Economy

Mumbai: The Indian stock market opened in red on Thursday after the US Federal Reserve cut interest rates by 25 basis points, but warned that rate cuts may not come so easily in 2025 as anticipated earlier. As Fed’s focus moves towards maximum employment and price stability, the FOMC halved the number of rate cuts

New Delhi:  The production-linked incentive (PLI) scheme for automobile and auto components industry has achieved Rs 20,715 crore investment and Rs 10,472 crore incremental sales have been achieved (as of September), with the first incentive disbursement planned for FY2024-25, the government said on Thursday. According to the Ministry of Heavy Industries, out of 115 applications

New Delhi: The Indian rupee fell 18 paise to all-time low of 85.12 against the US dollar on the National Stock Exchange (NSE) over Federal Reserve’s hawkish commentary on rate cut outlook. The U.S. Fed meeting which was held on Wednesday, shifted its focus towards maximum employment and price stability, the FOMC halved the number

Mumbai: Driven by strong growth and political stability, real estate institutional investments in India reached historic high levels at $8.9 billion across 78 deals in 2024, surpassing the previous 2007 record by 6 per cent ($8.4 billion), a report showed on Wednesday. This represents a substantial 51 per cent increase (to date) from the previous

Mumbai: The Indian stock market opened flat on Wednesday as investors await the US Federal Reserve’s interest rate decision. At around 9:33 am, Sensex was trading at 80,651.44 after declining 33.01 points or 0.04 per cent, while the Nifty was trading at 24,328.75 after declining 7.25 points or 0.03 per cent. The market trend remained

New Delhi: With 100 cities leading the initiative, the Smart Cities Mission (SCM) has completed 7,380 out of 8,075 projects, with an investment of Rs 1,47,704 crore, the government said on Wednesday. As of December 13, 91 per cent of the total projects have been successfully completed, reflecting significant progress in reshaping urban landscapes across

New Delhi: As many as 17.80 lakh new employees were enrolled under the Employees’ State Insurance Corporation (ESIC) scheme during October this year, the Ministry of Labour and Employment said on Wednesday. The year-on-year analysis showed a growth of 3 per cent in net registrations compared to October last year. The data showed that out

Mumbai: The domestic benchmark indices closed in red on Wednesday amid weak global cues as market sentiment remained cautious ahead of the key US Fed meeting. US Fed Chair Jerome Powell was set to release the policy statement late on Thursday (US time) during the Federal Open Market Committee (FOMC) meeting. According to experts, the

New Delhi:  The Centre, during the 2023-24 rabi season, has procured 6.41 lakh metric tonnes of pulses at an MSP value of Rs 4,820 crore which has benefited 2.75 lakh farmers, according to a statement issued by the Ministry of Agriculture & Farmers Welfare on Wednesday. The procurement to support the farmers included 2.49 lakh

New Delhi: The total number of mobile subscriptions in the country now stands at 115.12 crore (as on October 31), the Parliament was informed on Wednesday. Out of 6,44,131 villages in the country, around 6,23,622 villages now have mobile coverage, Minister of State for Communications and Rural Development, Dr Chandra Sekhar Pemmasani, told the Lok