Nomura sees a stronger Indian rupee by December 2025 on the back of a weaker dollar index and strong inflows. According to Nomura, Indian Rupee will grow stronger against the US Dollar by the end of this year, owing to the current uncertainties in the global economy. Nomura is expecting the Indian Rupee to be […]
Man Infraconstruction Limited (MICL), a listed real estate developer, plans to launch an ultra-luxury project in Mumbai’s upscale Pali Hill locality in Bandra by December 2025. The project will be developed as part of the redevelopment of the Virgo Cooperative Housing Society, where Bollywood actor Aamir Khan owns multiple apartments. Mumbai real estate update: Man […]
India’s external debt has risen by 10.7% to reach USD 717.9 billion at the end of December 2024, up from USD 648.7 billion in December 2023, according to the latest data released by the Finance Ministry. On a quarter-on-quarter basis, the external debt increased by 0.7%, from USD 712.7 billion at the end of September […]
NEW DELHI: India has seen strong goods and services trade momentum in the Dec quarter, a report by UN body Unctad has said but cautioned that global trade could be hit by the policy shifts in the US and trade and geopolitical tensions.Besides, it has pointed to high duties faced by developing countries, limiting market […]
NEW DELHI: The total telephone subscriber base in India grew marginally to 1,189.9 million in Dec 2024, with Jio adding the highest number of subscribers in both mobile and fixed line segments, a Trai report released on Tuesday said. Reliance Jio grabbed 50.4% market share, Bharti Airtel 30.6%, and Vodafone Idea held 13.4% share of […]
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 […]
