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Economists feel a prolonged conflict in West Asia could push crude oil prices beyond India’s comfort zone. | Photo Credit: Getty Images/iStockphoto The story so far: The Indian economy, measured in terms of the Gross Domestic Product (GDP) as well as Gross Value-Added (GVA), grew 7.8% between April and June (first quarter or Q1) this…
Read More “What’s in store for the economy in second half? | Explained” »
The U.S. Federal Reserve is widely expected to keep its key short-term interest rate unchanged when it meets next week. File | Photo Credit: Reuters An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth. Friday’s report from the…
Read More “Fed’s preferred gauge shows U.S. price pressures still persistent” »
High inflation will dog the world economy next year, with three-quarters of over 200 economists polled by Reuters saying the main risk is that it turns out higher than they forecast, suggesting interest rates will also remain higher for longer. Several central banks are still expected to begin cutting interest rates by the middle of…
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Onion prices have further risen to Rs 65-80 per kg in the retail market in Delhi on lower supply New Delhi: The government on Saturday imposed a minimum export price (MEP) of USD 800 per tonne on onion exports till December 31 this year with a view to increase availability of the vegetable in the…
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A vegetable vendor arranging onion and other vegetables at a local market, in New Delhi. File | Photo Credit: Sushil Kumar Verma The government on Saturday imposed a minimum export price (MEP) of $800 per tonne on onion exports till December 31 this year with a view to increase availability of the vegetable in the…
Read More “Government imposes minimum export price of $800 per tonne on onion till December 31” »
BSNL will gradually increase network deployment to 6,000 and then to 9,000, 12,000 and 15,000 sites per month. | Photo Credit: REUTERS State-owned telecom firm BSNL is planning to launch 4G service in December at a small scale and then roll it out across the country by June next year, Chairman and Managing Director P.K….
Read More “BSNL plans to launch 4G service in December; pan-India roll-out by June next year” »
Reliance Industries Chairman Mukesh Ambani. File. | Photo Credit: PTI Reliance Industries chairman Mukesh Ambani has received an email threatening to shoot him dead if he failed to pay ₹20 crore, a Mumbai police official said on October 28. The industrialist received the death threat email on Friday, and based on a complaint lodged by…
Prime Minister Narendra Modi addresses at the inauguration of the seventh edition of the India Mobile Congress at Bharat Mandapam, Pragati Maidan, in New Delhi on October 27, 2023. | Photo Credit: ANI Prime Minister Narendra Modi on October 27 hailed telecom operators’ progress in spreading 5G coverage in urban centres, saying that over 80%…
Read More “PM hails progress in 5G, electronics manufacturing in India” »
Image used for representational purpose. V. Sudershan | Photo Credit: V. Sudershan The rupee paused its three-day downward move and settled flat at 83.25 (provisional) against the U.S. dollar on October 27, as the support from positive domestic equities was negated by surging crude oil prices. Forex traders said the rupee consolidated in a narrow…
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Equity benchmark indices Sensex and Nifty on October 27, 2023 reversed their six-session losing streak and rebounded more than 1%/ | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty on Friday (October 27) reversed their six-session losing streak and rebounded more than 1% on value buying in auto, IT, financial and energy stocks. Better…
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