Tag: Economy

NSE tests E-voting solution for listed companies

Sensex, Nifty hit record high; rupee strengthens

India’s benchmark BSE Sensex on Wednesday shot up by over 128 points to 30,071.61 and Nifty scaled 9,343.15- both record high- in opening trades. High Foreign fund inflows and sustained buying by retail investors are the main reasons for the record high. The 30-share BSE Sensex rose as much as[Read More…]

'Good monsoon for central region, low in east, northeast and south'

India will see normal monsoon this year: IMD

Monsoon will be normal this year, predicted the Indian Meteorological Department (IMD) on Tuesday. The development comes despite lingering likelihoods of the unruly El Nino weather pattern that led to consecutive drought in 2014 and 2015. “India is in for a normal monsoon which will be good for agriculture and[Read More…]

Watch: Tribute to Indian farmers

Agriculture is the backbone of Indian economy.  Farmers contribute about 16% of the total GDP. Farmers, who work day and night to feed the nation, are the real warriors. Unfortunately, their trials and tribulations remain largely unattended. According to a report by National Crime Reports Bureau, farmers suicide account for[Read More…]

Renowned economist Kenneth Arrow dies at 95

The youngest winner of a Nobel prize for economics, Kenneth J. Arrow, passed away. He was 95, died on Tuesday at his home in Palo Alto, San Francisco. His theories on risk, innovation and the basic mathematics of markets have influenced thinking on everything from voting to health insurance to[Read More…]

Rupee continues its free fall, record low of 70.32 a dollar

Rupee strengthens to 67.42 against dollar

Indian rupee advances 5 paise to 67.42 against the dollar in early trade on Thursday as there was no let-up in the selling of the American currency by exporters and banks. The dollar, in turn, became weak globally, causing a hike in the Rupee value. But this was offset by fresh[Read More…]

Corporates welcome the new and ‘positive’ Union budget

The corporate and industries sectors embraced the new Union budget. They perceive it as a positive decision and booster to the rural economy as well as housing and infrastructure. The Federation of Indian Chambers of Commerce and Industries (FICCI) president Pankaj Patel described the budget as “directionally correct and fiscally[Read More…]

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