Business news

Onion prices drop in major cities after retail selling at subsidised rate: Centre

Government Initiative Leads to Drop in Onion Prices

The Indian government has recently announced a significant decrease in onion prices in major cities. This drop is attributed to the government's initiative of selling onions at a subsidised rate through retail outlets. The initiative, which began on September 5, has had a noticeable impact on the cost of this staple food item in major urban areas.

Sep 15, 2024

Sensex trades lower, ITC and HUL top losers

Sensex down 200 points, ITC, Asian Paints and HUL top losers

Indian frontline indices opened lower on Friday due to heavyweights like ITC, HUL, Asian Paints and M&M falling the most.

Sep 13, 2024

Stock Market: Sensex, Nifty close at all-time high, led by metal and auto shares

Indian equity indices closed in the green on Thursday led by metal, auto and banking stocks.

Sep 12, 2024

Adani Ports to develop berth at Gujarat's Kandla Port for multi-purpose cargo

Adani Ports Set to Build New Multi-Purpose Cargo Berth at Kandla Port, Gujarat

Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday announced it will develop a multi-purpose berth at Kandla Port in Gujarat.

Sep 11, 2024

Sensex snaps 3-day losing streak on rebound in FMCG and Pvt Bank shares

Sensex trades flat amid weak global cues, with 69 points up

Nifty midcap 100 index was up 291 points or 0.49 per cent at 59,330 and Nifty smallcap 100 index was up 88 points or 0.46 per cent at 19,405.

Sep 11, 2024

Power demand in India declines for 1st time in 15 months, hydro gains steam

Peak power demand in India is estimated to have declined to 217 GW in the month of August compared with 238 GW a year earlier which was the second-highest level recorded in fiscal 2024, a report showed on Tuesday.

Sep 10, 2024

Sensex snaps 3-day losing streak on rebound in FMCG and Pvt Bank shares

Indian equity indices closed higher on Monday, snapping its three-day losing streak following a rally in FMCG and private bank stocks.

Sep 9, 2024

India's Beauty Market Set to Outpace Global Giants

India is on track to become a global powerhouse in the beauty and personal care market, surpassing other major markets such as China, the US, Japan, and South Korea. A report by online beauty and fashion marketplace Nykaa predicts a growth rate of 10-11% by 2028, taking the market value to $34 billion, a significant leap from the current $20 billion.

Sep 6, 2024

1st consignment of Indian pomegranates reaches Melbourne from Mumbai

First consignment of Indian pomegranates reaches Melbourne from Mumbai

The first consignment of Indian pomegranates from Mumbai to Melbourne in Australia has been successfully facilitated, the Agricultural and Processed Food Products Export Development Authority (APEDA) informed on Thursday.

Sep 5, 2024

Sensex closes 151 points down, Reliance and Tata Motors top losers

Indian frontline equity indices closed in the red on Thursday due to heavyweights like Reliance, Tata Motors and Nestle losing the most in the Sensex.

Sep 5, 2024

IPO-bound Swiggy clocks Rs 2,350 crore net loss in FY24

Zomato's rival Swiggy, set for its initial public offering (IPO) posted Rs 2,350 crore in net loss in the last fiscal year (FY24).

Sep 5, 2024

Sensex closes flat, ICICI Bank and Bajaj Finserv top gainers

Indian equity indices closed flat on Tuesday amid mixed global signals and the absence of significant new catalysts.

Sep 3, 2024

Sensex closes above 82,500 points for first time ever

Indian equity indices closed at a record high on Monday following a positive sentiment in the market.

Sep 2, 2024

Sensex opens at all-time high on positive global cues

Indian equity frontline indices opened at an all-time high on Monday following a rally in the US market.

Sep 2, 2024

Telecom Regulatory Authority of India (TRAI)

Digital Bharat Nidhi: A Leap Towards Democratizing Telecom Services

The Indian government has launched 'Digital Bharat Nidhi', replacing the Universal Service Obligation Fund, to democratize telecom services. The initiative aims to improve telecom services in underserved areas and promote innovation in the sector.

Sep 2, 2024