The "landmark" deal in which Air India will purchase 220 planes from Boeing for USD 34 billion will create up to 1 million jobs across 44 states in the US, President Joe Biden told Prime Minister Narendra Modi in a phone call on Tuesday. While announcing the Boeing-Air India deal on Tuesday, Biden asserted that [...]
The number of demat accounts rose to 11 crore in January, a surge of 31 per cent on a yearly basis, amid attractive returns from the equity markets, ease of account opening process and increased financial savings. Also, the incremental additions of such accounts were higher in January than in the preceding four months. However, [...]
Higher government spending on infrastructure in FY24 will propel engineering, procurement, and construction companies to hit revenue growth of 17-20 per cent, taking their profit to the pre-Covid level, a report said on Tuesday. In the Budget 2023-24, the government has increased the outlay for capital expenditure (capex) on infrastructure sector by 33 per cent [...]
The BSE benchmark Sensex surged 600 points on Tuesday, propelled by market heavyweight RIL, ITC, banking and IT shares amid positive global cues. Sliding crude oil prices in the international markets and buying by foreign investors also bolstered sentiment, traders said. The 30-share BSE Sensex ended 600.42 points or 0.99 per cent higher at 61,032.26. [...]
The wholesale price-based inflation eased for the eight consecutive month to 4.73 per cent in January on easing prices of manufactured items, fuel and power. The wholesale price-index (WPI) based inflation rate was 4.95 per cent in December 2022 and 13.68 per cent in January 2022. Inflation in food articles, however, rose to 2.38 per [...]
Equity market gained in early trade on Tuesday, with the benchmark Sensex surging 222 points as positive cues from Asian and global markets bolstered investor sentiments. BSE Sensex climbed 222.88 points or 0.37 per cent to 60,654.72 while the broader Nifty rose 56.40 points or 0.32 per cent to 17,827.30. Among the 30 Sensex shares, [...]
Retail inflation breached the RBI's comfort zone and rose to a three-month high of 6.52 per cent in January, mainly on account of a spike in food prices, as per government data released on Monday. The inflation rate based on the Consumer Price Index (CPI) stood at 5.72 per cent December and 6.01 per cent [...]
Equity benchmark Sensex declined around 251 points on Monday, pressured by heavy selling in IT and bank stocks amid a mixed trend overseas. A weak rupee further weighed on sentiment, traders said. Sliding for the second straight session, the 30-share BSE Sensex ended 250.86 points or 0.41 per cent lower at 60,431.84. During the session, [...]
The government on Monday said illegal subsidies by trade partners and other countries hurt Indian trade and business, and that corrective actions are taken in the form of invoking dispute settlement mechanisms. The Department of Commerce on February 9, 2023 had stated that illegal subsidies by trade partners and other countries hurt Indian trade and [...]
Union food and consumer affairs minister Piyush Goyal has asked state-owned FCI to open more procurement centres covering all revenue districts in Uttar Pradesh for the benefit of farmers and also sell more wheat in open market to cool prices. The minister stated this while reviewing the operations of Food Corporation of India's (FCI) UP [...]
