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Indian benchmark equity indices traded higher for the third consecutive session, supported by gains in metal and financial stocks. Positive cues from Asian markets and expectations of a 25 basis-point rate cut by the U.S. Federal Reserve later this month boosted sentiment. Sensex surged 598 points, closing at 80,846, while the Nifty settled above 24,450, […]
Work on the Sri Lankan port’s expansion, led by the Adani Group, is progressing as planned, with phase one set for completion in early 2025. Despite uncertainty surrounding $553 million in American funding due to the indictment of Adani executives, Sirimevan Ranasinghe, chairman of the Sri Lanka Ports Authority, confirmed construction is ongoing and financing […]
Australia has raised its 2024/25 wheat production forecast by 60,000 tons to 31.9 million tons, driven by strong yields in the east and west, offsetting southern losses. As a major exporter, this boost will help increase global supply amid low prices. The country also expects 500,000 tons less barley and 100,000 tons more canola than […]
The Reserve Bank of India (RBI) has instructed banks to reduce the number of inoperative or frozen accounts by organizing special campaigns to facilitate their activation. Additionally, banks are encouraged to assist customers in updating their Aadhaar details at branches offering Aadhaar services. This initiative aims to help account holders reactivate their accounts smoothly.
Vivek Chaand Sehgal is the richest Indian in Australia, with a net worth of over $8 billion. He is the founder of the global technology company, Motherson Sumi Systems, which specializes in automotive components. Under his leadership, the company has grown into one of the world’s largest suppliers, making Sehgal a prominent figure in both […]
Here are the silver prices per 10 grams today in the top cities. ★ Chennai – ₹994, ★ Mumbai – ₹909, ★ Delhi – ₹909, ★ Kolkata – ₹909, ★ Bangalore – ₹909, ★ Hyderabad – ₹994, ★ Kerala – ₹994, ★ Pune – ₹909, ★ Vadodara – ₹909, ★ Ahmedabad – ₹909, ★ Jaipur […]
The Sensex and Nifty opened at fresh record levels in early trade today, December 4, 2024. The Sensex started trading today at 80529.20, up 281.12 points or 0.35%, and the Nifty was at 24367.50, up 91.45 points or 0.38%. Meanwhile, the Indian rupee was trading today at 84.74 against the dollar.
The Group of Ministers (GoM) on Goods and Services Tax (GST) has proposed an increase in the current 28% GST on cigarettes, tobacco, soft drinks, and other related products to 35%. In addition, GST on clothing has been revised, with a 28% tax on clothes priced above Rs. 10,000. The GoM has also decided to […]
Here are the diesel prices per liter in the top cities. ★ Delhi – ₹87.62, ★ Kolkata – ₹91.76, ★ Mumbai – ₹89.97, ★ Chennai – ₹92.34, ★ Gurgaon – ₹87.65, ★ Noida – ₹87.86, ★ Bangalore – ₹88.94, ★ Bhubaneswar – ₹92.62, ★ Chandigarh – ₹82.40, ★ HYD – ₹95.65, ★ Jaipur – ₹90.36, […]
Pakistan’s annual inflation rate slowed to 4.9% in November, according to the statistics bureau, primarily due to a high base in the previous year. This rate was lower than the government’s forecast. The data suggests a decrease in inflationary pressures, providing a positive economic indicator amid ongoing challenges in the country’s financial landscape.
Anand Mahindra, chairman of Mahindra Group, responded to a critical tweet about the company’s car designs and service quality. The user compared Mahindra unfavorably to Hyundai. Mahindra acknowledged the critique but highlighted the company’s progress since the 1990s, when experts advised them to exit the car business. He thanked the critic for fueling the company’s […]
Indian stock markets ended December’s first session in positive territory. Sensex added 445.29 points or 0.56% to settle at 80,248.08. Similarly, Nifty settled at 24,276.05, up 144.95 points or 0.6% higher from its previous close. Notably, mid and small-cap stocks outperformed the benchmark on Monday, with Midcap and Smallcap indices settling with gains of 1.08% […]
Coal India Ltd (CIL), a state-owned company, increased its coal production by 2.4% to 471 million tonnes (MT) during the April-November period of the current financial year, compared to 460 MT in the same period last year. CIL, which accounts for over 80% of India’s domestic coal production, also reported a 1.7% rise in November, […]
After a $1.5 billion joint venture with China’s SAIC Motor to sell Morris Garages’ electric vehicles, JSW Group is set to launch its own EV brand as part of the Make in India. Chairperson Sajjan Jindal emphasized that the company aims to manufacture and add value in India, not just serve as a Chinese outpost. […]
Adani Green Energy Ltd shares surged 9% to ₹1,445 on Monday, marking its best session in nearly a year. The stock has risen 27% in the past year, with a 45% jump in the last week. Gautam Adani addressed US legal challenges, stating that the group has faced such issues before. Other Adani stocks, including […]