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Blood bath on Dalal Street, Sensex crashes more than 1,000 points
Business

Blood bath on Dalal Street, Sensex crashes more than 1,000 points

Mumbai, Sept 23: The Indian equities market crashed sharply on Friday, with Sensex falling more than 1,000 points due to global cues, to end the week on a negative note, dealers said. At close, Sensex was 1,020.80 points, or 1.73 per cent, down at 58,058.92, and Nifty closed 302.45 points, or...
Markets continue to remain weak tracking bearish global trends
Business

Markets continue to remain weak tracking bearish global trends

Mumbai, Sept 23: Equity indices began the trade on a weak note, falling for the third day running on Friday, amid an overall bearish trend in global markets. The 30-share BSE Sensex declined 319.3 points to 58,800.42 in initial trade. The NSE Nifty fell by 90.8 points to 17,539. Among the...
Adding Rs 1,600 cr per day to his wealth, Adani tops Indias rich list, ranks second in world
Business

Adding Rs 1,600 cr per day to his wealth, Adani tops India's rich list, ranks...

Chennai, Sep 21: Takeover tycoon and world's second richest person, 60-year-old Gautam Adani, naturally heads the India's rich list with wealth of Rs 10,94,400 crore, as per the IIFL Wealth Hurun India Rich List 2022. Interestingly, Adani gets the honours for the first time as that spot was...
Sparkling bright or a dark Diwali? Fireworks industry in suspense
Business

Sparkling bright or a dark Diwali? Fireworks industry in suspense

Chennai, Sep 18: Is it going to be a sparkling bright or dark Diwali is the question that has been asked by the fireworks industry for the past couple of years. With Diwali this year to be celebrated next month - and virtually without any curbs and the Covid pandemic wanes, the question gains...
India: From a milk deficit country to world
Business

India: From a milk deficit country to world's largest producer

Ahmedabad, Sept 15: India was once a milk-deficit country. But at present, it is the largest producer of milk in the world, contributing 21 per cent of global milk production. During the 1950s and 1960s, the situation was radically different. India was a milk-deficit nation dependent on imports...
Equities fall in early trade; Sensex slides 530 points
Business

Equities fall in early trade; Sensex slides 530 points

Mumbai, Sep 14: Benchmark Sensex tumbled 530 points and the broader Nifty shed 172 points in early trade on Wednesday as concerns over further rate hikes by the US Federal Reserve to tame inflation and weak global cues spooked investor sentiments.After four continuous sessions of gains, the 30-share...
Many nations showing interest in rupee trade: Sitharaman
Business

Many nations showing interest in rupee trade: Sitharaman

New Delhi, Sep 13: Union Finance Minister Nirmala Sitharaman on Tuesday said many countries have shown interest in having rupee trade with India. Speaking at the Mindmine Summit 2022 here, Sitharaman said that positive response has come from many nations across the world, which have said that it...
NBFCs
Business

NBFCs' asset growth set to touch four-year high in FY23: Crisil Ratings

Mumbai, Sep 12: Non-bank lenders' asset growth will jump to a four-year high of 11-12 per cent this fiscal, a ratings agency said on Monday. The non-bank finance companies (NBFCs) segment has witnessed three consecutive years of constrained asset growth due to the COVID-19 pandemic, with the...
Indian telcos to spend $19.5 bn on 5G infra by 2025: GSMA
Business

Indian telcos to spend $19.5 bn on 5G infra by 2025: GSMA

New Delhi, Sep 10: The telecom carriers in India are expected to invest around $19.5 billion in the development of advanced infrastructure for 5G by 2025, according to a GSMA report. The report showed that 5G could benefit the Indian economy by $455 billion between 2023 and 2040, or more than 0.6...
Elon Musk sends another notice to Twitter to kill $44 bn deal
Business

Elon Musk sends another notice to Twitter to kill $44 bn deal

San Francisco, Sep 10: Tesla CEO Elon Musk has shot off a third notice to Parag Agrawal-led Twitter, aimed at terminating the $44 billion takeover deal. In the latest letter submitted with the US Securities and Exchange Commission, Musk's legal team cited Twitter's multi-million dollar severance...
India bans export of broken rice
Business

India bans export of broken rice

New Delhi, Sept 9: After imposing 20 per cent export duty on non-basmati rice, the government has banned the export of broken rice with an aim to increase domestic availability, according to a government notification. "Export Policy of broken rice ...Is amended from 'Free' to 'Prohibited'," the...
Online sales during festive month to reach USD 11.8 bn: Report
Business

Online sales during festive month to reach USD 11.8 bn: Report

Mumbai, Sep 8: E-commerce firms are expected to log a 28 per cent year-on-year growth in sales at USD 11.8-billion during the festive month this year, a report said on Thursday. The festive month is generally defined as a period starting from the first sales event and lasting roughly till the...
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