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Investors become poorer by Rs 9.51 lakh crore as markets crash
NEW DELHI: Investors' wealth eroded by Rs 9.51 lakh crore on Monday morning, following a crash in equity markets where the benchmark Sensex tanked over 2,400 points, mirroring a sharp plunge in global peers.
The 30-share BSE benchmark…
Rupee hits record low of 83.80 vs US dollar in early session.
MUMBAI: Rupee opened on a muted note and fell to an all-time low of 83.
80 against the US dollar on Monday, as the risk off situation in world markets kept the dollar well bid.
Forex traders said the sharp downfall in the domestic…
आर.ई.सी. लिमिटेड, गुरुग्राम में विद्युत मंत्रालय एवं इसके नियंत्रणाधीन कार्यालयों का अखिल भारतीय…
गुरुग्राम: भारत सरकार के विद्युत मंत्रालय के तत्त्वावधान में शनिवार, अगस्त 03 को विद्युत मंत्रालय तथा इसके नियंत्रणाधीन कार्यालयों के राजभाषा अधिकारियों के अखिल भारतीय राजभाषा सम्मेलन का आयोजन किया गया। भारत सरकार के सूचना एवम्…
Next round of India-ASEAN trade agreement review talks in November
NEW DELHI: The next round of talks for the ongoing review meeting of the India-Asean free trade agreement in goods will be held in November, an official statement said on Saturday.
The third round of the negotiations was concluded on…
India achieves highest global growth rate in agricultural GDP
NEW DELHI: Agriculture has been a key focus area of India's development strategy, achieving a remarkable growth rate of 5 percent in the farm sector over the seven years from 2016-17 to 2022-23, according to Niti Aayog member Ramesh Chand.…
India’s forex reserves drop by USD 3.4 billion
MUMBAI: Indicating serious intervention in the forex market to defend the rupee that has plumbed to record lows in the week, the forex reserves have come off the record highs, falling by $3.4 billion to $667.39 billion for the week ending…
Gross GST collection for July rises 10.3% to Rs 1.82 lakh crore
NEW DELHI: After facing criticism for not officially announcing the monthly GST collection numbers in June, the government on Thursday announced the revenue figures for July 2024. The gross GST collection in July rose 10.3% to Rs 1.82 lakh…
Sensex, Nifty reach record levels
MUMBAI: Benchmark BSE Sensex jumped 388 points to breach the 82,000 level for the first time while broader Nifty spurted 108 points to hit the record 25,000 mark in early trade on Thursday after the US Federal Reserve indicated a rate cut…
Spanish Media Reports India’s Story: Growth remains above 6%
With beginning of new month August 2024, we launch a news sharing collaboration with a leading Spanish journal ATALAYAR, from Madrid, to bring Europe's and particularly Spanish media coverage of Indian, Asian and Global Affairs, for the…
India Ratings jacks up growth forecast to 7.5% this fiscal
New Delhi: Citing the ongoing growth momentum led by government capex, deleveraged balance sheets of corporate robust quality banks’ assets, and a likely revival in private corporate capex, India Ratings has upped its growth forecast for…
50% increase in personal income tax collections in Q1
New Delhi: A 50% growth in personal income tax collections has helped the Centre’s gross tax collection surge 23.65% in the first quarter of the current financial year. Personal income tax collections in the April-June period rose almost…
NSE issues warning letter to Suzlon for disclosure lapses
NEW DELHI: The National Stock Exchange of India Limited (NSE) has issued a warning letter to Suzlon Energy Ltd for non-compliance with disclosure rules.
In its letter to Suzlon, NSE observed that a disclosure of an analyst's call of the…
Govt’s stand on Chinese investment unchanged- Piyush Goyal
NEW DELHI: Commerce Minister Piyush Goyal on Tuesday said there has been no rethink on the government's stand on allowing Chinese investment and the views expressed in the Economic Survey do not represent the government's views.
Replying…
Digital economy poised to be 20% of GDP by 2026
India's cost per gigabyte of data consumed is the lowest globally at an average of Rs 13.32 ($0.16) per GB with one of the highest mobile data consumption in the world, averaging a per-user per-month consumption of 24.1 GB in 2023.
Duty cut boosts gold jewelers’ sales by 35-40 per cent
Over the past three years, gold prices have surged by over 40 per cent, with a 20 per cent increase since April 2024 alone. Despite this, India remains the world's second-largest consumer of gold, with 562.3 tonnes consumed in 2023, just…
G20 nations agree to work together towards taxing super rich
Rio de Janeiro: G20 nations have agreed to work together to make the super-rich pay their taxes, but stopped short of a more substantial deal, according to a declaration adopted Friday after a meeting of finance ministers in Rio de Janeiro,…
Sebi bans Vijay Mallya from market for 3 years for rigging
MUMBAI: The markets regulator Sebi has barred fugitive businessman and ex-liquor baron Vijay Mallya from the securities markets for three years and also restrained him from associating with any listed firm for a similar period for routing…
India marks 1.4 lakh registered startups
NEW DELHI: The number of startups in India has increased to more than 1.4 lakh, highlighted Union Minister of State for Commerce and Industry, Jitin Prasada, in Rajya Sabha.
According to a written response by the minister in the house on…
REC declares Highest Ever QR1 Profits at Rs. 3442 Cr and offers Interim Div Rs. 3.50 per share
Aided by growth in profits, the company's Net Worth has grown to ₹ 72,351 crores as on 30th June 2024, registering an increase of 19% YoY.
Sensex, Nifty rally up to 1.7% led by IT and metal shares
NEW DELHI: Led by IT and metal stocks, bulls made a roaring comeback on Friday after trailing behind for 5 consecutive sessions. Benchmark indices - Sensex and Nifty- advanced 1.6-1.7% each. The 30-stock pack Sensex rose 1293 pts to close…