India's palm oil imports declined by 33.20 per cent to Rs 5,14,022 tonne during May this year, but there was sharp rise in shipment of RBD palmolein oil by refineries, industry body Solvent Extractors Association (SEA) said on Tuesday. India, the world's leading vegetable oil buyer, imported 7,69,602 tonnes of palm oils in May 2021. [...]
Wholesale price-based inflation rose to a record high of 15.88 per cent in May on rising prices of food items and crude oil. The Wholesale Price Index-based inflation was 15.08 per cent in April and 13.11 per cent in May last year. "The high rate of inflation in May, 2022 is primarily due to rise [...]
Venture capital firm Sequoia India and Southeast Asia has raised USD 2.85 billion - the highest ever in one tranche by any venture capital fund - to fund startups and other ventures in the region, the company said in a statement. Of the funds raised, USD 2 billion is dedicated to India across two funds, [...]
The government on Monday said it will pursue recovery of USD 3.85 billion from Reliance Industries and its partners in the Panna/Mukta and Tapti oil and gas fields case and is mulling an appeal against an English court order over cost recovery dispute in the same fields. Reacting to an English High Court last week [...]
Retail inflation eased to 7.04 per cent in May, mainly on account of softening food prices, though it remained above the RBI's upper tolerance level for the fifth consecutive month, government data showed on Monday. The Consumer Price Index (CPI) based inflation was 7.79 per cent in April. In May 2021, the retail inflation stood [...]
The government's spending on information and technology will grow 12.1 per cent to USD 9.5 billion in 2022, an analyst firm estimated on Monday. The growth estimate is less than a 15 per cent jump in the government's IT (Information and Technology) spending in 2021, and higher than the 5 per cent growth estimated at [...]
Mutual funds focused on investing in fixed-income securities witnessed a net outflow of Rs 32,722 crore in May in the wake of Reserve Bank of India (RBI) stance on monetary policy turning hawkish to tackle inflation driven by global factors. This comes following an inflow to the tune of Rs 54,656 crore in April, data [...]
The number of income tax returns has increased in FY22 over the previous fiscal, Central Board of Direct Taxes Chairman Sangeeta Singh said on Saturday. Talking to PTI, Singh said the number of income tax returns last fiscal was 7.14 crore against 6.9 crore in the preceding financial year, showing a clear growth. "There is [...]
Nepal has started exporting the total approved 364 MW of electricity to India through its power exchange market. Buoyed by continuous rainfall this year, the Himalayan nation is exporting surplus electricity to India through its power exchange market for the second consecutive year, according to the Nepal Electricity Authority (NEA), the state-owned power utility body. [...]
Seeking to regulate misleading advertisements targeting children, the government on Friday came out with a detailed guidelines that prohibit companies from making false claims on health and nutritional benefits, persuading kids to buy goods and services with promotional gifts, and developing negative body image in children. Under the 'Prevention of Misleading Advertisements and necessary due [...]
