Global fund launches touch a record in China as yuan slumps

QDLP programme sees record fund launches in China as investors seek offshore assets amid market challenges

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Rupee rises 5 paise to 83.24 against U.S. dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.25 and gained further to trade at 83.24 against the greenback in initial deals, registering an increase of 5 paise from its previous closing level.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

The transformative impact of gold loans on Indian households

Indians hold a record gold reserve of 24,000 tonnes, which is about 14% of the world’s holding, but they have pledged only around 5,300 tonnes; as of December 2023, the gold loan industry’s advances stand at ₹7.15 lakh crore, but given our vast reserves the potential is too significant to ignore

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

RBI annual report 2023-24: Central bank sees real GDP growth at 7% in FY25

RBI’s annual report 2023-24 adds that geopolitical tensions, geoeconomic fragmentation, global financial market volatility, international commodity price movements and erratic weather developments pose downside risks to the growth outlook

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Stock markets plunge in early trade on weak global trends, unabated foreign fund outflows

The 30-share BSE Sensex declined 315.53 points to 74,187.37. The NSE Nifty tanked 102.60 points to 22,602.10.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Rupee falls 2 paise against US dollar in early trade

Forex traders said a strong American currency also weighed on the local unit.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Markets always get election results right, but investors don’t

Opinion polls are all unanimous that the BJP alone is likely to win a minimum of 330 seats and stock punters too are ‘all in’ with highly leveraged bets; but the current price action seen in the Bank Nifty suggests that the ‘smart money’ is still not enamoured with the latest irrational exuberance

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Shadow fleet tankers shipping dirty fuel in a setback for clean-up efforts

The global shipping industry is under increasing pressure to use cleaner fuel

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Rupee falls nine paise to 83.27 against U.S. dollar in early trade

Forex traders said the local unit faced some resistance due to subdued sentiment in the domestic equity market and strengthening of the American currency in the overseas market.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Sugar exports hinge on monsoon, cane sowing as output seen lower in 2024-25

Last year, India produced 32.8 million tonnes of sugar

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

NCLAT upholds Adani Goodhomes bid with 93% haircut for Radius Estate

The Mumbai bench of the National Company Law Tribunal on January 9, 2022, approved the resolution plan of Adani Goodhomes, a part of Adani Realty

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Rupee rises 3 paise to 83.10 against U.S. dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.14 and gained further ground to trade at 83.10 against the greenback, registering a gain of 3 paise from its previous closing level

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

EaseMyTrip Q4 PAT up 26% to ₹39.1 crore

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Private equity, venture capital investments soften to $39 billion: Bain & Company

Traditional sectors, including manufacturing, healthcare, energy have shown resilience and gained share, with some 75% of investments in 2023, compared to 60% in 2022

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Sensex, Nifty hit new all-time peaks in early trade

Global oil benchmark Brent crude climbed 0.21% to $82.29 a barrel

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

What is the current status with respect to spice exports? | Explained

Why is Ethylene Oxide used for sterilisation of Indian spices? What is the method that the EU prefers?

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Govt. directs telcos to block incoming international spoofed calls

Such calls appeared to be originating within India but were being made by cyber-criminals from abroad by manipulating the calling line identity

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

India in trade deficit with nine of top 10 trading partners in 2023-24

The trade deficit with China rose to $85 billion, Russia to $57.2 billion, Korea to $14.71 billion and Hong Kong to $12.2 billion in 2023-24

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

FPIs take out ₹22,000 crore from equities in May amid poll jitters, Chinese markets’ outperformance

This came following a net outflow of over ₹8,700 crore in the entire April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in U.S. bond yields

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

IOC, GAIL, ONGC fined for fourth straight quarter for failure to appoint directors

Listing norms require companies to have independent directors in the same proportion as executive or functional directors. They are also required to have at least one woman director on the board

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Hyundai expects 20% of SUV sales from rural markets

Hyundai’s SUV penetration in India is one of the highest at 65% as against the industry‘s 51%.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Divi’s Labs Q4 net surges 68% to ₹538 crore

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Reliance Industries seeks CCI approval for Viacom18-Star India merger

In February this year, global media giant Walt Disney Co and Reliance Industries announced signing of binding pacts to merge their media operations in India

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Morning Digest | 58 seats go to polls in 6th phase today; SRH defeats RR in IPL Qualifier to make the final

Here is a select list of stories to start the day

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Ashok Leyland Q4 PAT grows 20% to ₹900 crore, revenue down 3%

