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India’s Reliance Industries KG-D6’s control and raiser platform is seen off the Bay of Bengal in this undated handout photo. India’s Reliance Industries Ltd resumed crude oil production from its east coast MA-1 field on March 8 following an emergency shutdown in December, Upstream Regulator V.K. Sibal said on March 12, 2009. | Photo Credit:…
After closing the books on a banner year for U.S. stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving. The S&P 500 rose roughly 25% in 2024 through Dec. 27, while the technology-heavy Nasdaq Composite Index (.IXIC), which…
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Reserve Bank of India’s (RBI) new Governor Sanjay Malhotra. | Photo Credit: PTI Facing criticism from the government over the central bank prioritising inflation over growth, the new RBI Governor Sanjay Malhotra on Monday (December 30, 2024) said that prospects of the Indian economy are expected to improve on the back of high consumer and…
Read More “Prospects of economy expected to improve in 2025: RBI Governor” »
From the 30 sensex pack, Tata Motors, Titan, Tata Steel, State Bank of India, Mahindra & Mahindra, NTPC, ICICI Bank, Maruti, HDFC Bank and Infosys were among the biggest laggards. File | Photo Credit: Getty Images Benchmark Sensex dropped by nearly 451 points on Monday (December 30, 2024) amid unabated foreign fund outflows, weak trends in…
Read More “Stock markets decline amid unabated foreign fund outflows, weak global trends” »
On the economy, the report said during the first half of 2024-25, real GDP growth (y-o-y) moderated to 6 per cent from 8.2 per cent and 8.1 per cent growth recorded during H1 and H2 of 2023-24, respectively. File. Representational image | Photo Credit: Reuters The Indian economy is exhibiting resilience and stability, and the…
Read More “Economy exhibiting resilience, GDP to grow at 6.6 pc in FY25: RBI report” »
For representational purpose | Photo Credit: A.N. Kesavan State-run Indian refiner Bharat Petroleum Corporation Limited (BPCL) is buying Middle Eastern crude to make up for less supply of cheaper Russian oil, its head of finance Vetsa Ramakrishna Gupta said in a recent interview. State refiners, which typically buy Russian oil in the spot market rather…
Read More “BPCL buys Middle East crude oil to replace Russian shortfall” »
Image used for representational purposes. Photo: Special Arrangement The rupee dropped 5 paise to 85.53 against the US dollar in early trade on Monday (December 30, 2024), as dollar demand from importers, foreign fund outflows and a muted trend in domestic equities dented investor sentiments. Forex traders said the rupee witnessed heavy volatility on…
Read More “Rupee falls 5 paise to 85.53 against U.S. dollar in early trade” »
Image used for representation purposes | Photo Credit: Getty Images Investors in small savings schemes should brace themselves for a year of interest rate cuts, and the first reduction in returns on these schemes may come as early as this week when the government resets rates for the January to March quarter. While the case…
Photo used for representation purpose only. | Photo Credit: Sushil Kumar Verma The story so far: It has been what one may call, a bittersweet year for the economy, with a sweet first half, when growth surprised everyone, including the government. And a difficult latter half by the end of which the Reserve Bank of…
Read More “Why inflation will matter more in 2025: Explained” »
A man uses an umbrella as he walks past a Vodafone mobile phone store in Liverpool, Britain, October 8, 2024. | Photo Credit: Reuters U.K.-based Vodafone Group has cleared dues of around ₹11,650 crore or about 109 million pound that it raised against shares of Vodafone Idea, according to a regulatory filing. Vodafone Group had…
Read More “Vodafone Group clears about ₹11,650 crore dues to lenders raised against VIL shares” »