Nifty closes above 25,000 for second straight session
Mumbai, Aug 27 – Indian equity indices closed flat on Tuesday due to mixed global sentiments. At closing, Sensex was at 81,711 with a slight gain of 13.65 points and Nifty closed at 25,017 with a gain of 7 points. It is the
IMF approves $820 mn disbursement to Egypt
Cairo, Aug 27 – The International Monetary Fund (IMF) approved a disbursement of US$820 million to Egypt as part of an 8 billion-dollar loan program. The IMF on Monday said macroeconomic conditions in Egypt have improved since the program’s first and second reviews
Sensex trades flat on mixed global cues
Mumbai, Aug 27 – Indian equity indices opened flat on Tuesday following mixed cues from the global market. At 9.40 a.m., Sensex was down 67 points or 0.08 per cent at 81,631 and Nifty was down 35 points or 0.14 per cent at
S. Korea, CEPI discuss ways to bolster investment in local bio firms
Cupertino (California), Aug 27 – Apple has appointed Indian-origin Kevan Parekh as its new Chief Financial Officer (CFO) who will also join the the executive team at the tech giant. Current CFO Luca Maestri will transition from his role on January 1, 2025,
PLI booster: Apple ecosystem to create 5-6 lakh jobs in India
New Delhi, Aug 27 – Riding on robust local production as iPhone manufacturing plants in India continue to create new export records each month, Apple is all set to create 5-6 lakh jobs (direct and indirect) in the coming 1-2 years. As iPhone
Are Russians falling out of love with vodka?
Moscow, Aug 23 – It is the alcoholic beverage most stereotypically identified with Russia, but vodka seems to be losing its charm for the people of the country, with its share of the domestic market in 2024 plunging to single-digit figures, as per
India’s $30 billion creative industry employs 8 pc of working population: Hardeep Puri
New Delhi, Aug 24 – The creative industry in India now stands at $30 billion, responsible for the employment of nearly 8 per cent of the country’s working population, Union Petroleum Minister Hardeep Singh Puri has said. Minister Puri stressed that with creative
India aspires to grab 10 pc share of all 6G patents in next 3 years
New Delhi, Aug 24 – India can achieve a share of 10 per cent of all 6G patents along with one-sixth contributions to global standards in the next three years, a government-led panel has stressed. The country has already launched various initiatives like
US rate cut announcement: Indian markets set to respond positively
Mumbai, Aug 24 – Buoyed by positive US economic data and other global cues, the Indian stock markets continued their recovery rally this week. With the US government now confirming a rate cut (most likely in September), domestic markets are anticipated to respond
Federal Reserve & FOMC
By: YBB Personal Finance The US Central Bank structure & operations are complicated. The Federal Reserve Act (1913) made the FEDERAL RESERVE (the Fed) the US Central Bank. Unlike most central banks, the Fed has a DUAL MANDATE for controlling inflation & unemployment.
Mumbai clocks 2nd highest prime property price rise on global index in April-June
Mumbai, Aug 23 – The financial capital recorded a significant increase on the international index in the second quarter this year — ranking second in terms of annual price growth as a reflection of the surge in residential demand in the city, especially
1 out of 4 millennials in India experiencing burnout, firms need to evolve: Report
Mumbai, Aug 23 – As companies in India strive to engage and retain millennials at the workplace, one in four from this dynamic generation are experiencing burnout, highlighting the urgent need for organisations to create environments that promote their well-being, a report showed
Sensex, Nifty trade flat amid mixed global cues
Mumbai, Aug 23 – Indian equity indices opened flat on Friday following mixed cues from global markets. At 9.43 a.m., Sensex was down 129 points or 0.16 per cent at 80,923 and Nifty was down 21 points or 0.09 per cent at 24,789.
Unmatched speed of realme 13+ 5G revolutionises mid-range smartphone gaming experience
New Delhi, Aug 23 – In the rapidly advancing smartphone industry, users in the mid-price segment have been seeking devices that deliver exceptional performance, particularly for gaming applications. However, many have found the current offerings lacking, with issues ranging from inadequate performance to
SEBI bars Anil Ambani, 24 others from capital market for five years
Mumbai, Aug 23 – Market regulator Security and Exchanges Board of India (SEBI) has barred Anil Ambani and 24 other entities from the capital market for five years, restraining the businessman from being associated with any listed company. SEBI barred the industrialist and
Ambuja Cements’ stock gains after promoter entity sells stake worth Rs 4,198 cr
Mumbai, Aug 23 – The shares of Ambuja Cements, part of the diversified Adani Portfolio, gained in morning trade on Friday after a promoter entity likely divested Rs 4,197.8 crore worth stock at the floor price. Holderind Investments, a company owned by billionaire
Nestle appoints Laurent Freixe as CEO, replaces Mark Schneider
New Delhi, Aug 22 – Swiss conglomerate Nestle S.A. on Thursday appointed veteran executive Laurent Freixe as the CEO of the company, effective September 1, as Mark Schneider leaves the food and beverages multinational. The company has also nominated Freixe as a candidate
LinkedIn appoints Kumaresh Pattabiraman as Country Manager, Product Head in India
New Delhi, Aug 23 – Microsoft-owned professional networking platform LinkedIn on Friday announced it has appointed Kumaresh Pattabiraman as new Country Manager and Product Head in India. With over 135 million members, India stands as LinkedIn’s second-largest and fastest-growing market. In a post,
Ambuja Cements’ stock gains after promoter entity sells stake worth Rs 4,198 cr
Mumbai, Aug 23 – The shares of Ambuja Cements, part of the diversified Adani Portfolio, gained in morning trade on Friday after a promoter entity likely divested Rs 4,197.8 crore worth stock at the floor price. Holderind Investments, a company owned by billionaire
Committed to advancing India’s EV ecosystem, fostering local manufacturing: Minister
New Delhi, Aug 23 – The government is committed to advancing India’s electric vehicle (EV) ecosystem, fostering local manufacturing and promoting sustainable growth, Union Minister for Heavy Industries and Steel, H.D. Kumaraswamy, has said. During a post-budget webinar in the national capital, Kumaraswamy