Gautam Adani, chairman of the Adani Group, became the fourth richest man in the world, overtaking Microsoft co-founder Bill Gates with an estimated wealth of $115.5 billion on Thursday. The Indian businessman eclipsed Gates, whose net worth is pegged at $104.6 billion according to the Forbes’ Real-Time…
The rupee recovered 8 paise to settle at 79.91 (provisional) against the US currency on Friday, tracking heavy buying in domestic equities and weakness in the greenback overseas. Besides, fresh foreign capital inflows also supported the local unit, forex dealers said. At the interbank foreign exchange market, the local…
Skyrocketing prices of vegetables are burning holes in the pockets of consumers in Sri Lanka, which is grappling with its worst political and economic crisis since its independence in 1948. To make matters worse, most vegetable prices have more than doubled, while the rate of rice has increased from Rs 145 per kilogram…
Chairperson of the Adani Group, Gautam Adani, met President of France, Emmanuel Macron. “Fascinating to hear from Prez @EmmanuelMacron at Chateau Versailles. His belief in power of regional democracies and a multipolar world is indeed refreshing,” Gautam Adani tweeted. “We are honoured to support his…
The centre has asked trade bodies to reduce edible oil prices by Rs 15 per litre immediately because prices in the world market have fallen sharply, the government said in a statement, as per a Reuters report. The government directed trade bodies to quickly pass on the reduction in global prices to end-consumers, the…
The rupee fell to 79.25 against the US dollar in early trade on Friday as rising global recession risks have been pushing the Indian currency to a record low. On the interbank forex market on Friday, the rupee opened 12 paise lower at 79.25 against the American currency, PTI reported. The rupee will trade near its…
The Sensex and Nifty closed lower on Tuesday, giving up more than 1 per cent gains made during the day, as investor sentiment soured in global markets, while the rupee hit a fresh record low on concerns of a bigger current account deficit. The NSE Nifty 50 index ended down 0.15 per cent or 24.50 points at 15,810.85,…
The central government on Friday announced that it has raised its basic import duty on gold to 12.5 per cent from 7.5 per cent. According to a notification issued by the Finance Ministry, the import duty on gold has been hiked by five per cent. If the surcharge is taken into account, then the import duty on the…
The Sensex and Nifty on Thursday ended lower and clocked their worst quarter since the early days of the pandemic, beset by fears that aggressive central bank policy aimed at curbing inflation could hurt the economy. The NSE Nifty 50 index closed 0.12 per cent or 18.85 points lower at 15,780.25, and the BSE Sensex…
Bitcoin’s price on Wednesday fell to $20,000-mark as the nosedive in cryptocurrency markets has wiped out millions of dollars. The sudden plunge in crypto values, which started in May amid a broader economic slowdown, continued as investors remained jittery. The world’s largest and the most popular…