BUSINESS
Nifty fell 2.2% in last three days amid profit booking at higher levels
Nifty continued its downward journey to close with a loss of 159 points (-0.8 per cent) at 19,742 levels, while Sensex plunged 570.60 points (-0.85 per cent) to settle at 66,230, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
Now Indian states can do direct power trade with Nepal
This agreement was reached during the 14th meeting of the Joint Technical Team ( JTT) on Wednesday in New Delhi, according to the Nepali side.
Biggest drag on Nifty will be more FII selling in response to rising dollar and US bond yields
The US GDP growth projection now stands at 2.1 per cent for 2023 and 1.5 per cent for 2024 recovering to 1.8 per cent in 2025. As the Fed chief said, “soft landing is a plausible scenario.”
India pips Switzerland to win bid for hosting global meet on chemistry of cement
India’s leading research and academic institutes, National Council for Cement and Building Materials (NCCBM) along with IIT Delhi successfully presented the country’s bid before the steering committee members of the conference during the ongoing 16th ICCC at Bangkok.
Onion wholesellers in Nashik go on indefinite strike to protest export duty hike
The hike in the export duty will make it difficult to export the vegetable and entails huge losses for the farming community, already reeling under a truant monsoon this year.
US govt hacking into Huawei servers since 2009, accuses China
According to Nikkei Asia, China's Ministry of State Security posted on its official WeChat account, revealing “key despicable methods by US intelligence agencies in cyberespionage and theft."
Bitcoin logs over 700K transactions in single day after almost 2 years: Data
According to the data presented by the analytics firm IntoTheBlock, the number of reported Bitcoin transactions increased to nearly 703,000, representing not only the highest number recorded in 2023, but also the highest transaction volume seen in nearly two years.
Hopeful of closing FY24 with Rs 1,200 cr revenue run rate: Licious
In a statement to IANS, Licious said that earlier this year, it turned operating margin profitable with "minimal cash burn at 8 per cent operating profit margin and 30 per cent product gross margin".
US Fed leaves interest rates unchangedUS Fed leaves interest rates unchanged
A paper on the economic projections released indicated another hike might be coming before the end of the year.
Govt to sell 4.9% stake in SJVN, share price fixed at Rs 69
The floor price has been fixed at Rs 69 per share which represents a 16 per cent discount from SJVN’s closing price of Rs 82.1 on Wednesday.
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