With the fifth-largest geological coal reserves globally and as the second-largest consumer, coal continues to be an indispensable energy source, contributing to 55 per cent of the national energy mix.
Aiming to put more money in the hands of the middle class and simplify the whole filing process, the new Income Tax Bill is set to be tabled in the Parliament next week after receiving approval from the Union Cabinet.
These measures collectively aim to strengthen economic growth while maintaining fiscal discipline. On the markets front, Nifty 50 is up 1 per cent, Nifty Midcap is up 0.9 per cent and Smallcap index is up 0.7 per cent.
India is on the path to achieve $800 billion in exports in the 2024-25 fiscal for the first time, according to the government, signalling a robust economy and continued growth across sectors.
NMDC R&D Centre and RDCIS, SAIL have signed a Memorandum of Understanding (MoU) to leverage their collective expertise for the advancement of the steel industry.
Continuing with the consistent depreciation, the rupee slipped further from the recent low and hit another lifetime low at 81.90 against the US dollar on Wednesday morning. In equity markets, Indian stocks extended their losses for the sixth straight session, dragged largely by broad-based selling in the global equities. At 10.08 am, Sensex and Nifty each traded 0.3-0.4 per cent lower.
Over the past 24 hours, minor fluctuations in gold prices have been noted in several cities.
Extending the losses to the fifth consecutive session, the Indian stock market's benchmark Sensex closed 38 points down in a volatile session on Tuesday. The 30 stock S&P BSE Sensex closed 37.70 points or 0.07 per cent down at 57,107.52 points against its previous day's close at 57,145.22 points.
Oil prices rose more than 1 per cent on Tuesday after declining to a nine-month low a day earlier, amid the hint that the Organization of the Petroleum Exporting Countries (Opec+) -- the producer alliance -- may go for output reductions to prevent further collapse in prices.
The growing digitalisation backed by a strong government policy impetus has led to a surge of the number of data centres (DCs) and is expected to grow twofold by 2024 in the country, according to a report.
