Gold, silver prices plummet as US Fed signals only 2 rate cuts in 2025
New Delhi: Gold and silver prices fell sharply in the national capital on Thursday due to a muted demand by jewellers amid a weak global trend, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity plunged Rs 800 to Rs 78,300 per 10 grams. It closed at Rs 79,100 […]
Rupee crashes 19 paise to settle at all-time low of 85.13 against US dollar
Mumbai: The rupee depreciated 19 paise and breached the crucial 85 level to close at a fresh all-time low of 85.13 against the US dollar on Thursday, as a hawkish stance from the US Federal Reserve sparked a broad dollar rally. Forex traders said the Indian rupee breached the 85-mark for the first time and […]
Indian markets join global selloff as US Fed indicates fewer rate cuts ahead; Sensex sinks below 80k
Mumbai: Equity benchmark Sensex on Thursday plunged about 965 points to crash below the 80,000 level due to heavy selling in global equities after the US Federal Reserve signalled fewer rate cuts next year. Besides, deep losses in consumer durables, banking and IT stocks amid foreign fund outflows added to the gloom, analysts said. Falling […]
Micromax, Taiwan-based Phison join hands to design, manufacture storage chipsets in India
New Delhi: Electronics company Micromax and Taiwan’s storage chip company Phison have set up a joint venture, MiPhi, to design and manufacture artificial intelligence-enabled storage chipsets modules locally, a senior official of the Indian firm said. Micromax Informatics Co-Founder Rahul Sharma told PTI that the company has started production at its Noida facility. “Phison is […]
Indian EV market potential likely to touch Rs 20 lakh cr by 2030, to create 5 cr jobs
New Delhi: Union minister Nitin Gadkari on Thursday said the Indian electric vehicle market potential is likely to touch Rs 20 lakh crore and will create around 5 crore jobs across the entire EV ecosystem by 2030. Addressing the ‘8th Catalyst Conference on Sustainability of E-Vehicle Industry – Evexpo 2024’, Gadkari said estimated electric vehicles […]
No impact of Swiss withdrawal of MFN status to India: Nestle India
New Delhi: FMCG major Nestle India on Thursday said the suspension of the MFN (most favoured nation) clause granted to India by Switzerland will have ‘no impact’ on the company. The suspension of MFN status under the Double Taxation Avoidance Agreement (DTAA) is a policy issue between the government of India and Switzerland and is […]
Waaree Renewables Technologies board okays NSE listing
New Delhi: Waaree Renewable Technologies on Thursday said its board has approved listing of its equity shares at the National Stock Exchange (NSE). Waaree Renewable Technologies (WRTL) is an arm of Waaree Energies (WEL). It is engaged in the business of generating, trading, purchasing, marketing, selling, importing, exporting, producing, transmitting, distributing, supplying, exchanging or otherwise […]
Laxmi India Finance files draft papers with Sebi to raise funds via IPO
New Delhi: NBFC player Laxmi India Finance Ltd has filed draft papers with markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The Jaipur-based company’s proposed IPO is a combination of a fresh issue of 1.04 crore shares and an offer for sale (OFS) of 56.38 lakh shares by promoters, according to […]
Adani unveils new campaign as it looks to bounce back from US indictment
New Delhi: Billionaire Gautam Adani’s conglomerate on Thursday unveiled a new version of its ‘Hum Karke Dikhate Hai’ campaign as it looks to bounce back from the damning indictment by the US authorities in an alleged bribery case. “Building on the success of its previous edition, this multi-media, multi-platform campaign moves beyond the conventional corporate […]
Inventurus Knowledge Solutions’ shares jump nearly 43 pc in debut trade
New Delhi: Shares of Inventurus Knowledge Solutions Ltd, which provides healthcare support services, listed with a premium of nearly 43 per cent against the issue price of Rs 1,329 on Thursday. The stock made its debut at Rs 1,856, rallying 39.65 per cent from the issue price on the BSE. Later, it surged 46.13 per […]
