Economy

After the 40-bp hike in repo rate to 4.40 per cent last month, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is set to go for another rate hike to tackle the elevated inflation level at its upcoming meeting on…

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.…

New Delhi: India's gross domestic product (GDP) decelerated in January-March quarter (Q4) of the financial year 2021-22 to 4.1% as compared to 5.4% in the previous quarter reflecting the impact of restrictions imposed in the wake of Omicron…

MUMBAI: Making a strong case for structural reforms, the Reserve Bank on Friday said they are essential for sustained, balanced and inclusive growth, and also to deal with the after-effects of the pandemic. In its annual report, the…

MUMBAI: Sounding a note of caution, the Reserve Bank said on Friday said there is a risk of high wholesale price inflation (WPI) putting pressure on retail inflation, albeit with a lag. In its annual report, the RBI said that the…

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…

Mumbai: Moody’s Investors Service on Thursday slashed India’s economic growth projection to 8.8 per cent for 2022 from 9.1 per cent earlier, citing high inflation. In its update to Global Macro Outlook 2022-23, Moody’s said…

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…

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…

Mumbai: The Maharashtra Real Estate Appellate Tribunal has directed Lucina Land Developers Limited to pay a 2 percent interest above the marginal cost lending rate of State Bank of India (SBI) for a 32 month-delay in giving possession to…

New Delhi: Finance Minister Nirmala Sitharaman on Saturday announced a number of measures to tackle inflation in the country. Sitharaman tweeted, “Today, the world is passing through difficult times. Even as the world is recovering from…

India will be the “critical driver of demand” in the energy sector in the next 10-20 years, Union Petroleum Minister Hardeep Singh Puri said on Saturday, adding that the measures the Indian government has taken during the pandemic, which…

As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year’s 8.8 per cent but still the fastest-growing major economy, with higher inflationary pressures and uneven recovery…

NEW DELHI: Wholesale price-based inflation soared to a record high of 15.08 per cent in April mainly on account of spiralling prices of food, fuel and other commodities, which may prompt the Reserve Bank to hike interest rates in upcoming…

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…

New Delhi: While stressing on the multi-faceted and deep-rooted nature of the India-Africa relationship, External Affairs Minister S Jaishankar on Tuesday said that the two sides closed ranks to confront the once-in-a century pandemic,…

MUMBAI: Stock market investors and traders brace for a tough week ahead with the benchmark Nifty 50 index perched just above a crucial support of 15671.45, the March low following the Russia-Ukraine conflict. The LIC listing on May 17 will…

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…

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…

Payments startup BharatPe, which has been witnessing a tussle between promoters and investors, on Tuesday said it has decided to claw back former founder Ashneer Grover’s restricted shares in the company. It has also terminated several…