India’s industrial production contracted 0.1 per cent in August, mainly due to poor showing by the mining and power generation sectors, according to official data released on Friday. The factory output, measured in terms of the Index of Industrial Production (IIP) witnessed a growth of 10.9 per cent in August 2023. The three major components of IIP, including mining, manufacturing and electricity, witnessed a contraction of 4.2 per cent, growth of 1 per cent and contraction of 3.7 per cent, respectively.
Big Banks Steer Through ‘Treacherous’ Conditions (11-10-2024)
Profits fell at JPMorgan and Wells Fargo, but the lenders reported results that were largely better than had been expected, a sign that the economy remained solid — for now.
Centre will respond at appropriate time on Jammu and Kashmir statehood: Kishan Reddy (11-10-2024)
Union Minister G Kishan Reddy stated that the Centre will respond to the demand for the restoration of Jammu and Kashmir’s statehood at an appropriate time, while affirming that Article 370 will not be reinstated. He highlighted the peaceful conduct and successful voter turnout during the recent elections in the region.
Sebi intervenes in Rs 45 cr Trafiksol IPO irregularity on BSE SME platform (11-10-2024)
To undertake detailed examination into disclosures made by SME firm
Tech View: Nifty forms high wave type candle on weekly chart. Here’s how to trade next week (11-10-2024)
Nifty formed a small negative candle, indicating continued narrow range movement. The underlying trend remains choppy. Support at 24,920 and 24,750. Resistance at 25,000-050 and 25,250-275. Bears are in control, using pullback rallies to create short positions.
Congress questions PM Modi’s ‘silence’ over ‘growing drug trade’ in MP, slams BJP (11-10-2024)
Congress alleges a close associate of Madhya Pradesh Deputy CM Jagdish Devda is involved in drug trade following a major drug haul in Bhopal. They criticize PM Modi’s silence on the issue and highlight the worsening drug addiction problem, purportedly affecting 40 crore people in India.
Who’s Who In Tata Trusts (11-10-2024)
The Tata Trusts, led by the Sir Ratan Tata Trust and the Sir Dorabji Tata Trust, hold a 66 per cent stake in Tata Sons, the Tata group’s holding company.
Hike in remuneration of Madarsa teachers proves Mahayuti govt is not anti-Muslim: Athawale (11-10-2024)
Union Minister Ramdas Athawale praised the Maharashtra cabinet’s decision to increase remuneration for Madarsa teachers, asserting it shows the Mahayuti government is not anti-Muslim. The cabinet also proposed raising the income limit for the ‘non-creamy layer’ to Rs 15 lakh for OBC reservations.