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

SCCL to adopt Australian technology in achieving 100 MT production

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

IDFC First Bank named ‘class apart’ in report

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

2024 turns out to be the worst-ever season for mango growers in Rayalaseema in five decades

With over 80% dip in yield following adverse weather conditions, the prospects of earning profits have faded; the situation has turned adverse, as competitors from Telangana and Tamil Nadu started supplying stocks to the pulp units predominantly located in Chittoor district

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Karur Vysya Bank to open 100 new branches in FY25: MD & CEO

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

State govt. mandates 33% reservation for women in all outsourced jobs

It applies to outsourced jobs lasting more than 45 days and employing over 20 people

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

World Economic Forum founder Klaus Schwab to step back from executive role

The World Economic Forum, established by Klaus Schwab in 1971, is known for its annual gathering of political and business leaders in Davos, Switzerland.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

City Union Bank records 17% up Q4 net at ₹254.81 crore

For the financial year ending March 31, 2024, the net profits of the bank breached the ₹1,000 crore mark, with ₹1,015.73 crore, up by 8% from ₹937.47 crore registered a year ago

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Idukki gets its first woman-led cardamom auction company

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

CCI chief bats for new analytical tools; says algorithmic collusion poses challenges

The CCI will be conducting a market study on Artificial Intelligence (AI) that will be aimed at developing an in-depth understanding of the emerging competition dynamics in the development ecosystems of AI

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Putin says gas output rose over four months, oil declined due to OPEC+ accords

Russia's economy is growing, needs are rising and they are being met by the fuel and energy complex, says President Vladimir Putin

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

‘Much ado about nothing’, says govt., on spice export worries

‘The maximum residue limit for EtO, used as a fumigant for food crops, is different across countries’

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

RBI’s proposed framework to administer project financing | Explained

Considering the long gestation period of projects relating to infrastructure, non-infrastructure and commercial real estate sectors, RBI has proposed a “harmonised prudential framework for the financing of projects.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Ensure gold loans are repaid and not renewed, banks tell branches

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

KSCDC to market products worth ₹100 crore in domestic market

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

FSSAI asks fruit traders, food biz not to use banned product 'calcium carbide' for fruit ripening

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

India, U.K. reaffirm FTA commitment at Strategic Dialogue

India and the U.K. have held 13 rounds of talks on the FTA. The 14th round started in January

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

SkyServe achieves Smart Earth Imaging in orbit

Within seconds of capturing a vast area over the Egypt-Sinai peninsula, STORM performed a range of intelligent tasks, including correcting errors in imagery, detecting and removing cloud and water cover, and identifying vegetation

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

1.7 crore connections disconnected through fraud detection steps: DoT

The Department of Telecommunications says the government was also working with WhatsApp to deal with pesky calls, and has had lakhs of numbers blocked as a result

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

India's 2024 economic growth projection revised upwards by U.N. to nearly 7%

The World Economic Situation and Prospects as of mid-2024 said “India’s economy is forecast to expand by 6.9% in 2024 and 6.6% in 2025, mainly driven by strong public investment and resilient private consumption”.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

The happy, hopeful coffee farmers of Karnataka

The soaring prices of coffee beans, driven by a global shortage in crop production, have provided a ray of hope for growers in Karnataka, which produces most of India’s coffee. Planters tell Darshan Devaiah B.P. and G.T. Sathish The Hindu that while this is good, the more significant problems remain

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

M&M Q4 profit rises 4% to ₹2,754 cr. as Tech M weighs

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Blinkit adds free coriander to orders based on customer suggestion

Blinkit CEO Albinder Dhindsa announced the launch on X.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Markets rebound in early trade on firm global trends

The 30-share BSE Sensex rallied 409.72 points to 73,396.75 in early trade. The NSE Nifty went up 129.45 points to 22,330.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Brookfield India Real Estate Trust to acquire 50% stake in Bharti’s Grade A office assets

Following this, Bharti will become the second largest unitholder in BIRET with an ownership stake of 8.53%

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

India’s weight in key MSCI equity index hits another high, to boost inflows

Consistent flows from domestic institutional investors and steady participation by foreign investors means that there is potential for India to surpass 20% weightage in the MSCI Global Standard index by the second half of 2024.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Walmart lays off hundreds of employees and requires others to relocate

