Stay Connected. Stay Informed.
Business
Russians are finding that a few imported staples, like fruit, coffee and olive oil, have shot way up in price. Most global brands have disappeared — or been reincarnated as Russian equivalents under new, Kremlin-friendly ownership. A lot more Chinese cars are zipping around the streets. Those who want a particular luxury cosmetic may be…
The production of capital goods picked up pace in January. File | Photo Credit: Reuters The industrial output growth slowed to 3.8% in January, from an upgraded uptick of 4.24% in December. The manufacturing sector’s growth slowed to 3.2% from 4.5% a month ago, even as the uptick in mining and electricity generation accelerated to…
Read More “Industrial output growth slows to 3.8% in January” »
Prices of food remained elevated. File | Photo Credit: SUSHIL KUMAR VERMA India’s retail inflation remained virtually unchanged at 5.09% in February from 5.10% in January, even as food prices paid by consumers rose from 8.3% to 8.66%, the National Statistical Office said on March 12. The industrial output growth slowed to 3.8% in January,…
Read More “Retail inflation eases marginally to 5.09% in February” »
Image used for representational purpose only. | Photo Credit: Reuters The rupee consolidated in a narrow range and settled for the day 3 paise lower at 82.78 (provisional) against the U.S. dollar on Tuesday, as market participants remained on the sidelines ahead of the release of key macroeconomic data. Forex traders said the Indian rupee…
Read More “Rupee falls 3 paise to close at 82.78 against U.S. dollar” »
Union Minister of Commerce & Industry Piyush Goyal. File | Photo Credit: PTI Commerce and Industry Minister Piyush Goyal has exuded confidence that during this fiscal, the country’s goods and services export numbers will be at the same level; as it was last year despite slowdown and uncertainties in the global trade. He also said…
As part of SpiceJet’s strategic restructuring, several members of the commercial team have left the company, says airline spokesperson. | Photo Credit: Reuters SpiceJet on March 12 said several members of its commercial team have resigned with immediate effect, as part of a strategic restructuring at the airline. On March 11, sources said the airline’s…
Read More “Several commercial team members resigned as part of strategic restructuring: SpiceJet” »
The story so far: Seeking to institute a framework for regulated entities to tackle climate-related financial risks, the Reserve Bank of India (RBI) on February 28 presented draft guidelines on Disclosure framework on Climate-related Financial Risks, 2024. The Statement on Developmental and Regulatory Policies, presented along with the Monetary Policy statement on February 8, 2023,…
After a firm beginning, the 30-share BSE Sensex climbed 376.38 points to 73,879.02 in early trade on March 12, 2024. File | Photo Credit: ANI Equity benchmark indices climbed in early trade on March 12 amid buying in blue-chip stocks like HDFC Bank and ICICI Bank along with sustained foreign fund inflows. After a firm…
The rupee witnessed range-bound trading in initial deals against the U.S. dollar on March 12. Image for representation purposes only. File | Photo Credit: Reuters The rupee witnessed range-bound trading in initial deals against the U.S. dollar on March 12, as market participants remained on the sidelines ahead of the release of key macroeconomic data….
Read More “Rupee trades in narrow range against U.S. dollar in early trade” »
The benchmark S&P BSE Sensex was dragged lower on March 11 by banking stocks, including State Bank of India and HDFC Bank, and industrial counters, snapping two straight sessions of gains. The Sensex fell 616.75 points, or 0.83%, to 73,502.64. While Power Grid and Tata Steel were the biggest losers on the gauge, sliding 2.41%…
