The rupee depreciated 9 paise to 94.94 against the US dollar in early trade on Monday weighed down by elevated crude oil prices as the Israel-Lebanon conflict escalated. Forex traders said Dollar Index was nearer to 99 levels while oil prices rose to USD 93 per barrel after Israel-Lebanon conflict escalated following sharp weekly drops … Read more
Benchmark indices Sensex and Nifty rebounded in early trade on Monday driven by strong buying in blue-chips and tracking positive cues from the Asian markets following a sharp selloff in the previous trading session. The 30-share BSE Sensex climbed 206.16 points to 74,981.90 in early deals.The 50-share NSE Nifty went up by 42.65 points to … Read more
NEW DELHI: India’s manufacturing sector activity growth accelerated to a three-month high in May, driven by demand strength, infrastructure projects and new business gains, even amid inflationary pressures, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) posted 55.0 in May, above the April reading of 54.7, indicating … Read more
NEW DELHI: While total gross GST revenue collection in May rose by 3.2% to Rs 1.94 lakh crore, gross domestic collection in May fell by 2.6% to 1.34 lakh crore, as per the data released by the Finance Ministry on Monday. As per the data released by the Finance Ministry on Monday, the gross GST … Read more
Indian financial markets started June on a cautious footing, with equities, the rupee and precious metals responding to a mix of geopolitical tensions in West Asia, foreign fund outflows and concerns over rising crude oil prices. Although benchmark indices opened higher, they failed to hold on to early gains and ended the day in negative … Read more
BENGALURU: Wipro will acquire an additional 20% stake in Aggne Global for USD 28.5 million, increasing its ownership in the insurance technology company to 80%, according to a regulatory filing by the IT services firm. The transaction will be carried out through Wipro IT Services, LLC, a step-down subsidiary of Wipro, and is expected to … Read more
India may reconsider some of the tariff concessions it has offered to the UK under the recently concluded Free Trade Agreement (FTA), particularly on products such as Scotch whisky, if Britain goes ahead with its tightened steel safeguard measures on Indian exports, a senior Commerce Ministry official said. The issue is expected to figure prominently … Read more
A big relief news is coming for mobile users. If you too were troubled by the recharge plan of 28 days every month, then now your tension is going to go away. The long-running debate regarding the validity of mobile recharge in the country has now reached the corridors of the government. According to latest … Read more
Wipro shares will be in the spotlight as the IT major on Monday, June 1, said its step-down subsidiary Wipro IT Services LLC has acquired an additional stake in Aggne Global. “Wipro IT Services, LLC (stepdown subsidiary) will acquire an additional 20% stake in Aggne Global Inc,” the company said in a regulatory filing. With … Read more
Haryana CM Nayab Singh Saini launched the ‘Make in Haryana’ Industrial Policy, targeting Rs 5 lakh crore in investments. MoUs worth Rs 1.10 lakh crore were signed on the first day. The CM also unveiled nine new policies and a new investment portal. Seeking to propel Haryana into the front ranks of India’s investment destinations … Read more