Business

October 11, 2024 8:35 PM October 11, 2024 8:35 PM

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India’s industrial production contracts 0.1 per cent in August 2024

The Index of Industrial Production (IIP) in India witnessed a contraction of 0.1 percent in August which was 4.7 percent in the month of July, as per data released by the Ministry of Statistics and Programme Implementation on Friday. The estimates of IIP for August 2024 stood at 145.6 in comparison ...

October 11, 2024 8:19 PM October 11, 2024 8:19 PM

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Income Tax Department collects over Rs 13.57 lakh crore as direct tax for FY 2024-25

The Income Tax Department has collected over 13.57 lakh crore rupees as direct tax for the financial year 2024-25 so far. The collection includes personal income tax of over seven lakh crore rupees and corporate tax of over six lakh crore rupees. The department has also issued refunds of over 2.31 l...

October 11, 2024 4:35 PM October 11, 2024 4:35 PM

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Sensex declines 230 points, Nifty settles at 24,964

Domestic benchmark indices ended lower in a range-bound trading session on Friday. The Sensex declined 230 points, or 0.2 percent, to close at 81,381 and the Nifty ended with marginal loss of 34 points, or 0.1 percent, to settle at 24,964.   In the Global Crude Market, Brent Crude was trading 0.77 p...

October 11, 2024 1:45 PM October 11, 2024 1:45 PM

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Mahadev Betting App promoter Sourabh Chandrakar arrested by authorities in Dubai

Sourabh Chandrakar, one of the main promoters of the Mahadev Betting App, was arrested by authorities in Dubai today. Chandrakar, the alleged kingpin of the Mahadev betting app scam, was arrested following a Red Corner Notice issued by the Enforcement Directorate last year. According to the sources,...

October 10, 2024 6:08 PM October 10, 2024 6:08 PM

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Oil prices rise as fuel demand surges after Hurricane Milton’s landfall in Florida

Oil prices rose today amid a surge in fuel demand following the landfall of Hurricane Milton in Florida. In the global crude market, Brent crude was trading 1.07 per cent up at 77 dollars and 40 cents per barrel and the U.S. West Texas Intermediate (WTI) was trading 1.1 per cent up at 74 dollars and...

October 10, 2024 6:06 PM October 10, 2024 6:06 PM

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Indian rupee closes marginally lower at 83.97 against US dollar

In the Forex market today, the Indian rupee ended marginally lower at 83 rupees 97 paise against the US dollar. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, is trading at 102.91 in intra-day trade.

October 10, 2024 6:04 PM October 10, 2024 6:04 PM

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US stocks rise as S&P 500 and Dow Jones hit record closing highs

US stocks edged higher yesterday, with the S&P 500 and the Dow Jones Industrial Average hitting record closing highs following the release of Federal Reserve meeting minutes. The Dow Jones Industrial Average climbed 1.03 per cent, the S&P 500 advanced 0.7 per cent, and the Nasdaq Composite r...

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