Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, rose in trade on Tuesday. While BSE Sensex climbed up over 180 points to near 73,000 levels, Nifty50 was above 22,100. At 9:24 AM, BSE Sensex was trading at 72,833.90, up 58 points or 0.079%. Nifty50 was at 22,132.75, up 29 points or 0.13%.On…
April 2024 CPI Inflation: The Consumer Price Index (CPI) inflation for the month of April eased to 4.83%. The rural inflation was reported at 5.43% and urban inflation came in at 4.11%. The CPI inflation for the month of March 2024 stood at 4.85%. RBI’s Monetary Policy Committee has a CPI inflation target of 4%,…
SBI jobs: In the upcoming fiscal year 2025, State Bank of India (SBI) is aiming to bring on board around 12,000 fresh faces. According to SBI chairman Dinesh Khara, 85% of the 12,000 new recruits expected to join the bank in FY25 are engineering graduates. As per an PTI report, Khara has said that the…
India’s Chabahar port pact to counter Pakistan, China: India is poised to enter into an agreement with Iran for the management of Chabahar Port for the next decade. This move, taking place amidst a busy election season, is seen as a significant geopolitical outreach to Iran with major regional implications.Reliable sources were quoted in an…
MUMBAI/HYDERABAD: Telangana govt’s free bus ride scheme for women has impacted Hyderabad Metro Rail‘s ridership, causing its promoter L&T to consider exiting the project. The metro project’s financials have been a concern for L&T, prompting it to list Hyderabad Metro as a non-core asset in its books from 2021. The metro ridership has fallen to…
NEW DELHI: Large public sector companies have spent a little over Rs 50,200 crore towards capital expenditure in April FY25 alone, which is nearly 6.5% of their full fiscal target of nearly Rs 7.8 lakh crore, an official said.The pace albeit is slower than Rs 54,177 crore capex spent in April FY24, about 7.3% of…
The Indian Institute of Technology Madras (IIT-M) has announced that it raised a record Rs 513 crore during the financial year 2023-24, marking more than double the amount raised in the previous year. As per an ET report, this increase came from alumni, corporations, and individual donors, showcasing the strong support for the institution’s mission…
Big achievement! India is on track to surpass Japan as the world’s fourth-largest economy by 2025, according to Amitabh Kant, India’s G20 Sherpa and former CEO of Niti Aayog. According to Kant, based on several positive macroeconomic indicators. India’s GDP currently ranks fifth, following the United States, China, Germany, and Japan, having overtaken the United…
PM Surya Ghar Muft Bijli Yojana set to create jobs! The government is preparing to train a workforce of 100,000 individuals in the installation and maintenance of solar panels to aid its initiative of assisting 10 million households in transitioning to solar energy.Sources familiar with the development told ET that the ministries of renewable energy…
BENGALURU: Ola founder and CEO Bhavish Aggarwal said that the company will move its workloads to its own cloud platform, Krutrim, as it plans to exit Microsoft‘s Azure within a week. Ola has been a customer of Microsoft since 2017.“Since LinkedIn is owned by Microsoft and Ola is a significant customer of Azure, we’ve decided…
