Category: Commerce

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Middle East tensions, high crude oil prices bring rupee to 84-mark against dollar

New Delhi:  With elevated crude oil prices amid global geo-political situations, the rupee on Friday breached the 84-mark against the US dollar for the first time. The rupee traded lower by 0.12 at 84.09, pressured by the recent rise in the dollar index from $100.50 to $102.40 and its steady hold. According to trade experts,.

Piyush Goyal presented the keynote on ‘India’s Evolving Manufacturing Landscape’ in US

On Friday, Union Minister of Commerce and Industry, Piyush Goyal, announced that he delivered the keynote speech at the CSIS event titled ‘India’s Evolving Manufacturing Landscape’ in Washington, D.C. He highlighted how significant reforms, diversification, and localized supply chains are evolving India into a global manufacturing hub. In a post on X, he noted, “I.

Festive season to generate over Rs 50,000 cr in business nationwide

The festival season in India has commenced with various celebrations such as Navratri, Ramleela, Garba, and Dandiya, which are anticipated to generate over Rs 50,000 crore in revenue nationwide, according to the Confederation of All India Traders (CAIT). In Delhi, the contribution is estimated to exceed Rs 8,000 crore, as consumer activity is expected to.

Indian logistics market to expand to Rs 13.4 trillion by FY28: Report

New Delhi: According to a recent report by Motilal Oswal, the Indian logistics market, valued at ₹9 trillion in FY23, is anticipated to experience significant expansion, reaching ₹13.4 trillion by FY28, with a compounded annual growth rate (CAGR) of 8-9%. This growth is driven by structural changes, technological innovations, and government initiatives aimed at reducing.

BREAKING: Commercial LPG cylinder prices hiked by Rs 48.50

New Delhi: According to the sources, On Tuesday the oil marketing companies announced a hike in the prices of commercial LPG gas cylinders, effective from today (October 1st). As per the official sources, the price of a 19 kg commercial LPG gas cylinder has been hiked by Rs 48.50, marking a significant rise for businesses.

BharatPe settles Rs 88 crore fund misappropriation case with Ashneer Grover

New Delhi:  After a long-standing and dramatic courtroom battle, BharatPe on Monday said it has arrived at an agreement with its former co-founder Ashneer Grover, who was charged, along with his family members, by the fintech company for alleged misappropriation of funds worth Rs 88.67 crore. In a statement to IANS, the company said that.

Sensex closes at all-time high, Nifty above 26,000 for first time

Mumbai:  India equity indices closed at a record high on Wednesday following positive cues from global markets. At closing, Sensex was up 255 points, or 0.30 per cent, at 85,169 and Nifty was up 63 points, or 0.25 per cent, at 26,004. It is the first time that the Nifty closed above the 26,000 mark..

Sensex touches 85,000 mark, Nifty 26,000 amid global policy rate cuts

New Delhi : Stock indices in India continued to rally amid rate cuts globally, touching fresh highs on Tuesday. Sensex breached 85,000 and Nifty crossed 26,000. Sensex closed the day at 84,914.04 points, down 14.57 points or 0.017 per cent, while Nifty closed at 25,940.40 points, up just 1.35 points or 0.0052 per cent. Among.

Sensex tanks 1,017 points; investors lose over Rs 5 lakh crore

Mumbai:  Indian benchmark indices closed in the deep red on Friday as investors remained jittery ahead of an important US jobs report that could determine the speed and size of US Fed rate cut in the coming days. At closing, the Sensex was down 1,017 points or 1.24 per cent at 81,183 and Nifty was.

Commercial gas cylinder becomes expensive, 19 kg commercial LPG cylinder price hike by Rs 39

New Delhi :  Commercial gas cylinder becomes expensive, Oil marketing companies have increased the price of 19 kg commercial LPG gas cylinders by Rs 39, effective from today. After the increase, the retail sales price of a 19 kg commercial LPG cylinder in Delhi is Rs 1,691.50.  Earlier, on July 1, oil marketing companies reduced.