According to a report released on Friday, the tea industry is likely to experience an 8% year-over-year decline this fiscal due to declining export volume as a result of an increase in supply from Sri Lanka. According to a report by Crisil Ratings, the operating profitability of the sector will decline for the second year [...]
On Friday, equity benchmark indices Sensex and Nifty hit new record peaks in early trade, due to a rally in global markets and fresh foreign inflows. Rallying for the 11th day running, the 30-share BSE Sensex jumped 255.46 points to hit its fresh all-time high of 67,774.46 in early trade. The Nifty went up by [...]
The Sensex ticked higher for the tenth straight session on Thursday, supported by fag-end buying in oil & gas, metal, and commodity stocks amid a generally firm trend in global equities. The NSE benchmark Nifty increased by over 33 points to close at a new lifetime high of 20,103. The 30-share BSE Sensex increased 52.01 [...]
Prior to the holiday season, Nepal is planning to import 20,000 metric tonnes (MT) of sugar from India, which will supply roughly 3,00,000 MT of the Himalayan nation's annual domestic demand. The Ministry of Industry, Commerce, and Supplies has requested the Finance Ministry to grant a customs waiver for the import of 60,000 MT of [...]
The Federation of Automobile Dealers Associations requested on Thursday a drop in the GST rate for entry-level two-wheelers to 18%, claiming that the market has yet to fully recover from the COVID-19 pandemic's effects. Manish Raj Singhania, president of the Federation of Automobile Dealers Associations (FADA), said in a speech at the Auto Retail Conclave [...]
After reaching a 15-month high of 7.44 per cent in July, retail inflation dropped to 6.83 per cent in August, primarily as a result of falling vegetable prices, but it is still above the Reserve Bank's target range. According to data released by the National Statistical Office (NSO) on Tuesday, The overall inflation in the [...]
The BSE Sensex ended its eight-day winning streak in early trade on Wednesday as equity benchmark indices fell due to negative global market trends and new outflows of foreign funds. Also, the high valuation concerns of the domestic market made investors cautious. The Nifty declined 49.1 points to 19,944.10. The 30-share BSE Sensex decreased 167.77 [...]
According to Union Minister Mahindra Nath Pandey, production of the first batch of advanced chemistry cell batteries in India is anticipated to start by January 2024. The PLI (Production Linked Incentives) scheme for the production of ACC (Advanced Chemistry Cell) batteries, with an estimated outlay of Rs 18,100 crore, was approved by the government in [...]
On Tuesday, the BSE Sensex continued its upward trend for a eighth day in a row, while the Nifty ended marginally lower after setting a new record high. The 30-share BSE Sensex increased 94.05 points, or 0.14%, to close at 67,221.13 on Thursday. It increased by 412.02 points or 0.61% to 67,539.10 throughout the day. [...]
India and the UK are looking into the possibility of listing debt instruments and shares at IFSC-GIFT City and the London Stock Exchange (LSE), according to Finance Minister Nirmala Sitharaman on Monday. After the conclusion of the 12th India-UK Economic and Financial Dialogue, Sitharaman stated that the UK had expressed its willingness to further increase [...]
