Economy

Mumbai:  Indian stock markets on Wednesday ended lower after a choppy trading session, with both the Sensex and Nifty closing in the red. The Sensex fell by 122.52 points, or 0.16 per cent, to close at 76,171.08. During the day, the 30-share index moved within a wide range, touching a high of 76,459.72 and a

Mumbai: Monthly systematic investment plan (SIP) contributions stayed above the Rs 26,000 crore mark for the second straight month, as the month of January clocked Rs 26,400 crore SIP investments, compared to Rs 26,459 crore in December, the Association of Mutual Funds in India (AMFI) said on Wednesday. Despite ongoing volatility in the stock market,

Paris: External Affairs Minister (EAM) S. Jaishankar on Tuesday said that amid the fast-changing global economy, India and France can make a difference, including by motivating the rest of the European Union (EU). Speaking at the India-France CEO Forum here, EAM Jaishankar said that in the ever-changing world, we need diversified production, reliable and resilient

New Delhi: Indian Railway Catering and Tourism Corporation (IRCTC) on Tuesday reported a 13.7 per cent rise in its consolidated net profit to Rs 341 crore for the October-December quarter of the current financial year compared to the corresponding figure of Rs 300 crore in the year-ago period. The total revenue from operations increased 10

Mumbai: The Securities and Exchange Board of India (SEBI) on Tuesday took strict action against LS Industries Limited, its promoter Profound Finance, and four other entities, barring them from the securities market for manipulating stock prices. The probe uncovered suspicious trading patterns, misleading disclosures, and questionable financial transactions, including money transfers to a non-resident Indian

New Delhi:  A capital expenditure (Capex) of Rs 5,700 crore and Rs 7,500 crore has been approved for SAIL for financial years 2024-25 and 2025-26 respectively, Minister of State for Steel Bhupathiraju Srinivasa Varma informed the Lok Sabha on Tuesday. The Capex includes expenditure against milestone payments for completed schemes, progress payment for ongoing schemes

New Delhi:  Swami Ramdev’s Patanjali Foods has reported a significant increase in its total expenses for the third quarter of the financial year 2024-25, which rose by nearly 11.2 per cent to Rs 8,653 crore in Q3, compared to Rs 7,781.64 crore in Q2 FY25. This increase was mainly driven by the higher costs of

Washington:  Six US lawmakers have written a strongly worded letter to Attorney General Pam Bondi, demanding a probe into the previous Department of Justice’s (DoJ) indictment of Adani Group officials. The six US lawmakers – Lance Gooden, Pat Fallon, Mike Haridopolos, Brandon Gill, William R Timmons and Brian Babin – said in the letter that

Kathmandu:  The energy secretaries of Nepal and India are meeting in New Delhi on Tuesday as both neighbouring countries focus on building at least five cross-border transmission lines in order to generate at least 16,000 megawatts of power by 2035. Leading Nepal’s 12-member delegation, Energy Secretary Suresh Acharya will engage in talks with Indian officials

Copenhagen:  India discussed sustainable renewable energy initiatives with the International Solar Alliance (ISA) in Denmark, to attract global funding and technology from both countries. The Indian envoy to Denmark met with the top officials of the International Solar Alliance (ISA) in Copenhagen and discussed the initiatives. “Indian Ambassador to Denmark, Manish Prabhat, DG Mathur, DG-elect