Business
Stay informed with the latest business updates across India with The Thaiger India. Our news page offers coverage of business trends, financial news, and economic developments. Understand global economics through a local lens, gain insights from industry analyses, and keep afloat on political impacts on markets.
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Petrol and diesel prices stand unaltered for 12 months in India
In the realm of petrol and diesel rates, India stands as a landscape where the figures have remained unaltered for close to 12 months. The most recent amendment to these rates was seen in May 2022. The variances in prices between states can be attributed to localised taxes, value-added tax (VAT), transportation costs, and other influencing factors. The Goodreturns website,…
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Steady gold prices reported in India, Silver prices see an upward shift
On Sunday, gold and silver prices within India retained a state of steadiness. A per-gram cost of 22-carat gold was reported to be ₹5,465. When the quantities increased to 8 grams and 10 grams, the respective values were ascertained to be ₹43,720 and ₹54,650. Moreover, the cost quoted for a quantity as significant as 100 grams of 22-carat gold amounted…
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Indian stock markets to close on Independence Day, affecting multiple segments
Independent trading activities on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will be inactive on Independence Day, the 15th of August, as reported on the BSE website. The temporary halt encompasses the Equity Segment, Equity Derivative Segment, and SLB Segment. Usually, Equity segment trading operates on all days that are not classified as weekends or predetermined…
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Airbus A320neo fleet faces inspections due to Pratt & Whitney engine issues
In the midst of a busy summer season, characterised by rising demand for air travel, labour shortages, and supply chain disruptions, commercial airlines face another hurdle, this time of a technical nature. A subset of Airbus planes equipped with Pratt & Whitney engines demand new inspections due to potential microscopic contamination concerns in the metals used in the manufacturing process.…
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Adani Ports switches to MSKA & Associates following Deloitte’s resignation
In an intriguing development, Adani Ports has announced the appointment of MSKA & Associates as their statutory auditors. This decision, effective from August 12, follows the recent board meeting where Deloitte Haskins & Sells LLP’s resignation was accepted. The arrangement with MSKA & Associates is set to last until the firm’s forthcoming annual general meeting, slated for 2024, according to…
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FTX co-founder Sam Bankman-Fried taken into custody amid fraud allegations
Tech mogul, Sam Bankman-Fried, who co-founded the cryptocurrency exchange FTX, faced an immediate turn of events, significantly affecting his freedom and potentially his career, as he was escorted into custody ahead of his looming fraud trial scheduled for less than two months from now. The swift manifestation of justice occurred last Friday afternoon during a court hearing overseen by US…
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Marginal decline in Indian gold prices despite strong global economic growth
In the local gold market, there was a marginal decline in prices by ₹15 per gram on Saturday, with the values settling at ₹5,455 for one gram of 22 carat gold and ₹5,951 for one gram of 24 carat gold, according to website Goodreturns. Understanding the details of gold purity, it is essential to realise that ‘carat’ or ‘K’ represents…
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Indian fuel prices remain steady due to central excise duty reduction
In a consistent trend, fuel prices in India’s principal cities remained static on Saturday. The day saw petrol retailing at ₹96.72 per litre, and diesel at ₹89.62 per litre in the national capital. This standstill in petrol and diesel prices can be traced back to May last year when the Centre implemented a significant reduction in excise duty. At that…
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Indian petrol and diesel prices hold steady: a closer look at the fuel market
As of today, the cost of petrol and diesel across major urban areas in India remains unaltered. Leading oil marketing companies confirm that in Delhi, petrol retains a price tag of ₹96.72 per litre, while diesel registers as ₹89.62 per litre. In Mumbai, the cost per litre of petrol and diesel stands at ₹106.31 and ₹94.27, respectively. Let’s consider the…
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India’s smartphone market shrinks as consumer preference shifts to premium devices
The Indian smartphone market exhibits a fiercely competitive landscape currently dominated by Samsung and Vivo. While they vie for the top spot, noteworthy shifts in market trends indicate a declining smartphone market accompanied by a rising inclination towards higher-end phones among Indian consumers. International Data Corporation (IDC) reports uncover that smartphone shipments in India during the first half of 2023…
