Rupee surges 24 paise to 73.31 against U.S. dollar in early trade
The Hindu
Cipla partners with Sky Air Mobility to deliver critical medicines to remote areas in Himachal Pradesh via drones. The initiative is the first of its kind for large Indian pharma companies and has successfully completed several drone deliveries in the state, covering 50 km in 25 minutes. Cipla plans to scale up the service and expand market coverage to inaccessible regions.
The rating agency has thus revised the sector outlook to ‘negative’ from ‘stable’
U.S. Ambassador Garcetti urges India and U.S. to strive for ambitious, frictionless trade relationship. He called for reduction of tariffs and a more predictable regulatory environment. He also pitched for robust agriculture trade and partnerships in commercial space segment. He stressed importance of sharing technology and co-development of technologies in sectors like defence.
Ministry rebuffs Moody's report on Aadhaar, citing its trustworthiness, security and privacy protections. Over a billion Indians have expressed their trust in Aadhaar by using it 100 billion times. International agencies, nations have lauded Aadhaar and its role in enhancing financial inclusion.
The Reserve Bank of India (RBI) has asked Regulated Entities (REs), namely commercial banks and Non-Banking Finance Companies (NBFCs), to display information regarding borrowers whose secured assets have been taken into possession by the REs under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 in a given format.
JSW Infrastructure Ltd., the second largest commercial port operator from the Indian private sector, is expected to double its capacity in 7 to 10 years, its deputy managing director and chief executive officer (CEO) Arun Maheshwari said in an interview.
On the domestic equity market front, the BSE Sensex closed 14.54 points or 0.02% higher at 66,023.69. The broader NSE Nifty settled flat at 19,674.55.
After gyrating 461.6 points during the day, the 30-share BSE Sensex eked out a marginal gain of 14.54 points
Tamil Nadu leads India in EV sales, with over 4 lakh units sold this year. Ola Electric and TVS Motor have sold 1.75 lakh and 1.12 lakh units respectively from their Krishnagiri plant. The state aims to manufacture 30% of all EVs sold in India by 2030, and has rolled out an EV Policy to facilitate this. 6 cities have been identified as EV hubs, with ₹50,000 crore expected to be invested in EV manufacturing by 2025, creating 1.5 lakh jobs.
Rupee falls 16 paise to 83.10 vs US dollar in early trade due to subdued equity market sentiment, firm American currency, withdrawal of foreign funds, and rising crude oil prices.
Updates on Sensex and Nifty on September 25, 2023