India’s forex reserves dropped by $5.69 billion to $634.58 billion in the week ended January 3, the Reserve Bank of India said on Friday. Photograph: Dado Ruvic/Reuters In the previous reporting week, the overall kitty had declined by $4.11 billion
Adani Group on Friday raised Rs 4,850 crore from the sale of 13.5 per cent of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business. Photograph:
Equity benchmark indices Sensex and Nifty nursed losses for the third consecutive session on Friday, in lockstep with a weak trend in global equities as concerns over economic growth and a slowdown in quarterly earnings sapped investors’ risk appetite. Photograph:
Public sector Indian Overseas Bank (IOB) on Thursday (January 9) said it has invited expressions of interest (EOIs) from asset reconstruction companies (ARCs) for the sale of 46 non-performing asset (NPA) accounts, collectively valued at ₹11,500 crore. Company Value Change
Top Gainers and Losers Today : **Top Gainers and Losers Today** The Nifty index concluded the trading session at 23,526.5, reflecting a decline of 0.4%. Throughout the day, the Nifty reached a peak of 23,596.6 and a low of 23,344.35.
Equity mutual funds (MFs) capped a strong 2024 with near-record inflows in December. With net inflows of Rs 41,156 crore in December, the 2024 tally surged to Rs 3.9 trillion, up 144 per cent compared to 2023. The December tally,
Luxury carmaker Mercedes-Benz India plans to roll out 8 new models, including battery electric vehicles, this year as it looks to sustain sales momentum having posted record sales in 2024. The company sold 19,565 units last year, registering a growth
The rapid rise of quick commerce is anticipated to create a substantial increase in the need for blue-collar workers, with India projected to require 2.4 million jobs by 2027, according to job matching and hiring platform Indeed. Quick commerce companies
The government’s initiative to migrate SEZ data from NSDL software to ICEGATE system for streamlined reporting of import data caused double counting of gold imports, resulting in inflated figures and the issue has now been largely rectified, government sources said.
Advait Energy Transitions Ltd on Wednesday (January 8) announced the receipt of a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Ltd (GUVNL) for a 50 MW/500 MWh segment of the 500 MW/1000 MWh Standalone Battery Energy Storage System
