Indian stock market maintains positive outlook as RBI turns more realistic

IANS | December 7, 2024 9:27 AM

Mumbai, Dec 7 (IANS) Amid a positive turnaround from foreign institutional investors (FIIs) to India, the Indian stock market maintained a positive outlook throughout the week as the core sector output in October and stability in service PMI data showed signs of recovery, experts said on Saturday.

Manufacturers reduce MRP on 3 anticancer drugs after BCD, GST cuts: Centre

IANS | December 6, 2024 8:35 PM

New Delhi, Dec 6 (IANS) Manufacturers have started to reduce the maximum retail price (MRP) on three anticancer drugs -- Trastuzumab Deruxtecan, Osimertinib, and Durvalumab drugs -- as directed by the government to pass on the benefits to the consumers, the Parliament was informed on Friday.

RBI’s liquidity infusion of Rs 1.16 lakh crore a big positive: Assocham

IANS | December 6, 2024 7:12 PM

New Delhi, Dec 6 (IANS) Leading industry chamber Assocham on Friday said that the decision by the Reserve Bank of India (RBI) to cut the cash reserve ratio by 50 basis points, releasing Rs 1.16 lakh crore into the banking system, is a pragmatic measure to maintain the inflation-growth balance in the face of evolving macro-economic situation.

Rosneft CEO Igor Sechin dispels some myths about global energy

IANS | December 6, 2024 6:43 PM

New Delhi, Dec 6 (IANS) Igor Sechin, Chief Executive Officer of Rosneft PJSC, spoke at the XVII Verona Eurasian Economic Forum in Ras al-Khaimah, the UAE, with a report focusing on ‘Farewell to illusions. World energy in the Thucydides trap”, and cleverly dispelled myths about green energy, while predicting an increase in the demand for fossil fuels.

Centre gears up to make hallmarking mandatory for gold bullion

IANS | December 6, 2024 3:06 PM

New Delhi, Dec 6 (IANS) The government is gearing up to make hallmarking mandatory for gold bullion, a move aimed at ensuring the purity of gold products and safeguarding consumers from potential quality issues, Consumer Affairs Secretary, Nidhi Khare, said on Friday.