[ad_1] Investors are likely to monitor upcoming pre-quarterly business updates for insights into the forthcoming result season. (AI image) Stock market today: BSE Sensex and Nifty50 declined nearly 1 per cent on Friday as investors reduced their holdings in banking and IT sectors before the upcoming earnings season. The weakening rupee against the US dollar…
[ad_1] Meloni’s ties to Musk, the world’s richest person, have created headlines in Italy, with the billionaire even bestowing an award on her in New York. Investments by companies owned by Elon Musk don’t represent a threat to Italy, according to Prime Minister Giorgia Meloni.“I work to have major investments in Italy and evaluate the…
[ad_1] NEW DELHI: Poverty rates in India fell below 5% and the existence of extreme poverty became almost minimal in 2024, according to a study by the State Bank of India. “At an aggregate level, we believe poverty rates in India could now be in the range of 4-4.5 per cent with almost minimal existence…
[ad_1] KOLKATA: Western Carriers India Ltd (WCIL), a Kolkata-based logistics firm, has secured a material handling order worth Rs 139 crore from Vedanta Ltd, the company said on Friday. The order entails an import, finished goods domestic and export material handling contract at Vedanta’s Jharsuguda plant for a duration of four years, WCIL said in…
[ad_1] Indian banks are expected to achieve a credit growth of 12.5 per cent in the financial year 2025, according to a report by HSBC Securities and Capital Markets (India) Private Limited published on Friday. However, the report also cautioned that a slowdown in GDP growth could pose risks, keeping credit expansion range-bound in 2024-25.The…
[ad_1] NEW DELHI: Rural poverty has declined significantly to 4.86 per cent in the fiscal ending March 2024 from 25.7 per cent in 2011-12 mainly driven by government support programmes, said a SBI research released on Friday. Urban poverty too is estimated at 4.09 per cent, down from 13.7 per cent in 2011-12. “The sharp…
[ad_1] India is poised to achieve a remarkable milestone in its economic journey, with exports of goods and services projected to surpass $800 billion in the current fiscal year, said commerce minister Piyush Goyal on Friday. This anticipated figure not only marks a significant increase from the previous year’s total of $778 billion but also…
[ad_1] MUMBAI: The country’s biggest lender as well as the largest private bank have started the new year with higher returns for some depositors.While SBI has introduced a new category of super senior citizens above 80 years – who will get 10 basis points more than senior citizens – HDFC Bank has revised returns on…
[ad_1] MUMBAI: FMCG giant Hindustan Unilever is closing in on talks to acquire D2C beauty brand Minimalist in a deal that could value the startup at about Rs 3,000 crore, sources aware of the discussions told TOI. “The talks are ongoing but they are at an advanced stage and should close soon,” a source said….
[ad_1] MUMBAI: A post-festival moderation in growth, as indicated by various economic reports, could lead to lower-than-projected growth in the third quarter. While October saw a spike in economic activity, it tapered down in November as was first seen in indicators like payments.Current high-frequency indicators reflect a slowing of momentum, according to Kaushik Das, an…
