The Indian rupee USD/INR opened slightly higher at 76.26 and moved towards 76.36 against the US dollar on Thursday morning, after that the rupee fallen towards 76.06. As the session started, the domestic currency down amid U.S. dollar strengthening in the international market on coming aggressive interest rate hike by the U.S. Fed in the upcoming months…
Hero electric declared that it has partnered with electric vehicle charging(EV) Infrastructure provider Bolt to set up 50,000 charging stations all over India in next 12 months. The electric two wheeler manufacturer saying that the move will benefit it’s more than 450,000 customers. Under the partnership Bolt charging points will also be installed at over…
The Central government begun purchasing onions from Maharashtra, Gujarat and Madhya Pradesh to create a barrier stock to tackle any rise in prices latest during the year through the National Agricultural Cooperative Marketing Federation(NAFED). NAFED has set a target of purchasing around 250,000 tonnes in this year, the bulk of which will be purchased from…
The Union Government has agreed to buy 40.20 lakh tonnes of rice from the rabi season, from Telangana. What the Centre is buying is the raw rice or fortified rice and not parboiled rice, which the State has been selling for over 40 years. Though it is less than about 46 lakh tonnes of parboiled…
Crude oil prices down by 5% in volatile trading on Tuesday as investors weighed demand concerns against tight international supplies after Libya halted some exports and as factories in Shanghai prepared to reopen following a Covid-19 shutdown. Growing fears of a U.S. recession as the Federal Reserve tries to beat inflation with some of the…
Inflation based on Wholesale Price Index (WPI) increased to a four month high of 14.55 % in March, mirroring a broad-based spike in global commodity prices, especially oil in the wake of the Russia-Ukraine crisis, showed official data released on Monday. There was some softening in food articles month-on-month led by vegetables and pulses, though…
Sugar mills across the country have produced 329.91 lakh tonnes of sugar till April 15, which is higher than 291.82 lakh tonnes produced in past year, said, the Indian Sugar Mills Association (ISMA). Compared with 170 mills that were crushing sugarcane in April last year, This year it was increased up to 305 mills for…
Hinduja group flagship Ashok Leyland has signed an agreement with Mahindra First Choice Wheels (MFCW), a leading player in the used vehicle segment, to launch an exclusive hybrid ecosystem for it’s used Commercial Vehicle (CV) business. This Phygital platform will facilitate exchange, proper disposal and purchase of old Commercial Vehicles. With an entry into this…
At Foreign exchange, the rupee opened on a muted note at 76.41 against the US dollar, then fell and touched an early low of 76.43 in initial deals, registering a fall of 24 paise over its previous close. On Wednesday, the rupee was down by 4 paise closed at 76.19 against the US dollar. Meanwhile,…
Gold prices high on April 18 in the global markets to their peak levels since mid-March, as the Russia-Ukraine crisis soured risk sentiment and drove investors to the safe-haven bullion. Gold futures on MCX jumped 0.73% or Rs 286 to Rs 53,378 per 10 grams. Silver futures also jumped 1.31% or Rs 901 at Rs…
