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, Mar 15, 2022
The ongoing conflict between Ukraine and Russia is unlikely to have any major impact on the Indian rupee and the forex volatility in the country (USD/INR) has been much less now as compared to the global financial crisis which took place in 2008, SBI said in its Ecowrap research report.
Myanmar will start accepting the Thai baht currency for settling border trade transactions and is also looking at a similar plan to use the Indian rupee for such trade, the ministries of information and investment said on Tuesday.
Mon, Mar 14, 2022
The Government could give input tax credit to hotel and restaurant industry which is currently not given at the current 5 percent GST levy, Zee Business' Tarun Sharma reports.
Fri, Mar 11, 2022
Strengthening economic recovery and stable financial metrics will help state-owned banks have stable earnings during the next financial year, aided by the gradual unwinding of regulatory forbearance through the year, according to a report
Bank credit grew by 7.9 percent to Rs 116.27 lakh crore and deposits rose by 8.6 percent to Rs 162.17 lakh crore in the fortnight ended February 25, RBI data showed.
Thu, Mar 10, 2022
Indian retail inflation likely slipped marginally in February, thanks to lower food prices, according to economists in a Reuters poll who still warned that surging oil prices will push inflation much higher in the coming months.
Tue, Mar 08, 2022
Rating agency Icra has warned of serious downside risks to the economy next fiscal with runaway current account deficit, steep fall in the rupee and a hardening yields on government bonds, as a result of the Russian-Ukraine crisis and the resultant spike in crude and other commodity prices.
Oil price has been surging unabated amid escalating tensions between Russia and Ukraine.
Sat, Mar 05, 2022
Tariff hikes as well as continued increase in data usage is expected to accelerate telecom industry`s revenue growth in FY23.
The sharp exodus of foreign investors funds from Indian equity market has been compensated by domestic investors.
India`s footwear industry is expected to reach the pre-pandemic levels with a revenue growth of 8-to-10 per cent year-on-year in FY23.
Thu, Mar 03, 2022
Riding on a possible supply disruption of foodgrains - especially wheat -- due to the ongoing war in Ukraine, wheat`s prices have hit a record high in India. Both Russia and Ukraine are major producers of wheat.
Keen to keep government deficit within stated targets, the finance ministry will from March 15 start daily monitoring of the revenue receipts, including tax collections, as well as expenditure.
Prime Minister Narendra Modi, while giving the examples of new demand and opportunities in sectors like semi-conductors and electric vehicles, said manufacturers should move with a sense of removing dependencies on foreign sources.
The creator economy in the country has the potential to emerge as a soft-power impacting economic growth, job creation and even cultural influence.
Wed, Mar 02, 2022
Finance Minister Nirmala Sitharaman said that the Government was reviewing the launch of Initial Public Offering (IPO) the Life Insurance Corporation of India (LIC).
Inflation in Europe hit a record high for the fourth month in a row, raising questions about when the central bank should step in to ease the pain to people's wallets.
India's factory activity growth accelerated in February as the threat from a third COVID-19 wave eased, a private survey showed.
"Many key fintech themes are changing the composition of the economy."
Tue, Mar 01, 2022
The ongoing crisis in Ukraine is set to push the country's import bills beyond the USD 600 billion mark this fiscal.
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