- Business
- November 10, 2024
India Economic Summit 2024: Top Voices To Discuss Viksit Bharat Blueprint At Republic Media HQ
The Republic Media Network is all set to host the 4th edition of the India Economic Summit on November 12, 2024, at its headquarters — the largest news center in Asia. The event will revolve around the theme “Viksit Bharat: Bullseye,” aiming to explore India’s economic potential and its goal of becoming a $50 trillion economy by 2047. The summit will feature leading policymakers,…
- Business
- November 9, 2024
MSMEs Will Get Collateral Free Loans of Upto Rs 100 Cr Through New Credit Assessment Model: FM
Bengaluru: Union Finance and Corporate Minister, Nirmala Sitharaman on Saturday said that the Ministry of Micro, Small and Medium Enterprises (MSMEs) will get collateral-free loans of upto Rs 100 crore through a new credit assessment model by PSU banks. Speaking at the National MSME Cluster Outreach Programme in Bengaluru, Sitharaman said that the grievances of MSMEs will be solved after the introduction of…
- Business
- November 7, 2024
Anil Ambani’s Reliance Power barred for three years from future tenders: SECI order – Details
SECI on Reliance Power: The Solar Energy Corporation of India (SECI) has issued a notice ordering a three-year ban on Anil Ambani’s Reliance Power, barring the company from any future tenders issued by the SECI. “Reliance NU BESS Limited, and M/s Reliance Power Limited (including its subsidiaries) stand debarred from participating in all the future tenders issued by SECI until 3 years from the…
- Business
- November 7, 2024
Jet Airways to be liquidated? Supreme Court rules on NCLAT order – Details
Jet Airways resolution plan: On Thursday, the Supreme Court has decided to sideline the mandate of the National Company Law Appellate Tribunal (NCLAT) that allowed the transfer of grounded air traveller Jet Airways’ ownership to the Jalan-Kalrock Consortium (JKC) under an approved resolution plan. The SC’s decision came in the view of the “peculiar and alarming” circumstance that the resolution plan has not been…
- 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…
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