Walmart announced layoffs affecting several hundred jobs at the retail giant's campus offices and said it will be requiring most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to office hubs in Bentonville, Arkansas; Hoboken, New Jersey; and the San Francisco Bay Area

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

U.S. Justice Department says Boeing violated deal that avoided prosecution after 737 Max crashes

It is now up to the Justice Department to decide whether to file charges against the aircraft maker amid increasing scrutiny over the safety of its planes

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Bharti Airtel posts Q4 revenue miss on currency devaluation in Africa

Bharti Airtel said consolidated revenue from operations rose 4.4% to ₹375.99 billion for the three months to March 31, missing analysts’ average estimates of ₹388.49 billion, as per LSEG data

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Markets climb in early trade as retail inflation eases in April

From the Sensex basket, JSW Steel, Power Grid, NTPC, Mahindra & Mahindra, Reliance Industries and State Bank of India were the major gainers

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Hindalco subsidiary Novelis files with SEC for IPO

The Aditya Birla group unit plans the listing on NYSE

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Tata Power installs 220 EV charging points across Karnataka

All charging points permit RFID (radio-frequency identification) card enabled transactions, which have further made the charging experience seamless ensuring that consumers can tap, charge and go without any hassle

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

KPI Green Energy board okays plan to raise up to ₹1,000 crore

This is subject to approval from shareholders, according to a regulatory filing

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Asset quality issue at Indian banks subsiding, boosting banks' appetite for growth: Fitch

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Sensex, Nifty tank in early trade on foreign fund outflows; Tata Motors down by more than 7%

The 30-share BSE Sensex tanked 462.33 points to 72,202.14. The NSE Nifty declined 125.8 points to 21,929.40.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Rupee trades in narrow range against U.S. dollar in early trade

Forex traders said with foreign investors buying U.S. dollars and the RBI selling the greenback, the USD/INR pair is expected to remain range-bound with a bit of a weakness bias.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Making a shift from boardroom to the heat and dust of electoral battlefield

BJD leader Santrupt Misra, with a net worth of ₹461 crore, quit his high-profile job to embark on a political journey

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

FPIs withdraw ₹17,000 crore from equities in May on political uncertainty amid general election

This was way higher than a net withdrawal of ₹8,700 crore in the entire April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in U.S. bond yields

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Bridgestone to unveil market expansion strategy to push next 10 years of growth in India

‘We expect the industry, in the long term, to grow 5 to 6% growth in after market and 4 to 5% in the OEMs segment in the next five years’

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

How is India streamlining the pharma sector? | Explained

Why has the drug regulator tweaked norms for exports? Where does India stand as a drugs manufacturer? Does the change follow allegations of sub-standard medicines being exported? Will a centralising authority help, with several important drugs set to go off the patent list?

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Gen AI adoption happening faster than PCs, smartphones: Oracle

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

TVS Srichakra Q4 standalone net rises 17% to ₹26 crore

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

U.S. plans to impose major new tariffs on EVs, other Chinese green energy imports

Tariffs on electric vehicles, in particular, could quadruple — from the existing 25% to 100%

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Industrial output slows to 4.9% in March

Uneven consumption was the weakest link last year and is key monitorable in 2024-25; output contracted in 10 of 23 manufacturing segments

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

U.K. exits recession with better-than-expected 0.6% GDP growth

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Markets bounce back in early trade on firm global trends; buying in ITC, Reliance

From the Sensex basket, ITC, Axis Bank, NTPC, JSW Steel, Hindustan Unilever, Asian Paints, Bharti Airtel and Reliance Industries were the biggest gainers.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Rupee trades in narrow range against U.S. dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.48, it touched 83.46 in the initial trade

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Markets plunge amid fears of uncertain poll outcome

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Maersk suffers ‘capacity loss of 15-20%’ due to Red Sea crisis

Maersk noted that while the Peak Season Surcharge was reduced recently, it has been increased again to help cover the additional costs due to the changes

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

DP World deploys 40-45% capex for free trade hubs in 3 ports

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

India plays very critical role in IT sector; Indians help the world find solutions to global problems: CEO of cloud security company Zscaler

“In fact, when I started Zscaler, I opened my office in Bangalore for Zscaler before I opened the offices in Silicon Valley,” Jay Chaudhury, CEO and founder of Zscaler, said.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

AstraZeneca to withdraw COVID-19 vaccine globally as demand falls

AstraZeneca also said it would proceed to withdraw the vaccine Vaxzevria's marketing authorisations within Europe.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Flexible office spaces reshape post-COVID work environments

