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Online sales, ravaging monsoon and low apple production hit Diwali sales in Himachal
The market has been on a downward trend since demonetisation, followed by implementation of the Goods and Services Tax, Covid pandemic and the monsoon fury.
A fragile global economy is at stake as US and China seek to cool tensions at APEC summit
The global economy is expected to grow a lacklustre 3 per cent this year and 2.9 per cent in 2024, according to the International Monetary Fund.
War Clouds turn the Spotlight on Gold
After a brief lull, it was witnessed again following the break-out of hostilities between Russia and Ukraine, which has since, escalated into a full blown war too.
ONGC’s second-quarter net profit falls 20 per cent
Oil prices globally had risen sharply in April-June 2022, after Russia’s invasion of Ukraine led to uncertainties over supply and demand, but rates have cooled this year.
Dabur’s Burman family and Religare Enterprises set for a protracted corporate battle
Burmans made an open offer to buy an additional 26 per cent stake in Religare from public shareholders to become the majority stakeholder.
150 Bangladesh garment factories shut, 11,000 workers charged after clashes over minimum wage
Conditions are dire for many of the sector's four million workers, the vast majority of whom are women whose monthly pay, until recently, started at 8,300 taka ($75 - Indian Rs 6300).
Retail holding in NSE cos all-time high at 7.62%
The share of the government (as promoter) increased to a five-year high of 8.79% in September.
LIC net profit for Q2 drops 50%
LIC reported that profit after tax (PAT) for the half year ended September 30, 2023,was Rs 17,469 crore.
Ranjan Pai buys out Davidson Kempner’s debt in Byju’s
With this, Davidson Kempner exits Byju's and brings to a close its dispute with Byju's over a $250 million loan.
‘Telecom Dept doesn’t make call threatening disconnection’
Any such call should be treated as suspicious Lately, there has been surge in people getting calls claiming that mobile numbers will be disconnected within two hours by the DoT.
REC signs MoU with RailTel, to Finance Infra Projects in Telecom, IT and Railway Signaling
Gurugram: Power Sector Maharatna REC Limited signed an MoU with RailTel on Thursday, to extend financial assistance upto Rs. 30,000 Crore for Infrastructure Projects to be executed by RailTel in next 5 years. These projects encompass a wide…
Moody’s retains India’s GDP growth at 6.7% for 2023
According to it, high-frequency indicators show the economy’s strong momentum in the April-June quarter carried into the September quarter.
InterGlobe, Archer to launch air taxi service from 2026
The partnership has plans to finance the purchase of up to 200 of Archer’s electric take-off and landing (eVTOL) aircraft – Midnight- for the Indian market.
Festive season to create 2.5 million frontline jobs
In FY23, industry average salaries have increased marginally by 3.25% when compared to the FY22 festive season.
Government says no favouritism in coal mines allocation
As per a media report, Adani Group emerged as one of the biggest winners in the commercial coal auctions held in March 2023.
High prices may dampen the gold rush this Diwali
Prices rise 11% year-to-date on economic, geopolitical uncertainties
Madhya Pradesh: 10 UN Sustainable Development Goals to drive Rural Development, Livelihood, Health
Madhya Pradesh: The SBI Foundation's Youth for India program celebrated the valediction of its 10th Batch at SBILD. The event marked the culmination of the 13-month Fellowship for 67 dedicated Fellows, who showcased their remarkable…
PFC delivers impressive profits in Q2’23; declares Rs. 4.50 interim Div.
New Delhi: Power sector Maharatna, Power Finance Corporation "has delivered another successful quarter for FY 2024 with 28% increase in profit vis-à-vis Q2’23, reflecting our inherent strengths. Sharing our success with our shareholders has…
Global wine production hits lowest level since 1961, big C to blame
A number of major producers in the southern hemisphere had significant drops in production. Australia, Argentina, Chile, South Africa and Brazil all saw output drop between 10 and 30 percent.
Your humble railway platform may soon get KFC, Pizza Hut, Costa Coffee
Devyani International, the franchisee that runs KFC, Pizza Hut and Costa Coffee, ties up with IRCTC to bid for food court contracts at railway stations.
