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Indian stock markets ended the week’s first trading session in the negative territory. Sensex shed as many as 941.88 points or 1.18% to settle at 78,782.24. Similarly, Nifty ended lower by 309 points or 1.27% to settle at 23,995.35. Broader market also ended in red. Midcap and Smallcap ended lower by 1.31%, and 1.98%, respectively.
Hyundai Motor and Kia reported a 17.4% increase in combined vehicle sales in the U.S. for October, driven by heightened demand for their hybrid models. Total sales reached 147,613 units, the highest for any October. Hyundai sold 78,705 units, marking an 18.3% rise, while Kia’s sales grew by 16.5% to 68,908 units, according to Yonhap […]
The Sensex and Nifty opened at fresh record levels in early trade today, November 4, 2024. The Sensex started trading today at 79713.14, down 10.98 points or 0.01%, and the Nifty was at 24315.75, up 11.40 points or 0.05%. Meanwhile, the Indian rupee was trading today at 84.06 against the dollar.
Asian Development Bank commended India for implementing policies aimed at reducing fossil fuel subsidies, specifically on petroleum products, and introducing a cess on coal. This strategy has enabled India to significantly cut fiscal subsidies in the oil and gas sector by 85%, from a peak of USD 25 billion in 2013 to USD 3.5 billion […]
The Reserve Bank of India’s Monetary Policy Committee (MPC) meeting plays a crucial role in shaping the country’s economic landscape. It assesses inflation and economic growth to set interest rates, impacting borrowing costs and investment decisions. The MPC’s decisions influence liquidity in the market, currency stability, and overall economic confidence.
The TDP said via Twitter that ArcelorMittal Nippon Steel is set to establish a large-scale steel plant in Andhra Pradesh, with an investment of Rs.1.4 lakh crore. This joint venture between ArcelorMittal and Japan’s Nippon Steel aims to build a steel plant in Anakapalle district. The agreement was finalized during a Zoom call between IT […]
You can conveniently pay your insurance premiums with a credit card. Here’s a simple guide: visit your insurance company’s website or app, go to the payment section, select “Premium Payment,” choose “Credit Card,” enter your details. You can also opt for auto-debit for automatic payments. While this method offers benefits like improved credit scores and [&hel...
The government has allocated ₹1,650 crore to state-owned Rashtriya Ispat Nigam Ltd (RINL) to address its severe operational and financial issues. This includes ₹500 crore in equity and a ₹1,140 crore working capital loan. Despite plans for privatisation, unions oppose this move, citing RINL’s lack of captive iron ore mines as a critical factor in […]
TVS Motor Company set a new sales record in October, achieving a total of 4.89 lakh units sold, marking the highest monthly sales in its history. Total two-wheeler registrations increased by 14%, rising from 4,20,610 to 4,78,159. Motorcycle sales climbed 14% to reach 2,30,822 units, while scooter sales experienced a notable 17% increase, totaling 1,93,439 […]
Here are the silver prices per 10 grams in the top cities. ★ Chennai – ₹1,060, ★ Mumbai – ₹970, ★ Delhi – ₹970, ★ Kolkata – ₹970, ★ Bangalore – ₹970, ★ Hyderabad – ₹1060, ★ Kerala – ₹1060, ★ Pune – ₹970, ★ Vadodara – ₹970, ★ Ahmedabad – ₹970, ★ Jaipur – […]
In September, WhatsApp banned over 8.5 million accounts in India for policy violations, with 1.66 million proactively flagged. The company received 8,161 complaints and took action on only 97 of them, according to its monthly compliance report under IT Rules 2021. WhatsApp, with over 600 million users in India, continues to enhance its moderation efforts.
India’s Goods and Services Tax (GST) collections for October reached ₹1.87 lakh crore, marking an 8.9% increase from ₹1.72 lakh crore in the same month last year. Cumulative collections for 2024 stand at ₹12.74 lakh crore, a 9.4% rise compared to 2023. This growth signals a robust economic recovery, reflecting strong domestic consumption and import […]
Elon Musk’s Starlink and Amazon’s satellite internet services face delays in India as the Department of Telecommunications (DoT) demands additional security compliance. While Airtel and Jio have received approvals, Starlink and Amazon are yet to submit required documentation. The DoT emphasizes the need for transparency in sensitive areas, impacting the launch timeline for these tec...
Adani Power Jharkhand Limited has halved its electricity supply to Bangladesh due to outstanding bills totaling USD 846 million. The reduction, reported by local media, has led to a shortfall of over 1,600 MW. Adani had previously warned the Bangladesh Power Development Board to clear dues by October 30, citing rising charges and payment delays, […]
The Sensex and Nifty opened at fresh record levels in early trade today, November 1, 2024. The Sensex started trading today at 79724.12, up 335.06 points or 0.42%, and the Nifty was at 24304.35, down 99 points or 0.41%. Meanwhile, the Indian rupee was trading today at 84.09 against the dollar.