Wall Street News, US Stock Market Crash: The higher rate of inflation has worried investors that the Federal Reserve may aggressively hike key rates. The Fed will announce its policy decision on Wednesday.
The direction was given during a meeting chaired by consumer affairs secretary Rohit Kumar Singh with major e-commerce food business operators to discuss pertinent issues which affect consumers in this sector.
India is likely to import 172 million tonnes of coal in 2024-25, 173 million tonnes in 2027-28, and 170 MT in 2029-30 of non-cooking coal. The country imported 215 million tonnes of coal in FY'21 and 249 million tonnes of coal in FY'20, the coal ministry said.
The bulk of the hiring has been in the product, tech, and marketing teams: the tech team has tripled from 60 to 200.
However, it remained above the RBI's upper tolerance level for the fifth consecutive month, suggested government data.
At the interbank foreign exchange market, the local currency opened at 78.20 and witnessed an intra-day high of 78.02 and a low of 78.29 against the US dollar.
The investment will go into a new slitter which will allow the Hartlepool site to process coils of steel delivered from Tata’s Port Talbot steelmaking site in South Wales.
Equity benchmarks had another rough day on Monday as Sensex crashed 1,457 points and Nifty tumbled more than 400 points to settle at 15,774.
Sensex and Nifty crashed more than 2.50 per cent each tracking extremely weak global cues. The selloff eroded more than Rs 6.65 lakh crore of wealth.
Crypto Crash News Update: The global cryptocurrency market cap slipped to $1.04 trillion from $3 trillion around six months ago, according to data on CoinMarketCap on Monday morning.
At the interbank foreign exchange, the rupee opened at 78.20 against the American dollar, then lost ground to quote at 78.29 -- its record low level, registering a fall of 36 paise from the last close.
LIC share is likely to remain under pressure this week as the lock-in period for anchor investors has ended.
Sensex and Nifty crashed more than 2.50% each tracking weak global markets and unrelenting foreign fund outflows.
Post the transaction, Tencent arm holds 0.72 per stake in Flipkart which is valued at around USD 264 million, as per last valuation of USD 37.6 billion disclosed by the e-commerce firm in July 2021.
According to the latest data from the UN Food and Agriculture Organization, fish stocks are at risk of collapsing in many parts of the world due to overexploitation.WTO; India
Power plants are operating at full throttle to meet the demand, and the govt has ordered coal import to meet the shortfall in domestic supplies.
The company said in late March that was planning to split its stock for the second time in two years. At that time the shares were trading at over $1,000 each.
Since the day of listing, LIC shares have remained below the issue price and had touched a low of Rs 708.70 and a high of Rs 920.
When inflation remains above the tolerance level for a long time, it impacts the value of savings, thus decreasing the purchasing power of the money.
High inflation has also forced the Federal Reserve into what will likely be the fastest series of interest rate hikes in three decades.
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