MUMBAI: The rupee breached the 84/dollar mark for the first time Friday, settling at 84.06, down 12 paise from Thursday’s close of 83.94. Opening at 83.98, the currency touched an intraday record low of 84.07.The breach of the 84 level is significant as RBI had defended this threshold for over two months. Friday’s intervention marked…
NEW DELHI: About 193 companies, ranging from Reliance Industries, Larsen & Toubro, Maruti Suzuki, Jubilant FoodWorks and Eicher Motors, have offered over 90,000 internships through the PM Internship scheme portal, which opens to applicants on Oct 12 evening.As of Friday, 90,849 internship opportunities have been posted by 193 companies, including major private sector players, sources…
NEW DELHI: The country’s industrial output contracted for the first time in 22 months in Aug, dragged down by the high base effect and decline in mining and electricity and a weak manufacturing sector.Data released by the National Statistics Office (NSO) on Friday showed the index of industrial production (IIP) contracted 0.1% in Aug compared…
MUMBAI: India’s foreign exchange reserves declined for the first time in eight weeks, falling by $3.7 billion to $701.2 billion in the week ended Oct 4, according to RBI data. Despite the decline, reserves remained above the $700 billion level.The fall comes after reserves reached a record high of $704.9 billion in the week ending…
MUMBAI: Noel Tata, Ratan Tata’s half-brother, has been appointed chairman of the influential Tata Trusts, granting him indirect control over the $165-billion Tata Group, which operates in 100 countries, reports .Ratan, who chaired the Trusts for three decades, did not designate a successor. Noel, who is half-French and an Irish citizen, was already a trustee…
NEW DELHI: Noel Tata was appointed chairman of Tata Trusts on Friday, succeeding his half-brother Ratan Tata, who passed away on Wednesday at the age of 86, according to a CNBC report.Noel’s appointment is significant because Tata Trusts holds a 66% stake in Tata Sons, the holding company of the numerous firms under the Tata…
Technical analysis indicates that the Nifty has support at 24,950-25,000 and 24,750 levels. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Friday. While BSE Sensex was around the 81,500 level, Nifty50 was above 24,950. At 9:16 AM, BSE Sensex was trading at 81,518.82, down 93 points…
A 28-year-old software engineer, Baby, packed her bags, grabbed her 10-month-old daughter, and along with her husband, caught the first flight from Hyderabad to Mumbai on Thursday afternoon. Her purpose was to give her daughter a “darshan of Ratan Tata Sir,” the man she saw as a reflection of her own father, whom she lost…
NEW DELHI: The average monthly income of rural households witnessed an increase of nearly 58% over a five-year period, rising from Rs 8,059 in 2016-17 to Rs 12,698 in 2021-22, according to a survey released on Thursday.The second All India Rural Financial Inclusion Survey for 2021-22 conducted by National Bank for Agriculture and Rural Development…
NEW DELHI: Air India has converted an option for 85 Airbus aircraft – 75 single aisle A320 family & 10 twin aisle A350s – into a firm order. When the Tata Group had last Feb ordered 470 planes worth $70 billion at list price – it had got an option and purchase rights for 370…
