Adani Group: CEO Scott Nathan that DFC works to drive private sector investments that advance development and economic growth while strengthening the strategic positions of our partners. That’s what we’re delivering with this infrastructure investment in the Port of Colombo.
Stock markets: The 30-share BSE Sensex jumped 181.6 points to 65,124 in early trade. The Nifty climbed 49 points to 19,455.70 points.
The Indian government is committed to enhancing coal production and distribution to ensure a stable energy supply. This focus has led to various players in the coal industry reporting increased revenue.
The gems and jewellery industry, a significant contributor to India's economy, faces challenges with a predicted 30-35% revenue drop in the diamond polishing sector for the financial year 2023-24 due to poor demand from the US, EU, and China.
In a statement, WeWork said it entered into a restructuring support agreement with stakeholders to “drastically reduce” the company’s debt while further evaluating WeWork’s commercial office lease portfolio.
These fluctuations highlight the ongoing dynamics in India's financial landscape, with investors keenly observing these movements and their potential implications for the market.
The rupee depreciated 5 paise to 83.26 against the US dollar in the morning session on Tuesday, tracking a strong American currency overseas and sustained foreign fund outflows.
This upward momentum in both indices reflects a positive sentiment in the stock market, potentially driven by favorable economic indicators and investor confidence.
The 30-share BSE Sensex jumped 471.45 points to 64,835.23 in early trade. The Nifty climbed 126.75 points to 19,357.35 points.
Saraswat, who is heading a committee to explore the technological and commercial viability of the Virgin Hyperloop technology, said some foreign companies have shown interest in bringing the technology to India but added it is not viable.
In all cases, the central bank said penalties are based on deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction or agreement entered into by the entities with their customers.
The 30-share BSE Sensex jumped 414.06 points to 64,494.96 in early trade. The Nifty climbed 125.5 points to 19,258.75.
The Reserve Bank of India is also providing Triple Lock Receptacle(TLR) forms to individuals for a deposit of Rs 2,000 currency notes in their bank account. Scroll down to read the story in detail.
The 30-share BSE Sensex jumped 593.8 points to 64,185.13 in early trade. The Nifty climbed 179.3 points to 19,168.45.
Reserve Bank of India news: Manoranjan Mishra is a post-graduate in economics and MBA (banking and finance). He also holds a master's degree in finance and financial regulation from Aston Business School, UK.
This small-cap stock, operating in the paper industry, has delivered remarkable returns of approximately 600% in the past two years.
The Reserve Bank of India had announced the withdrawal of Rs 2,000 denomination banknotes from circulation on May 19, 2023. The Central bank said Rs 2,000 notes worth 10,000 crore are yet to return to the banking system.
Investors opted for cautious trading strategies and trimmed their equity exposure as markets recorded a second successive session of declines. The selling pressure primarily affected metal, power, automobile, and banking stocks. However, gains in the telecom sector helped mitigate overall losses.
In October 2023, India's Goods and Services Tax (GST) collection reached an impressive ₹1.72 lakh crore, marking the second-highest collection ever recorded, with a remarkable year-on-year growth of 13%.
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