The rupee started the new year on a weak note, depreciating by 6 paise to 83.22 against the US dollar amid a muted trend in domestic equities and dollar demand from importers. Forex traders said the rupee traded in a narrow range in the absence of global cues. Global crude oil markets were closed…
The Reserve Bank of India (RBI) on Monday said that 97.38 per cent of the Rs 2000 banknotes in circulation as of May 19, 2023, have been returned. The latest data reveals that the total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore as of May 19, 2023, when…
Former Karnataka minister and Congress leader Holalkere Anjaneya on Monday compared Chief Minister Siddaramaiah to Lord Ram and said there was no need to go to Ayodhya to worship “BJP’s Ram”. “Siddaramaiah himself is Ram. Then why go and worship that Ram in (Ayodhya) temple? That is BJP’s Ram. BJP does this for publicity….
New Delhi: Leading cement maker UltraTech’s consolidated sales rose by 6 per cent to 27.32 million tonnes (MT) year-on-year in the third quarter ended December 31, 2023. The total sales volume in the domestic market was up 5 per cent to 26.06 MT during the quarter under review, the Aditya Birla Group firm said in…
Former Australian captain Steve Waugh has demanded action against South African cricket. South Africa has announced the team for its New Zealand tour during the ongoing series against India. South Africa has sent an unknown team for this tour, out of total 14 players, there are seven players who have never played any Test. Besides,…
Stock markets reversed their weak start to close slightly higher on the first day of trading in 2024. The BSE Sensex closed at 72,271.94, up 32 points or 0.04 per cent. The NSE Nifty 50 ended 11 points or 0.05 per cent higher at 21,741.90 level. Monday’s positive start follows a strong year of gains…
Collections rise at slowest pace in three months, but mark seventh successive month of ₹1.60 lakh crore-plus receipts India’s Goods and Services Tax (GST) revenues crossed ₹1,64,800 crore in December 2023, with year-on-year growth slowing to a three-month low of 10.3% from a 15.1% rise in the previous month. December’s GST kitty, for transactions…
It is now mandatory for all packaged goods to display the ‘date of manufacturing’ and the ‘unit sale price,’ effective from Monday, as declared by Rohit Kumar Singh, the Consumer Affairs Secretary. Previously, companies had the flexibility to print either the ‘date of manufacturing,’ ‘date of import,’ or packaging date on their products. However, a…
Preliminary data from state-owned firms revealed a decline in petrol and diesel sales during December, attributed to the onset of winter, which typically curtails demand. Petrol sales from the three major state-owned firms, commanding 90 per cent of the fuel market, recorded a 1.4 per cent drop to 2.72 million metric tonnes compared to the…
Power Grid Corp. has emerged as the successful bidder to establish an interstate transmission system from the Renewable Energy Zone in Rajasthan. The company won the tariff-based competitive bidding process for “evacuation of power from REZ in Rajasthan (20 GW)” on a build-own-operate-transfer basis, according to an exchange filing on Monday. The scope of…