Economy Archives - Page 57 of 104

Economy

July 5, 2024 12:09 PM

Danish Ambassador H.E. Freddy Svane launches Oak Nature by Junckers in Delhi

Freddy Svane, the Ambassador at the Royal Danish Embassy in New Delhi launched “Oak Nature” by Junckers, Europe’s leading manufacturer of premium solid wood flooring for sports, residential, and commercial uses. The occasion also marked Juncker...

July 5, 2024 10:31 AM

IT firm Corporate Infotech secures Rs 240 crore contract under govt’s ‘GovDrive’ project

IT solutions provider Corporate Infotech on Friday said it has secured a contract worth Rs 240 crore under the government’s ‘GovDrive’ project to streamline the operations of nearly 50 lakh government officials. The Noida-based firm said in ...

July 5, 2024 10:19 AM

Sensex, Nifty open lower; HDFC Bank top loser

Indian benchmark indices opened on a weak note on Friday after reaching record highs the previous day. The Nifty 50 fell 0.45% to 24,193.05 points, while the Sensex declined 0.58% to 79,591.47 points as of 9:23 a.m. HDFC Bank lost 3%, dragging fina...

July 5, 2024 9:36 AM

Bitcoin slides to four-month lows, ether sinks 8%

Bitcoin sank to a four-month low on Friday and was on course for its worst weekly performance in a year, hurt by uncertainty over whether Joe Biden will remain the Democrats' U.S. presidential candidate and by worries about potential increases in cry...

July 4, 2024 11:06 PM

UK election brings few hopes or fears to cautious City of London

The UK financial sector is warming to Labour's pro-business overtures and pledges to provide stability and support, but many in the City remain wary it could be targeted to prop up Britain's stretched public finances further down the line. Under lea...

July 4, 2024 10:40 PM

Amit Shah to launch nano-fertilizer subsidy scheme for farmers in Gujarat

Union Home Minister and Minister of Cooperation Amit Shah is set to launch a significant agricultural initiative in Gujarat on July 6. The scheme will provide 50 percent assistance to farmers for the purchase of nano-fertilizers under the government'...

July 4, 2024 8:57 PM

Coal production up by 35 per cent in first quarter of the current fiscal

India's coal sector has reported significant growth in both production and dispatch during the first quarter of the financial year 2024-25, according to figures released by the Ministry of Coal on July 3. Coal production surged by 35 percent year-on...

July 4, 2024 7:58 PM

Union Minister Piyush Goyal announces 80% licensing fee concession for women entrepreneurs

Union Minister Piyush Goyal has unveiled significant fee concessions and safety measures for the petroleum and explosives sector during a Stakeholder Consultation in New Delhi. The event, organized by the Department for Promotion of Industry and Inte...

July 4, 2024 5:44 PM

India’s FMCG sector to see revenue growth of 7-9% in fiscal 2024: CRISIL

India's fast-moving consumer goods (FMCG) sector is set to experience robust growth in the fiscal year 2024, according to a recent report by rating agency CRISIL. The agency projects a revenue growth of 7-9% for the sector, driven by higher volumes, ...

July 4, 2024 5:07 PM

Sensex closes above 80,000 for first time, Nifty at 24,302

The BSE Sensex and Nifty continued their upward trajectory on Thursday, reaching fresh lifetime highs. The Sensex added 62 points, or 0.08 percent, to close at 80,049, while the Nifty gained 15 points, or 0.06 percent, to 24,302. Both benchmarks hit...

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