Rupee surges 22 paise to settle at 87 against USD

Rupee surges 22 paise to settle at 87 against USD

Friday, 14 March 2025 | Press Trust of India | Mumbai

The Rupee surged 27 paise to settle at 87 (provisional) against the USD on Thursday following robust macroeconomic data and easing crude oil prices. Besides, recent weakness in the US dollar index also supported the local currency, forex dealers said. However, losses in domestic equities and unabated foreign capital outflows capped the...

Hindustan Zinc signs PDA with Serentica Renewables

Wednesday, 12 March 2025 | Pioneer News Service | New Delhi

Hindustan Zinc Limited (NSE: HINDZINC), India’s largest and the world’s second largest integrated zinc producer, announced the signing of a power delivery agreement (PDA) with Serentica Renewables, a leading renewable energy company in India. The latest power delivery agreement augments Hindustan Zinc’s round-the-clock renewable energy up to 530 MW from previously...

INDIAWOOD 2025 Concludes at India Expo Mart and Centre

Wednesday, 12 March 2025 | Pioneer News Service | New Delhi

INDIAWOOD 2025, the premier trade fair for woodworking and furniture manufacturing, concluded at the India Expo Mart and Centre (IEML), Greater Noida, Delhi NCR. Marking its 25-year milestone, the event attracted over 600 brands from 30+ countries, reinforcing India’s stature as a global manufacturing hub. Key highlights included Surface in...

Rupee recovers 10 paise against US dollar

Wednesday, 12 March 2025 | Press Trust of India | Mumbai

The rupee pared early losses to settle higher by 10 paise at 87.21 against the US currency on Tuesday as the dollar fell to a four-month low level and crude oil prices also stayed subdued. A volatile trend in domestic equity markets and foreign capital outflows amid fear of recession in...

Sensex settles almost flat

Wednesday, 12 March 2025 | Press Trust of India | Mumbai

Benchmark BSE Sensex recovered most of its losses to close marginally down in a volatile session on Tuesday even as private lender IndusInd Bank slumped 27 per cent and global markets declined on US recession worries. The 30-share BSE Sensex settled down by 12.85 points or 0.02 per cent at 74,102.32...

SEBI cuts timeline for completion of rights issue for equity shares to 23 days

Wednesday, 12 March 2025 | Press Trust of India | New Delhi

Markets regulator SEBI on Tuesday reduced the processing time for a rights issue of equity shares to 23 days in a bid to make it a preferred route of fundraising. Separately, the regulator has provided flexibility of allotment to specific investors in the rights issue and discontinued the current requirement of...

Telecom subscriber base grows to 1,189.92 million in December 2024: Trai

Wednesday, 12 March 2025 | Press Trust of India | New Delhi

n The total telephone subscriber base in India grew marginally to 1,189.92 million in December 2024 with Jio adding the highest number of subscribers in both mobile and fixed-line segments, a Trai report released on Tuesday said. Total telephone subscribers stood at 1,187.15 million in November, according to the Telecom Regulatory Authority...

India imports 44.19 lakh tonnes DAP till February of FY25: Government

Wednesday, 12 March 2025 | Press Trust of India | New Delhi

India has imported 44.19 lakh tonnes of Di-ammonium Phosphate (DAP), a key fertiliser, till February of this fiscal, the government data showed. The country had imported 55.67 lakh tonnes in the entire 2023-24 fiscal. In a written reply to Rajya Sabha, Minister of State for Chemicals and Fertilisers Anupriya Patel noted that...

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