Browsing Category
Economy
After four weeks of decline, forex reserves rise by $3.68 billion
In the immediate past week ending April 26, the overall kitty had dropped by $2.412 billion to $637.922 billion.
India allows export of non-Basmati white rice to Mauritius
While initially amending the rice export policy, DGFT maintained that the export would be allowed based on permission granted by the government to other countries to meet their food security needs.
India saved USD 13 billion by importing discounted Russian crude
The share of crude petroleum imported from Russia surged to around 36% in the 11 months of the fiscal year 2024 from a mere 2% in the fiscal year 2022.
After four months, onion export to 6 countries allowed
Onion exports were banned on December 8 last year until March 31, 2024, to control domestic prices. This ban was later extended due to concerns about price inflation.
Sensex climbs 640 points; Nifty tops 22,300-level in early trade
The BSE benchmark climbed 599.34 points or 0.83 per cent to settle at 73,088.33 on Friday.
Yarn-maker Sanathan Textiles scales down IPO to Rs 800 cr from Rs 1,300 cr
The IPO comprises fresh issue of Rs 500 crore and an offer for sale of up to Rs 300 crore by promoters and promoter groups
Crude import bill declines by 16% in FY24
As per the data, domestic production of petroleum products has shown positive growth. Output in March 2024 was 1.5% higher than March 2023, and for entire financial year, it grew by 3.6% compared to the previous year.
Market falls for third session; US bond, gold price rise on Middle-East tension
This is a major dampener for global equities but a positive for the bond market.
Coal India Limited’s capex rises 6.5% to record Rs 19,840 crore in 2024
In the previous financial year, the capex was Rs 18,619 crore.
2023 was a record year for wind installations as world ramps up clean energy
The global cumulative wind power capacity now totals 1,021 gigawatts.
Why is financial literacy falling short?
Financial literacy is not merely answering a few questions about interest rates, rates of return, or inflation. It can be estimated based on financial knowledge, financial behaviour, and financial attitude.
From 25k to 75k: Tracking India’s equity market in the past decade
The BSE Sensex has roughly added 50,000 points in just one decade and the broader NSE Nifty50 has sprinted from 7,400 to 22,500 levels.
Oil demand to rise by 0.2 mn bl/day
Annual traditional festivities are expected to support transportation activity and boost petrol, while the ongoing air travel recovery is expected to bolster jet or kerosene demand.
A golden week for India’s forex reserves
The rise in reserves has been led by the yellow metal, which has been on fire for many months now.
India’s economic performance good, efforts needed to sustain it: EAC-PM member Sanjeev Sanyal
"While we are very confident of our domestic growth momentum in our economy, there are certainly concerns about the external environments, which are not quite settled," Sanyal said.
Red-hot cocoa price melts profit at world’s top chocolate-maker
On Monday, New York cocoa futures hit a record high of nearly $10,500 per tonne, having soared 140 percent since the start of the year.
Global trade to recover this year; geopolitical tensions risk: A WTO forecast
The World Trade Organisation (WTO), however, lowered the trade growth projection for 2024 to 2.6 per cent.
Q1 sees highest quarterly equity raising on record at $14.8 billion
What is interesting is that the top 10 players have controlled 70 percent or $10.46 billion of the total $14.8 billion market in Q4.
Indo-Pacific economic framework for prosperity to organise clean economy investor forum in Singapore
IPEF provides a platform for countries in the region to collaborate on advancing resilient, sustainable, and inclusive economic growth, and aims to contribute to cooperation, stability
Pakistan’s delicate Eid bangles go from furnace to forearms
They are often sold by the dozen, starting at around 150 rupees (about 50 cents) and rising to 1,000 rupees as stones and silk are added.