Rupee hits record low of 85.84 vs $
The rupee hit a lifetime low of 85.84 against the dollar, closing at 85.83, despite RBI intervention. The drop was influenced by a strong dollar, poor capital flows, and weak … Read More
Category: Breaking News
JSW in talks to buy out PE Everstone’s 8% in MG India
JSW Group is in advanced negotiations to buy Everstone Capital’s 8% stake in MG India, potentially increasing JSW’s stake to 43%. Currently, Everstone Capital holds 8%, while JSW Group owns … Read More
Small packs in demand as FMCG companies hike prices
Indians are opting for smaller consumer goods packs as inflation in groceries and household supplies puts a strain on budgets. Categories like soaps, snacks, and tea are significantly affected. Companies … Read More
Sensex slumps over 1,200 points as Q3 results signal economic woes
The sensex fell 1.6% due to weak December quarter results, indicating an economic slowdown. Major sectors ended in the red, with banks and consumer sectors leading declines. Disappointing corporate earnings, … Read More
Services sector registers strongest growth in four months, boosted by rising demand and lower inflation
India’s services sector growth reached a four-month high in December due to strong demand and reduced inflationary pressures, as per an HSBC survey. The Services Business Activity Index rose to … Read More
Vedanta Aluminium secures 2nd position in S&P Global CSA
Vedanta Aluminium clinched the second spot in the S&P Global Corporate Sustainability Assessment for the aluminium sector worldwide, achieving a global score of 77. This marks the fourth consecutive year … Read More
Cost of home-cooked meals rises in December amid costly staples
Home-cooked meal costs rose in December, with vegetarian thalis up 6% to Rs 31.6 per plate and non-vegetarian thalis increasing 12% to Rs 63.3 per plate, driven by higher prices … Read More
India emerges as second largest gold buyer, adds 8 tons gold to its reserve: World Gold Council
In November 2024, central banks globally increased their gold reserves by a total of 53 tonnes. The Reserve Bank of India added 8 tonnes, becoming the second-largest buyer in 2024. … Read More
Investors lost more than Rs 10 lakh crore as market ended in red
Investors encountered a significant hit on Monday as the stock market plummeted, erasing Rs 10.98 lakh crore in wealth. Key indices BSE Sensex and NSE Nifty both suffered steep declines … Read More
India becomes second largest buyer of gold after Poland in 2024: World Gold Council
Global central banks continued to bolster their gold reserves in November 2024, adding 53 tonnes collectively. India, the second-largest buyer of the year, increased its reserves to 876 tonnes. Poland … Read More