The growth in production of eight key infrastructure sectors entered a negative zone after three-and-a-half years, contracting 1.8 per cent in August 2024 due to decline in output of coal, crude oil, natural gas, refinery products, cement and electricity, according to official data released on Monday. The growth rate was 6.1 per cent in July. The growth of core sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity — was 13.4 per cent in August 2023.
Posts tagged Rediff
Willing to negotiate with workers directly: Samsung (30-09-2024)
Samsung India is willing to sign a long-term wage settlement and negotiate directly with its workers for an amicable resolution of the dispute, the company’s lawyer said on Friday, terming the ongoing employees’ strike at the Sriperumbudur plant “illegal”. Lawyer Anand Gopalan, who is representing Samsung India in the high court of Chennai and the Kanchipuram District Court, said the company would only negotiate with its workers and not with any third-party leaders.
Indian investors pay hefty premiums for China exposure (30-09-2024)
Indian investors are paying hefty premiums to invest in China markets, with stocks there posting their biggest weekly gain in nearly 16 years. Savvy investors were seen making a dash to invest in the only two China-focused exchange-traded funds (ETFs) available in the domestic markets. On Friday, Mirae Asset Hang Seng Tech ETF closed at Rs 16.9 on the NSE, nearly
Rs steady against $ in CY24, weakens vs euro, pound (30-09-2024)
The rupee has remained largely stable against the US greenback in the current calendar year (CY 2024), depreciating by just 0.59 per cent so far. However, it has considerably weakened against the euro and pound. The local currency has depreciated by 1.6 per cent against the euro and 5.6 per cent against the pound, as both currencies strengthened against the dollar during this period.
Want To Buy A Mercedes? A BMW? An Audi? (30-09-2024)
From attractive EMIs to assured buyback guarantees, luxury carmakers have lined up a slew of offers to woo customers this festival season to address dwindling sales amid rising inventories.
Swiggy’s qcom arm beats food delivery growth (30-09-2024)
For food aggregator platform Swiggy, quick commerce (qcom) is proving to be a better growth opportunity than food delivery. Its qcom arm Instamart is rapidly outpacing its core food delivery vertical across several key financial metrics, the company’s recently filed draft red herring prospectus (DRHP) shows.
Maiden critical minerals auction: A modest showing (30-09-2024)
In June last year, India unveiled its first list of 29 critical minerals open for private sector exploration and mining. Since then, 38 critical mineral blocks have been auctioned, but only 14 – less than 37 per cent – have found bidders. This modest achievement was secured only after the Centre conducted a second round of auctions when the first round fell flat, failing to attract the minimum required bidders.
Bajaj now 3rd most valued finance group; overtakes SBI (30-09-2024)
India’s financial sector is dominated by large government-owned and private-sector banks.
Critical infra exposed to increased cyber threats’ (30-09-2024)
‘The rise of ransomware and the rapid evolution of threats demand real-time response and resilience in security operations, which is the way forward.’
‘RBI In No Hurry To Do Big Rate Cuts’ (30-09-2024)
‘If you look at where inflation (headline and core) is today in India and where the rates are, there’s clearly room to cut rates.’