Sandeep appointed Director (Finance) of PFC

Sandeep appointed Director (Finance) of PFC

Saturday, 13 July 2024 | PNS | New Delhi

The Government of India appointed Sandeep Kumar as Director (Finance) at Power Finance Corporation Limited (PFC), effective 11 July 2024. Before this appointment, he was Executive Director (Finance) at PFC since 01.01.2020 and is holding the position of Chief Financial Officer (CFO), PFC. Kumar has a distinguished career spanning over 34...

Sensex, Nifty hit record high on buying in IT stocks after TCS earnings

Saturday, 13 July 2024 | PTI | Mumbai

Equity benchmark indices Sensex and Nifty hit their fresh record high levels on Friday amid heavy buying in IT stocks after TCS announced its June quarter earnings. The 30-share BSE Sensex zoomed 996.17 points to hit all-time high of 80,893.51. The NSE Nifty jumped 276.25 points to a new lifetime peak...

India to clock GDP growth of 7% in FY25: NITI Aayog member

Saturday, 13 July 2024 | PTI | New Delhi

The Indian economy will grow around 7 per cent in the current fiscal year and is on track to maintain a similar growth rate for several years, NITI Aayog member Arvind Virmani said on Friday. Virmani said there are new challenges facing the country and they will have to be dealt...

India to clock GDP growth of 7 pc in FY25: NITI Aayog member Arvind Virmani

India to clock GDP growth of 7 pc in FY25: NITI Aayog member Arvind Virmani

Friday, 12 July 2024 | PTI | New Delhi

The Indian economy will grow around 7 per cent in the current fiscal year and is on track to maintain a similar growth rate for several years, NITI Aayog member Arvind Virmani said on Friday. Virmani said there are new challenges facing the country and they will have to be dealt...

Markets climb in early deals on buying in IT stocks after TCS earnings

Markets climb in early deals on buying in IT stocks after TCS earnings

Friday, 12 July 2024 | PTI | Mumbai

Equity benchmark indices rallied in early trade on Friday amid buying in IT stocks after TCS announced its June quarter earnings. The 30-share BSE Sensex climbed 226.11 points to 80,123.45 in early trade. The NSE Nifty went up by 82.1 points to 24,398.05. Among the Sensex pack, Tata Consultancy Services climbed over...

Rupee falls 5 paise to close at 83.56 against US dollar

Rupee falls 5 paise to close at 83.56 against US dollar

Friday, 12 July 2024 | PTI | Mumbai

The rupee settled for the day 5 paise lower at 83.56 (provisional) against the US dollar on Thursday, weighed down by a weak tone in domestic markets and a recovery in crude oil prices. Forex traders said rupee traded with a slight negative bias on profit booking in the domestic market,...

Auto component industry to see moderate growth this fiscal: ICRA

Friday, 12 July 2024 | PTI | Mumbai

The Red Sea crisis is likely to impact the margins of the auto component industry over the next few quarters amid higher container rates and shipping time, credit ratings agency ICRA said on Thursday, projecting a moderate growth for the industry this fiscal. Close to two-thirds of the auto component exports...

MSME can play role in making India leading electronic manufacturing hub: Secretary, MeitY

Friday, 12 July 2024 | PNS | New Delhi

Manufacturing will play a major role in the structural transformation of the Indian economy and electronics will be an important sector driving this transition, according to S Krishnan, Secretary, Ministry of Electronics & Information Technology, Government of India. “We should enhance domestic value-add in electronics from 18-20 per cent to 35-40...

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