Rupee falls 11 paise to revisit all-time low of 84.09 against US dollar
Mumbai: The rupee on Friday fell 11 paise, revisiting its all-time low of 84.09 (provisional) against the US dollar, tracking a weak domestic equity market and continued FII outflows. The situation in the Middle East continues to be volatile and might keep oil prices high and the rupee weak in the short term, according to […]
Markets settle lower ahead of IIP data release; Sensex falls 230 points
Mumbai: Equity benchmark indices Sensex and Nifty ended lower on Friday, dragged by selling in banking, utility and financial stocks as investors turned cautious ahead of the release of industrial production data. Unabated foreign fund outflows and a depreciating rupee amid geopolitical tensions also hit investors’ sentiment, traders said. However, intense buying in metal stocks […]
IPO aimed to further Indianise operations: Hyundai Motor India
New Delhi: The upcoming Rs 27,870 crore initial public offering of the Indian arm of South Korean automaker Hyundai, the first such instance of the company listing its subsidiary in an overseas market, is aimed to further Indianise operations, a senior company official said on Friday. Hyundai Motor India Ltd’s initial public offering (IPO), the […]
Edible oils import falls 29 pc in Sep to 10.64 lakh tonnes on lower palm oil shipments: Trade data
New Delhi: India’s import of edible oils fell 29 per cent annually in September to 10,64,499 tonnes due to lower inward shipments of crude and refined palm oils, according to industry data. Import of edible oils stood at 14,94,086 tonnes in the same month last year. Solvent Extractors’ Association of India (SEA) on Friday released […]
New biz premium of life insurers grows 14 pc to Rs 35,020 crore in Sep
New Delhi: Life insurers recorded a 14 per cent rise in underwriting new business with a premium collection of Rs 35,020 crore in September. New business premiums stood at Rs 30,716 crore in same month a year ago. The new business premium collection in the first half of FY25 rose 19 per cent to Rs […]
PwC India collaborates with Meta to expand open-source AI solutions
New Delhi: PwC India has announced a collaboration with Meta to expand and scale its open-source AI solutions to enterprises and citizen services on Meta’s Llama models. This collaboration will promote the adoption of the Llama open-source platform and help PwC develop innovative solutions powered by Generative AI (GenAI) on a global scale, the consultancy […]
IREDA gets DIPAM nod to set up subsidiary to handle retail, B2B biz in RE segment
New Delhi: State-run IREDA has received approval from DIPAM to set up a wholly-owned subsidiary to undertake retail and B2B business in the renewable energy sector. Indian Renewable Energy Development Agency (IREDA), under the Ministry of new and renewable energy, is a non-banking financial institution. It has received in-principle approval from the Department of Investment […]
IPO-bound OYO rejigs top leadership with five elevations
New Delhi: IPO-bound OYO on Friday announced five additions to its leadership team, with Sonal Sinha being appointed as Chief Operating Officer (COO) International and Rachit Srivastava as the COO of OYO Vacation Homes in Europe. Besides, Shashank Jain will take over as Head of Technology & Online Revenue; Pankhuri Sakhuja will lead German home […]
Jio Financial Services launches revamped app with host of features
New Delhi: Jio Financial Services on Friday announced the launch of a new and improved JioFinance App that offers a range of services, including loans, savings accounts, UPI bill payments, recharges, and digital insurance. A beta version of the JioFinance App was launched on May 30, 2024. Over six million users have experienced Jio Financial […]
Faculty of Fisheries Rangil celebrates Graduation Day for 2024 BFSc pass-out students
VC SKUAST Kashmir urges pass-outs to think innovatively & contribute positively to society GANDERBAL: The Faculty of Fisheries, Rangil, Ganderbal, celebrated its graduation day today for the 2024 BFSc pass-out students with great enthusiasm and pride at Rangil Campus, here.The event was graced by several distinguished guests, including Vice-Chancellor SKUAST Kashmir Prof. (Dr.) Nazir Ahmad […]
