Sun, Nov 26, 2023
The market valuation of ITC was down Rs 1,808.36 crore to Rs 5,46,000.07 crore, while that of Infosys dipped Rs 290.53 crore to Rs 5,96,391.22 crore.
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The Minister of State for Science and Technology & Atomic Energy and Space (Independent Charge) said that some foreign agencies like the AKD have predicted that this figure could even go up to USD 100 billion by 2040.
Sat, Nov 25, 2023
Germany's economy shrank in recent months and business confidence is still in the dumps, according to figures, while the government is struggling to overcome a budget crisis that threatens to exacerbate problems in what was already the world's worst-performing major developed economy.
Tue, Apr 19, 2022
The country's largest lender State Bank of India (SBI) has raised its marginal cost of funds based lending rate (MCLR) by 10 basis points (bps) or 0.1 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers.
Mon, Apr 18, 2022
“Centre denies reports of GST council planning to raise 5 pc tax slab to 8 pc,” ANI tweeted
Several states are spending high amounts on populist schemes like farm loan waivers, and with the GST compensation from the Centre ending in June, they need to re-prioritise expenditure in accordance with the revenue receipts, a report said on Monday.
The wholesale price-based inflation rose to a four-month high of 14.55 per cent in March, mainly due to hardening of crude oil and commodity prices, even though vegetables witnessed easing of price pressures.
Sun, Apr 17, 2022
Sources said in order to augment revenue the Council may decide to prune the list of exempt items by moving some of the non-food items to 3 per cent slab.
This comes following a net investment of Rs 7,707 crore by foreign portfolio investors (FPIs) during April 1-8 as a correction in the markets provided a good buying opportunity, data with depositories showed.
Thu, Apr 14, 2022
The focus on capex in the recently announced Budget for the current fiscal year will boost manufacturing and tax revenue collections, thereby keeping India on track to becoming a USD 5 trillion economy, the finance ministry said on Thursday.
Wed, Apr 13, 2022
ICICI Bank and GIFT City Gurajat have come together to attract global investors as well as capital market firms to set up their operations in GIFT SEZ.
Tue, Apr 12, 2022
Consumer price-based inflation jumped to 6.95 per cent in March, mainly on account of costlier food items, according to government data released on Tuesday.
Institutional investments in real estate jumped over two-fold to USD 1.1 billion (Rs 8,375 crore) in the three months ended March 2022 with the opening up of the economy after the third COVID wave, according to property consultant Colliers India.
Fri, Apr 08, 2022
The Reserve Bank on Friday took steps towards normalisation of liquidity management to pre-pandemic levels, with the introduction of the standing deposit facility (SDF) as the basic tool to absorb excess liquidity, and narrowing the liquidity adjustment facility (LAF) to 0.50 per cent from the 0.90 per cent.
Following are the highlights of the RBI's first monetary policy statement of 2022-23 unveiled by Governor Shaktikanta Das:
The Reserve Bank of India on Friday raised the retail inflation target for the current financial year to 5.7 percent on the back of rising global prices amidst the ongoing geo-political tensions.
Thu, Apr 07, 2022
The Indian economy is in good shape as the country's GDP growth rate and foreign exchange reserve are high, former RBI Governor Bimal Jalan said on Thursday.
The Reserve Bank of India on Thursday said existing banks can open digital banking units to offer products and services in both self-served and assisted mode round-the-clock.
Finance Minister Nirmala Sitharaman on Thursday met top executives of Canada Pension Plan Investment Board and Schneider Electric and discussed investment opportunities in the country.
The Reserve Bank of India's rate-setting panel on April 6, started discussions to firm up the next bi-monthly monetary policy amid expectations that it might retain the status quo on the interest rate but change its monetary policy stance amid rising Inflation on account of geopolitical developments.
Wed, Apr 06, 2022
The Reserve Bank of India's rate-setting panel on Wednesday started discussions to firm up the next bi-monthly monetary policy amid expectations that it might retain status quo on interest rate but change its monetary policy stance amid rising inflation on account of geopolitical developments.
The Reserve Bank of India will delay its first interest rate rise by at least four months to August at the earliest, according to a Reuters poll of economists who said the central bank must now start worrying about inflation.
Tue, Apr 05, 2022
Sanjiv Chadha, Bank of Baroda, talks about his outlook for the banking sector in FY23, credit cycle and its growth, and wealth management space among others during an exclusive interview with Zee Business.
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