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Economy

FPIs pull out of equities for eighth straight month

Mumbai/New York: As fears of a rate hike by the US Federal Reserve weighed heavily on market sentiment, foreign investors maintained their selling spree in the Indian equities last month, having pulled out pulled out nearly Rs 40,000 crore.…

Jobs in corporate sector, LLPs grew, proprietorships fell

New Delhi: Factories in the country increased by 1.7 per cent year-on-year to 2.46 lakh in 2019-20, employing a total of 1.3 crore workers, as per the provisional results of the Annual Survey of Industries (ASI) released by the Ministry of Statistics…

Davos Summit: Huge investments for Telangana on day 1

Hyderabad: On the first day of World Economic Forum (WEF) in Davos, Telangana IT and Industries Minister KT Rama Rao held a series of meetings with various industry leaders at the Telangana pavilion sources in Davos report. Huge investments have…

India has space to attract $90 bn debt flows: RBI

New Delhi/Mumbai: India has the space to attract debt flows of another $ 90 billion (around Rs 693,000 crore) given the threshold level of the country’s external debt, says a Reserve Bank of India study. “The empirical results suggest that as…

Wheat export: No bar on sanctioned orders

NEW DELHI: Three days after the government decided to ban wheat exports, citing the country’s food security, it sought to clarify its stand on Tuesday. It said it is allowing shipments of wheat consignments already registered with the customs…

Retail inflation at 8-year high of 7.79% in April

India CPI Inflation, IIP Growth Rate: Retail inflation surged to a near 8-year high of 7.79 per cent in April, persisting above the Reserve Bank of India’s (RBI’s) inflation target for the fourth straight month, data released by the National…

Glimmer of hope: Pulses, milk prices fall

IS THE worst of food inflation — 8.38 per cent year-on-year in April — over? Some hope is provided by milk, which has the highest weight among food items in the consumer price index after cereals. And also pulses, besides the likes of onion and…