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The first official gauge of the economy’s performance so far in 2024-25 pegs real GDP growth at 6.7% between April and June, a five-quarter low and below the central bank’s projection. The Reserve Bank of India (RBI), which expects a 7.2% GDP growth through 2024-25 following last year’s 8.2% surge, had revised its estimate for…
Union Home Minister Amit Shah during the signing of an MoU between National Co-operative Organic Limited and Uttarakhand Organic Commodity Board, in New Delhi on Friday. | Photo Credit: PTI Union Home and Cooperation Minister Amit Shah said on Friday that it has been proven now that chemicals present in fertilizers are the source of…
Read More “Fertilizers are source of several diseases; switch to organic farming, says Amit Shah ” »
Government final consumption expenditure tanked 0.2% in Q1, while public capital expenditure spends that include projects financed by the Centre, States and central public sector firms, were 33.3% lower than a year ago. | Photo Credit: Getty Images/iStockphoto Signalling a moderation in the economy’s growth momentum, India’s real GDP rose 6.7% in the April to…
Read More “At 6.7%, growth slid to five-quarter low in Q1” »
Steel and cement production also gathered momentum, rising at a three-month high rate of 7.2% and a four-month peak of 5.5%, respectively. File. | Photo Credit: K. Ananthan Output from India’s eight core sectors grew 6.1% in July, rebounding from a blip in June when growth had slid to a five-month low of 5.1%, as…
Read More “Key infra sectors’ growth slows down to 6.1% in July” »
Tata Motors, HDFC Bank, Reliance Industries, Tech Mahindra and ITC were among the laggards. File | Photo Credit: The Hindu Equity benchmark indices Sensex and Nifty marched higher to scale fresh lifetime closing peaks on Friday (August 30, 2024), tracking a largely firm trend in global markets and renewed foreign fund inflows. Buying in index…
Read More “Sensex, Nifty extend gains to scale fresh peaks on firm global cues” »
The rupee consolidated in a narrow range and settled for the day higher by 3 paise at 83.86 (provisional) against the American currency | Photo Credit: Reuters The rupee consolidated in a narrow range and settled for the day higher by 3 paise at 83.86 (provisional) against the American currency on Friday (August 30, 2024),…
Read More “Rupee rises 3 paise to close at 83.86 against U.S. dollar” »
Shares of SpiceJet on Friday morning tumbled over 6%. File | Photo Credit: Reuters Shares of SpiceJet on Friday (August 30, 2024) morning tumbled over 6% after aviation watchdog Directorate General of Civil Aviation (DGCA) decided to place the crisis-hit firm under enhanced surveillance. The stock tanked 6.38% to ₹62 on the BSE after a weak…
Read More “SpiceJet shares slump over 6% as DGCA places carrier under enhanced surveillance” »
Officers attend a training workshop for the 21st National Livestock Census 2024 in Belagavi, in Karnataka, on August 29, 2024. | Photo Credit: Badiger P. K. The 21st National Livestock Census 2024 will be conducted from September 1 to December 31. On August 29, a workshop was held in Belagavi to train officers and personnel…
Read More “For first time, officers will use mobile app for livestock census” »
Equity benchmark indices Sensex and Nifty hit their new all-time high levels during early trade. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty hit their new all-time high levels during early trade on Friday (August 30, 2024), amid the ongoing bullish rally in domestic stocks, tracking firm trends in Asian markets and…
Read More “Sensex, Nifty hit fresh all-time high levels in early trade” »
Rupee appreciated 7 paise to 83.82 against the U.S. dollar. File | Photo Credit: Reuters Rupee appreciated 7 paise to 83.82 against the U.S. dollar in morning trade on Friday (August 30, 2024), supported by significant foreign fund inflows and a positive trend in domestic equities. Forex traders said a rise in global risk sentiments…
Read More “Rupee rises 7 paise to 83.82 against U.S. dollar in early trade” »