Nifty closes 0.84% higher, cooling off from intraday highs

Tea industry groups back panel's proposal for minimum sustainable price as costs outpace prices

Five tea industry associations have welcomed the government committee's recommendation for a minimum sustainable price for tea. This recommendation aims to address rising production costs that are exceeding the prices received by producers. The proposed benchmark price is linked to wage movements and consumer price indices, which will be reviewed periodically. Producers believe this pricing mechanism will help absorb wage increases and support investment in tea production.

Govt raises price cap for electronic devices to Rs 1.8 lakh for officers; personal retention rights after 4 yrs

The Centre has raised the purchase ceiling for laptops, tablets and similar devices for eligible government officers to ₹1.5 lakh plus taxes, or ₹1.8 lakh for devices with more than 40% Make-in-India content. Officers in Pay Level 12 and above will be eligible, while departments can extend coverage to some lower pay levels, and employees may retain the devices after four years of use.

Things will be known at appropriate time: Sunetra Pawar on NCP merger talks

Maharashtra Deputy CM Sunetra Pawar addressed questions regarding the possible merger of two NCP factions. She stated that further details would be revealed in due time. Several leaders recently met Sharad Pawar, increasing speculation about the merger. The government will celebrate the birth anniversary of Bhagwan Birsa Munda with various programs across the state. Service weeks and health awareness camps are planned, highlighting the importance of the occasion.

In the 1920s, Madrid, New Mexico, grew into a coal-mining town of 2,500; by 1960, only two families remained as demand for coal declined

Once a bustling coal mining hub, Madrid, New Mexico, boasted around 2,500 residents until the arrival of natural gas in 1949 prompted a swift decline in coal usage. By 1960, only two families remained amidst a landscape of deserted homes and shops. However, the 1970s ushered in a renaissance as artists and craftsmen rejuvenated the area, transforming Madrid into a vibrant tourist attraction while preserving its rich mining history.

UPI payment failed but money deducted? How to get a refund and ₹100/day compensation

Iran lists Argentina navy, air force as terrorist organisations

Iran's foreign ministry on Wednesday designated Argentina's navy and air force as terrorist organisations, following a similar move by Buenos Aires months earlier. Earlier this month, Iran made a similar move designating UK's MI6 as a hostile group and the country's Royal Navy and Royal Air Force as terrorist organisations.

Japan's Idemitsu quadruples FY27 profit forecast to $1.86 billion on stronger oil prices

Idemitsu Kosan has raised its profit forecast for fiscal 2026 to 295 billion yen due to strong performance. The company's net profit for the first half of the fiscal year exceeded expectations, reaching 322.4 billion yen. Idemitsu aims to increase its crude oil sourcing from the Middle East following improvements in shipping. Moreover, the Nghi Son Refinery in Vietnam is projected to be profitable in fiscal 2026.

Equity inflows of MFs dip 14% on volatile market

Investors shift to large-caps as inflows surge nearly 10 fold; mid and small-cap funds lose momentum.

Japanese automaker Nissan reduces red ink, vows to return to profit for full year

Nissan Motor Co. has reported a reduced loss of 39.7 billion yen in the first half of the fiscal year. The automaker's sales increased by 8.8% to 6.07 trillion yen due to favorable exchange rates and pricing strategies. Significant challenges remain in the Chinese market, along with increased raw material costs from Middle Eastern unrest.

TCS bags Rio Marathon tech deal; stocks in red

The partnership positions TCS as a technology enabler for Latin America’s largest street running event, which recently earned its first World Athletics Elite Label

'None of their business’: Rubio hits back at Iran over Lebanon’s mention in negotiations

Today’s Gold Rate in India November 11: Gold prices down in Delhi, Mumbai, Kolkata, Chennai, Bengaluru

22, 24 carat Gold prices down across metro cities on November 11