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Home  Business

Business

India’s forex reserves top $700 billion, gold share surges 209% since 2018

India’s forex reserves top $700 billion, gold share surges 209% since 2018

  • Toyota Kirloskar Motor celebrates festive season with exclusive special edition of Urban Cruiser Taisor

    This special edition, designed with a focus on enhancing style, and premium-ness, comes with a well curated Toyota Genuine Accessories (TGA) package to elevate delight and excitement to customers.
  • Mahindra First Choice opens its first pre-owned car showroom in Hyderabad

    The new showroom was launched by Mahindra First Choice MD and CEO Mohammed Turra in the presence of VVC Group Chairman and Managing Director VV Rajendraprasad in Autonagar
  • Indian market trades lower, Nestle and Infosys among top losers

    The BSE Sensex began trading at 81,611.07 after slipping 209.05 points or 0.26 per cent in early trade
  • Health insurance stocks and market trends: What should policyholders be aware of?

    With changing regulations, economic conditions, and the evolving dynamics of the health insurance industry, understanding how these factors affect both investors and policyholders is crucial
  • Ola Electric shares fall nearly 3pc for third consecutive session

    The automotive testing agency, functioning under the Ministry of Heavy Industries, has requested clarification from the EV company regarding the price reduction for its S1 X 2 kWh electric two-wheeler in the recently announced sale.
  • BYD launches eMAX7 in Hyderabad

    BYD India, a subsidiary of the world-leading New Energy Vehicles (NEV) manufacturer BYD, had launched the highly anticipated electric multi-purpose vehicle (MPV).
  • Rupee rises 2 paise to 83.96 against US dollar as greenback weakens

    The 30-share BSE Sensex opened in the red, dropping 62.90 points, or 0.08%, to 81,548.51 in early trading. Similarly, the broader Nifty declined by 64.1 points to 24,934.35.
  • Rupee rises 2 paise to 83.96 against US dollar in early trade

     Mumbai: The rupee rose 2 paise to 83.96 against the US dollar in early trade on Friday amid a weakening greenback. However, a rise in crude oil prices and constant FII outflows capped further gains in the domestic unit, according to forex traders. A weak start to the day in the domestic equity markets also […]
  • Tata Group shares surge up to 10%, led by gains in Tata Chemicals, Tata Teleservices

    New Delhi: Shares of Tata Group companies on Thursday rose up to 10 per cent, with Tata Chemicals and Tata Teleservices among the major gainers. Tata Sons Chairman Emeritus Ratan Tata, who played a key role in transforming the group into a global conglomerate, passed away late on Wednesday. He was 86. “Investors can pay […]
  • Ratan Tata avenged Ford’s humiliation by acquiring Jaguar, Land Rover

    In 1998, the legendary industrialist launched his dream project, the Tata Indica, which was India's first hatchback with a diesel engine. However, sales were slow initially, prompting Tata Motors to consider selling its nascent car business within a year of its debut. The US auto giant Ford was viewed as an ideal candidate for the acquisition.
  • India’s 100 richest surpass $1 trillion, Gautam Adani ranks 2nd: Forbes

    India’s wealthiest are now valued at $1.1 trillion, more than double their worth in 2019, according to Forbes' list of the top 100 billionaires. The report highlights infrastructure magnate Gautam Adani as the biggest dollar gainer, citing his strong recovery from last year's short-selling attack and the recent appointment of his sons and nephews to key positions.
  • Infosys co-founder Narayana Murthy calls loss of “dear friend” Ratan Tata “very painful”

    "He was truly a moral compass for me during times of ambiguity and confusion regarding ethical issues," the 78-year-old remarked. After honoring Tata in 2020, the software icon bent down to touch his feet and sought his blessings.
  • Ratan Tata envisioned a “New India” led by young entrepreneurs, praised T-Hub nine years ago

    Speaking at T-Hub, India's largest incubation center, Tata reflected on his upbringing in an environment where ideas were often dismissed. He noted that bosses and managers would typically respond politely, insisting that individuals needed to gain experience on the shop floor before sharing their ideas.
  • Benchmark indices rise in early trade on global cues, banking stock boost

    Traders noted that market participants are keenly awaiting the Q2 earnings season, starting with Tata Consultancy Services, which is scheduled to release its results later today. In early trade, the 30-share BSE Sensex rose by 309.85 points or 0.38% to 81,776.95, while the NSE Nifty gained 90.70 points or 0.36% to reach 25,072.65.
  • Rupee rises 1 paisa to 83.95 against USD on strong equities, weak dollar

    Forex experts noted that rising global oil prices and significant foreign fund outflows limited further recovery of the domestic currency. At the interbank foreign exchange, the rupee opened at 83.95, up by just 1 paisa against the US dollar, and remained mostly flat in early trading.
  • RBI keeps policy rate unchanged for tenth time

    The RBI opted for a status quo despite the US Federal Reserve's decision to lower benchmark rates by 50 basis points last month. Additionally, several central banks in developed nations have also reduced their interest rates.
  • Benchmark equity indices rise ahead of RBI’s monetary policy decision

    Purchases in banking and IT stocks contributed to the positive market trend. The 30-share BSE Sensex rose by 123.45 points, or 0.15%, to reach 81,758.26 in early trade. Meanwhile, the NSE increased by 39.65 points, or 0.16%, to 25,052.80.
  • Rupee gains 5 paise to 83.92 against US dollar ahead of RBI policy announcement

    Most major central banks have shifted towards rate cuts, with the US Fed recently lowering rates by 50 basis points. Meanwhile, the RBI has kept its accommodative stance. The focus now turns to whether the central bank will transition from this accommodative position to a more neutral approach.
  • Hyderabad housing market witnessed 19% sales drop and 58% decline in new launches: Report

    The latest to highlight what could be described as a tragic dwindling of real estate market fortunes in the city is the ‘Real Insight Residential Report’ by PropTiger.com.
  • GMR Aero Technic announces partnership with Lufthansa Technik to redefine standards of engine core wash service

    Under this partnership, GMR Aero Technic, will conduct engine core wash services using technology developed by Lufthansa at the Kempegowda International Airport in Bangalore beginning Q4 2024.
  • Ola Electric ‘skids off the road’, share price touches its lowest at Rs 86

    In a stock exchange filing, the EV company admitted that it has received a show-cause notice from the Central Consumer Protection Authority
  • Sensex, Nifty turn flat amid weak trend in Asian markets

    Later, both the benchmark indices faced volatility and were trading with marginal gains
  • Amazon acquires MX Player app; merges it with miniTV to launch Amazon MX Player

    The merger aims to make premium-free entertainment accessible to a larger audience.
  • Equity indices rebound in early trade amid global market rally, strong buying in ITC, ICICI Bank

    In early trading, the BSE Sensex rose by 292.29 points, or 0.36%, reaching 81,980.74. Meanwhile, the NSE Nifty increased by 54.55 points, or 0.22%, to hit 25,069.15.
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