Economy

Mumbai: The BSE Sensex on Tuesday registered massive gains of 1276.66 pts regaining 58K level to close at 58,065.47 on the strength of Metal, IT, FMCG and Bankex stocks amid strong Asian peers. The Nifty of National Stock Exchange (NSE)…

New Delhi: With festive season around the corner, Confederation of All India Traders (CAIT) has estimated that sales during this Diwali will touch a turnover of Rs 125 lakh crore. The Delhi-based traders' body on Sunday in a statement…

Mumbai: The equity market remained under pressure for the sixth straight session on Wednesday as the the BSE Sensex tumbled 509.24 points to 56,598.28 as selling was seen in metal, bankex, power and utilities stocks. The Nifty of the…

Mumbai: The Rupee continued to slid on Wednesday too, as it plugged 29 paise to a new record low at 81.87 versus the greenback amid slumping equity market in early trade. The Indian currency which has been under pressure for the…

New Delhi: Gross direct tax collections in the current financial year 2022-23 up to date, posted 35.46 per cent year-on-year rise to Rs 6.48 lakh crore with both corporate income tax and personal income tax showing robust growth, as per the…

New Delhi: India’s external debt stood at $ 620.7 billion as at end-March 2022 registering an increase of 8.2% over $573.7 billon as at end-March 2021, according to the 28th edition of Status Report on India’s External Debt 2021-22. In the…

New Delhi: Growing at the fastest pace among major economies, India has leaped past the UK to become the fifth largest economy in the world. As per a report by an international news agency, India achieved the feat in the final three…

New Delhi: Aided by low base, India's Gross Domestic Product (GDP) grew 13.5 per cent in the April-June quarter (Q1) of the current financial year 2022-23 as compared to 20.1 per cent in the corresponding quarter last year. The second wave…

New Delhi: India may become a $20 trillion economy by 2047 with a per capita income rising upto $10,000 in the next 25 years, according to Dr Bibek Debroy, Chairman, Economic Advisory Council to the Prime Minister (EAC-PM). "So even if you…

Seoul: South Korea's currency tumbled on Monday as hawkish comments, made by US Federal Reserve Chair Jerome Powell, led to a strong US dollar. The won/dollar exchange rate finished at 1,350.4 won per dollar, up 19.1 won from the previous…

New Delhi: On the back of favorable base, India's factory output measured by Index of Industrial Production (IIP) grew by 12.3% in June this year reflecting ongoing economic recovery post-pandemic. As per the data released by the Ministry…

Bengaluru: Bibek Debroy, Chairman of the Prime Minister's Economic Advisory Council, said the vision of making India a $5 trillion economy will be delayed by two to three years due to the loss of development trajectory during the Covid-19…

New York: New York City Mayor Eric Adams has said President Joe Biden is wrong in denying that the United States is in a recession and warned the financial sector that has powered the US economy for more than 200 years is now on the brink…

Washington: The US Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points, the second in a row of that magnitude, as elevated inflation showed no clear sign of easing. "Inflation remains elevated, reflecting…

ईपीएफओ सिफारिश: रिटायरमेंट फंड बॉडी कर्मचारी भविष्‍य निधि संगठन (EPFO) इस महीने इक्विटी में अपने निवेश को मौजूदा 15 फीसदी की सीमा से 20 फीसदी तक बढ़ाने के प्रस्ताव को मंजूरी दे सकता है। बिजनेस स्‍टैंडर्स की एक रिपोर्ट के…

Washington: The US government budget deficit increased by $89 billion to reach $515 billion in June on increased spending after months of expenditure cuts of funds for the expiring coronavirus pandemic-related aid programs, the Treasury…

Athens: Inflation in Greece reached 12.1 per cent year-on-year in June, which is the highest rate since November 1993, the Greek statistical service Elstat said on Friday. Prices in Greece rose by 1.6 per cent compared to May, the agency…

 Chennai: Tamil Nadu Governor R.N. Ravi today said the integrated GST taxation system in the country was a win-win for all states. Inaugurating the fifth GST day celebrations here, he applauded the contributions of the officials of the…

Washington: The US Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points, marking the sharpest rate hike since 1994, as reports in recent days indicated inflation showed no clear sign of easing. "Inflation…

Washington: The global economy is on track to grow by 2.9 percent in 2022, down 1.2 percentage points from the January projection, the World Bank Group said in its latest Global Economic Prospects released on Tuesday, warning of stagflation…