NEW DELHI: India can boost employment in labour-intensive sectors by over 13% by 2030 through targeted investment in formal skilling, according to a paper by the National Council of Applied Economic Research (NCAER). The study argues for a multi-pronged policy push to improve workforce quality and bridge the country’s employment gap.The paper, titled ‘The Landscape…
The rupee appreciated 24 paise to settle at 85.48 against the US dollar on Friday, supported by strong foreign fund inflows and firm domestic equity markets.At the interbank foreign exchange, the rupee opened at 85.50 and moved between 85.43 and 85.65 during the day before closing at 85.48 (provisional), up from its previous close of…
Shares of Adani Power climbed nearly 14% this week to hit Rs 605 on the BSE on Friday, riding on robust trading volumes and a strong technical setup.The stock rose 4.7% in intraday trade before settling at Rs 584.35, up 1.08%. As of 10:50 a.m., the total traded quantity stood at 6.96 lakh shares, with…
ICICI Bank has approved plans to raise its stake in ICICI Prudential Asset Management Company by up to 2 per cent, as part of efforts to retain majority control ahead of a potential dilution due to stock-based compensation at the fund house.In a regulatory filing on Friday, the bank said its board has cleared the…
Promoters offloaded approximately Rs 61,000 crore in shares, while PE/VC firms exited nearly Rs 28,000 crore. (AI image) Promoters, private equity firms, and other large strategic investors disposed of shares worth over Rs 1 lakh crore within two months, exerting supply-side pressure on India’s stock market indices Sensex and Nifty, which pursued new record highs.Promoters…
The water-sharing agreement of 1996 between India and Bangladesh was established to resolve disputes regarding the Farakka water allocation. (AI image) Ganges Water Sharing Treaty with Bangladesh to be revised? India is exploring various alternatives to modify and reassess a significant agreement with Bangladesh regarding the distribution of Ganga waters, following its decision to suspend…
Earlier in the day, Trump said that the United States and China have reached a trade agreement. (AI image) US-China trade deal: Soon after US President Donald Trump announced a trade deal, China has also confirmed that details have been finalized. China also said that United States will ‘cancel a series of restrictive measures’.Earlier in…
File photo: Xiaomi founder Lei Jun shows the Xiaomi YU7 at a launch event held in Beijing (Picture credit: AP) Chinese tech giant Xiaomi stunned the electric vehicle (EV) market on Thursday night after it received an overwhelming response to the launch of its new electric SUV, the YU7, clocking 289,000 pre-orders within the first…
The acquisition requires approval from the Competition Commission of India and completion of a mandatory tender offer to ANIL’s public shareholders. (AI image) JSW Paints Limited has signed agreements to acquire a 74.76 per cent ownership in Akzo Nobel India Limited (ANIL) from Akzo Nobel NV and its associated companies. The acquisition, valued at up…
Market experts suggest the Nifty index will likely approach its previous all-time highs. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Friday on the back of favourable global cues. While Nifty50 was near 25,600, BSE Sensex was up over 100 points. At 9:17 AM, Nifty50…