An employee of a stock trading firm looking at a share price on his computer. | Photo Credit: The Hindu Benchmark indices Sensex and Nifty ended flat in listless trading on Thursday (December 26, 2024) amid a lack of near-term triggers and unabated foreign fund outflows. The 30-share BSE benchmark Sensex dipped 0.39 points to … Read more
Image used for representative purpose only. | Photo Credit: Reuters The rupee stayed weak for the third straight session and fell 12 paise to settle at a fresh all-time low of 85.27 (provisional) against the U.S. dollar on Thursday, amid a strong greenback and rising crude oil prices. Forex traders said, increased month-end as well … Read more
The Reserve Bank of India (RBI) has announced that it has constituted a committee to develop a Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) in the Financial Sector. An announcement on this was first made on December 6 along with the monetary policy announcement. The committee will be led by Pushpak Bhattacharyya, … Read more
“Banks’ profitability rose for the sixth consecutive year in 2023-24 and continued to rise in H1:2024-25 with the return on assets (RoA) at 1.4 per cent and return on equity (RoE) at 14.6 per cent,” said the Report on Trend and Progress of Banking in India 2023-24. File. Representational Image | Photo Credit: Reuters Profitability … Read more
The Rupee’s earlier sharpest one-day fall of 68 paise was recorded on February 2, 2023. File | Photo Credit: Reuters The Rupee fell steepest in almost two years to hit its lifetime intraday low of 85.80 before a suspected Central bank intervention helped recover some of its losses and settled 23 paise lower at a … Read more
Photo used for representation purpose only. | Photo Credit: Sushil Kumar Verma The story so far: It has been what one may call, a bittersweet year for the economy, with a sweet first half, when growth surprised everyone, including the government. And a difficult latter half by the end of which the Reserve Bank of … 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 climbed in early trade on Friday (December 27, 2024) amid buying in bank stocks and a largely firm trend in the Asian markets. The … Read more
Mahindra Group Chairman Anand Mahindra. File | Photo Credit: ANI Mahindra & Mahindra Ltd. (M&M) on Saturday (December 28, 2024) said state tax authorities in Tamil Nadu initiated an inspection of records at one of the places of its business operations in Chennai. “Authorisation for inspection/search proceedings under CGST Act 2017 was issued by Additional … Read more
A man uses an umbrella as he walks past a Vodafone mobile phone store in Liverpool, Britain, October 8, 2024. | Photo Credit: Reuters U.K.-based Vodafone Group has cleared dues of around ₹11,650 crore or about 109 million pound that it raised against shares of Vodafone Idea, according to a regulatory filing. Vodafone Group had … Read more
Over the last few years, Greaves Cotton has successfully evolved from being a single-business, single-fuel company to a diversified, fuel-agnostic leader. Vice-Chairman Nagesh Basavanhalli shares his thoughts during an interaction withThe Hindu. Edited excerpts: Can you share insights into Greaves Cotton’s evolution The transformation of Greaves Cotton was driven by the imperative to future-proof our … Read more