Gold prices rose by Rs 700 to Rs 79,400 per 10 grams in the national capital on Friday due to fresh buying by local jewellers and a firm overseas trend, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity closed at Rs 78,700 per 10 grams on Thursday. Silver … Read more
Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets. This came following a net outflow of over Rs 8,700 crore in the entire April on concerns over a tweak in India’s … Read more
New Delhi: India will be a USD 4 trillion economy in 2024-25 and surpass Japan by early next fiscal to become the world’s fourth largest economy, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal said on Thursday. Sanyal further said that a 7 per cent economic growth rate will be a ‘very … Read more
The market capitalisation of BSE-listed firms hit a fresh all-time high of Rs 294.49 lakh crore in Wednesday’s morning trade as the benchmark Sensex reached its lifetime peak of 63,588.31. The 30-share BSE benchmark advanced 260.61 points or 0.41 per cent to hit its all-time high of 63,588.31 in morning trade. On December 1 last … Read more
Billionaire Gautam Adani‘s conglomerate is looking to raise about USD 3 billion through an equity share sale to institutional investors in the boldest comeback strategy after the ports-to-energy group was hit by a damning report of a US short seller. While boards of Adani Enterprises Ltd – the group’s flagship firm – and electricity transmission … Read more
The Indian rupee on Tuesday saw its first gain in four sessions as a slightly weaker dollar and improving economic data supported the local currency.The rupee closed at 82.2050 against the U.S. dollar, up from 82.2950 in the previous session. The rupee had dropped to a six-week low of 82.3725 on Monday. The dollar, which … Read more
NEW YORK/LONDON – The dollar slid from a five-week high on Monday, pressured by a weak manufacturing index in New York state and as it consolidated gains made last week amid fears about the debt ceiling and the US economy. In emerging markets, the Turkish lira sank to a near record low as weekend elections … Read more
Tamil Nadu Chief Minister M. K. Stalin releasing the report, ‘Accelerating Tamil Nadu’s progress to becoming a One Trillion Dollar Economy by 2030-31’ at a function held in Chennai on Saturday. Looking on are: (from left) Subhrakant Panda, president, FICCI, T. M. Anbarasan, Minister for MSME, T. Mano Thangaraj, Minister for Information Technology and Anish … Read more
According to a release by World Bank, the assistance will support Karnataka’s ambition to provide functioning tap water connections to every rural household in the state. | Photo Credit: SRIRAM MA The World Bank has approved a 363 million dollar (USD) loan to Karnataka to provide a clean and safe drinking water to two million … Read more
The Indian rupee will remain at its current level three months from now and gain only marginally by the end of February 2024, barely recouping any of its losses from last year, a Reuters poll of foreign exchange strategists found. The rupee has steadied after falling more than 10% in 2022, when it was one … Read more