Business

19 Sep

India’s trade deficit widens to nearly $30 billion, exports downfall by 9.3%

Priyanka RoyBusiness, latest

The Union Ministry of Commerce and Industry has released a data, according to which India's merchandise trade deficit has increased to $ 29.65 billion in August. According to the data, the trade deficit was $ 29.65 billion, while it was $ 23.5 billion in July and $ 20.98 billion in June.According to data released on Tuesday, India's merchandise exports in August fell 9.3 per cent to $34.71 billion from $38.28 billion in the same month last year. However, imports rose 3.3 per cent to $64.36 billion in August from $62.3 billion in the same month last year.Commerce Secretary Sunil Barthwal…

18 Sep

Wholesale inflation reduction for the second consecutive month to 1.31% in August

Priyanka RoyBusiness, latest

New Delhi: Wholesale inflation plunged for the second consecutive month to 1.31 percent in August due to cheaper vegetables, food articles and fuel, according to government data released on 17 sep.Inflation based on the Wholesale Price Index stood at 2.04 percent in July. In August last year, it was (-) 0.46 percent."The positive rate of inflation in August 2024 is mainly due to the expansion in prices of food articles, processed food products, other manufacturing, textile manufacturing and manufacturing of machinery and equipment, etc," the Ministry of Industry state in a statement.According to the data, inflation in food items stood…

18 Sep

The flim Sikaar’s music is directed by the music icon Zubeen Garg

Business BureauBusiness

Get ready for the most popular upcoming Assamese film 'Sikaar' . The flim Sikaar’s music is directed by the music icon Zubeen Garg . This movie is produced by London-based producer Sam Bhattacharjee and Mitra Bhattacharya, and scripted and directed by Debangkar Borgohain and Screen and Dialogue by Bishnujyoti Handiquy. This flim is going to be release in the theaters on 20th September 2024 . The story revolves around the lives of tea plantation workers, particularly women, who face unimaginable hardships and atrocities, and their unwavering spirit to overcome. Get ready to see heart throbbing Zubeen Garg in a never-seen-…

18 Sep

Agartala’s new FIH-certified hockey field set to boost local sports market

Business BureauBusiness

In a major boost to Agartala's sports infrastructure, the city has inaugurated its first FIH-certified hockey field. Developed under the Khelo India Scheme by the Agartala Sports Department in partnership with Gallant Sports, this cutting-edge facility is designed to meet international hockey standards. The project, which began in December 2023, faced significant challenges, including an uneven ground level. Gallant Sports meticulously addressed these issues to deliver a top-tier facility. Nasir Ali, CEO of Gallant Sports, highlighted the project's importance, stating, “This ground will not only serve as a training hub for future hockey stars but also inspire a new generation…

17 Sep

Bajaj Housing IPO: GMP downturn ahead of stock listing today; is it still a multibagger in the making?

Priyanka RoyBusiness, latest

Bajaj Housing Finance IPO was open for bidding between September 9-11, with shares offered in the price band of Rs 66-70 per share with a lot size of 214 shares.Shares of Bajaj Housing Finance are set to hit Dalal Street on Monday, September 16. The issue saw historic investor interest during the three-day bidding process, and is likely to be a multibagger listing on the stock markets. However, its premium has declined in the informal market recently.The grey market premium (GMP) on Bajaj Housing Finance shares before listing was Rs 73-75 per share, indicating a 104-105 per cent upside for…

16 Sep

Adani Power, Adani Green shares increase 6% on power supply pact with Maharashtra discoms

Priyanka RoyBusiness, latest

Adani Company shares, which were trading in the red last week as a result of the latest revelations by Hindenburg which claimed that funds linked to the company were frozen by Swiss authorities, have bounced back somewhat.Adani got a big dealThis is even more true in the case of Adani Green Energy and Adani Power shares. The company's shares rose more than 5 percent in the early hours of the intraday trading session on Monday. This development happened when Adani Energy received a letter of intent from Maharashtra State Electricity Distribution Company Limited for the supply of 6600 MW hybrid…

14 Sep

Oil India to invest Rs 25,000 crore to achieve net zero emissions by 2040

Priyanka RoyBusiness, latest

Oil India to invest Rs 25,000 crore for net zero emissions by 2040 The net zero plans will go hand in hand with the target of raising crude oil and natural gas production to 9 million tonnes of oil and oil equivalent gas per day by 2025-26 from 6.5 million tonnes produced in the financial year ending March 31, 2024.State-run Oil India Ltd Chairman Ranjit Rath on Saturday said the company plans to invest Rs 25,000 crore in clean energy projects to help it achieve net zero carbon emission target by 2040.OIL's net zero plan includes reduction of gas burning…

14 Sep

Maruti Suzuki announces Swift S-CNG: India’s most fuel-efficient hatchback

Business BureauBusiness

Maruti Suzuki India Limited (MSIL) launched the Epic New Swift S-CNG, boasting an industry-leading fuel efficiency of 32.85 km/kg, making it the most fuel-efficient hatchback in its segment. The new Swift S-CNG is available in three variants: V, V(O), and Z, with prices starting from ₹8.19 lakh (ex-showroom). With over 67,000 units sold within four months of its launch, the Swift S-CNG is expected to gain traction in the Agartala, where demand for fuel-efficient vehicles is growing, especially as CNG infrastructure expands in the region. “The Swift brand has always been synonymous with performance and style. The Epic New Swift…

14 Sep

Tata AIA ranks 6th globally with record MDRT advisors leading India in female advisors

Business BureauBusiness

Tata AIA Life Insurance has achieved a notable milestone by securing the 6th position in the global Million Dollar Round Table (MDRT) rankings for 2024. The company registered 2,584 MDRT-qualified advisors, marking a substantial 30.64% increase over the previous year. Tata AIA stands out in India for having the highest number of female MDRT advisors, with 1,238 qualifying, placing it 7th globally among firms with female members. MDRT is recognized as the benchmark for excellence in the life insurance and financial services sector, celebrating advisors who excel in client service and ethical standards. This accolade reinforces Tata AIA's commitment to…

12 Sep

Granules India shares decrease 16% after USFDA inspection concludes with 6 observations

Priyanka RoyBusiness, latest

Shares of Granules India tumbled over 16 per cent during intraday trading on Thursday, September 12, after the company announced that the inspection of its Gagillapur FD facility by the USFDA, conducted from August 26 to September 6, 2024, concluded with six observations.In response, the company issued a statement to reassure concerned investors, underscore its commitment to resolve the issues raised. "We acknowledge that many investors have sought clarifications, and we would like to assure them that we are actively addressing the comments and remain fully committed to resolving the issues raised," Granules India said in its stock exchange filing.The…