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.
Sun, Dec 04, 2022
India will get its fair share of Foreign Portfolio Investors (FPIs) money, however, the high valuation will be a deterrent, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
Abdulla Abdul Aziz Alshamsi, Acting Director General of Abu Dhabi Investment Office (ADIO) told PTI that his office will facilitate all investment avenues for Indian companies and called this as a natural extension of the growing relations between India and the UAE.
The official said that the measures announced by the government for the toys industry like introduction of quality control orders and increasing customs duties from 20 per cent to 60 per cent has helped in cutting down sub-standard imports and promoting domestic manufacturing in the country.
The minister had a meeting with over 40 CEOs of telecom gear makers that have qualified for production linked incentive scheme and decided to set up 4-5 task forces to provide market support to them as well as streamline their business for value addition in the economy.
Sat, Dec 03, 2022
The G20's Bali Declaration last month acknowledged differences among members on the Russia-Ukraine war but stressed that it was essential to adhere to international law, including the protection of civilians caught in conflicts.
The US said the price cap is an "important tool" to restrict the revenue Russia receives to fund its illegal war in Ukraine, while also maintaining a reliable supply of oil onto global markets.
In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.
Fri, Dec 02, 2022
Budget 2023: A government panel has told the finance ministry that local tax rules deter investment in the shipping industry, compared to the tax regimes of Singapore, Malta, Cyprus and Panama, where the majority of global carriers were registered.
Wed, Nov 30, 2022
A committee headed by Kirit Parekh has submitted its recommendation on gas pricing formula to the government on Wednesday. In an exclusive chat with Zee Business, Chairman of the Sustainable Gas Pricing Committee gives detailed insights
Mon, Nov 28, 2022
S&P had in September projected the Indian economy to grow 7.3 per cent in 2022-23 and 6.5 per cent in next fiscal year (2023-24).
The rating agency expects greater competition for deposits over time, for example through higher rates on deposit accounts, as banks' liquidity buffers fall in their pursuit of loan growth.
As retail inflation in India continues to remain above the RBI's comfort zone for the past 10 months, analysts feel that more hikes are expected in future.
Sat, Nov 26, 2022
India's exports to the UAE rose by 12.5 per cent to USD 12.67 billion in June-October 2022. Imports during the period have increased by 21 per cent to USD 22.2 billion, Joint Secretary in the department, Srikar Reddy, told.
Mon, Nov 14, 2022
The research highlights a growing disconnect between what professionals want and what employers are now offering, with the balance of power shifting back to employers as hiring slows.
Sat, Nov 12, 2022
The rate-setting Monetary Policy Committee headed by the RBI Governor has been mandated by the government to keep inflation within 2-6 per cent range. On the Indian economy, Das said the macroeconomic fundamentals remain strong and growth prospects are looking good.
Fri, Nov 11, 2022
Global economy is on the verge of a downturn amid extraordinarily high levels of uncertainty amid persistent inflation, monetary policy tightening, fiscal challenges, geopolitical shifts and financial market volatility.
Tue, Nov 08, 2022
In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in its domestic market.
Mon, Nov 07, 2022
Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding.
Sun, Nov 06, 2022
The sugar production in the new 2022-23 season commenced in Maharashtra and Karnataka from October onwards, whereas in Uttar Pradesh and rest of the cane growing states, it will kick off in a week's time.
"Overall, all things considered, including the risk of oil price, I do believe that the external situation will be manageable, of course with some anxious moments to come," V Anantha Nageswaran said.
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