Rupee falls 45 paise to close at 84.80 against US dollar on heightened cross-border tensions
MUMBAI,: The rupee depreciated 45 paise to close at 84.80 (provisional) against the US dollar on Wednesday, as heightened cross-border tensions following India’s military strikes against terrorist camps in Pakistan and Pakistan-Occupied Kashmir weighed on the domestic currency. Indian armed forces on early Wednesday carried out missile strikes on nine terror targets in Pakistan and […]
Tropical Agro launches India’s first granular insecticide ‘Tag Stem Lee’ for paddy crops
NEW DELHI,: Agri-input manufacturer Tropical Agrosystem on Wednesday launched India’s first granular insecticide ‘Tag Stem Lee’ to combat two major pests in paddy, which significantly impact rice productivity across India. The launch marks a significant breakthrough in Indian agriculture, as Tag Stem Lee addresses critical yield losses caused by ‘Stem Borer’ and ‘Leaf Folder’ infestations, […]
Tamilnadu Petroproducts reports Q4 standalone PAT at Rs 24.91 cr
CHENNAI,: Petrochemical manufacturing company Tamilnadu Petroproducts Ltd has reported a standalone profit after tax of Rs 24.91 crore for the January-March 2025 quarter, the company said on Wednesday. The city-based company registered a profit after tax of Rs 10.96 crore during the corresponding quarter of previous financial year. For the financial year ending March 31, […]
ICRA expects 5 IPOs in co-working segment in 12-18 months for raising over Rs 7k cr
NEW DELHI,: Rating agency ICRA on Wednesday said that India’s co-working segment may witness five maiden public issues in the next 12-18 months to raise more than Rs 7,000 crore. In a statement, ICRA said that India’s flexible (flex)/co-working office space portfolio is expected to increase to around 125 million square feet by March 2027 […]
RBI recognises FIMMDA as SRO for financial markets
MUMBAI : The Reserve Bank on Wednesday said it has recognised the Fixed Income Money Market and Derivatives Association of India (FIMMDA) as an SRO in financial markets regulated by the central bank. In August last year, the RBI had issued the framework for recognition of Self-Regulatory Organisations (SROs) in financial markets. The norms were […]
Softer vegetable prices lower meal cost in April: Report
MUMBAI,: Softer vegetable prices helped in lowering the cost of home-made meals in April this year, a report said on Wednesday.As per the “roti rice rate” report prepared by an arm of domestic rating agency Crisil, the cost of a typical vegetarian meal reduced 4 per cent year-on-year and 1 per cent month-on-month to Rs […]
GreenLine partners with Shriram Finance to scale up green logistics
NEW DELHI,: Essar group’s green logistics solutions provider GreenLine Mobility Solutions has partnered with Shriram Finance for the deployment of a new fleet of LNG-powered trucks, a statement said on Wednesday. GreenLine Mobility Solutions on Wednesday flagged off a new fleet of LNG-powered trucks at Chakan, Pune, the statement said. The deployment is supported by […]
Welspun Corp secures Rs 1,950 crore order for pipe, bend supply
NEW DELHI,: Homegrown Welspun Corp Ltd (WCL) has secured an export order worth Rs 1,950 crore for the supply of line pipes and bends. With these new orders, its current consolidated global order book stands at around Rs 19,300 crore, the company said. WCL said it announced the “receipt of a prestigious export order for […]
India-UK FTA: Duty concessions on Scotch whisky not to significantly affect Indian market
NEW DELHI,: The import duty concessions granted to Scotch whisky under the India-UK free trade agreement will not significantly impact the domestic market, as the reductions will be implemented gradually over a 10-year period, a government official said. As per the agreement, India will reduce duty on UK whisky and gin from 150 per cent […]
UAE’s freezone Jafza sees 40 pc rise in trade volume from India, says DP World
DUBAI,: The UAE’s Jebel Ali Free Zone (Jafza) has seen a 40 per cent year-on-year jump in trade volume and a 17 per cent increase in trade value from India in 2024, according to a statement. More than 2,300 Indian companies operate from the DP World’s flagship free zone, employing over 15,000 people across core […]
