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Business

Accelerating to highest level in four months, India's service activity, measured by Purchasing Manager's index (PMI) rose to 59. 3 December, up from 58. 4 in the previous month.

The Indian government launched the Production-Linked Incentive (PLI) 1.1 scheme for specialty steel on Monday, unveiling a revamped version designed.

The Ministry of Chemical and Fertilizers in a release on Monday said that Jan Aushadhi outlet sold medicines worth over 1255 crore rupees till November end 2024. 

India enters 2025 in a robust economic position, with high-frequency indicators showing accelerated growth in Q3 FY25, according to a Bank of Baroda (BoB) report.

On Monday, Titagarh Rail Systems delivered its first Made-in-India driverless trainset to Bengaluru Metro's Yellow Line.

With the Reserve Bank of India (RBI) adding 8 tonnes, bringing its year-to-date purchases to 73 tonnes. This raised India's total gold reserves to 876 tonnes.

On Tuesday, Low-cost carrier Akasa Air announced the appointment of Belson Coutinho as its Chief Operating Officer (COO).

The Sensex rose 327.86 points (0.42%) to 78,292.85, while the Nifty gained 128.80 points (0.55%) to 23,744.85.

The Indian stock market experienced a significant downturn on Monday, with domestic benchmark indices falling by more than 1.5%.

The Indian stock market, which started the day on a positive note, turned red by the afternoon as both benchmark indices experienced sharp declines.