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US economy posts 2.8 percent growth in April-June quarter
Washington: The US economy, despite high interest rates, grew at 2.8 percent in the second quarter -- double the rate of 1.4 percent that it saw in the January-March period. The significant growth is mainly attributed to increased consumer…
Early Axis Bank losses pull Sensex, Nifty.
MUMBAI: Equity market benchmark indices Sensex and Nifty tumbled in early trade on Thursday, continuing to decline for the fifth day running, dragged by Axis Bank and overall bearish global market trends.
The announcement of a hike in…
Over 70% intraday retail traders in cash segment lose money: Sebi
MUMBAI: A study carried out by the market watchdog Sebi has found that more than seven out of ten (71 percent to be precise) retail traders who engaged in intraday trading in the cash segment lost money in FY23.
The study also noted that…
Capital gains tax shocker for real estate
NEW DELHI: The real estate sector was in for a shock as the government on Tuesday removed the indexation benefit on long term capital gains on unlisted assets including real estate. Though the government has reduced the long term capital…
Market likely to remain volatile on Budget Day
Mumbai: India’s equity market is expected to witness increased volatility on Budget Day (July 23) even as the central government is likely to keep its focus on fiscal prudence and capital expenditure-led growth. India’s equity market…
Infrastructure projects face land acquisition hurdles
NEW DELHI: Despite the large build-up of connectivity infrastructure and energy-related assets, both sectors reported the need for corrections in the delay in land acquisition, and land-related clearances, said the Economic Survey of 2024…
India’s energy demand to grow 2.5 times by 2047
NEW DELHI: India’s energy needs are expected to grow by 2 to 2.5 times by 2047 to meet the developmental priorities and aspirations of a growing economy, according to the Economic Survey tabled in Parliament on Monday.
As per the survey,…
Land deals fell in Q2 due to rising prices.
NEW DELHI: Land acquisition by developers and other entities plunged in the second quarter of this year (April-June) as the 2024 general elections and skyrocketing land prices dampened sentiments. The number of land deals closed in Q2 2024…
Indeed reports more manufacturing jobs in India.
New Delhi: Indian manufacturing appears to be growing, creating more jobs. Indeed, the largest global hiring and matching platform, reports increased job openings in the sector and a need for new talents.
The Indian industrial industry…
Chemical industry needs government intervention to grow: J P Nadda
New Delhi: Union Chemicals and Fertilizers Minister Jagat Prakash Nadda said Saturday that the government will adjust its policies and programs to help the chemicals and petrochemicals industry grow.
The minister spoke after starting the…
Forex kitty up by $10 billion to $667 billion
MUMBAI: The country’s forex reserves, a key monetary defence against external risks, have rallied by a whopping $10 billion to touch an all-time high of $666.85 billion as of the week ending July 12, boosted by the heavy inflow into…
On Day 1, Sanstar’s Rs 510 crore public offering sold 4.16 times.
NEW DELHI: The initial public offering of Sanstar Ltd was fully subscribed on the first day of subscription on Friday.
The plant-based speciality products company’s Rs 510-crore initial share-sale received bids for 15,62,64,000 shares…
Portal for non-tariff barriers in 2-3 months
NEW DELHI: An online platform designed for the registration and resolution of non-tariff barriers (NTBs) affecting exporters is anticipated to launch within the next two-three months, said Rajesh Agarwal, additional secretary with Commerce…
IT failure, profit booking before Budget knock off Rs 8 lakh crore from equities market.
Mumbai: Snapping a four-day winning rally, India’s equity market benchmarks – BSE Sensex and NSE Nifty50 – took a beating on Friday due to a global sell-off, triggered by operating system issues that caused devices to crash worldwide.…
Doctor Aapke Dwar-initiative by India Red Cross gets REC funding
Gurugram: REC Limited, a Maharatna power sector enterprise and leading NBFC, has signed a MoA with the Indian Red Cross Society a financial commitment of Rs. 10 Cr for the procurement and deployment of nine Mobile Medical Units (MMUs) and…
Centre targets $500 billion electronics manufacturing by 2030
New Delhi: The government has set a target of reaching $500 billion worth of electronics production in the country by 2030. According to a report published by Niti Aayog, a $500 billion electronics manufacturing sector would create 5-6…
Nifty is 200 points from 25,000.
Mumbai: The NSE Nifty50, one of the two benchmarks of the Indian equity market, is now just 200 points away from hitting the 25,000 milestone. Closing in green for the fourth consecutive session, the NSE barometer gained 187.85 points or…
Chattisgarh to connect directly to Ayodhya
NEW DELHI: Chhattisgarh Chief Minister Vishnu Deo Sai today met Union Road Transport and Highways Minister Nitin Gadkari and discussed significant infrastructure projects aimed at enhancing connectivity and promoting economic growth in the…
Sources say India will ease rice export curbs as stocks reach record highs
New Delhi: India is likely to cut the floor price for basmati rice exports and replace the 20% export tax on parboiled rice with a fixed duty on overseas shipments, government sources said, as rice inventories in the country jumped a record…
Chhattisgarh CM Shri Vishnu Deo Sai meets Union Railways Minister
Chief Minister stresses on expanding Chhattisgarh's rail network to boost social and economic development. Railway Minister assured speedy work on projects.
