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Representational image only. | Photo Credit: Reuters Equity benchmark indices Sensex gained more than 140 points and Nifty rose 57 points in early trade on September 1 as investors seemed to be relatively cautious amid mixed global cues. Economic growth of 7.8% in the three months ended June, the highest in the past four quarters,…
The rupee appreciated by 9 paise to 82.61 against the US dollar in early trade on Friday, September 1, 2023 tracking cues from positive domestic equity markets on the back of robust macroeconomic data. However, outflow of foreign funds and crude prices hovering around USD 87 per barrel weighed on the domestic unit, according to…
Read More “Rupee rises 9 paise to 82.61 against US dollar in early trade” »
Image used for representational purpose. | Photo Credit: Thulasi Kakkat The government has exempted imports of LPG, liquified propane and liquified butane from 15% agri cess with effect from September 1. The government had in July imposed a 15% agri cess on imports of these goods. Also read | Centre slashes LPG prices by ₹200…
The government had in July imposed a 15 per cent agri cess on imports of these goods. New Delhi: The government has exempted imports of LPG, liquified propane and liquified butane from 15 per cent agri cess with effect from Friday. The government had in July imposed a 15 per cent agri cess on imports…
Read More “Government Exempts LPG Imports From Agriculture Cess” »
The story so far: In its order dated March 2, on the batch of petitions concerning the Adani-Hindenburg matter, the Supreme Court of India had directed the Securities and Exchange Board of India (SEBI) to conduct investigations in accordance with specific terms of reference. The first term was to probe whether there has been a…
The Chief Economic Advisor was briefing media following the release of first quarter GDP numbers. (File) New Delhi: Chief Economic Adviser V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August. India recorded economic growth of 7.8 per cent in…
Photo used for representation purpose only. All of India’s eight infrastructure industries reported growth for the first time in 14 months this July. Electricity output grew 6.9% in July, the fastest pace since February this year. File | Photo Credit: M. Srinath All of India’s eight infrastructure industries reported growth for the first time in…
Read More “Core sectors grew 8% in July, but output 2.2% below June levels” »
Growth in India’s Gross Domestic Product (GDP) and the Gross Value Added (GVA) in the economy sped to 7.8% in the first quarter of this year. | Photo Credit: rawpixel.com Growth in India’s Gross Domestic Product (GDP) and the Gross Value Added (GVA) in the economy sped to a four-quarter high of 7.8% in the…
Read More “Economy grew 7.8% in first quarter, just below RBI estimate” »
The year-ago period, April-June quarter of 2022-23, saw a 13.1 per cent growth. (File) New Delhi: The Indian economy grew 7.8 per cent in the April-June quarter, driven by high private consumption and investment, the fastest in a year that saw a sharp rise in inflation. It marks a rise from a 6.1 per cent…
Read More “Indian Economy Grows 7.8% In April-June, Compared To 6.1% In Last Quarter” »
Bombay Stock Exchange, Mumbai. File | Photo Credit: Arunangsu Roy Chowdhury Benchmark Sensex closed lower by around 256 points in a volatile trade on Thursday, snapping its three-day gaining streak due to selling in banking, FMCG and oil and gas shares amid weak Asian cues. The BSE barometer fell by 255.84 points or 0.39% to…
Read More “Sensex falls 256 points due to selling in banking, FMCG shares on F&O expiry” »