Business

The stock market took a significant hit as the Sensex plummeted by 800 points on Friday. Several factors contributed to this selloff, including a Mauritius link and other significant issues. Mauritius Link and Factors Behind the Selloff Mauritius Link: A major factor in the market downturn was the Mauritius link. Reports emerged indicating that the Financial Intelligence Unit (FIU) of ...

Thomas Cook India and its affiliate SOTC Travel have signed MoU with the Uttarakhand Tourism Development Board (UTDB) to introduce aerial darshans of Adi Kailash and Om Parvat. This has been announced on Wednesday. Its charges would be Rs 90,000 per person, the five-day spiritual tour has been made affordable through subsidies provided by the UTDB. The tour will be ...

Reserve Bank of India (RBI), has maintained its inflation forecast for the current fiscal year at 4.5%, indicating that the inflation target is within reach. This comes amidst concerns over a hot summer ahead, rising crude oil prices, and ongoing supply chain disruptions due to the Red Sea crisis. RBI Governor and MPC Chair Shaktikanta Das compared the current scenario ...

A commercial plant for the recycling of lithium-ion batteries (LIB) and electronic waste (e-waste) is going to establish in Uttarakhand shortly. The plant will be dedicated to the recycling of LIBs and e-waste. This is expected to commence operations soon. Its objective is to address the growing concern of electronic waste accumulation, particularly from used batteries, which can pose environmental ...

Metal stocks witnessed a significant rally on the stock market after positive economic data from China. Hindustan Copper, in particular, surged by 9% in response to the favorable news. This surge was driven by robust economic indicators from China, indicating strong demand for metals. The news lifted sentiments across the metal sector, with many companies experiencing notable gains in their ...

Uttarakhand’s Chief Minister Pushkar Singh Dhami has described the budget presented in the Uttarakhand Assembly on Tuesday as holistic, inclusive, balanced & development oriented. CM Dhami said that the Prime Minister Narendra Modi has mentioned the four pillars of developed India- poor, youth, women & farmers and the budget presented today by our government is dedicated to these. CM Dhami ...

DAINIK NATION BUREAU : The state of Gujarat has marked a significant upswing in the number of taxpayers declaring an annual income of Rs 1 crore or more, showcasing an astonishing 49 percent increase during the assessment year 2022-23, as unveiled by data released by the Central Board of Direct Taxes (CBDT). According to a report by TOI, the official ...

DAINIK NATION BUREAU : India’s retail inflation rate has surged to 7.44% in July, marking the first breach of the Reserve Bank of India’s (RBI) tolerance limit in five months. This unexpected increase in inflation raises concerns about its impact on the economy, consumers, and policymakers. The rising cost of essential goods and services could potentially affect household budgets and ...

DAINIK NATION BUREAU : Air India has unveiled its new logo “The Vista” along with a contemporary aircraft livery. This significant rebranding effort comes as Air India seeks to modernize its image and enhance its appeal to both domestic and international travelers. The new logo and livery are not only a visual transformation but also symbolize the airline’s determination to ...

DAINIK NATION BUREAU The topic of loan recovery has long been a contentious issue in the financial landscape of India. Amidst the challenges posed by economic downturns and the impact of the pandemic, the need for recovering loans without causing undue distress to borrowers has been a subject of concern. Union Finance Minister Nirmala Sitharaman addressed the issue, instructing banks ...