- Business
- November 6, 2024
US elections 2024: Bitcoin hits all-time high of $75k as Trump maintains lead
Trump trade drive Bitcoin: Bitcoin, the biggest cryptocurrency by market capitalisation, has surged to a record high during the Asian trading hours as investors anticipate Donald Trump winning the US presidential election. In the last 24 hours, the king crypto has surged more than 10 per cent breaching past the 75,200 mark. Other key cryptocurrencies such as Ethereum, Solana, BNB, XRP, and Dogecoin have…
- Business
- November 6, 2024
FOMC meeting November 2024: Further rate cuts? What will Jerome Powell’s decision mean for India?
The US Federal Open Market Committee (FOMC) is set to meet on Wednesday and is expected to make an announcement regarding federal rate changes on Thursday. The November 2024 FOMC Meet headed by Fed chair Jerome Powell is crucial given that it coincides with the election frenzy surrounding the US Presidential Polls 2024. In its previous meeting, the FOMC had cut rates by…
- Business
- November 5, 2024
US Stock Market: Wall Street Ticks Higher on Election Day
New York: US stock indexes are ticking higher Tuesday as voters head to the polls on the last day of the presidential election. US Stock Market The S&P 500 was up 0.4 per cent in early trading, inching closer to its record set last month. The Dow Jones Industrial Average was up 66 points, or 0.2 per cent, as of 9.35 am Eastern…
- Business
- November 5, 2024
Govt launches Phase-II of subsidised wheat flour, rice sale under Bharat brand
Subsidised food: The government on Tuesday launched phase-II retail sales of wheat flour and rice under the Bharat brand at subsidised rates to provide relief to consumers from high prices. Wheat flour (atta) will be sold at Rs 30 per kg and rice at Rs 34 per kg in 5kg and 10kg packets through cooperatives NCCF, Nafed and Kendriya Bhandar and e-commerce platforms. “This…
- Business
- November 5, 2024
Swiggy seeks valuation of $11.3 bn; IPO to open on Wednesday
Swiggy IPO: Food delivery and quick-commerce major Swiggy, which is coming out with its initial public offering (IPO) on Wednesday, is seeking a valuation of about $11.3 billion. The Bengaluru-based company is aiming to garner Rs 11,327 crore from the IPO, which will comprise a fresh issue of shares worth Rs 4,499 crore along with an offer for sale (OFS) of Rs 6,828 crore.…
- Business
- November 4, 2024
Gold Drops Rs 1,300 to Rs 81,100 Per 10 Gm; Silver Plummets Rs 4,600
New Delhi: Gold prices retreated from record high in the national capital on Monday, declining Rs 1,300 to Rs 81,100 per 10 grams following fresh selling by stockists and retailers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had traded flat at Rs 82,400 per 10 grams — its all-time high — on Thursday. Silver also…
- Business
- November 3, 2024
India Expects 48 Lakh Weddings in Next Two Months, May Generate ₹6 lakh crore business
New Delhi: According to Confederation of All India Traders (CAIT)India expects 48 lakh weddings in the next two months, may generate ₹6 lakh crore in business. As compared to last year’s 35 lakh marriages, which generated ₹4.25 lakh billion, this year’s season shows significant rise, mainly due to a surge in auspicious marriage dates. Big Fat Indian Wedding Season which is predicted to…
- Business
- November 1, 2024
Delhi: Festival Season Vehicle Sales Set New Record
New Delhi: The festival season vehicle sales have set a record with over 86,000 new vehicles being registered with the transport department of Delhi government ahead of Diwali , officials said on Friday. According to the official figures, more than 86,000 new vehicles were registered with the transport department last month up to October 30, earning a revenue of Rs 366 crore in…
- Business
- November 1, 2024
Adani Slashes Power Supply to Bangladesh by Half Over Outstanding bills: Report
Dhaka: India’s Adani Power Jharkhand Limited (APJL), a wholly-owned subsidiary of Adani Power, has slashed half of its power supply to Bangladesh because of outstanding bills of USD 846 million, according to a local media report on Friday. Adani Power Supply to Bangladesh Data from Power Grid Bangladesh PLC showed the Adani plant reduced supply on Thursday night, The Daily Star newspaper said.…
- Business
- November 1, 2024
GST Collection Grows 9 Percentage to Rs 1.87 Lakh cr in Oct
New Delhi: Gross GST collection in October month grew 9 percent to over Rs 1.87 lakh crore on higher revenues from domestic transactions. GST Collection in October The Central GST collection stood at Rs 33,821 crore, State GST at Rs 41,864 crore, Integrated IGST at Rs 99,111 crore and cess at Rs 12,550 crore. The total gross Goods and Services Tax (GST) revenue…
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