NITI Aayog on Thursday released a comprehensive report on the crucial role of secure, affordable, flexible, and efficient (S.A.F.E.) accommodations for industrial workers in boosting India’s manufacturing sector. India is poised to elevate its manufacturing sector’s contribution to GDP from the current 17 per cent to 25 per cent as part of its long-term vision … Read more
The dollar was set to cap the week on a strong note on Friday as it was perched near a two-year high bolstered by a hawkish U.S. rate outlook, while the yen struggled to stay afloat as it again weakened to a new low. Currencies took a breather after huge moves in the previous session … Read more
Asian shares were pinned near three-month lows on Friday as investors awaited key U.S. inflation data that could either ease or worsen concerns about price pressures, while the dollar towered at two-year peaks. The closely watched inflation gauge – the U.S. Core Personal Consumption Expenditures – is due later in the day. Forecasts are centred … Read more
Indian shares are set for a muted open on Friday after the previous session's declines on concerns over a slower pace of rate cuts by the U.S. Federal Reserve, while IT stocks are likely to find support after solid results by U.S. peer Accenture. The GIFT Nifty futures were trading at 23,917 as of 07:57 … Read more
The overall milk situation in the country is stable with the year-on-year Wholesale Price Index and (WPI) and Consumer Price Index (CPI) inflation rates for milk recorded at low levels of 2.09 and 2.85, respectively, for the month of November 2024, Department of Animal Husbandry & Dairying (DAHD) Secretary Alka Upadhyaya, said at a review … Read more
The FIIs as per Thursday's data were net sellers in equity and debt segments both, according to data released by the NSDL. In equity segment, the gross buying was of Rs 14388.45 crore against gross selling of Rs 15310.79 crore. Thus, FIIs stood as net sellers of Rs 922.34 crore in equities. In the debt … Read more
Global automaker Range Rover on Thursday announced the start of sales for the 2025 'Made in India' Range Rover Sport in the country. The ‘2025 Range Rover Sport’ – the first made-in-India vehicle exclusively for the country– is now available in smooth and powerful 3.0l Petrol Dynamic HSE and 3.0l Diesel Dynamic HSE variants, the … Read more
India is expected to see a 9 per cent growth in hiring in 2025, according to a report on Thursday. The report by foundit (formerly Monster APAC & ME), showed that IT, retail, telecommunications, and Banking, Financial Services, and Insurance (BFSI) sectors are the primary drivers of this growth in the country. With a 10 … Read more
The Indian equity indices closed in red on Thursday amid weak global cues after the US Federal Reserve’s hawkish stance on rate cuts, as with moves towards maximum employment and price stability, its FOMC halved the number of rate cuts expected for 2025. Sensex closed at 79,218.05 down by 964.15 points, or 1.20 per cent, … Read more
The production-linked incentive (PLI) scheme for automobile and auto components industry has achieved Rs 20,715 crore investment and Rs 10,472 crore incremental sales have been achieved (as of September), with the first incentive disbursement planned for FY2024-25, the government said on Thursday. According to the Ministry of Heavy Industries, out of 115 applications received, 82 … Read more
