Indian exporters are grappling with significant liquidity challenges due to high interest rates and a decline in export finance, which are undermining their competitiveness, according to Sanjay Budhia, Chairman of the CII National Committee on EXIM. To address these issues, he said, the government and banks must work together to provide effective solutions. Mr. Budhia … Read more
Drugmaker Wockhardt on Thursday announced Central Drugs Standard Control Organization (CDSCO) approval for use of its new generation oral antibiotic Miqnaf (Nafithromycin) in the treatment of community-acquired bacterial pneumonia (CABP) in adults. Miqnaf is an ultra-short course, once-a-day, three-day treatment for CABP, including those caused by multi-drug resistant (MDR) pathogens. The approval follows a … Read more
With banks now reducing their credit-to-deposit (CD) ratio and minimising their exposures to unsecured retail and non-banking financial companies (NBFCs), credit rating agency ICRA has revised its credit growth estimates for the banking sector downwards to 10.5-11% for FY25 from its earlier estimate of 11.6-12.5%. Now it has projected credit growth at 9.7-10.3% for … Read more
The Zee Entertainment Enterprises Limited (ZEEL) and its top management are under SEBI scrutiny for alleged violations of disclosure norms and initially a show cause notice was issued to them in July 2022. File | Photo Credit: Reuters Markets watchdog Securities and Exchange Board of India (SEBI) on Thursday (January 2, 2025) said it will … Read more
HMT plans to increase exports threefold to ₹12 crore a year in the next three years. | Photo Credit: Sudhakara Jain Shipping rates are an inhibiting factor so far as the competitive character of HMT goods in the overseas export markets is concerned, according to Dr. S.M. Patil, Chairman of HMT. On January 2, Dr. Patil … Read more
Image for representative purposes only | Photo Credit: Reuters The rupee depreciated 9 paise to close at 85.73 (provisional) against the U.S. dollar on Thursday (January 2, 2025), as strong dollar demand from importers and foreign fund outflows dented investor sentiments. Forex traders said the dollar gained against most currencies during 2024 and continued to … Read more
A bronze statue of a charging bull inside the premises of the Bombay Stock Exchange (BSE) in Mumbai. File photo | Photo Credit: REUTERS Benchmark equity indices Sensex and Nifty climbed in initial trade on Thursday (January 2, 2025) amid buying in frontline IT and bank stocks. The 30-share BSE benchmark Sensex climbed 242.95 points … Read more
Officials said that lowest visibility of 50 metres was reported between 5.19 a.m. and 7.40 a.m. on January 2, 2025. | Photo Credit: File photo A thick layer of fog engulfed the Kempegowda International Airport (KIA) on January 2 leading to the delay of eight flights in Bengaluru. BIAL officials said that eight outbound flights, … Read more
Hopes of a recovery in the manufacturing sector took a fresh hit as factory activity levels in India’s private sector stumbled to a 12-month low in December. File | Photo Credit: Reuters Hopes of a recovery in the manufacturing sector took a fresh hit as factory activity levels in India’s private sector stumbled to a … Read more
Representational image only. File | Photo Credit: Reuters Maruti Suzuki India Limited on Wednesday (January 1, 2025) reported 30% rise in total wholesales at 1,78,248 units in December 2024 as compared to 1,37,551 units in the same month a year ago. “Overall domestic sales, including that of light commercial vehicles and supplies to Toyota Kirloskar … Read more