Is something strange afoot in the rupee-dollar market, or am I just imagining things? The rupee continues to remain under pressure and apparently there is fairly heavy intervention by the Reserve Bank of India (RBI) to stop it slipping past 54 to the dollar again. Yet, if you ask any trader in a bank treasury, he is likely to tell you that there is hardly any shortage of dollars in the markets.

Abheek Barua: The mystery of the falling rupee

Business Standard

The Congress on Monday took a swipe at the Modi government over "rising" prices of food items, saying the bullet train announced by it has not arrived but the inflation, which is spiralling upwards faster than the speed of a bullet train, has broken the back of the common person.
Congress general secretary in-charge communications Jairam Ramesh said the people want answers not more "jumlabaazi (rhetoric)".
He shared a media report on X which claimed that the rates of daily essential goods are increasing day by day and in the last one year, the prices of flour, oil, spices and dry fruits have increased by one and a half to two times.
"The bullet train announced by the Modi government has not arrived, but the inflation, which is spiralling upwards faster than the speed of a bullet train, has broken the back of the common person," Ramesh said in his post in Hindi on X.
"Inflation has doubled and tripled in the last ten and a half years. Vegetables, flour, oil, spices and everyday item

Congress, Congress flag

Russell Hedrick, a North Carolina farmer, flies drones to spray fertilisers on his corn, soybean and wheat fields at a fraction of what it would cost him to use a conventional ground spreader.
As a volunteer rescuer, Hedrick uses thermal drones to search for people trapped by mudslides and cargo drones to send water and baby formula to those who are stranded  something he did after Hurricane Helene.
Now he is fretting that one day he will have to ground his drone fleet. Most commercial drones sold in the United States, including those used by Hedrick, are made in China. They have become a target of US lawmakers, who see the dominance of Chinese drones not only as an espionage threat but as a commercial threat because they make it nearly impossible for American manufacturers to compete.
It's another front in the US-China economic and technological competition that's likely to intensify with the return to the White House in January of Republican Donald Trump, who has promised to get .

US China flag, US-China flag

Donald Trump's said that the US 'foolishly' ceded the canal to Panama, blaming the 'ridiculous' fee charged to American ships to pass through the channel

Donald Trump

Hyderabad (Telangana) [India], December 23: Hyderabad-based Standard Glass Lining Technology Limited, a manufacturer of specialized engineering equipment for the pharmaceutical and chemical industries, has secured Rs 40 crore through pre-IPO funding via private placement from Amansa Investments Limited.

Amansa Investment invests Rs 40 crore private placement in IPO bound Standard Glass Lining Technology

Mumbai (Maharashtra) [India], December 23: Star Health and Allied Insurance Company Limited (BSE: 543412) (NSE: STARHEALTH), India's largest standalone health insurer, has achieved remarkable recognition at the ASSOCHAM 16th Global Insurance Summit  &amp;  Awards 2024, securing the Runner-Up position for "Most Effective Insurance Penetration." This prestigious accolade underscores the company's transformative impact in democratizing health insurance across India.

Star Health Insurance Wins \'Most Effective Insurance Penetration\' Runner-Up Award at ASSOCHAM Insurance Awards 2024

In 2024, NPCI issued 20 third party application approvals. This was much higher than three and four issuances in 2022 and 2023 respectively

NPCI

Aegis Logistics has seen a strong spurt in price and volumes in the last trading session from the cluster of its significant EMAs on the daily chart

Market, BSE, NSE, NIfty, Stock Market, investment

FinMin says some changes may take effect from April

CGST Act set to see key amendments in Budget session

Experts fear that Indian exporters might have to pay higher duties while exporting pharmaceuticals, textiles, chemicals, and engineering goods

In 2018, as the President of the United States, Donald Trump called India the “tariff king”, citing the high import duties (100 per cent at that time) on Harley Davidson bikes, but also saying the Indian government was ready to reduce it.

