Japanese brokerage Nomura reported on Wednesday that the growth rate in festive consumption has halved to 15% in the current year. Analysts attributed the slowdown to “rough estimates,” noting that festive consumption had grown by 32% in 2023 and 88% in 2022. The decline signals a significant drop compared to previous years’ rapid growth.
Hindustan Petroleum Corp Ltd (HPCL) plans to increase its annual crude oil import deal with Iraq to 100,000 barrels per day (bpd) in 2025, a 43% rise from this year. Currently, HPCL imports 70,000 bpd of Iraqi oil in 2024. The increase follows the commissioning of residue upgradation units at its Vizag refinery, expanding its […]
Airtel has launched a Rs 1,999 recharge plan with 365-day validity, offering 24GB data, unlimited calls, and 100 free SMS per day, making it an affordable option at Rs 5 per day. This comes as a response to BSNL’s recent subscriber growth, driven by its budget-friendly plans. Airtel aims to recapture its market share with […]
In a major shift, the National Highways Authority of India (NHAI) has partnered with banks to collect toll taxes using the new Multi-Lane Free Flow (MLFF) system. Starting with the Dwarka Expressway, vehicles will be charged automatically through sensors. This system, aimed at reducing congestion and pollution, will be implemented within three months, ensuring revenue […]
Indian stock markes staged a smart recovery in the afternoon session on Tuesday, recouping some of Monday’s losses. The bounce back came ahead of US Presidential elections results and US Federal Reserve Policy meeting. Sensex settled up 694 points or 0.88% higher at 79,476.63. while the Nifty ended above the 24,200-mark at 24,213, up 218 […]
Swiggy is set to open its IPO on November 6, seeking a valuation of $11.3 billion (₹95,000 crore). The Bengaluru-based food delivery giant aims to raise ₹11,327 crore, with a price band of ₹371-390 per share. CEO Rohit Kapoor confirmed there has been no change in valuation despite media speculation. The IPO will close on […]
In exciting news for motor enthusiasts, Royal Enfield has officially ventured into the electric vehicle market with the launch of its first EV model, the “Flying Flea C6.” This bike combines retro charm with modern design, offering a range between 100-150 km. Equipped with LED headlights, girder forks, and a TFT display, the Flying Flea […]
The Sensex and Nifty opened at fresh record levels in early trade on Tuesday, November 5, 2024. The Sensex started trading at 78,693.36, down 88.88 points or 0.11%, and the Nifty was at 23,981.45, down 13.90 points or 0.06%. Meanwhile, the Indian rupee was trading today at 84.09 against the dollar.
The Reserve Bank of India has announced big updates regarding the Rs 2,000 currency notes. 98.04% of these notes currently in circulation have been returned to nationalized banks. The RBI stated that only Rs 6,970 crore worth of Rs 2,000 notes remain with the public. This initiative is part of the RBI’s Clean Note Policy, […]
Here are the petrol prices per liter today in the top metro cities in India. ★ Delhi – ₹94.72, ★ Kolkata – ₹104.95, ★ Mumbai – ₹103.44, ★ Chennai – ₹100.98, ★ Gurgaon – ₹94, ★ Noida – ₹94.72, ★ Bangalore – ₹102.88, ★ Bhubaneswar – ₹101.06, ★ Chandigarh – ₹94.24, ★ Hyderabad – ₹107.41, […]
To accommodate travelers during Chhath Puja, Indian Railways will run special trains from stations like Jammu Tawi, Amritsar, and Ludhiana. Safety measures and help desks will be in place for passengers. The Railway Board plans to operate 195 special trains over 13, especially in Bihar and Uttar Pradesh. Unreserved seats will also be available for […]
HDFC Bank has announced that its UPI service will be unavailable on November 5 and November 23 due to essential system maintenance. On November 5, the service will be down from 12:00 AM to 2:00 AM, while on November 23, it will be unavailable from 12:00 AM to 3:00 AM. This outage will affect all […]
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 […]