In a new twist to the Kirloskar Family dispute case, the Securities and Exchange Board of India (SEBI) has vide letter dated December 30, 2024 has asked Kirloskar Oil Engines Ltd. to disclose the Deed of Family Settlement (DFS) dated September 11, 2009, entered into amongst the members of the Kirloskar family in their personal … Read more
The Union Government’s fiscal deficit stood at about ₹8.5 lakh crore or 52.5% of the 2024-25 Budget estimates at the end of November, up from 46.5% a month ago. The fiscal gap was 6.6% below the April to November 2023 figures. The Centre’s capital expenditure grew 21% in November after a weak trajectory between April … Read more
Photo used for representation purpose only. | Photo Credit: The Hindu Output in India’s eight core infrastructure sectors that constitute about 40% of overall industrial production, grew at a four-month high pace of 4.3% in November, led by a 13% surge in cement, marking the sharpest rise in the key construction input’s production in well … Read more
A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: REUTERS Benchmark indices Sensex and Nifty ended lower in the final session of 2024 on Tuesday (December 31, 2024) amid persistent foreign fund outflows and weak trends in the global … Read more
More than 150 companies have set up their production units in Andhra Pradesh MedTech Zone in Viskahapatnam. | Photo Credit: File Photo Having played a key role in the supply of critical medical equipment across the country during the coronavirus pandemic, the Andhra Pradesh MedTech Zone (AMTZ) is flourishing as a centre of a global … Read more
The EU antitrust watchdog had warned that the deal threatened competition in the markets where the companies operate [File] | Photo Credit: REUTERS Chipmaker Nvidia has completed its acquisition of Israeli AI firm Run:ai, the startup said on Monday, following antitrust scrutiny over the buyout. The European Commission granted unconditional approval to Nvidia’s $700 million … Read more
An employee of a stock trading firm looking at a share price on his computer in Mumbai. File photo | Photo Credit: The Hindu Benchmark indices Sensex and Nifty declined in early trade on Tuesday (December 31, 2024) amid persistent foreign fund outflows, and weak trends in the global markets. Selling in IT stocks also … Read more
Image for representative purposes only | Photo Credit: Reuters The rupee dropped 9 paise to 85.61 against the U.S. dollar in early trade on Tuesday (December 31, 2024), weighed down by significant strengthening of the American currency in the overseas market and a muted trend in domestic equities. Forex traders said the rupee has been … Read more
For many low-and middle-income countries, remittances act as a major source of income. In 2024, India received an estimated $129.1 billion worth of remittances, the highest ever for a country in any year. Moreover, India’s share in global remittances was 14.3% this year, the highest such share since the turn of the millennium for any … Read more
Image used for representative purpose only | Photo Credit: Getty Images/iStockphoto The Reserve Bank of India (RBI) has asked the National Payments Corporation of India (NPCI) to develop a facility to allow customers using online fund transfer systems, RTGS and NEFT, to verify the name of the bank account to which money is being transferred … Read more