NSE and BSE will hold their Diwali Muhurat trading on Friday, November 1, 2024, from 6:00 PM to 7:00 PM. (AI image) Diwali Muhurat Trading 2024 Timings: Stock exchanges in India are closed for regular trading on Friday, that is on November 1, 2024, following Diwali celebrations on Thursday, with a brief window open for…
Bibek Debroy’s influence on India’s intellectual and economic development remains significant. Bibek Debroy, who served as Chairman of the Economic Advisory Council to India’s Prime Minister, passed away on Friday at 69 years of age. A distinguished economist, Debroy led significant policy initiatives, including the Finance Ministry’s expert committee focused on infrastructure development during ‘Amrit…
MUMBAI: The stock market ended Samvat year 2080 (that follows one of the Indian calendars) on Thursday on a negative note with the sensex down 553 points at 79,389 points, near its three-month low level. On the NSE, Nifty closed lower, at 24,205 points, down 136 points.The closing month of the year saw strong selling…
NEW DELHI: Big investors including Norway‘s sovereign wealth fund Norges and Fidelity have placed bids worth more than $15 billion in Swiggy’s India IPO, 25 times the $605-million portion reserved for such investors, four sources told Reuters on Thursday.Swiggy, a SoftBank-backed food and grocery delivery giant, will next week launch its $1.4-billion IPO that will…
BENGALURU: TPG Nambiar, founder of BPL and pioneer of India’s consumer electronics brand in the 1990s, passed away on Thursday at 95.Nambiar, who established BPL (earlier known as British Physical Laboratories) in 1963 in Kerala, wanted to create high-quality electronic products after he returned from his stints in the UK and the US. He is…
BENGALURU: Electronics firm British Physical Laboratories India (BPL) group founder and chairman emeritus TPG Nambiar has passed away on Thursday.Nearly 95, Nambiar is survived by his wife Thankam, son Ajit, daughter Anju, daughter-in-law Meena, son-in-law Rajeev Chandrasekhar, and grandchildren Shreya, Devika and Ved.“Shri TPG Nambiar Ji was a pioneering innovator and industrialist, who was a…
NEW DELHI: Indian rupee on Thursday closed near to a record low against the US dollar, which was recorded at at 84.0750 per dollar, nearly unchanged from its Wednesday close of 84.0775. Due to a public holiday, the Indian currency market will be closed on Friday.The rupee briefly touched an all-time low of 84.0950 on…
The index may reach 24,600-24,700 if it maintains above 24,500, with 24,070 as crucial support, says Hrishikesh Yedve of Asit C. Mehta Investment Interrmediates. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Thursday. While BSE Sensex was down over 100 points, Nifty50 was near 24,300. At…
NEW DELHI: India needs to create 10 million jobs annually to maintain an average 6.5% gross value-added growth, investment bank Goldman Sachs has estimated and suggested three policy focus areas to raise the country’s employment rate.The suggested three areas of focus include incentivising ‘affordable social housing’ development in the construction sector, diversifying locations of IT…
On October 31 (Thursday), banks will be closed in… Diwali 2024 bank holidays full list: The diverse traditions and customs in India lead to varying bank holidays during Diwali (Deepawali) across different states. Understanding the bank closure dates for Diwali in 2024 is essential for individuals, businesses, and tourists to effectively plan their financial transactions…