Markets Today LIVE: Indian benchmark equity indices were likely headed for a strong start, after lower-than-expected core inflation reading in the US boosted Wall Street shares there

Stock Market, Market, Crash, Funds, up, Stock, Gain, Lost, decline, statistic, Crisis, Capital, BSE, NSE

NHPC Ltd, India's largest hydropower company, will invest Rs 5,500 crore in setting up a 1,000 megawatt solar power project in Bihar, its chairman and managing director Raj Kumar Chaudhary said Friday.
The firm signed an MoU with the state government for the investment at the Bihar Business Connect 2024 investor summit here.
"We have proposed to invest Rs 5,500 crore in setting up a 1,000 MW solar power project," he said.
The project could be set up in 1.5-2 years from the date of land acquisition.
"Land is crucial for solar projects. And we would urge the state government to facilitate land acquisition so that we could do the project on time," he said.
The company has almost 7 gigawatts of operational hydropower plants and 9.3 gigawatts of capacity is under construction, according to its website.
Chaudhary said NHPC is also proposing to set up a small solar plant, electricity from which would be used to make green hydrogen.
"The green hydrogen produced will be used to power pas

NHPC, Hydro power

The World Bank's Board of Executive Directors has approved USD 800 million Amaravati Integrated Urban Development Program for building Andhra Pradesh's greenfield capital city Amaravati, the international development said on Friday.
The Bretton Woods institution's Board of Executive Directors met in Washington, USA on Thursday and approved the loan.
"The World Bank's Board of Executive Directors yesterday approved the USD 800 million Amaravati Integrated Urban Development Program aimed at establishing the city as a well-managed, climate-resilient growth center in Andhra Pradesh that generates jobs and improves the lives of its current and future residents, especially the most vulnerable," a World Bank press release said.
According to the World Bank, the Government of India requested the USD 800 mn loan to develop Amaravati as an economic hub and the state capital of Andhra Pradesh.
The loan has a final maturity period of 29 years, including a grace period of six years, said the Wor

World bank

From opening to allotment and listing, here is the complete list of IPO activities set to keep investors busy next week

There will be five races over Friday and Saturday (December 20 and 21) and the best pick of them all will wear the crown of being the Overall champion of 2024.

JK Tyre Novice Cup

RIL hit a 52-week low of Rs 1,210.15 on the BSE has declined 24 per cent from its record high level of Rs 1,608.95 (adjusted to bonus) touched on July 8, 2024.

RIL, Reliance, Reliance Industries

Delhiites continued to breathe toxic air as the air quality on Friday remained in the severe category, with the 24-hour average Air Quality Index (AQI) of 429.
The predominant pollutant was PM2.5, the fine particulate matter that poses serious health risks, as they can penetrate deep into the lungs and enter the bloodstream.
Of the 36 monitoring stations across the city, 14 reported air quality in the 'Severe Plus' category, with AQI readings above 450.
The remaining stations recorded AQI levels in the 'Severe' range, between 401 and 450.
These levels signify a significant deterioration in air quality, which is considered life-threatening for vulnerable populations such as children, the elderly, and those with respiratory or heart conditions.
The maximum temperature on Friday was 23 degrees Celsius, slightly warmer than the usual for this time of year.
The day started with a cool, misty morning and high humidity, which fluctuated between 95 per cent and 71 per cent throughout the

Flagging delay in implementation of stricter measures for checking the alarming rise in pollution, the Supreme Court on Monday asked states adjoining the Delhi-National Capital Region (NCR) to immediately set up teams to enforce graded response actio

"This is a national tragedy, violating the spirit of the Good & Simple Tax the GST was meant to be," says former chief economic adviser Arvind Subramanian

popcorn

Mr Powell brought to Wednesday's press conference details from 2018 Fed research that suggested looking past tariff-induced inflation

US Federal Reserve, Fed

RBI stated that while it has directed banks not to charge excessive rates of interest, it does not directly regulate the rates charged by banks

Supreme Court, SC

Changes made just a day after Sebi's decision to tighten norms

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Abheek Barua: The mystery of the falling rupee

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Congress attacks Modi govt over rising food prices, spiraling inflation

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Amansa Investment invests Rs 40 crore private placement in IPO bound Standard Glass Lining Technology

Star Health Insurance Wins 'Most Effective Insurance Penetration' Runner-Up Award at ASSOCHAM Insurance Awards 2024

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