Business news – News Express

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‘Congratulations Donald Trump’: Gautam Adani says his group will invest $10 billion in US energy, infra projects – Times of India

adminNovember 13, 202405 mins

NEW DELHI: Indian industrialist and Adani Group Chairman Gautam Adani congratulated President-elect Donald Trump on Wednesday and announced a $10 billion investment commitment in US energy security and infrastructure projects.Sharing a post on X, Adani said: “Congratulations to Donald Trump. As the partnership between India and the United States deepens, the Adani Group is committed…

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What is weighing down stock market: Key factors behind the decline – Times of India

adminNovember 12, 202406 mins

The stock market on Tuesday ended in red as NSE benchmark Nifty50 closed at 23,883.45 with a drop of 257.85 points or 1.07 per cent. Sensex also traced a similar path ending at 78,675.18 with a decline of 820.97 points or 1.03 per cent.The early market presented a ray of hope as benchmark indices saw…

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Stock market today: Sensex gains 150 points, Nifty holds at 24,200 – Times of India

adminNovember 12, 202402 mins

NEW DELHI: Indian equity markets gained ground on Tuesday, with the BSE Sensex rising by 148.80 points, or 0.19%, at 79,644.95, while the Nifty50 advanced 69.05 points, or 0.29%, at 24,210.35. The upward trend followed a cautious start to the week on Monday when global cues, foreign institutional investor (FII) selling, and muted quarterly earnings…

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Rupee may depreciate 8-10% during 2nd Trump presidency, says SBI report – Times of India

adminNovember 11, 202404 mins

The State Bank of India, in its latest report, has revealed that the rupee could undergo a depreciation of 8 per cent-10 per cent against the US dollar with Trump’s return to power, even as the local currency recorded an all-time low of 84.38 on Monday.SBI’s report, titled US Presidential Election 2024: How Trump 2.0…

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Indian fuel exports to EU jump 58% – Times of India

adminNovember 11, 202401 mins

NEW DELHI: India’s export of fuels like diesel to the European Union jumped 58% in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a report. The EU/G7 countries in Dec 2022 introduced a price cap and an embargo on the imports of Russian…

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Coal import up 8% to 140.6 MT in April-Sept – Times of India

adminNovember 11, 202402 mins

NEW DELHI: India’s coal import rose by 7.8% to 140.60 million tonne (mt) in April-September of the current financial year. Coal import was 130.34 mt in the year-ago period, according to data compiled by B2B e-commerce company Mjunction Services Ltd.Overall, coal import demand is likely to remain modest due to the healthy stock position and…

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Govt gets Rs 3,449 crore from Hind Zinc OFS – Times of India

adminNovember 11, 202401 mins

NEW DELHI: Government has raised Rs 3,449 crore through offer-for-sale in Hindustan Zinc by selling about 1.6% stake. Through the two-day OFS on Nov 6-7, government had proposed to sell nearly 5.3 crore shares, or 1.25% stake, with a greenshoe option to retain additional subscriptions of a similar amount. government has raised Rs 3,449.2 crore…

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Bitcoin hits $80,000 for first time on Trump optimism – Times of India

adminNovember 11, 202401 mins

Bitcoin rallied past $80,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers. The cryptocurrency climbed as much as 4.7% to an unprecedented $80,092 on Sunday. Trump vowed on the campaign trail to put the US at the centre of the digital-asset…

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India to back Brazil for consensus at G20 meet amid geopolitical tensions – Times of India

adminNovember 11, 202405 mins

India’s G20 Sherpa Amitabh Kant NEW DELHI: India will throw its weight behind Brazil to forge a consensus at the G20 leaders meeting next week against the backdrop of growing geopolitical tensions and New Delhi will press for progress on issues linked to debt, climate and gender, a top official said on Sunday.“We will do…

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Deposit rates at peak, RBI cut likely in Feb: SBI chief – Times of India

adminNovember 11, 202404 mins

MUMBAI: Even as SBI’s deposit rates have peaked, C S Setty, chairman of the country’s largest bank, expects RBI to cut interest rates by a moderate 25 basis points only in Feb 2025. SBI aims to grow its deposits by differentiating itself on services available and offering premium services to those with a total relationship…