Business

New Delhi, Indian Energy Exchange (IEX) has recorded a 6.5 percent annual growth (y-o-y) in power trading volumes in June to 10,852 million units (MU). A total of 32.32 lakh renewable energy certificates (RECs) were traded in the trading sessions held on June 11 and June 25, with a clearing price of Rs 350/REC and Rs 360/REC, respectively. The next REC trading sessions are scheduled for July 9 and July 25, the country's leading power exchange said in a statement. In the Day-Ahead Market (DAM), IEX achieved 4,610 MU volumes in June as against 4,849 MU in June last year, showing a decline of 5 percent year-on-year (y-o-y). Volumes in the real-time electricity market in April grew 34 per cent year-on-year to 4,312 MUs from 3,213 MUs in the same period a year ago. The IEX Green...

Hiring for white collar jobs grew 20% year-on-year (YoY) in June, led by opportunities in tier II markets, PTI reported on Wednesday, citing data from the Foundit.in tracker. According to the tracker, India's tier II cities drove the country's employment growth. The Foundit Insights Tracker is based on online job posting activity on Foundit.in. The Foundit Insights Tracker (earlier called the Monster Employment Index) is a report based on a comprehensive monthly analysis of online job posting activity on the Foundit.in platform. Coimbatore witnessed a growth in opportunities with a 26% increase, followed by Nagpur and Nashik at 24% each, with sectors such as IT, BFSI, manufacturing and FMCG contributing mainly. "The shift in hiring momentum towards tier II cities, especially i...

Tesla Inc.'s global sales fell for a second consecutive quarter, pushing the carmaker deeper into a deep slump to avoid a consecutive annual decline. The company delivered 384,122 vehicles during the past three months, down 13% from a year earlier.  Tesla now has to overcome a roughly 110,000-car shortfall in the second half to return to growth this year. Sales managed to surpass the most pessimistic analysts' estimates, with the most bearish analysts predicting a more than 20% drop. Tesla shares surged after the report, rising as much as 4% at the open of regular trading on Wednesday. The figures stand in contrast to Elon Musk's claim in mid-May that Tesla's car business had recovered from an early-year slump thanks to his work in the Trump administration. Sales could be...

New Delhi, Gross GST collections rose 6.2 percent to over Rs 1.84 lakh crore in June, according to government data released on Tuesday. The gross GST collections during the same month a year ago stood at Rs 1,73,813 crore. During the previous month, the Goods and Services Tax (GST) collections stood at Rs 2.01 lakh crore. GST collections hit a record high of Rs 2.37 lakh crore in April this year. In June, gross revenue from domestic transactions rose 4.6 percent to around Rs 1.38 lakh crore, while GST revenues from imports rose 11.4 percent to Rs 45,690 crore. The gross central GST revenue in June stood at Rs 34,558 crore, state GST revenue at Rs 43,268 crore and integrated GST at around Rs 93,280 lakh crore. Revenue from cess stood at Rs 13,491 crore. Meanwhile, total r...

New Delhi, Aluminium prices rose by 40 paise to Rs 248.25 per kg in futures trade on Monday due to fresh deals by speculators amid positive trend in the spot market. The price of aluminium contract for July delivery rose by 40 paise or 0.16 per cent to Rs 248.25 per kg in Multi Commodity Exchange in which 4,202 lots were traded. Analysts said that fresh deals by traders amid demand from consumer industries supported aluminium prices in the futures market.

New Delhi, Silver prices on Friday fell by Rs 321 to Rs 1,07,576 per kg as participants reduced their bets. The price of silver contract for September delivery on the Multi Commodity Exchange fell by Rs 321 or 0.3 per cent to Rs 1,07,576 per kg in a business turnover of 12,145 lots. Analysts said selling by participants at current levels in the market mainly affected silver prices. Globally, silver futures in New York were trading 0.39 percent lower at $36.78 an ounce.