Ambuja Cement to Gain from Merger with Sanghi and Penna, Says Adani
Ambuja Cements is set to strengthen its position in the cement industry by merging its recent acquisitions, Sanghi Industries and Penna Cement Industries. Under the leadership of Gautam Adani, the company acquired Sanghi in December 2023 and Penna in August…
Indian Rupee Falls to 84.86/$, Reaches New Low Due to Global Trends
The Indian rupee closed at a record low of 84.86 against the US dollar on Monday, falling nearly seven paise from its previous close of 84.79. Earlier in the week, the rupee hit an intraday low of 84.88 on Thursday…
“Stock Market Slumps: BSE Sensex Dips Over 800 Points; Nifty50 Falls Below 24,450”
Financial markets began the week on a cautious note as investors awaited the US Federal Reserve’s key interest rate decision. On Tuesday, Indian benchmark indices experienced a sharp decline for the second consecutive day, driven by weakness in major stocks…
“Over Rs 12 Lakh Crore Loans Wiped Off in 10 Years, 50% by PSU Banks in Recent Years”
MUMBAI: Commercial banks in India wrote off loans amounting to Rs 12.3 lakh crore between FY15 and FY24, with public sector banks (PSBs) contributing 53% of this total, or Rs 6.5 lakh crore, in the last five years (FY20-24), as…
“Russian Oil Exports to India Tumble to Lowest Levels Since June 2022”
India’s Russian Crude Oil Imports Plunge 55% in November, Lowest Since June 2022 NEW DELHI: India’s imports of Russian crude oil dropped sharply by 55% in November, reaching the lowest level since June 2022, according to the Centre for Research…
JSW Gains Rs 4,000 Cr of Assets in the Rs 47,000 Cr Bhushan Steel Acquisition
ED Restores Rs 4,025 Crore Worth of Assets to JSW in Bhushan Steel Resolution Case In a significant development, the Enforcement Directorate (ED) on Saturday announced the return of assets worth Rs 4,025 crore to JSW, the successful resolution applicant…
Nandan Nilekani Urges India to Rethink Building a New Large Language Model
Nandan Nilekani reiterated his stance that India should not allocate resources towards developing another large language model (LLM). Responding to comments made by Google Research India’s Director Manish Gupta, who suggested that India could benefit from creating a foundation model,…
BSE Sensex Stumbles Over 200 Points, Nifty50 Dips Under 24,500 Mark
Stock Market Today: Sensex and Nifty Open in Red Amid Mixed Global Cues Indian equity benchmark indices, BSE Sensex and Nifty50, began Friday’s session on a weak note. At 9:17 AM, the BSE Sensex was trading at 81,080, down 210…
The Economic Balancing Challenge: New RBI Head Faces Rupee-Dollar Strain, Inflation, and Growth Dilemma”
MUMBAI: Sanjay Malhotra, the incoming Governor of the Reserve Bank of India (RBI), is set to tackle a complex mix of challenges as he takes charge. His key task will be to balance the delicate triad of economic growth, inflation…
“Stock Market Trends: BSE Sensex Opens with Little Change, Nifty50 Stays Above 24,600”
Stock Market Today: BSE Sensex and Nifty50 Open Flat; Nifty Holds Above 24,600 Amid Cautious Trading The Indian equity markets started Tuesday’s session with a flat opening, as benchmark indices showed limited movement in early trade. At 9:17 AM, the…