The Indian rupee hit a record low against the U.S. dollar on Monday, driven by persistent demand for the dollar and continued outflows from Indian equities. The rupee dropped to an all-time low of 84.0725 against the U.S. dollar, surpassing the previous low of 84.07 recorded last Friday. This downward trend is attributed to foreign […]
Notwithstanding last week’s erosion of Rs.1 lakh in market value, Indian stock markets are expected to navigate a crucial week ahead, with domestic and global economic indicators, especially Israeli-centric moves, taking center stage. Key drivers for market movements include India’s Wholesale Price Index (WPI) inflation and Consumer Price Index (CPI) inflation data for September, as well […]
The combined market capitalisation of seven out of the top 10 companies declined by Rs 1,22,107 crore over the past week, with Tata Consultancy Services (TCS) and Reliance Industries Ltd (RIL) leading the losses. Between October 7 and 11, Tata Group’s TCS saw its market cap drop by Rs 35,638 crore, settling at Rs 15,01,723 […]
In a shocking news, NCP (Ajit Pawar) leader from Maharashtra Baba Siidqui known for his annual Iftaar parties for celebrities in Mumbai was shot dead around midnight on Saturday. Currently, an MLC, Siddiqui was shot dead by three attackers in Mumbai around 9.30 pm at the office of his son, Zeeshan, who is the MLA […]
India is experiencing a remarkable transformation in youth employability, with the rate rising from 33.9% in 2014 to 51.3% in 2024, driven by government-led skill development initiatives. As the country with one of the youngest populations in the world, India is harnessing its demographic dividend and positioning itself to become a global skill capital. Key […]
The Indian rupee recently reached a historic low, falling by 0.12 to trade at 84.09 against the US dollar. This decline is largely attributed to surging crude oil prices and escalating geopolitical tensions in the Middle East. The US dollar’s strength, with the dollar index rising from $100.50 to $102.40, has also added pressure on […]
As global nuclear powers continue modernizing their arsenals and tensions rise over potential use of these devastating weapons, the 2024 Nobel Peace Prize was awarded to Nihon Hidankyo, a Japanese grassroots organization of atomic bomb survivors. The group, comprised of survivors from Hiroshima and Nagasaki, has long advocated for the complete elimination of nuclear weapons. […]
India’s foreign exchange reserves remained above $700 billion for the second straight week, according to data from the Reserve Bank of India (RBI) released on Friday. As of October 4, the reserves stood at $701.18 billion, marking a decline of $3.71 billion from the previous week. India’s forex reserves, which are at an all-time high, […]
Indian equity markets closed lower on Friday, with the Sensex falling by 230 points, or 0.28%, to 81,381, and the Nifty slipping by 34 points, or 0.14%, to 24,964. The decline was primarily driven by a sell-off in financial and auto stocks, alongside weakness in shares of Tata Consultancy Services (TCS). The banking sector bore […]
The Indian financial market has been witnessing a significant surge in the number of demat accounts, according to a recent report by Motilal Oswal Financial Services. The total number of these accounts reached 175 million in September, up from 171 million in August. This increase is a testament to the robust performance of the Indian […]
The Indian stock market started the day on a subdued note, reacting to weak signals from the U.S. markets. Major banking stocks were hit hard, pulling down indices, though select sectors like technology showed resilience and gained traction in the face of a broader decline. By mid-morning, the Sensex was down 142 points, or 0.17%, […]
The Indian auto sector recorded a remarkable $1.9 billion across 32 deals in the third quarter of 2023, marking the highest level of quarterly deal activity since the fourth quarter of 2021, according to a report by Grant Thornton Bharat. This surge in deals highlights a significant recovery for the sector, driven by strong investments […]
Ratan Tata was much more than a business icon. His vision and humanity were demonstrated in the work of several charities he founded and nurtured during his life, said former Prime Minister Manmohan Singh. “Tata had the courage to speak truth to the men in power, a testament to his integrity and commitment to ethical […]
Bengaluru, often celebrated as India’s technology capital, is once again proving why it leads the charge in innovation. In a recent social media post, Ananya Narang, CEO of Entourage and a prominent business influencer, shared her firsthand experience of staying at a hotel managed almost entirely by virtual staff. During her stay, Narang was surprised […]
Prime Minister Narendra Modi expressed profound sorrow on Thursday following the demise of Ratan Tata, Chairman Emeritus of Tata Sons, who passed away at Mumbai’s Breach Candy Hospital due to age-related health issues. Sharing his condolences on X (formerly Twitter), the Prime Minister wrote, “My mind is filled with countless interactions with Shri Ratan Tata […]
Google DeepMind researchers Demis Hassabis and John M. Jumper, along with Professor David Baker from Washington University, have been awarded the 2024 Nobel Prize in Chemistry for groundbreaking work in protein design and structure prediction. The Royal Swedish Academy of Sciences made the announcement on Wednesday, recognizing their contributions to solving key challenges in the […]
As per the latest Reuters/Ipsos poll, Democratic Vice President Kamala Harris is leading Republican Donald Trump by a narrow margin of 46% to 43% in the 2024 U.S. presidential election, reflecting the sentiments of voters as the November 5, 2024 vote is nearing. The poll reveals that voters consider the economy as the top issue facing […]
Ola Electric, once hailed as a trailblazer in India’s electric vehicle (EV) market, is now grappling with a host of challenges that threaten to derail its success. From a show-cause notice issued by the Central Consumer Protection Authority (CCPA) to a flurry of customer complaints and a sharp decline in stock prices, the company is […]
Airtel is likely to acquire Tata Play at a valuation comparable to the recent deal with Temasek, sources close to the matter revealed. Initially, Tata Play had planned for an initial public offering (IPO) and even filed for one in 2022, but the plan was shelved last August. Launched in 2006, Tata Play currently boasts […]
India’s equity markets opened higher on Tuesday, buoyed by strong performances in banking stocks and gains in UltraTech Cement, NTPC, and L&T among others on the BSE benchmark index. By 9:59 a.m., the Sensex had risen by 258 points or 0.32% to 81,308, while the Nifty climbed 58.20 points or 0.23% to 24,853. Leading the […]