Mumbai: India’s foreign exchange reserves rose for a second straight week to hit a record high of $655.82 billion as of June 7, the central bank said on Friday. The reserves rose by $4.3 billion in the reporting week, adding to last week’s $4.8 billion increase. The Reserve Bank of India (RBI) intervenes in the foreign…
Mumbai: Benchmark equity indices hit their all-time high levels in early trade on Monday, with the Sensex breaching the 77,000-mark for the first time ever, rallying for the fourth day running. Optimism in the markets is due to various factors such as the Reserve Bank of India (RBI) revising upwards the GDP growth projection to…
New Delhi: Adani Ports and Special Economic Zone Limited (APSEZ) on Friday said it has secured a five-year Operation and Maintenance (O&M) contract for the container facility at the Syama Prasad Mookerjee Port in Kolkata. With this, APSEZ has to deploy cargo handling equipment within seven months from the letter of acceptance (LOA) date, the…
Mumbai: The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the eighth time in a row, saying it will maintain a tight vigil on inflation. The rate increase cycle was paused in April last year after six consecutive rate hikes, aggregating to 250 basis points since May 2022. Announcing…
Panaji: World Gin Day is a global celebration held on the second Saturday of June each year, and this year it falls on the 8th of June. It’s the perfect opportunity for gin enthusiasts and newcomers alike to explore and enjoy the diverse and exciting world of gin. We have rounded up some of the…
New Delhi: Shares of BHEL on Thursday ended 9 per cent higher after the company said it has secured an order worth over Rs 3,500 crore from Adani Power Limited to set up a thermal power project in Raipur, Chhattisgarh. The stock jumped 14.57 per cent to Rs 292.45 during the day on the BSE….
Mumbai: After a colossal fall on the election result day (Tuesday), the Indian equity market made a marginal recovery on Wednesday following news that political allies of BJP will stick with the party to form a NDA government for the third consecutive term. The NSE Nifty 50 gained 735.87 points or 3.36% to close at…
Mumbai: Benchmark stock indices Sensex and Nifty rallied more than 3 per cent to close at lifetime highs on Monday following across-the-board buying as exit polls predicted a massive win for the BJP-led NDA in the general elections. The 30-share BSE Sensex soared by 2,507.47 points or 3.39 per cent to settle at a new…
New Delhi: India’s manufacturing sector saw a slower growth rate for the second straight month in May but stayed firmly in expansion mode with global sales increasing to the greatest extent in over 13 years, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell from 58.8 in…
New Delhi: Goods and Services Tax collections grew 10 per cent to Rs 1.73 lakh crore in May driven by an increase in domestic transactions, indicating a sustained economic momentum. The collections, however, stood lower than the highest-ever mop-up of Rs 2.10 lakh crore recorded in April. “The gross Goods and Services Tax (GST) revenue…
