Rising for the third straight session, equity benchmark Sensex closed higher by 123 points on Wednesday, propped up by robust fag-end buying in banking and financial stocks amid a bearish trend in global equity markets. Besides, covering-up of short positions by bears supported the late recovery in stocks, helped wipe off losses, traders said. However, [...]
The government is planning to create a carry over stock of ethanol for the next year anticipating a rise in demand for E20 fuel in the country, according to a senior food ministry official. E20 fuel is a blend of 20 per cent ethanol with petrol. The government aims to achieve the 20 per cent [...]
The Ministry of Power has mandated new coal or lignite-based thermal plants to either set up renewable energy capacity equivalent to at least 40 per cent of the thermal plant's capacity or procure that much supply of green energy under renewable purchase obligation. Earlier this month the power ministry amended the Tariff Policy 2016 under [...]
As part of a post-Budget Webinar, the Finance Ministry on Tuesday hosted virtual discussions on the six chosen subjects following an address by Prime Minister Narendra Modi. The webinar had six breakout sessions on various themes, including creating growth opportunities in GIFT International Financial Services Centre, facilitating seamless credit flow for MSMEs and enhancing customer [...]
Equity market opened sharply lower on Wednesday, with Sensex sliding more than 300 points as the US Federal Reserve's hawkish view on interest rate trajectory and weak global cues hit investor sentiments. Most of the Asian markets, including Hong Kong, were also trading in the negative territory. After registering gains for two straight sessions, the [...]
India's auto components industry is expected to grow around 10-15 per cent in FY24, driven by both domestic and export market demand despite fears of recession in major markets of US and Europe, Automotive Component Manufacturers Association of India said on Monday. The auto components industry which clocked a turnover of USD 56.5 billion in [...]
Benchmark indices Sensex and Nifty advanced for a second session in a row on Monday on gains in IT, banking and auto stocks following strong global trends. The 30-share BSE benchmark rose by 415.49 points or 0.69 per cent to close at 60,224.46 with 25 of its constituents ending in the green. The barometer opened [...]
Cash-strapped Pakistan is seeking Saudi Arabia's confirmation for securing additional deposits of USD 2 billion and a USD 950 million loan from the World Bank and the AIIB for signing a Staff-Level Agreement (SLA) with the IMF, media reports said on Monday. Pakistan is eagerly waiting for the USD 1.1 billion tranche of funding from [...]
The government is working to bring a national retail trade policy for brick and mortar retail traders with an aim to promote ease of doing business, a senior official said on Monday. Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sanjiv said that the policy would also help in providing [...]
Equity market opened on a strong note on Monday, with the benchmark crossing the 60,000 level and Nifty making strong gains amid positive global cues. BSE Sensex jumped 554.06 points or 0.91 per cent to 60,363.03 points, while the broader NSE Nifty climbed 143.35 points or 0.81 per cent to 17,737.70 points. As many as [...]
