Economy

LIC IPO Open Live News Updates: The initial public offering (IPO) of Life Insurance Corporation of India (LIC), the country’s biggest life insurer, was subscribed 1.38 times so far on the third day of bidding. The issue had got fully…

Mumbai, May 6: The Rupee on Friday dropped 66 paise to close at 76.91 against the USD on brisk selling of US Dollar by bankers and exporters, dealers at the Foreign Exchange said. The local unit that fell 47 paise to 76.72 in early…

Over half of the people who are supplied power by BSES in Delhi did not pay any power bills since the Delhi government’s scheme that gives free power to those consuming less than 200 units of power per month was implemented. According to…

The mega initial public offering (IPO) of Life Insurance Corporation (LIC) received a strong response from investors with 67 per cent of the shares getting sold out on Wednesday, the first day of bidding, despite the stock market plunging…

With edible oil prices continuing on the higher side amid Indonesia banning the palm oil exports, Union Food Secretary Sudhanshu Pandey on Wednesday said that the scenario can’t change overnight as “it’s a reality that supplies from some…

New Delhi, May 3: Continuing the growth momentum, India's merchandise export rose 24.22% in April, 2022 to $ 38.19 billion as compared to $ 30.75 billion in the corresponding month last year. Petroleum products, electronic goods and…

Mumbai, April 8: The Reserve Bank of India (RBI) on Friday has revised its real GDP projection for FY2022-23 to 7.2 per cent in the backdrop of the escalating geopolitical tensions and augmented supply-side disruptions due to the…

Mumbai, April 6: Riding with the current world currency sentiments, Rupee tumbled down 44 paise to close at 75.75 against the greenback on rising demand for US Dollar by bankers and importers, dealers at the Foreign Exchange said. Surging…

Washington, April 7: Feeling the pinch of US sanctions against Sberbank and Alfa Bank, Russian ambassador called these a direct blow to ordinary Russian citizens, Anatoly Antonov told reporters. “The administration's non-stop sanctions…

Colombo, April 03: While problems have been brewing for years, spillovers from the crisis in Ukraine have sent the island nation over the edge. As an unprecedented economic crisis is unfolding in Sri Lanka. And while the country’s problems…

New Delhi, April 01: As Sensex is powering upwards to 59,000 many financial pandits are asking questions, why Indian burses are going up in spite of Russia-Ukraine war and other crises situations prevailing in economy worldwide. As the…

New Delhi, April 1: On the back of strong rebound in economic activities and anti-evasion drive, goods and services tax (GST) collection reached all-time high to Rs 1.42 lakh crore in March, 2022. The revenues for the month of March…

Mumbai, March 17: Even as the ongoing geopolitical crisis has heightened uncertainty, clouding the global macroeconomic and financial landscape, India's macroeconomic fundamentals remain strong, according to a Reserve Bank of India…

New Delhi, March 15 (UNI) The Reserve Bank of India (RBI) is currently working towards a phased implementation strategy for introduction of Central Bank Digital Currency (CBDC), Minister of State for Finance Pankaj Chaudhary said on…

Mumbai, March 7 (UNI) Union commerce and industry minister Piyush Goyal on Monday said India's exports have to contribute to at least USD one trillion as the country aims to become a USD five trillion economy by 2025. Minister…

Hyderabad, Feb 23 (UNI) Joint Secretary, Dept of Commerce, Ministry of Commerce & Industry, Government of India Srikar K Reddy on Wednesday said that India expected to achieve its export target of USD 400 billion by end of March 2022.…

Mumbai, Feb 22 (UNI) Union Minister for Finance, Nirmala Sitharaman on Tuesday chaired a post-budget meeting with heads of banks, non-banking financial institutions (NBFCs) and financial institutions here. Underscoring the importance of…

Washington, Feb 3 (UNI) Private companies in the United States slashed 301,000 jobs in January, indicating a disrupted recovery in the labor market amid Omicron surge, Automatic Data Processing (ADP) reported. "The labor market…

Bihar CM Nitish Kumar describes the Union Budget as a Balanced One