The rise in the hybrid work models, capital intelligence, the need for flexibility in leases, and a shift in work culture have all fuelled the transformation towards flexible spaces

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Equity benchmark indices Nifty, Sensex turn flat after firm opening

The 30-share BSE Sensex climbed 123.82 points to 74,019.36 in early trade. The NSE Nifty went up by 56.35 points to 22,499.05.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

P-note investments surge to near six-year high at ₹1.5 lakh crore

The latest data includes the value of P-note investments in Indian equity, debt, and hybrid securities

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Permanent deletion of transactions can help make e-rupee anonymous: Das

In the past, the RBI brass, including Das and his Deputy T Rabi Sankar have said that technology offers the solutions to such concerns on privacy

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

April services activity eased, but orders, output record robust rise

Export orders grew at second-best pace in 10 years; Finance and Insurance services clock steepest growth

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Markets rebound in early trade amid firm trends at Wall Street, buying in Kotak Bank

The 30-share BSE Sensex climbed 328.54 points to 74,206.69 in early trade. The NSE Nifty advanced 93.45 points to 22,569.30

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Rupee rises 3 paise to 83.42 against U.S. dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.43 against the greenback. It later touched 83.42 in initial trade, registering a rise of 3 paise from its previous close

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Cost of meals rose by 71% in five years, salaries by just 37%: Data

This disparity means that households with regular salaried people might be cutting back on spending on non-essential items or luxury products

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Telangana Govt to raise ₹3,000 crore market borrowings on May 7 to fulfil financial commitments

Telangana Government to raise ₹3,000 crore through auction of securities from RBI primarily for completing Rythu Bandhu for Rabi season  

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Bombay HC to decide on Goyal’s bail plea on May 6

The Bombay High Court on Friday reserved its order in Jet Airways founder Naresh Goyal’s plea seeking bail on humanitarian grounds in the money laundering case. Justice N. Jamadar to pronounce on May 6

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Government lifts ban on onion exports; imposes minimum export price of $550/tonne

The decision assumes significance as the commodity is politically sensitive and general elections are going on in the country

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Bombay HC to decide on Goyal’s bail plea on May 6

The Bombay High Court on Friday reserved its order in Jet Airways founder Naresh Goyal’s plea seeking bail on humanitarian grounds in the money laundering case. Justice N. Jamadar to pronounce on May 6

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Tirthahalli areca emerges best variety among nuts grown in Karnataka

This is as per an analysis conducted by the Areca Research Centre at Keladi Shivappa Nayaka University of Agricultural and Horticultural Sciences in Shivamogga

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Why MDH, Everest spices are under international scrutiny | Explained

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

World food price index up for second month in April, says U.N. agency

FAO reports rise in global food prices for second month, driven by meat, vegetable oils, and cereals

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Wall Street Journal moves Asia headquarters from Hong Kong to Singapore; layoffs imminent

The newspaper said its decision comes after other foreign firms have reconsidered their operations in Chinese financial hub Hong Kong

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Rupee jumps 9 paise to 83.37 against U.S. dollar in early trade

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.04% to 105.13

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

NPCI inks pact with Bank of Namibia for developing UPI-like instant payment system

NPCI partners with Bank of Namibia to develop UPI-like instant payment system, enhancing financial inclusion and modernizing Namibia’s ecosystem

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

India’s April manufacturing PMI sees second-best improvement in operating conditions in three-and-a-half years

New orders, output grew at second-fastest pace in 40-odd months; firms ramped up hiring at moderate pace that was the highest since last September

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Rupee turns flat at 83.43 against U.S. dollar in early trade

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.02% to 105.64

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

SEBI makes nomination optional for joint mutual fund portfolios

Experts believe that the relaxation of nomination requirements for joint holders is beneficial as it simplifies the nomination process by allowing the surviving member to become the nominee.

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Government cuts windfall tax on crude petroleum

The SAED on the export of diesel, petrol and jet fuel or ATF, has been retained at nil

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Godrej family announces ownership realignment, group splits into two

The other group to be known as Godrej Industries Group, will have Nadir Godrej as Chairperson and will be controlled by his older brother Adi Godrej, Nadir Godrej, and their immediate families

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

Coca Cola bottler SLMG Beverages sets up ₹700-cr. plant in Amethi to cater to summer demand

With 7 production lines fully operational, the eight line is set to go for production by mid May

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu