Wednesday, July 24, 2024
NEW DELHI — It was an action-packed week, with markets volatile but range-bound for the first four days. On Friday, it appeared that markets had taken steroids and gained sharply, making new highs on an intraday basis as well as a closing basis.&nb...
14 Jul 2024
ENW DELHI — India’s defence exports have recorded a 30-fold quantum leap over the last 10 years from a mere INR 686 crore in the financial year 2013-14 to a record INR 21,083 crore in FY 2023-24, reflecting the global acceptability of Indian defe...
14 Jul 2024
NEW DELHI — In a bid to establish uniformity for packaged commodities, the Department of Consumer Affairs on Sunday proposed to amend rules for packaged commodities meant for retail sale. The Department of Consumer Affairs said it aims to amend the...
14 Jul 2024
NEW DELHI — Keeping up with the growth momentum in the Indian real estate industry, the domestic investors pumped in around $638 million (more than INR 5,327 crore) in the real estate sector in the second quarter this year, from $127 million in the...
14 Jul 2024
MUMBAI — Given the country’s innate strengths, it is possible to imagine India striking out into the next decade to become the second largest economy in the world not by 2048, but by 2031, and the largest economy of the world by 2060, RBI Deputy ...
13 Jul 2024
NEW DELHI — As India embarks on its journey to become ‘Viksit Bharat’ by 2047, it’s important that we have appropriate credit ratings and call out global agencies for biases and lack of transparency for not objectively assessing I...
13 Jul 2024
NEW DELHI — The net foreign portfolio investor (FPI) inflows turned green this month, both in the equity and debt segment, and as India enters ‘Amritkaal’, the FPI community will play a major role in positioning it as the third largest ...
13 Jul 2024
NEW DELHI — India has shown remarkable resilience amid global challenges by continuously moving on a high growth trajectory on the back of prudent policy measures and vigilant monetary policy stance, industry experts said on Saturday. The foreign e...
13 Jul 2024
NEW DELHI — The food prices are projected to cool off in the coming months and the inflation trajectory to soften and stabilise between 4 and 4.5 per cent, industry experts have said. India’s consumer price inflation (CPI) edged up to 5.08 per ce...
13 Jul 2024
NEW DELHI — Retail inflation increased to four-month high of 5.08 per cent in June as food items, including vegetables became dearer, according to government data released on Friday. The Consumer Price Index (CPI) based retail inflation was on a de...
12 Jul 2024
SHILLONG — Minister of Development of North Eastern Region (DoNER) and Communications, Jyotiraditya Scindia on Friday said that Prime Minister Narendra Modi’s vision of ‘Purvodaya’ for this region would be the gateway of India’s progress. S...
12 Jul 2024
NEW DELHI — Indian Railways has recorded a 59.6 million tons increase in its coal loading during the financial year 2023-24 to reach a record 787.58 million tons from the corresponding figure of 727.98 million tons in 2022-23, according to figures ...
12 Jul 2024
SEOUL — Samsung Electronics said on Friday it has participated in a Series D investment round for the US biotech company Element Biosciences as a strategic investor, expecting to create synergy in the potential medical and digital health care secto...
12 Jul 2024
NEW DELHI — The Union Budget 2024-2025 will strengthen the narrative of ‘Viksit Bharat’ by 2047 along with more job creation, following a transformation witnessed in the last 10 years across economic parameters, a report showed on Friday. The b...
12 Jul 2024
MUMBAI — The rupee settled for the day 5 paise lower at 83.56 (provisional) against the US dollar on Thursday, weighed down by a weak tone in domestic markets and a recovery in crude oil prices. Forex traders said rupee traded with a slight negativ...
11 Jul 2024
NEW DELHI — With real estate companies worth $36 billion in 2024, India is accelerating to become the real estate capital of Asia, pushing away China in terms of growth rate, a new report said on Thursday. China’s real estate market is facing sig...
11 Jul 2024
NEW DELHI — Retail inflation for industrial workers eased to a 4-month low of 3.86 per cent in May compared to 4.42 per cent in the same month a year ago, according to the latest data released by the Labour Ministry. The Consumer Price Index-Indu...
11 Jul 2024
NEW DELHI — Maruti Suzuki India Ltd on Wednesday announced that it is expanding the accelerator programme to include global startups, as it aims to further support the government’s ‘Make in India’ and ‘Startup India’ initiatives. Both Ind...
10 Jul 2024
COLOMBO — Sri Lanka held talks with the OPEC Fund for International Development for 100 million US dollars in assistance for a water security project, said a state minister on Wednesday. In a social media post, State Minister for Finance Shehan Sem...
10 Jul 2024
NEW DELHI — The Association of Indian Medical Device Industry (AiMeD) on Wednesday urged the government to make a strategic hike in customs duty on medical devices “to a nominal 10-15 per cent.” In its pre-budget memorandum, submitted to the Mi...
10 Jul 2024
MUMBAI — Indian equity indices opened in red on Wednesday following pressure in banking stocks. At 9:55 a.m., Sensex was down 228 points or 0.28 per cent, at 80,123 and Nifty was down 58 points or 0.24 per cent, at 24,378. Banking stocks are leadin...
10 Jul 2024
NEW DELHI — India’s domestic air passenger traffic rose to 132.8 lakh in June this year which represents a 6.3 per cent increase over the corresponding figure for June last year and reflects a robust 10.4 per cent jump over the pre-Covid levels, ...
09 Jul 2024
MUMBAI — The benchmark indices opened on a high on Tuesday, with Sensex crossing the 80,000 mark again led by auto and pharma stocks, gaining over 200 points in morning trade. The NSE Nifty rose by 47 points and was trading at 24,368. According t...
09 Jul 2024
NEW DELHI — The Telecom Regulatory Authority of India (TRAI) on Monday issued tariff orders and regulations to reduce the regulatory burden on distribution platform operators (DPOs) amid the migration of pay-TV customers to other platforms. The not...
08 Jul 2024
MUMBAI — The RBI on Monday announced that it has cancelled the licenses of two non-banking financial companies (NBFCs) for violating its guidelines. The NBFCs include Polytex India Ltd, based in Mumbai, and Finserv India Ltd which operates out of B...
08 Jul 2024
