Stock markets advanced in early trade on Wednesday amid gains in Asian equity exchanges and buying in IT counters. The BSE Sensex advanced 278.77 points to 59,240.89 after a positive beginning. The NSE Nifty climbed 83.4 points to 17,387.35. From the Sensex pack, Mahindra & Mahindra, Tata Steel, HCL Technologies, Axis Bank, Tata Consultancy Services, [...]
India's economic growth slowed down to 4.4 per cent in the third quarter of 2022-23 mainly due to poor performance of the manufacturing sector. In October-December 2021, the economy grew by 11.2 per cent and by 6.3 per cent in the July-September 2022 quarter, according to data released by the National Statistical Office (NSO) on [...]
Microsoft co-founder Bill Gates on Tuesday met Reserve Bank of India Governor Shaktikanta Das and discussed various issues including financial inclusion, payment systems, microfinance and digital lending among others. "Mr.@BillGates visited RBI Mumbai today and held wide ranging discussions with Governor @DasShaktikanta #RBI #rbitoday #rbigovernor #shaktikantadas #BillGates," RBI said in a tweet. Gates Foundation pursues [...]
Production of eight infrastructure sectors expanded at a four-month high of 7.8 per cent in January 2023 on better show by coal, fertiliser, steel and electricity segments, according to official data released on Tuesday. The output of core sectors had increased by 4 per cent in January 2022 and by 7 per cent in December [...]
Benchmark indices Sensex and Nifty continued their slide for the eighth straight day on Tuesday due to selling in oil & gas, pharma and banking stocks amid worries over further interest rate hikes. Mixed global cues, selling by FIIs and caution by investors ahead of the release of key macroeconomic data also dented the market [...]
The Nitish Kumar government in Bihar on Tuesday presented a Rs 2.61 lakh crore budget, asserting that the state’s finances were “in a good shape” as evident from markers like the fiscal deficit being under the prescribed conditional limit. Tabling the budget before the state assembly, Finance Minister Vijay Kumar Chaudhary also flagged concerns like [...]
The government is working towards making India a global automobile manufacturing hub and the domestic industry is expected to be worth Rs 15 lakh crore in the near term, Union Minister Nitin Gadkari said on Tuesday. Virtually inaugurating Tata Motor's vehicle scrapping facility in Jaipur, Gadkari said the automobile sector currently contributes to 7.1 per [...]
Akash Ambani, head of India's biggest telecom company, on Tuesday said high-speed fifth-generation cellular network or 5G will transform healthcare services, education, agriculture and disaster management, making cities smarter and societies safer. 5G ambulances will not just allow remote consultation, but would also be able to transit data and video to hospitals in real time, [...]
Danish minister for energy, climate and utilities Lars Aagaard on Tuesday said Denmark can learn from India's ability to bring down renewables tariff especially solar and both nations can embark on the green hydrogen future together. India has considerably brought down tariff of renewable energy especially solar through e-reverse auction of projects. India's solar and [...]
As banks' chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed deposits now, and state-run banks led by Punjab & Sind Bank tops the chart offering 8-8.50 per cent per annum deposit rate. Banks are forced to offer inflation-beating deposit rates for a [...]
