MUMBAI: The rupee dropped 5 paise to 85.69 against the US dollar in early trade on Wednesday, the first session of 2025, as the strength of the American currency in the overseas market and persistent foreign fund outflows weighed on the local unit. Forex traders said the dollar index (DXY) and US 10-year bond yields have been on an uptrend …
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MUMBAI: The Indian stock market witnessed substantial growth in 2024. The National Stock Exchange’s growth across listings, market capitalisation, investor participation, and funds mobilisation is better than the previous year.The NSE annual report data reveals that as of December 31, 2024, a total of 2,671 companies were listed, up from 2,527 in 2023.The market capitalisation of these listed companies surged …
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MUMBAI: The Reserve Bank of India will sell government bond worth Rs 4.73 lakh crore in January-March quarter of 2025 on State Governments and Union territories.The weekly schedule of auctions to be held during the quarter along with the name of States/UTs who have confirmed participation, the RBI added in its notification.The central bank informed that the actual amount of …
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NEW DELHI: Growth in the country’s eight key infrastructure sectors rose to a four-month high in Nov, led by cement, coal and electricity sectors. Data released by the commerce and industry ministry on Tuesday showed the eight core sectors, spanning coal, crude oil, natural gas, petroleum/refinery products, fertilisers, steel, cement and electricity grew 4.3% in Nov, higher than the 3.7% …
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CHENNAI: 2024 ended with private equity-venture capital (PE-VC) investments of $31.1 billion, the lowest since 2019 in India. The cumulative investments were down by 5.5% when compared with 2023, which accounted for $32.9 billion, the second lowest in the past six years. However, the number of deals exceeded 1,000, from 993 a year ago (in 2023). The PE investments compiled …
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NEW: Four Kirloskar companies on Tuesday said they are preparing to legally challenge a letter by markets regulator Sebi, asking them to disclose the deed of family settlement that was signed by members of the Kirloskar family on Sept 11, 2009. In separate regulatory filings, Kirloskar Ferrous Industries (KFIL), Kirloskar Industries (KIL), Kirloskar Pneumatic Company and Kirloskar Oil Engines maintained …
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MUMBAI: From stocking up on breakfast staples milk and eggs, packs of noodles and chips to satisfy midnight cravings and buying iPhone 16 at the tap of their smartphones, Indians shopped their way through quick commerce platforms last year. 10-minute deliveries will continue to be the flavour of 2025 as companies add more categories, expanding consumer use cases; people especially …
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MUMBAI: NPCI has extended by two years the deadline for third-party apps PhonePe and Google Pay to bring down their market share in UPI. The apex payments body has also lifted the onboarding limit, capping the maximum number of users at 10 crore for WhatsApp in respect of UPI.This is the second time NPCI has extended the timeline, even as …
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MUMBAI: For Dalal Street investors, 2024 is a story of two parts, unequally divided. During the first nine months, the two leading indices – the sensex and Nifty – scaled new highs at regular intervals. And then came a sudden burst of foreign fund selling that shaved off a large chunk of the gains from the earlier month.As a result, …
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The Income-Tax Department announced an extension for the deadline for filing belated or revised income tax returns for the fiscal year 2023-24 to 15th January 2025. Previously, the last date for resident individuals to make these submissions for assessment year (AY) 2024-25 was set at 31st December 2024.The department made this announcement in a post on X, “CBDT (Central Board …
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