Business News Updates

At close, Nifty was down 0.83 per cent or 159.6 points at 19,122.2, while the Sensex tanked 522.82 points or 0.81 per cent to settle at 64,049.06.

Space, Science and Technology Minister Jitendra Singh, after unveiling the rocket, also inaugurated 'The MAX-Q Campus', the new headquarters of the start-up at the GMR Aerospace and Industrial Park at Mamidipally in Hyderabad. 

Japan is currently the third largest economy in the world next to the US and China.

In its letter to the government, Toyota’s India Country Head Vikram Gulati has stated that the 5 per cent differential favouring hybrids over petrol cars is insufficient given the reduced emissions and better fuel consumption hybrids offer.

Contrary to the usual trend of gold moving up significantly in the weaker dollar scenario, the safe haven status has assumed significance despite a strong dollar scenario, the report said.

According to data released by the Indian Bureau of Mines, the cumulative growth for the April-August 2023-24 period over the corresponding period last year, was 8.3 per cent.

As per the report, Suzuki is not only planning to make EVs in India but it will also export those to Japan as early as 2025. It also plans to sell to Europe where demand for EVs is strong.

Maruti's exports remained flat at 131,546 units in H1 FY24, while Hyundai and Kia cumulatively exported 125,352 units in H1 FY24. Maruti shipped 131,070 units in the same period last year.

The Nifty metal was down by 0.88 per cent. Market confidence has been negatively impacted by the Israel-Hamas conflict, FII outflows, and the poor Q2 earnings of major firms, he added.

As many as 91 fraudsters have been apprehended in connection with these cases.

A new aircraft livery, prominently showcasing vibrant shades of orange and turquoise was also introduced. 

"Restriction on export of Sugar (Raw Sugar, White Sugar, Refined Sugar and Organic sugar) is extended beyond October 31, 2023, till further order. Other conditions will remain unchanged," the directorate general of foreign trade (DGFT) said in a notification.

EPFO manages provident funds in India. Mandatory EPF registration for establishments with >20 employees; 12% salary contribution; 8.33% towards pension; tax benefits; lifetime pension (10+ years); up to 7 lakh insurance.

Bank Bachao Desh Bachao Manch, the said forum representing various sections of the civil society, in its communique to the RBI Governor, has sought appointment of independent IS auditors for all banks.

The IMF said India has been doing better for a while now and that India is, in fact, one of the growth engines in the world economy at this point.