calender_icon.png 18 October, 2025 | 12:49 AM

Market/Money

Govt asks PSB chiefs to work harder, faster to list subsidiaries

18-10-2025

Department of Financial Services Secretary M Nagaraju on Friday exhorted heads of state-run banks to "work harder and faster" to list subsidiaries on the bourses. Speaking at the listing ceremony of Canara HSBC Life Insurance Company here, Nagaraju said there are over 100 entities and subsidiaries which come under the department headed by him, and listed out the advantages of an IPO.

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Market sentiment upbeat; indices hit 52-week highs

18-10-2025

The domestic securities market continued its upward momentum for the third consecutive session on Friday, reaching a new 52-week high, largely driven by consumption-oriented stocks. Reflecting the upbeat sentiment, the 30-share BSE Sensex had crossed the 84,000-mark before closing 484.53 points higher at 83,952.19. During the day, it surged 705 points to 84,172.24. The 50-share NSE Nifty climbed 125 points to close at 25,709.85 after surpassing 25,700.

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‘Indian telecom top 3 globally, efforts on to make them better’

18-10-2025

Indian telecom services are among the top three globally and efforts are on to further improve them, Union minister Jyotiraditya Scindia said on Friday. He said that more stringent norms for monitoring quality of service at cell level have been put in place from October 1.

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Logistics cost to reduce to single digit by Dec: Gadkari

18-10-2025

Logistics cost in India will come down to single digit by December this year, helped by rapid expansion of expressways and economic corridors, Union Minister Nitin Gadkari said on Friday. Addressing ASSOCHAM Annual Conference 2025, Gadkari further said a recent report prepared by IIT Chennai, IIT Kanpur and IIM Bangalore has revealed that India's construction of expressways and economic corridors has helped reduce the country's logistics cost to 10 per cent from 16 per cent earlier.

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Forex kitty drops to $698 bn; value of gold held by India crosses $100 billion

18-10-2025

India's forex reserves dropped by USD 2.176 billion to USD 697.784 billion during the week ended October 10, according to the Reserve Bank data released on Friday. In the previous reporting week, the overall kitty had decreased by USD 276 million to USD 699.96 billion.

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Govt working on steps to improve supply of rare earth minerals: Goyal

18-10-2025

The government is working on measures to improve supply of rare earth minerals, including negotiating trade pacts with Chile and Peru, promoting domestic exploration, and engaging startups in recycling and processing, Commerce and Industry Minister Piyush Goyal said on Friday.

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