Asian stocks edged higher and the dollar held firm on Tuesday as traders braced for a slate of central banks meetings this week that is likely to see the U.S. Federal Reserve deliver a rate cut and the Bank of Japan stand pat for now. Bitcoin, the best-known and the biggest cryptocurrency, remained nestled near … Read more
In a remarkable achievement, Minister of State for Finance, Pankaj Chaudhary, has said that India has garnered Foreign Direct Investment (FDI) inflows amounting to $709.8 billion between April 2014 and September 2024. India’s FDI policy framework is built on the principle of openness, allowing 100 per cent FDI under the automatic route in most of … Read more
Ahead of key policy decisions especially from the US Federal Reserve, the Indian stock market closed in red on Tuesday as selling was seen in the PSU bank, auto, IT, financial service, pharma, FMCG, metal, and realty sectors of Nifty. At closing, Sensex settled at 80,684.4, down by 1,064.12 points or 1.30 per cent … Read more
Indian rupee weakened marginally and hit a new lifetime low against the US dollar on Tuesday, tracking sluggish domestic equities, foreign fund outflows and dollar demand from importers and foreign banks. Foreign Institutional Investors offloaded Rs 278.70 crore in the capital markets on net basis on Monday, exchange data showed. Rupee fell further after data … Read more
Granules India is currently trading at Rs. 589.90, up by 5.55 points or 0.95% from its previous closing of Rs. 584.35 on the BSE. The scrip opened at Rs. 580.80 and has touched a high and low of Rs. 591.00 and Rs. 576.95 respectively. So far 41865 shares were traded on the counter. The BSE … Read more
With an aim to minimize distress selling by farmers, the government has launched the Credit Guarantee Scheme for e-NWR based Pledge Financing (CGS-NPF). This scheme provides a corpus of Rs 1,000-crore for post-harvest finance availed by farmers against electronic negotiable warehouse receipts (e-NWRs) after depositing commodities in Warehousing Development and Regulatory Authority (WDRA) accredited warehouses. … Read more
The overall annual growth in the women's workforce in the tech sector is anticipated to be 5.5 per cent over the next three years, according to a report. The report by TeamLease Digital showed that the Women's Workforce Participation Rate (WPR) in the tech industry in India is projected to experience growth, rising from 10.8 … Read more
The domestic gold jewellery consumption (in value terms) is expected to continue its momentum in the current financial year with an estimated growth of 14-18 per cent year-on-year, according to an ICRA report released on Tuesday. This follows the sharp growth of 18 per cent in 2023-24, which was primarily driven by realisations even as … Read more
Chief Minister Devendra Fadnavis on Tuesday tabled the bill to amend the Maharashtra Goods and Services Tax Act, 2017, in order to implement the decisions taken by the GST Council and to maintain uniformity in applicability of the provisions of the Central Goods and Services Act, 2017 and the state Act. The bill proposes … Read more
Textiles Minister Giriraj Singh has invited Japanese brand Uniqlo to invest in PM’s Mega Integrated Textile Region and Apparel (PM MITRA) Parks as India targets a textiles market size of 350 billion to 100 billion dollars in exports by 2030, according to an official statement issued on Tuesday. The minister held a meeting here with … Read more
