Rupee falls 3 paise to close at all-time low of 84.94 against US dollar
Mumbai: The rupee dropped 3 paise to close at an all-time low of 84.94 (provisional) against the US dollar on Wednesday, as traders await cues from the US Fed on the interest rate front. Forex traders said dollar demand from importers as well as foreign banks, foreign fund outflows and a muted trend in domestic […]
Sensex, Nifty extend losses into 3rd session on foreign fund outflows; all eyes on US Fed’s decision
Mumbai: Equity benchmark indices Sensex and Nifty stayed on the back foot for the third straight session on Wednesday as investors offloaded utility, capital goods and metal stocks amid foreign fund outflows. Besides, investor sentiment remained subdued ahead of the outcome of the US Federal Reserve’s policy meeting, scheduled for Wednesday, traders said. The 30-share […]
Bharat Mobility Expo set to become world’s largest automotive show soon: EEPC India
Kolkata: Bharat Mobility Global Expo is set to become the world’s largest show in the automotive sector soon with participation of over 1,500 exhibitors and expected unveiling of vehicle models, EEPC India, a coordinating agency for the event, said on Wednesday. The second edition of the expo, scheduled for 17- 22 January 2025, will see […]
ESIC new members addition rises 3pc to 17.80 lakh in October
New Delhi: Employees’ State Insurance Corporation (ESIC) registered a 3 per cent growth in new subscribers enrolments at 17.80 lakh in October compared year ago, according to payroll data released on Wednesday. As many as 21,588 new establishments have been brought under the social security ambit of the ESI (Employees’ State Insurance) Scheme in October […]
myTVS taps quick commerce segment for distribution of auto parts; aims to set up 250 stores
Chennai,: myTVS, part of the USD 3 billion TVS Mobility Group and a leading digital automotive aftermarket platform, has entered the quick commerce segment for auto parts distribution. The city-headquartered company plans to set up 250 stores branded as myTVS Hypermart across India over the next three years, Managing Director G Srinivasa Raghavan said here […]
Sri Lanka wins agreement with IMF for tax relief: President Dissanayake
Colombo: President Anura Kumara Dissanayake on Wednesday announced that Sri Lanka has achieved flexibility with the IMF on its rigid state revenue tax regime, something that was part of his election promise. Also, import of private cars — banned from 2020 — would be allowed from February 2025, Dissanayake, who is also the Minister of […]
National Cooperative Database is ready and operational: Amit Shah
New Delhi: The government has launched the National Cooperative Database (NCD), which will be a valuable tool for improving the cooperative landscape in India, Parliament was informed on Wednesday. The NCD portal is a comprehensive repository of information on cooperative societies across India. There are more than 800,000 primary cooperative societies with over 29 crore […]
Sugar mills pay Rs 8,126 cr to farmers in first 70 days of 2024-25 season
New Delhi: Sugar mills have paid Rs 8,126 crore to sugarcane farmers in the first 70 days of the ongoing 2024-25 sugar season, Food Minister Pralhad Joshi told Parliament on Wednesday. As of December 13, the total cane price payable stood at Rs 11,141 crore, Joshi said in a written reply to the Lok Sabha. […]
Pawan Hans secures 10-year contract for helicopter services to ONGC
Mumbai: State-owned helicopter services operator Pawan Hans on Wednesday said it has secured a 10-year contract worth over Rs 2,000 crore to provide four helicopters to ONGC for transporting its personnel to off-shore duty locations. Under the contract bagged through competitive global bidding, Pawan Hans will deploy four HAL-manufactured Dhruva NG helicopters for ONGC off-shore […]
AI firm Databricks raising USD 10 billion to fuel growth
New Delhi: Data and AI company Databricks on Wednesday said it is raising USD 10 billion in funding led by Thrive Capital and plans to use the fresh capital for new AI products, acquisitions, and expanding its international market operations. The oversubscribed funding round values the San Francisco-headquartered firm at USD 62 billion, according to […]
