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State-owned Coal India (CIL) on Monday said its supply of fossil fuel to the country’s coal-fired power plants increased by 6% to 23.5 million tonnes (MT) in the first half of October, ahead of the festive season. It was 22.2 MT during the same time last year. The supply was increased amid a sudden rise…
Read More “Ahead of festive season, Coal India’s supply to power plants rises 6% in October” »
Petrol sales dropped to 1.17 million tonnes during the first half of October from 1.29 million tonnes a year earlier. | Photo Credit: Manvender Vashist Petrol and diesel sales fell in the first half of October ahead of the start of the festival season that is expected to boost consumption, preliminary data of state-owned firms…
Read More “Petrol, diesel sales fall ahead of start of festive season” »
File image. | Photo Credit: VIJAY SONEJI The Adani Group has reacted to the alleged ‘cash for question’ in the Parliament about the Group raised by a BJP parliamentarian against TMC MP Mahua Moitra, saying this development corroborates the conglomerate’s recent statement where it said that “some groups and individuals have been working overtime to…
Gold price plunged ₹350 to ₹60,150 per 10 grams in the national capital on Monday amid weak cues in international markets, according to HDFC Securities. The precious metal had closed at ₹60,500 per 10 grams in the previous trade. Silver also declined ₹300 to ₹74,000 per kg. In the global markets, both gold and silver…
In September 2023, 25% of the respondents said their income levels had improved compared to a year ago — the highest for any September after 2018. A relatively high share of urban consumers entered the 2023 festival season with more confidence than seven years ago. The conclusion is based on the September 2023 edition of…
Read More “Festive cheer: Urban consumer confidence at seven-year peak | Data” »
Inflation in food articles eased to 3.35 per cent in September. (Representational) New Delhi: Wholesale inflation remained in the negative territory for the sixth straight month in September at (-) 0.26 per cent on easing prices of food items, especially vegetables. The wholesale price index (WPI)-based inflation rate has been in the negative since April…
Read More “Wholesale Inflation Stays In Negative For 6th Month At -0.26% In September” »
File. | Photo Credit: Arunangsu Roy Chowdhury Benchmark equity indices ended lower on October 16, falling for the third day running, amid weak trends in global markets and spike in Brent crude oil prices due to geopolitical tension in the Middle East. The 30-share BSE Sensex declined 115.81 points or 0.17% to settle at 66,166.93….
Read More “Markets fall for third day on weak global equities, spike in Brent crude oil prices” »
India’s wholesale prices stayed in deflationary mode for the sixth month in a row this September, albeit only fractionally with inflation at -0.26% compared to -0.52% in August, according to government data released on October 16. | Photo Credit: SUSHIL KUMAR VERMA India’s wholesale prices stayed in deflationary mode for the sixth month in a…
Read More “Wholesale inflation remains in negative for sixth month at -0.26% in September” »
Fresh investment announcements in the July-to-September quarter, the second quarter of 2023-24, have dropped to ₹6.9 lakh crore. File | Photo Credit: REUTERS Fresh investment announcements in the July-to-September quarter, the second quarter of 2023-24, have dropped to ₹6.9 lakh crore, 13% lower than the first quarter, and 21.5% down from a year ago, driven…
Fresh investment announcements in the July-to-September quarter, the second quarter of 2023-24, have dropped to ₹6.9 lakh crore. File | Photo Credit: Reuters Fresh investment announcements in the July-to-September quarter, the second quarter of 2023-24, have dropped to ₹6.9 lakh crore, 13% lower than the first quarter, and 21.5% down from a year ago, driven…
Read More “New investment slowed again in Q2 of FY24, drops by 13%” »