Bolstered by positive global cues, Indian equity market opened on a strong note on Wednesday and Sensex jumped 440 points in early trade. Asian markets, including Japan and Hong Kong, were trading in the green. US and European markets on Tuesday ended their trading sessions with gains as latest inflation data from the US indicated [...]
Export of tyres from India is expected to rise by 15 per cent in the ongoing fiscal, Automotive Tyre Manufacturers' Association Chairman Satish Sharma said on Tuesday. Fast integration with global supply chains helped by the globally aligned regulatory environment in the country has led to an increase in the addressable market for Indian manufactured [...]
The government on Tuesday informed the Rajya Sabha that it is taking steps to make India a USD 5 trillion economy earlier than the International Monetary Fund's forecast year of 2026-27. The IMF's World Economic Outlook earlier said the size of the Indian economy will increase from USD 3.2 trillion in 2021-22 to USD 3.5 [...]
Benchmark BSE Sensex declined nearly 340 points to close below the 58,000 level on Tuesday, marking its fourth straight day of losses as auto, IT and financial stocks wilted amid concerns over the fallout of failure of two US-based banks. The 30-share BSE Sensex fell 337.66 points or 0.58 per cent to settle at anew [...]
The fragrance and flavour industry of the country is likely to grow around 12 per cent each year and touch over USD 5.2 billion in three to four years , an apex body of the industry said. This growth will be driven by factors like rising disposable incomes and changing consumer preferences, Fragrances and Flavours [...]
The wholesale price based inflation eased for the ninth consecutive month to 3.85 per cent in February on easing prices of manufactured items and fuel and power, showed the government data released on Tuesday. The wholesale price index (WPI) based inflation rate was 4.73 per cent in January this year and 13.43 per cent in [...]
Cash-strapped Pakistan has decided to seek help from the US to secure “lenient treatment” from the IMF, amid a delay in signing the staff-level agreement with the global lender. Pakistan is awaiting a much-needed USD 1.1 billion tranche of funding from the Washington-based International Monetary Fund (IMF). After failing to convince the global lender, Islamabad [...]
Finance Minister Nirmala Sitharaman on Monday presented in the Lok Sabha a Rs 1.18 lakh crore budget for Jammu and Kashmir for the year 2023-24 with a thrust on providing housing in rural areas and water tap connections to 18.36 lakh households. Union Minister of State for Finance Pankaj Chaudhary tabled the budget for the [...]
President Joe Biden on Monday sought to reassure jittery Americans that they can have confidence that the US banking system is "safe" and vowed stricter bank regulation after a string of bank failures raised concerns about the nation's financial stability. The president's early morning comments came after US bank regulators spent the weekend working on [...]
Equity benchmark indices Sensex and Nifty gained in early trade on Tuesday despite weak global cues. Amid volatile trading, the 30-share BSE Sensex surged 205.55 points or 0.35 per cent to 58,443.40 points while the broader NSE Nifty rose 44 points or 0.26 per cent to 17,198.30 points. In the Sensex pack, 20 stocks were [...]
