The government has intensified onion supplies, delivering 840 tonnes to Delhi railway station as part of a strategy to stabilize prices. This follows a previous shipment of 1,600 tonnes. Onions will be sold at Rs 35 per kg in Azadpur Mandi, amid rising retail prices of Rs 60-80. Rail transport aims for efficient distribution, with […]
A Moscow court has imposed a hefty fine on tech giant Google, ordering the company to pay $2.5 trillion for allegedly hacking into Russian YouTube channels. Since 2020, YouTube has suspended 17 channels, including those belonging to Russian government media. The court mandated that Google restore these channels after the company refused to comply.
In a major step towards enhancing digital connectivity in India, Bharat Sanchar Nigam Limited (BSNL) has deployed over 50,000 indigenous 4G sites across the country, as announced by the Ministry of Communications. As of October 29, more than 41,000 of these sites are operational. This includes nearly 36,747 sites established under Phase IX.2 and 5,000 […]
The number of people paying personal income tax in the country has increased over the last 10 years. SBI Research has released a report on the growth of income taxpayers from 2014 to 2024. It indicates that the income threshold for the middle class rose from Rs. 1.5 lakh to Rs. 5 lakh in 2014 […]
The Sensex and Nifty opened at fresh record levels in early trade today, October 31, 2024. The Sensex started trading today at 80044.95, up 102.77 points or 0.13%, and the Nifty was at 24349.85, down 9.00 points or 0.04%. Meanwhile, the Indian rupee was trading today at 84.08 against the dollar.
India’s quick commerce sector, promising 10-minute deliveries, is reshaping consumer habits but raises significant societal concerns. While companies like Blinkit and Zepto expand rapidly, the pressure for instant gratification may lead to negative consequences, including unsafe working conditions. As consumer expectations soar, the industry must grapple with the implications of this fast...
This Diwali season has seen a surprising decline in car sales, with an 18% drop resulting in around 790,000 unsold vehicles valued at approximately Rs 79,000 crore. Traditionally a peak buying time, this year’s lack of interest, especially in the Rs 10-25 lakh segment, marks a stark contrast to previous years. Dealerships are yet to […]
On Dhanteras, Oil Marketing Companies announced an increase in dealer commissions for petrol pump dealers, leading to lower petrol and diesel prices in several states, including Odisha and Chhattisgarh. The Indian Oil Corporation stated this change will not impact retail prices but enhance customer service. Union Minister Hardeep Singh Puri welcomed the decision, which aims […]
Indian stock market ended their two-day winning streak, and settled in the red on Wednesday. Sensex shed 426.85 points, or 0.53%, to settle at 79,942.18. Mirroring the Sensex, Nifty ended lower by 125.99 points, or 0.51%, to 24,340.85. Notably, small-cap stocks outperformed in the broader indices. Smallcap index ended higher by 1.05%. Meanwhile, Midcap 100 […]
The Sensex and Nifty opened at fresh record levels in early trade today, October 30, 2024. The Sensex started trading today at 80255.51, down 113.52 points or 0.14%, and the Nifty was at 24371.45, down 95.40 points or 0.39%. Meanwhile, the Indian rupee was trading today at 84.07 against the dollar.
Adani Enterprises, the flagship of Adani Group, reported a remarkable 664% increase in net profits for the July-September quarter, rising to ₹1,741 crore from ₹228 crore in the same period last year. For the first half of 2024-25, cumulative net profits reached ₹3,196 crore, reflecting a 254% growth. The company announced these results on Tuesday.
In a big setback for beer lovers in top Karnataka cities, the govt is poised to increase the excise duty on beers. Prices are expected to rise by 10-20% for higher-alcohol beers. The proposed plan includes doubling the excise duty on strong beer to Rs 20 per bulk litre. The Beer Association of India (BAI) […]
Meta is reportedly developing an AI-powered search engine to compete with Google, Microsoft’s Bing, and DuckDuckGo. The initiative aims to reduce reliance on existing search engines for data used in its AI chatbots. A dedicated team has been working on the project for eight months, with details about its implementation still unclear. No official launch […]