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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” »
Image for representation | Photo Credit: SUDERSHAN V The rupee depreciated by 16 paise to settle at 82.79 (provisional) against the U.S. dollar on Thursday, tracking a firm American currency and rising crude oil prices. Forex traders said that negative sentiment in the equity market and outflow of foreign funds also weighed on the domestic…
Read More “Rupee falls 16 paise to settle at 82.79 against US dollar” »
Representational image | Photo Credit: AMIIT DAVE Shares of Adani group stocks fell on Thursday after a report from investigative reporting platform OCCRP alleged hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based ‘opaque’ investment funds managed by partners of promoter family of billionaire Gautam Adani. The conglomerate denied the…
Read More “Adani Group stocks fall following OCCRP report” »
Majority of the Sensex stocks were in the positive territory, with Jio Financial Services gaining 4.98% while Maruti Suzuki and Axis Bank rising more than 1%. File | Photo Credit: REUTERS Equity benchmark indices Sensex and Nifty witnessed volatility in early trade on Thursday (August 31) and gained marginally as investors await firmer global cues…
Read More “Sensex, Nifty eke out marginal gains in early trade” »
Farmers plant rice saplings in a paddy field on the outskirts of Amritsar on June 19. | Photo Credit: AFP The story so far: In a move to check domestic rice prices and ensure domestic food security, the Indian government has prohibited the export of white rice, levied a 20% export duty on par-boiled rice…
Read More “Explained | Understanding curbs on rice exports” »
File photo: Employees work at the assembly line inside TMB’s mobile phone battery manufacturing plant in Noida, India, October 12, 2018 | Photo Credit: ANUSHREE FADNAVIS Thirty-two firms have expressed interest in the Ministry of Electronics and Information Technology’s subsidies for local laptop, PC, server and tablet assembly, IT Minister Ashwini Vaishnaw said on Wednesday….
Read More “Thirty-two firms express interest in IT hardware PLI: Minister” »
The cost of a home-cooked vegetarian thali in Mumbai has increased by 65% in the last five years. At the same time, the average wage earned by a casual labourer working in urban Maharashtra has increased by only 37% and that of a salaried worker has increased by 28%. This disparity between wages/salaries and expenditure…
Image used of representation purpose only. File | Photo Credit: AP Gold prices jumped ₹300 to ₹60,100 per 10 grams in the national capital on August 30 amid strong global cues, according to HDFC Securities. In the previous trade, the precious metal had closed at ₹59,800 per 10 grams. Silver also bounced ₹400 to ₹77,500…
