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.
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.
Thu, Jan 13, 2022
India is gaining share in manufacturing exports and share of global merchandise exports is now at an all-time high, Credit Suisse said in a report.
“With a palpable buoyancy in tax collections, we expect the GoI’s gross tax receipts to overshoot the budgeted amount by a healthy Rs 2.5 trillion in FY2022,” Aditi Nayar, Chief Economist, ICRA Ltd said.
Wed, Jan 12, 2022
Retail inflation rose to 5.59 per cent in December, mainly due to an uptick in food prices, government data showed on Monday.
The textile sector in India has continuously maintained a trade surplus with exports manifold higher than imports. However, there has been a deceleration in textile exports due to pandemic disrupting the supply chain and demand.
Tue, Jan 11, 2022
The World Bank on Tuesday cut its forecasts for economic growth in the United States, the Euro area and China and warned that high debt levels, rising income inequality and new COVID-19 variants threatened the recovery in developing economies.
Mon, Jan 10, 2022
After a continuous sell-off in the past three months or so, foreign portfolio investors have turned net buyers in the first week of January in the Indian equity segment, data showed.
T V Narendran, President – CII and CEO & Managing Director, Tata Steel Limited, talks about the economy and the visible challenges, and more during an exclusive interview with Swati Khandelwal, Zee Business.
Total employment generated by nine select sectors stood at 3.10 crore in the July-September 2021 quarter, which is 2 lakh more than that of the April-June period, according to a quarterly employment survey by the labour ministry released on Monday.
Fri, Jan 07, 2022
Releasing the first advance estimates of National Income for 2021-22, the NSO stated, "The growth in real GDP during 2021-22 is estimated at 9.2 per cent as compared to the contraction of 7.3 per cent in 2020-21."
India is expected to overtake Japan as Asia's second-largest economy by 2030 when its GDP is also projected to surpass that of Germany and the UK to rank as world's No.3, IHS Markit said in a report.
Thu, Jan 06, 2022
The commerce and industry ministry is making changes in the foreign direct investment (FDI) policy to facilitate disinvestment of the country's largest insurer LIC, after taking views from the finance ministry, a top government official said on Thursday.
Budget 2022 Expectations: There are a lot of anticipations and discussions regarding the upcoming Union Budget 2022. Union Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2022 on February 1.
As per India Ratings and Research (Ind-Ra) estimates, rising cases of the Omicron variant of Covid-19 and the subsequent curbs will have an adverse impact on India's Q4FY22 GDP.
Union Minister of Finance Nirmala Sitharaman will present the Union Budget on February 1, 2022. When the Finance Minister presented the budget last year, health and rural infrastructure development.
In an important update, the Department of Expenditure, Ministry of Finance, today released a monthly Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore to 17 states.
Wed, Jan 05, 2022
The activity in the Indian service sector in moderated in December as business activity and sales rose at a softer pace, while price pressures and the possibility of new waves of COVID-19 affected business sentiment, a monthly survey said on Wednesday.
The International Monetary Fund’s spokesperson has said on Tuesday that the World Economic Outlook would be released on Jan. 25, a week later than anticipated, to take into account the latest COVID-19 developments, amid concerns that another downgrade is on the way.
Tue, Jan 04, 2022
LIC is the largest asset manager in India with Rs 36.7 trillion AUM. LIC's AUM on a standalone basis was equal to 18 per cent of India's GDP for FY21.
The Micro, Small & Medium Enterprises (MSME) sector is upbeat that the forthcoming Budget is expected to provide much-needed impetus to the economy.
India expects to achieve its export target of $400 billion in the current fiscal year that runs through March, Trade Minister Piyush Goyal said on Monday.
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