Feedback | Monday, December 23, 2024

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Business

December 23, 2024 4:15 PM

Gold gains 30% in 2024, silver up 35% on COMEX this year: MOFSL

Gold and silver have experienced an impressive rally in 2024, gaining approximately 30% and 35%, respectively, on the Commodity Exchange (COMEX), a report revealed on Monday. While central bank policies and geopolitical risks are significant drivers of gold and silver prices, other factors also pla...

December 23, 2024 3:54 PM

Telecom subscriber base in India sees decline in October 2024

India's telecom sector witnessed a decline in its subscriber base in October 2024, as per data released by the Telecom Regulatory Authority of India (TRAI). The report highlighted a decrease of 33 lakh active subscribers, with the total subscriber count—comprising wireless and wireline connections...

December 23, 2024 3:26 PM

Global stocks rally as investors cheer US inflation relief

Global shares were boosted on Monday by a U.S. inflation reading offering some hope for further policy easing next year, along with relief that Washington had averted a government shutdown. After a recent central bank decisions bonanza, this week only has the minutes of a few of those meetings, whi...

December 23, 2024 3:06 PM

Honda, Nissan agree to discuss merger, signalling massive industry shift

Honda and Nissan agreed to explore a merger and set up a joint holding company, they said on Monday, which would create the world's third-largest automaker and signals a massive shift in an industry under tremendous upheaval. The two companies would aim for combined sales of 30 trillion yen ($191 b...

December 23, 2024 2:30 PM

India’s data centre capacity to more than double by fiscal 2027: Crisil report

The capacity of India's data centre industry is poised to more than double to 2-2.3 GW by fiscal 2027, driven by accelerating digitalisation across the economy, according to a recent Crisil Ratings report. This growth is largely attributed to enterprises investing heavily in cloud storage solutions ...

December 23, 2024 1:32 PM

India’s savings rate shoots past global average: SBI report

India’s savings rate has surpassed the global average as financial inclusion has shot up in the country with over 80 per cent adults now having formal financial accounts, according to an SBI report released on Monday. India savings rate is at 30.2 per cent, which is higher than the global average...

December 22, 2024 5:58 PM

55th GST council meeting: Tax rate changes and compliance reforms announced

The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, was held on Saturday in Jaisalmer, Rajasthan. The meeting, attended by senior officials and representatives from states and union territories, resulted in several significant decisions aimed at tax rate change...

December 20, 2024 9:33 PM

Cabinet hikes MSP for Copra to Rs 12,100 per quintal

The Cabinet Committee on Economic Affairs on Friday hiked the Minimum Support Price (MSP) for fair average quality of milling copra to Rs 11,582 per quintal and for ball copra to Rs 12,100 per quintal for the 2025 marketing season, according to an official statement. The MSP has been increased in a...

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Last Updated: 23rd Dec 2024