MUMBAI: The Reserve Bank of India’s (RBI) intervention in the foreign exchange market to stabilise the rupee resulted in net sales of $15.2 billion in Dec 2024, latest data released by RBI on Wednesday showed. This was a drop of $5 billion from $20.2 billion in Nov 2024 when the then President-elect Donald Trump stoked […]
Unemployment rate in urban areas has dropped a tad in October-December quarter of 2024, data released by the Statistics Ministry on Tuesday showed. “Unemployment Rate (UR) in urban areas among persons of age 15 years and above decreased from 6.5 per cent during October-December, 2023, to 6.4 per cent during October-December, 2024,” said a statement […]
NEW DELHI: India’s industrial production growth slowed to a three-month low of 3.2 per cent in December 2024, mainly due to poor performance of mining and manufacturing sectors, according to official data released on Wednesday. The government has also revised the November 2024 industrial output figure to 5 per cent from the provisional estimate of […]
Toronto, Canada: A Settlement has been reached in the global class action (the “Class Action”) against Aphria and certain of its former officers and directors (“Individual Defendants”) announces Rochon Genova LLP. The Settlement requires Court approval at an upcoming hearing. The Class Action alleges that, between January […]
Mindteck (India) Limited (BSE: 517344 and NSE: MINDTECK), the global engineering and technology solutions company with niche knowledge and expertise in the storage, medical device, semiconductor and analytical instrument industries, reported its unaudited financial results for the third quarter ended December 31, 2024. The company’s consolidated revenue for the quarter stood at Rs. 104.02 crore […]
Micro, Small, and Medium Enterprises (MSMEs) across the manufacturing, trading, and service sectors reported an improvement in business performance during the October–December 2024 quarter, according to a survey conducted by the Small Industries Development Bank of India (SIDBI). Key findings indicate strong business confidence among MSMEs, particularly in the manufacturing sector, with optimism in sales, […]
Retailers reported 5 per cent growth impacted by inflationary pressures in December over same period last year , as per the latest survey by Retailers Association of India (RAI). The industry is now hoping for measures in the upcoming budget to boost consumption. The 57th Retail Business Survey, is for the period from 2 December 2024 […]
The US continued to be the top destination for India’s engineering goods exports in December 2024 while West Asia and North Africa (WANA) emerged as the top region for the first time, according to an analysis by EEPC India. While engineering exports have grown for eight consecutive months despite looming uncertainties, future prospects may be […]
India’s domestic air passenger traffic grew by over eight per cent in December 2024 on a year-on-year basis, official data showed on Wednesday. As per the data released by the Directorate General of Civil Aviation (DGCA), India’s scheduled domestic flight operators ferried around 1.49 crore passengers last month. In December 2023, the traffic number stood […]
TOKYO, Japan: The Tokyo Metropolitan Government has been hosting year-round projection mapping displays at the iconic Tokyo Metropolitan Government Building (No. 1 Building). These displays use light and sound to create vibrant and diverse works of art, transforming the landmark into a new tourism resource that illuminates Tokyo’s nightscape. The […]
