BUSINESS
Unemployment rate in rural areas falls to 2.4%, urban down to 5.4%: Survey
The report shows that in rural areas, the unemployment rate decreased from 5.3 per cent in 2017-18 to 2.4 per cent in 2022-23 while for urban areas it declined from 7.7 per cent to 5.4 per cent.
Mahadev Online Book app founders deny accusation of betting racket involvement
In their first statement since the controversy erupted, the duo expressed profound regret at being "wrongly accused and portrayed as masterminds of this operation".
Adani Group condemns Financial Times’ 'malicious' campaign to tarnish its global reputation
Continuing their relentless campaign, the next attack is being fronted by Dan McCrum of the Financial Times (FT), who jointly with the OCCRP put out a false narrative against the Adani Group on August 31, it said in a statement.
PSU bank stocks fall the most among sectoral indices
While BSE Sensex plunged 483 points to close at 65,512, Nifty declined 141 points to end at 19,512.
Nifty declines on fears of wider conflict between Israel and Hamas
Volumes on the NSE were the lowest in many weeks. Broad market indices fell more than the Nifty even as the advance decline ratio fell sharply to 0.28:1.
Set up manufacturing under PLI 2.0 for IT hardware, seize the India opportunity: ICEA
With a substantial budgetary outlay of more than $2 billion, the initiative heralds a significant pivot towards bolstering the IT Hardware manufacturing landscape in the country, ICEA said in a statement.
Insurtech startup Onsurity raises $24 mn led by IFC
Additionally, existing investors Nexus Venture Partners and Quona Capital also participated in the round.
Mundra Port celebrates 25 years of stellar operations, unparalleled growth
Since berthing its first ship, MT Alpha on 7 October, 1998, the port has consistently demonstrated a visionary approach, unwavering ambition and impeccable execution, positioning itself as one of the premier and technologically advanced ports on the global map.
Amazon, Flipkart begin festive season war as India looks at Rs 90K cr worth sales
Driven by about 140 million shoppers, online sellers, especially small ones, expect at least a 15 per cent jump in festive sales year-on-year, with the median growth figure of 26 per cent sales increase expected, according to market intelligence firm Redseer Strategy Consultants.
Markets at crossroads - the week to decide medium term direction
The broader markets saw BSE100 gain 0.05 per cent while BSE200 and BSE500 lost 0.10 per cent and 0.02 per cent respectively. BSEMIDCAP lost 0.81 per cent while BSE SMALLCAP was up 0.79 per cent. Very clearly the breadth is yet to move with the benchmark indices.
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