with market caution heightened by waning demand in the United States and China as well as mixed signals from the US Federal Reserve. Brent crude futures for January were up 19 cents at $81.62 a barrel by 1250 GMT, having lost $1 in early trading, while US West Texas Intermediate (WTI) crude futures for…
New Delhi: Retail markets across India registered a record trade of Rs 3.75 lakh crore during this festive season so far, traders’ body CAIT said on Monday. The Confederation of All India Traders (CAIT) stated that festivals like Goverdhan Pooja, Bhaiya Dooj, Chhath Pooja and Tulsi Vivah are yet to be solemnised, which may…
Tata Steel, the steelmaking giant, announced on Monday its decision to cut approximately 800 jobs at its IJmuiden plant in the Netherlands as part of its strategy to enhance profitability and navigate challenging market conditions. Currently, Tata Steel employs around 9,200 individuals at its IJmuiden plant, situated on the Dutch coast west of Amsterdam….
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai took to his X account to reveal Dhs231 billion deals made by Emirates and flydubai at the opening day of Dubai Airshow. “Today, Emirates Airlines and flydubai signed aircraft purchase deals with a total…
Four firms — Fedbank Financial Services Ltd., Indian Renewable Energy Development Agency, EPACK Durable Ltd. and Suraj Estate Developers Ltd.– have received capital markets regulator’s approval to raise funds through initial public offerings. These companies, which filed preliminary IPO papers with Securities and Exchange Board of India between July and September, obtained the watchdog’s…
The market indice Sensex ended 325 points lower on Monday while the Nifty Smallcap 100 index proved to be an outlier in a bearish market as it ended 0.65 percent higher. All sectors barring Nifty PSU Bank and Nifty Realty indices shut shop in negative territory Nifty declined in the first hour of trade on…
It has invested Rs 385 crore towards increasing the installed capacity, and the amount has been funded through internal accruals, the paint manufacturer said in its exchange filing on Monday. The plant at Khandala had an installed production capacity of 3 lakh kiloliters per annum, when it commenced operations in February 2013. The company…
Asian Paints Ltd. has increased the production capacity at its Khandala plant in Maharashtra to 4 lakh kiloliters per annum in order to meet the medium-term capacity requirements. It has invested Rs 385 crore towards increasing the installed capacity, and the amount has been funded through internal accruals, the paint manufacturer said in its…
Coordinated efforts are being made to evacuate the stranded workers at the earliest from the Silkyara tunnel collapse site in Uttarakhand, the Ministry of Road Transport & Highways said on Monday. At least 40 workers got trapped after a portion of the tunnel under construction between Silkyara and Dandalgaon on the Brahmakhal-Yamunotri national highway collapsed…
In Q1 (April-June), 57% of respondents reported increased production levels, which gained further traction in Q2 (July-September) with over 79% noting higher production. Order books also reflect this positive trend, with 80% of respondents reporting increased orders, indicating optimistic demand conditions. Speaking on the survey, Subhrakant Panda, President of the Federation of Indian Chambers…