Rupee falls 5 paise to close at 83.50 against US dollar
The rupee pared its initial gains and settled for the day 5 paise lower at 83.50 (provisional) against the US dollar, weighed down by elevated crude oil prices. Forex traders said a weak trend in domestic equities also dented investor sentiments. At the interbank foreign exchange, the local unit opened at 83.43,...
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Brand India more mature, fearless brand than it used to be
07 May 2024 | PTI -
BSNL to launch 4G services across India in August
07 May 2024 | PTI -
FADA, Frost & Sullivan team up for study to analyse domestic PV segment
07 May 2024 | PTI -
Sensex closes flat, Nifty slips on profit taking by investors
07 May 2024 | PTI -
India’s service activity growth in April among fastest in 14 years: PMI
07 May 2024 | PTI -
Indian airlines to have 50 pc market share in international passenger traffic by FY'28: CRISIL
06 May 2024 | PTI -
One97 Communications shares decline 5 pc; hit lower circuit limit
06 May 2024 | PTI
Thermal power plants have 68 per cent of normative coal stocks
As many as 184 thermal power plants with a total generation capacity of 211 GW have 68 per cent of normative coal stock levels amid rising electricity demand due to soaring temperatures in the country. According to the Central Electricity Authority’s (CEA) May 3 daily report, 184 plants, that are monitored...
LG gears up for All India K-POP Contest 2024
Buoyed by last year’s success, LG Electronics India is gearing up for the 14th edition of the ‘All India K-POP Contest 2024’, in collaboration with the Korean Cultural Centre India (KCCI). With LG’s support, the event promises to be an exhilarating journey for K-pop enthusiasts across India, offering finalists a...
India has unexplored opportunities: Warren Buffett
Billionaire investor Warren Buffett said that the Indian market has “unexplored” opportunities which his conglomerate holding company, Berkshire Hathaway, would like to explore “in the future”. Buffett’s remarks came at Berkshire’s annual meeting on Friday when Rajeev Agarwal of DoorDarshi Advisors, a US-based hedge fund that invests in Indian equities, asked...
Home loan outstanding reaches Rs 27 lakh crore in March: RBI
Credit outstanding to the housing sector rose by nearly Rs 10 lakh crore in the last two fiscals to reach a record Rs 27.23 lakh crore in March this year, according to RBI’s data on ‘Sectoral Deployment of Bank Credit’. Experts from banking and real estate sectors attributed this growth in...
UPSIDA revenue in FY24 hits record Rs 1,359 crore
Uttar Pradesh State Industrial Development Authority (UPSIDA) has recorded an operating revenue of Rs 1,359 crore in financial year 2023-24 -- the highest ever for the public sector undertaking in UP, according to an official release. “This achievement marks a doubling of revenue compared to financial year 2018-19, indicating a robust...
Mahindra Finance reports 10 per cent drop in Q4 net profit at Rs 619 crore.
Mahindra & Mahindra Financial Services has reported a 10 per cent decline in standalone profit and tax to Rs 619 crore for the January-March quarter of 2023-24. The non-banking finance company also said that in a fact-finding assessment of the fraud in its Aizawl branch during the quarter identified 2,887 loan...
India, Ghana agree for early operationalisation of UPI system
India and Ghana are working to link their payment systems - Unified Payments Interface (UPI) and Ghana Interbank Payment and Settlement Systems (GHIPSS) respectively to permit users to make instant, low-cost fund transfers on a reciprocal basis. The two countries have also delved into discussions regarding the possibilities of a Memorandum...
