State-owned oil marketing companies IOC, BPCL and HPCL posted a second consecutive quarterly loss totalling Rs 2,748.66 crore in July-September as a one-time LPG payout by the government could not mask the losses from petrol and diesel prices freeze. According to stock exchange filings by the three fuel retailers, the losses were due to erosion [...]
Around 32 lakh weddings are expected to be solemnised in India between November 4 and December 14, which will generate businesses to the tune of Rs 3.75 lakh crore for the country's trading community, CAIT said on Monday. The Confederation of All India Traders (CAIT) based its assessment on a survey conducted by its research [...]
Registration of properties in Mumbai municipal region stood at 8,276 units in October, down 3 per cent from the year-ago period, as sales momentum moderated despite festive demand, according to Knight Frank India. In October 2021, as many as 8,576 units were registered in Mumbai city (BMC area). Real estate consultant Knight Frank India said [...]
The Reserve Bank has called a special meeting of the Monetary Policy Committee on November 3 to prepare a report on its failure to keep retail inflation below 6 per cent for three consecutive quarters. "Under the provisions of Section 45ZN of the Reserve Bank of India (RBI) Act ...an additional meeting of the MPC [...]
RBI Monetary Policy Committee (MPC) member Ashima Goyal on Wednesday said that the efforts of the Reserve Bank to contain price rise by repeatedly increasing interest rates will help in containing inflation, which is likely to fall below 6 per cent next year. Goyal further said that the policy rate hikes have largely reversed pandemic-time cuts [...]
Job postings for 5G and telecommunications have witnessed significant uptick in the last 12 months, as enterprises are looking at 5G adoption at an accelerated pace, says a report. According to global job site Indeed, job postings for telecommunications and 5G have increased by 33.7 per cent between September 2021 and September 2022. "5G rollout [...]
The country's exports rose by 4.82 per cent to USD 35.45 billion in September, even as the trade deficit widens to USD 25.71 billion, according to the data released by the commerce ministry on Friday. In its preliminary data, which was released in the first week of this month, the ministry stated that the country's [...]
The government's wheat stock is 11 per cent higher than the buffer norm at 227.46 lakh tonne at the beginning of this month, according to the Food Ministry data. However, the wheat stock in state-run Food Corporation of India (FCI) is at five year low due to a 57 per cent drop in procurement owing [...]
India's crude steel output rose by 2.56 per cent to 30.06 million tonne (MT) during the July-September period of the ongoing financial year. As per research firm SteelMint, the top six steel makers -- SAIL, Tata Steel, JSW Steel, JSPL, AMNS India and RINL -- produced 18.29 MT steel, the rest 11.77 MT came in [...]
Sales of residential properties increased 41 per cent to 88,234 units in July-September this year across seven major cities, property consultant Anarock said on Friday. The housing brokerage firm released its quarterly data of seven major cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune. As per the data, housing sales [...]
