PRices would be driven by inflation ,middle east war and more Precious metals are expected to remain under pressure in the coming week, with investors weighing geopolitical uncertainty in the Middle East against upcoming inflation data and other economic indicators that could shape expectations for global interest rates, analysts said.The latest escalation between the US…
With populations ageing faster than the workforce, the WEF-Marsh report warns that age-based discrimination is pushing experienced workers out of jobs. Ageing populations across Organisation for Economic Co-operation and Development (OECD) economies are emerging as one of the biggest workforce challenges over the next two decades, with age-related discrimination threatening to wipe out nearly $500…
Namo Bharat trains are completing a journey between Delhi and Meerut in just under an hour, with maximum operational speeds of 160 kmph. A train travelling at 160 kmph is speeding up the transformation of cities around Delhi-NCR, and helping decongest the national capital, one semi-high speed journey at a time. The Regional Rapid Transit…
NSE Indices Limited announced the launch of Nifty500 Ahimsa Index based on ‘ethical’ practices NSE Indices Limited, the index services subsidiary of the National Stock Exchange (NSE), announced the launch of Nifty500 Ahimsa Index, a new thematic index that tracks companies from the Nifty 500 universe that align with the principles of “Ahimsa” or non-violence.The…
CHENNAI: Public sector lender Indian Bank is aiming to raise $2 billion through foreign currency non-resident (bank) (FCNR(B)) deposits. The move comes in the wake of the RBI withdrawing the interest rate ceiling on fresh FCNR(B) deposits with maturities of three to five years until Sept 30, 2026. The bank has seen a spurt in…
CHENNAI: Indian govt is set to establish its first dedicated marine export zones (MEZs) as special economic zones (SEZs) to strengthen the country’s seafood exports ecosystem, with investments of around $1 billion in integrated export infrastructure.The five MEZs, to be developed across coastal Tamil Nadu as a pilot initiative, will serve as integrated clusters comprising…
Chennai: Despite concerns over a deficient monsoon in several parts of the country, demand for tractors has remained resilient. Domestic tractor sales recorded strong double-digit growth in June on both a year-on-year and sequential basis. The robust performance also lifted first-quarter volumes, which rose 19% year-on-year, indicating that demand for farm mechanisation has so far…
BENGALURU: Delhi high court has listed hostel chain Zostel’s appeal against IPO-bound hospitality firm Oyo for hearing on Aug 12, while disposing of an interim application Zostel filed. The dispute stems from Oyo’s proposed acquisition of Zostel in 2015. The deal later fell through, triggering arbitration proceedings and litigation. Source link
MUMBAI: Both sensex and Nifty ended 1% higher respectively on Friday, extending gains for the second day, aided by a rally in heavyweights Reliance Industries, ICICI Bank and HDFC Bank, and positive global cues. Easing crude oil prices and buying in IT stocks propelled the rally. Sensex jumped 828 points to settle at 77,569. Source…
BENGALURU: India’s startup IPO pipeline gathered further momentum on Friday as manufacturing platform Zetwerk, furniture rental company Rentomojo and defence technology firm Tonbo Imaging received Sebi approval for their proposed public issues.According to sources, Zetwerk plans to raise Rs 4,000-5,000 crore through its IPO. Source link
