The rupee weakened despite a decline in the dollar index. The dollar index stood at 103.83, after declining to a four-month low of 103.6 in the previous session, according to LSEG Data. “The market has priced in a 100% 25 basis point rate cut in September, so the dollar index had to fall”, a foreign exchange dealer said.
During the quarter, the company handled cargo volumes of 27.8 million tonnes which is higher by 9% over the last year. The increase in the volume is primarily on the incremental volumes from the acquired assets and increased capacity utilisation at the Paradip Iron Ore and Coal Terminal, the company said.
Construction equipment sales in India have stayed flat in the first quarter of FY25 due to a slowdown in road construction projects and subdued demand. Industry experts anticipate a tough year ahead, with concerns about declining volumes and delayed payments for infrastructure projects.
Lok Sabha speaker Om Birla has nominated 14 members for the Parliament's business advisory committee, effective July 18. The committee will recommend discussion times for government business and suggest topics for House debate. The next session starts July 22, with the budget presented on July 23.
Donald Trump's grand-daughter Kai Trump is making headlines after her passionate speech in Milwaukee, just days after deadly assassination attempt on the former US President.
Short buildup suggests increasing bearish sentiment, with more investors betting on price declines.
Indian benchmark indices logged record closing highs on Tuesday, led by gains in heavyweight IT stocks. The S&P BSE Sensex closed 0.06% higher at 80,716, while the NSE Nifty50 index ended above the 24,600 level.
Manorama Khedkar, mother of trainee IAS officer Puja Khedkar, was apprehended using a fake Aadhaar card at a lodge in Maharashtra's Raigad district. This follows a public outcry over a viral video showing her brandishing a firearm during a land dispute. Charged with attempted murder, Manorama's arrest involved GPS tracking and CCTV surveillance. The incident raises questions about Puja Khedkar's career, amid scrutiny of her probationary tenure and allegations regarding her father, Dilip Khedkar's, financial misconduct and legal troubles. Читать дальше...
The Assam government has decided to repeal the Assam Muslim Marriages and Divorce Registration Act from 1935 to prevent child marriage and ensure parity in marriage and divorce registration. Chief Minister Himanta Biswa Sarma aims to introduce a new bill for Muslim marriage registration in the next assembly session. The state also plans to implement the Uniform Civil Code to address issues like underage marriage and property inheritance. Over 1,000 arrests were made in a recent crackdown on child marriage in Assam.
ICICI Prudential Mutual Fund’s portfolio consists of 255 MF schemes and it manages assets worth Rs 8.11 lakh crore as of June 2024.
The company's upgrade follows a Bloomberg report that revealed plans to significantly increase investment in its southern India trans-shipment container port to Rs 100 billion. This ambitious move aims to attract some of the world's largest ships, according to sources familiar with the matter.
New Delhi: Dr Reddy's Laboratories, a Hyderabad-based firm, and Takeda Pharmaceutical entered a non-exclusive licensing pact to market 10mg and 20mg Vonoprazan tablets, a PCAB for reflux esophagitis and acid peptic disorders, in India. CEO MV Ramana highlighted the strategic collaboration. Shares rose 0.33% to Rs 6,665.10 on BSE.
A special anti-money laundering court in India granted interim bail to Sunil Varma, a former top executive of Gitanjali Group, accused of the Punjab National Bank scam. Varma, along with diamantaire Mehul Choksi, was accused of being the brain behind the scam and setting up shell companies. The Central Bureau of Investigation (CBI) sought his custody after Varma appeared before the court.
A research paper by RBI economists has found that the net financial wealth (NFW) of Indian households is still higher than pre-pandemic levels, at 97% as of March 2023. The total household financial assets are estimated at Rs 363.8 lakh crore, equivalent to 135.0% of the GDP, while the outstanding liabilities amount to ₹101.8 lakh crore, accounting for 37.8% of GDP.
Various national surveys which have been conducted indicate that Trump’s popularity levels are decreasing. Biden is ahead of his competitor in one of the major surveys conducted.
IT stocks pushed Indian benchmark equity indices to record closing highs even after making a weak start.
In its report “Electronics: Powering India’s Participation in Global Value Chains” released on Thursday, the Aayog has proposed promoting components and capital goods manufacturing, incentivising research and development and design, tariff rationalization, skilling initiatives, facilitation of technology transfers, and infrastructure development to help India become part of the global value chain.
In Maharashtra's political stir, Kangana Ranaut defends Eknath Shinde amid Hindu principles controversy sparked by Swami Avimukteshwaranand Saraswati. Shinde's alliance shift from MVA to BJP after coalition collapse draws sharp criticism and debate on political ethics. Ranaut counters, citing historical party splits and constitutional norms in defense of Shinde's decisions. The discourse reflects broader concerns over political integrity, religious teachings, and public accountability in Maharashtra's governance.
With minimal public appearances because of her treatment, Kate Middleton is spending her summer vacation concentrating on her family and health. Their relationship has been strengthened by Prince William's support. In August, they will be at Balmoral with King Charles and Queen Camilla.
L&T Technology Services’ revenue declined 3% sequentially to Rs 2,461.9 crore in the Q1. On a year-on-year basis, the revenue was up 7%. Operating margins fell to 15.6% in the just concluded quarter from 16.9% in Q4 of FY24. On a year-on-year basis, margins fell by 160 bps (100 bps is 1%).
India reiterates its call for de-escalation and peaceful resolution of the Israel-Hamas conflict at the United Nations. India condemns the loss of civilian lives and emphasizes the need for humanitarian assistance and ceasefire. India supports a two-state solution for Israel and Palestine.
Following a deadly encounter in Assam's Cachar district, where three alleged Hmar militants were killed and several police personnel injured, controversy has erupted with Hmar groups demanding a thorough investigation into the deaths. Assam Chief Minister Himanta Biswa Sarma reported the incident involving the militants from Manipur, claiming they were armed and posed a threat. However, the Hmar Students’ Association and Hmar Inpui allege the victims were villagers defending against militants, not armed combatants... Читать дальше...
