Rupee ends little changed, fall in oil prices counters decline in Asia FX
The Indian rupee ended little changed on Tuesday as the slump in crude oil prices offset the impact of weakness in Asian peers and dollar demand from foreign banks.
The Indian rupee ended little changed on Tuesday as the slump in crude oil prices offset the impact of weakness in Asian peers and dollar demand from foreign banks.
Tata Group will create 500,000 jobs in the next five years through investments in semiconductor, battery, and electric vehicle manufacturing. Tata Sons Chairman N Chandrasekaran emphasizes India's potential to become a human resource capital and the need to ensure quality in products, people, and ecosystems for achieving 'Viksit Bharat'.
India's Sensex and Nifty50 indices ended in the red on Tuesday, impacted by declines in Reliance Industries, financial, and IT stocks. September's high retail inflation could delay rate cuts, further dampening market sentiment. Major laggards included Bajaj Finance, Tata Steel, and Tata Motors.
The Election Commission has announced the dates for Jharkhand assembly elections, with the model code of conduct now in effect. The JMM-Congress alliance, led by Hemant Soren, will contest against the BJP. The current assembly term ends on January 5, 2025.
Leading commodity bourse MCX on Tuesday announced the launch of cotton seed wash oil futures. Each contract will have a trading unit of 5 tonne with a base value quoted in Rupee per 10 kg at Ex-Tank Kadi, Gujarat, MCX said in a statement.
Reliance Industries shares tumbled 2.3% after brokerages reduced target prices following weak Q2 results. Net profit declined 5% to Rs 16,563 crore, while revenue increased marginally to Rs 2.35 lakh crore.
Maharashtra will witness a fierce electoral battle on November 20 between Maha Vikas Aghadi and Maha Yuti Alliance. Key dynamics include Uddhav vs Shinde within Shiv Sena, and a split within NCP between Sharad and Ajit Pawar, with BJP leveraging these divisions.
Melania Trump, former First Lady of the United States, reveals her pro-choice stance on abortion and details her first meeting with Donald Trump in her new memoir, Melania. The book also addresses rumors about her son and includes personal anecdotes. It has achieved bestseller status on Amazon ahead of the 2024 presidential elections.
The government is scrutinizing whether quick commerce companies are complying with the Legal Metrology Act, which mandates key disclosures on packaged products. Consumer Affairs Secretary Nidhi Khare stated potential regulatory action could be taken against non-compliant firms. The investigation focuses on information such as price, expiration date, and manufacturer details amid the rise of ultra-fast grocery delivery services in India.
WhiteOak Capital's new fund focuses on high-quality businesses with strong ESG principles. The fund targets companies with sustainable returns, scalability potential, strong execution, and excellent corporate governance.
Commercial flight operations at the Maharishi Valmiki International Airport, Ayodhya Dham were launched earlier this year.
Employers in Germany's auto, electrical, and metal industries have proposed a staggered pay rise of 1.7% and 1.9% over 27 months, starting July 2025, falling short of the 7% rise demanded by IG Metall. The union, representing nearly four million workers, has threatened strikes during negotiations.
Solana, Rexas Finance, and Sui are set to revolutionize the blockchain sector. Solana's fast transactions, Rexas Finance's asset tokenization, and Sui's scalable architecture offer promising developments. These projects not only bring technological advancements but also promise substantial returns for investors in the coming years.
Indian Oil is partnering with EverEnviro Resource Management to create an equal joint venture for developing compressed biogas (CBG) plants. This collaboration aims to leverage their expertise to expedite CBG plant deployment across India. EverEnviro, founded in 2019, specializes in managing urban and agro waste streams.
Mirae Asset Mutual Fund has launched the Mirae Asset Gold ETF Fund of Fund, an open-ended scheme designed to provide long-term capital appreciation by investing in units of the Mirae Asset Gold ETF. The New Fund Offer (NFO) will be open for subscription from October 16 to October 22, with continuous sale and repurchase starting October 28.
India has dismissed Canada's claims of linking Indian agents with criminal gangs, stating that no credible evidence was shared in the Nijjar case. The diplomatic ties between the countries deteriorated after Canada accused India of covert operations, leading to the expulsion of diplomats.
The Bengaluru-based company, in an exchange filing, attributed the gain in market share to the popularity of its S1 scooter portfolio and its expanding service network. Ola aims to maintain this momentum through the festive season leading up to Diwali.
SBI Mutual Fund launches the SBI Nifty India Consumption Index Fund. The NFO opens on October 16 and closes on October 25. Minimum investment is Rs 5,000. The fund focuses on India's growing consumption market and is managed by Harsh Sethi. It offers an investment opportunity in sectors like consumer durables, retail, and e-commerce.
The Indian room air-conditioner industry is expected to grow by 20-25% in 2024-25, reaching 12-12.5 million units, driven by higher temperatures, increasing household demand, urbanization, disposable incomes, and consumer financing options. The government's PLI scheme is boosting localization in the industry.
VA Tech WABAG Ltd secured a Rs 1,000 crore order from Indosol Solar Pvt Ltd. They will set up a 100 million litre per day sea water desalination plant in Andhra Pradesh. The project will take 38 months to complete and includes a 15-year maintenance contract. This marks WABAG's entry into the Solar PV sector.
Here are some delicious low-fat snack ideas perfect for any party in India.