vysya Bank adds two more branches in Tamil Nadu
Private sector Karur Vysya Bank has inaugurated two more branches, taking the overall branch network to 475 in Tamil Nadu, the bank said on Sunday. The Tamil Nadu-based bank inaugurated two branches, one each in Chennai and the other at Tiruchirappalli. According to a press release, during the current financial year, the...
