Business

December 15, 2021 9:05 AM

Govt invites global bids for strategic divestment of PDIL

Government of India has invited Expression of Interest for Strategic Disinvestment or Privatisation of Projects and Development India Limited PDIL. In a tweet, Secretary of Department of Investment and Public Asset Management (DIPAM) Tuhin Kanta Pandey said, the last date for receiving Expression of...

December 14, 2021 6:52 PM

Wholesale price inflation spikes to 12-year high of 14.23% in November

Wholesale price inflation, WPI, rose to 12-year high of 14.23 percent in the month of November. According to the Commerce and Industry Ministry data released today, the WPI is the highest since April 2005. The rise in WPI numbers are mainly due to rise in manufacturing and food prices. Besides, soar...

December 14, 2021 6:30 PM

Rupee depreciates 11 paise to 75 rupees and 87 paise against US dollar

In the forex market, the rupee depreciated 11 paise against the US dollar. The domestic unit closed at 75 rupees and 87 paise against the US currency. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies rose 0.22 percent to trade at 96...

December 14, 2021 6:21 PM

U.S. stocks fall ahead of Fed meeting

U.S. stocks fell yesterday on worries about the Omicron coronavirus variant ahead of a Federal Reserve meeting later this week. The Dow Jones and the S&P 500, both plunged 0.9 percent and the Nasdaq Composite index tumbled 1.4 percent.

December 13, 2021 8:22 PM

Index of Industrial Production in India grows 3.2 percent in October

The country's Index of Industrial Production (IIP), grew 3.2 percent in October. In September, Industrial production had risen 3.1 percent. Among the major sectors, the mining index in October gained 11.4 percent, and Electricity index advanced three percent. The manufacturing index rose 2 ...

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