Wholesale Price Index (WPI) of India rose to 2.61% in May 2024. This is the highest in 15 months since 3.85% in February 2023, after declining to 1.41% in March 2023. According to data released today by the Ministry of Commerce and Industry, the recent rise in WPI-based inflation is due to price increase in…
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India’s foreign exchange reserves rose by $4.37 billion to $655.817 billion in the week ended June 7, a record high. Stocks rose by $4.837 billion in the previous week to $651.51 billion. The previous high was $648.87 billion on May 10. Reserves have grown significantly in recent weeks. Foreign exchange holdings, a major component of…
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Indian stock price indexes opened higher today. In intraday trade, the BSE Sensex 30 rose 539 points to a record high of 77,145. The NSE Nifty rose 158 points to a record high of 23,481. The gains were driven by positive market sentiment, supported by strong gains in financial and IT stocks.
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India’s benchmark indices hit fresh highs shortly after opening today (June 10), driven by gains in Reliance Industries Ltd and Axis Bank Ltd. This surge came after Narendra Modi took oath as India’s prime minister for a third term on Sunday. The NSE Nifty 50 was up by 91.90 points or 0.39% at 23,382.05, and…
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The Reserve Bank of India has announced that the total value of ₹2000 banknotes in circulation has declined significantly to ₹7,961 crore as of April 30, 2024. This is a drastic reduction from ₹3.56 lakh crore on May 19, 2023, when the withdrawal of these high-denomination notes was first announced. The RBI reports that 97.76%…
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New Delhi, May 22 , 2024 : Low-cost carrier SpiceJet on Wednesday said it will seek refund of Rs 450 crore from Kalanithi Maran following a Delhi High Court order in favour of the Gurugram-based airline and its chairman Ajay Singh in long-standing share transfer case. “SpiceJet will seek a refund of Rs 450 crores…
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Mumbai, May 22 , 2024 : The BSE Sensex on Wednesday recovered 144 points at 74097.05 in the opening trade as buying was seen in power, real estate, and technology stocks. The National Stock Exchange (NSE) rose 26.40 points to 22,555.45. The NSE registered days high and low at 22,577.40 and 22,483.15 points, respectively. The…
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Hanoi, May 21 , 2024 : In a compelling discussion, NR Narayana Murthy, founder of Infosys, emphasized the critical role of employee empowerment in achieving business success. Speaking alongside Truong Gia Binh, Founder and Executive Chairman of FPT Group, Murthy shared insights on what truly motivates employees beyond financial compensation. “In my experience, money is…
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New Delhi , 19 May ,2024:India’s energy major, IndianOil, exportedits first-ever parcel of the superior 100 octane premium fuel, XP100from Jawaharlal Nehru Port Trust (JNPT), Nava Sheva, Navi Mumbai today.Tailored for premium high-end vehicles, XP100 is set to offer superior performance for its customers in Sri Lanka. This milestone of exporting XP100 to Sri Lanka…
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San Francisco, May 15 , 2024 : Google unveiled on Tuesday its latest innovations to its AI model series Gemini at the company’s annual developer conference Google I/O 2024. The company announced the private preview of a new version of Gemini 1.5 Pro, the company’s current flagship model, that can take in up to 2…
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