Stock Market LIVE on Friday January 24, 2025: At 6:56 AM, GIFT Nifty futures were trading 33 points higher at 23,297, indicating a higher start for the bourses

Benchmark indices dropped as much as 2 per cent before recouping half the losses, as uncertainty around the tightly contested US Presidential election, sustained selling by foreign portfolio investors (FPIs), and earnings disappointments weighed on t

Sri Lankan President Anura Kumara Dissanayake began investigations into Adani's local projects after founder Gautam Adani faced bribery allegations from the United States last year

adani

Dr Reddy's Laboratories  reported its consolidated Q3 results with a 2.5 per cent rise in profit to Rs 1,413.3 crore compared to Rs 1,378.9 crore in the same period last year

BSE NSE, Bull market, Indian share market

FMCG major Unilever on Tuesday agreed to establish two manufacturing units in Telangana following talks between Chief Minister A Revanth Reddy and Hein Schumacher, CEO of Unilever, at the ongoing World Economic Forum (WEF) annual meeting in Davos.
During the meeting, the Chief Minister highlighted Telangana's "extraordinary locational advantages" as a gateway and bridge to several southern states and other parts of the country, a state government release said.
While Unilever operates multiple manufacturing sites in India, its presence in Telangana has thus far been minimal, the release added.
In response, Unilever's CEO announced plans to establish a palm oil facility and refining unit in Telangana.
CM Revanth Reddy offered full support and proposed a suitable location in Kamareddy district for the facility, the release added.
The Unilever team also agreed to set up a new manufacturing unit for producing bottle caps.
"In a breakthrough, Chief Minister Revanth Reddy convinced Hein

Thoothukodi

The book, he says in the epilogue, has been the labour of love: Eight years of interviewing 213 people and the reading of more than 100 books about the state

Book Review

Former RBI Governor Raghuram Rajan on Tuesday lauded the Modi government for doing a lot of good work on the infrastructure front in India and hoped there would be some concrete steps in the upcoming Budget to boost the job market.
Speaking at a session on the US dollar here at the World Economic Forum Annual Meeting, Rajan also said the depreciation in rupee to near Rs 85-level against the US dollar is more because of the strengthening of the American currency rather than any domestic factor.
The Modi government has done a lot of good work on the infrastructure front but the other key pillar that needs to boost consumption is the job market, he said.
India is growing at 6 per cent, which is actually great but when we look at per capita figures, it needs to grow much faster, Rajan said.
There is an urgent need to boost the job market, he said, adding, "a Union Budget is due in the next few days and hopefully we will see something there".
When people talk about US dollar remaining 

Raghuram Rajan

The upcoming Budget may raise the rebate further, potentially making income up to Rs 10 lakh tax-free

Nirmala Sitharaman

With trade wars and financial realignments looming, India's success in this evolving landscape will depend on its ability to balance collaboration with autonomy

Donald Trump, Trump

Net interest margin was 3.43 per cent for the third quarter of the financial year, flat as compared to the same period last year but lower than 3.5 per cent of Q2

HDFC Bank, HDFC

S&P Global said on Friday that its flash US Composite PMI Output Index, which tracks the manufacturing and services sectors, declined to 52.4 this month

US economy, united states, US Fed

The procurement of goods and services through government's portal GeM rose by about 50 per cent to over Rs 4 lakh crore during April-January this fiscal due to higher buying activities by various ministries and departments, an official statement said on Friday.
The Government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all central government ministries and departments.
"The GeM has surpassed last years' historic high gross merchandise value (GMV) of Rs 4 lakh crore within 10 months of the current fiscal. As of January 23, GeM has clocked a GMV of Rs 4.09 lakh crore, which marks a growth of nearly 50 per cent over the corresponding period last fiscal," the commerce and industry ministry said.
Out of this, the services segment accounted for Rs 2.54 lakh crore, whereas product area procurement was Rs 1.55 lakh crore, it said.
"With an emphasis on expansion of bouquet of services offerings on GeM, 19 new service categories have be

Government e-Marketplace (GeM)

BPCL's reported gross refining margins (GRMs) stood at $5.6 per barrel or bbl ($4.4/bbl in Q2FY25). Refining throughput was 9.5 metric million tonnes or mmt (-3 per cent Y-o-Y)

BPCL, Bharat petroleum

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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US business activity at 9-month low in January; hiring accelerates

GeM procurement crosses Rs 4 trillion during April-January period of FY25

Stock correction limits downside in BPCL; Q3 performance meets expectations

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