Business

January 16, 2025 6:53 PM January 16, 2025 6:53 PM

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ITPO showcases India’s growing prominence in global security & safety sector.

ITPO registers strong presence at Intersec 2025 in Dubai;  Intersec 2025, the world's leading trade fair for security, safety, and fire protection, concludes today at the Dubai World Trade Centre, marking another milestone in its 25-year legacy of advancing industry innovation. Building on the succe...

January 16, 2025 6:40 PM January 16, 2025 6:40 PM

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Asian & European markets end in positive territory

Major Asian indices logged gains today. Hong Kong's Hang Seng Index as well as South Korea's Kospi, both soared 1.21 percent each, Singapore's Straits Times index increased over 0.7 percent, Japan's Nikkei ended up by 0.33 percent and China's Shanghai Composite Index added almost 0.3 percent. Major ...

January 16, 2025 6:36 PM January 16, 2025 6:36 PM

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Rupee depreciates by 19 paisa to settle at 86.55 against US dollar

In the Forex market, the rupee today depreciated by 19 paise to settle at 86 rupees and 55 paise against the US dollar. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, is trading at 109.13 in intra-day trade.

January 16, 2025 5:47 PM January 16, 2025 5:47 PM

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India’s electronic export surges by over 35 percent campared to last year

India's electronics exports surged by 35.11 percent to a two-year high of 3.58 billion dollars in December 2024 from 2.65 billion dollars in the same month of the previous year, reflecting the increase in foreign demand for high-value Indian goods and rising domestic production capacities, data comp...

January 16, 2025 4:24 PM January 16, 2025 4:24 PM

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Sensex closes with gains

Benchmark domestic equity indices today continued their positive momentum amid favourable global cues. The 30-share index at the Bombay Stock Exchange, Sensex, advanced 319 points, to close at 77,043. Similarly, the National Stock Exchange Nifty-50 added 99 points, to settle at 23,312. Both the indi...

January 16, 2025 9:24 AM January 16, 2025 9:24 AM

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Hindenburg Research shuts down amid controversial Adani report

Hindenburg Research, known for short-selling activities, has been shut down by founder Nate Anderson. The decision comes amid the widespread controversial report on the India-based Adani group. Anderson did not cite a specific reason for the closure but said it's a personal decision and other member...

January 16, 2025 9:17 AM January 16, 2025 9:17 AM

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OPEC predicts robust oil demand growth in 2026

The Organization of Petroleum Exporting Countries (OPEC) has forecast the global oil demand will grow by 1.43 million barrels per day (bpd) in 2026. The organization maintained its forecast for global oil demand growth of 1.45 million bpd this year. In a report, OPEC said the prediction for next yea...

January 15, 2025 9:15 PM January 15, 2025 9:15 PM

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TRAI invites suggestions from stakeholders on Draft Telecommunication Tariff Order 2025

The Telecom Regulatory Authority of India (TRAI) today released the Draft Telecommunication Tariff Order, 2025, on the rationalization of Broadband Tariffs for Public Data Offices under the PM-WANI Scheme. This initiative is aimed at contributing to the broader objectives of the National Digital Com...

January 15, 2025 7:28 PM January 15, 2025 7:28 PM

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Oil prices up

Oil prices rose today, as the market focused on potential supply disruptions from sanctions on Russian tankers. Brent Crude was trading at 80 dollars and 18 cents per barrel gaining over 0.3 percent. WTI Crude also added over 0.4 percent to trade at around 77 dollars and 85 cents per barrel, accordi...

January 15, 2025 7:24 PM January 15, 2025 7:24 PM

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India’s trade deficit stands at 21.94 billion dollars in December 2024

India's trade deficit stood at 21.94 billion dollars in December 2024, down from November's revised 32.84 billion dollars. Ministry of Commerce and Industry data showed that Merchandise exports in December rose to 38.01 billion dollars from November's 32.11 billion dollars, while imports fell to 59....