Equity benchmarks rallied over 1 per cent on Friday due to heavy buying in banking and financial counters amid mixed trend in the global markets. The 30-share BSE benchmark Sensex zoomed 909.64 points or 1.52 per cent to settle at 60,841.88. During the day, it jumped 973.1 points or 1.62 per cent to 60,905.34. The [...]
NITI Aayog CEO Parameswaran Iyer on Friday described the Budget 2023-24 as 'very comprehensive and balanced' which will promote growth with inclusion. He also observed that the Budget continues all the reforms and other social welfare programmes undertaken by the government over the past few years. Iyer further said the Budget has something for all, [...]
Petrol, diesel and liquor are to cost more and motor vehicle tax and fair price value of land to go up in Kerala as the state government acted tough to mobilise additional revenue to carry forward their social security schemes and development programmes in the budget presented here on Friday. Despite wide expectations, the social [...]
The stock market turmoil created by rout in Adani group shares is a "storm in a tea cup" from a macroeconomic point of view, finance secretary T V Somanathan said on Friday, emphasing that India's public financial system is robust. The senior most bureaucrat in the finance ministry also said that movements in the stock [...]
Pakistan's central bank said on Friday that its foreign exchange reserves have dropped by 16.1 per cent to USD 3.09 billion at the end of the last fiscal week, the lowest in nearly 10 years. Financial analysts said that the foreign exchange reserves held by the State Bank of Pakistan would cover just around three [...]
The government has set up a task force under the aegis of Fertiliser Association of India to find out ways to improve the quality of Single Super Phosphate (SSP) fertiliser and promote its use as an alternative to Di-ammonium Phosphate (DAP), Parliament was informed on Friday. In a written reply to the Lok Sabha, Minister [...]
A powerful Republican Party Senator has urged the Biden administration to speak to the Indian government about the subsidies it gives to its wheat and rice growing farmers, which he claimed is against the norms of the World Trade Organization. “Rice and wheat farmers throughout the country are seriously impacted by India’s blatant WTO violations,” [...]
India is among the top three nations contributing active users growth for Facebook as of December 31, 2022, social media major Meta said in a regulatory filing. The company has reported a 4 per cent increase in worldwide daily active users (DAUs) to 2 billion on average during December 2022 from 1.93 billion during December [...]
America’s National Pecan Federation has welcomed the annual budgetary proposal of Union Finance Minister Nirmala Sitharaman to reduce the import duty on pecan by 70 per cent, a move it said would benefit thousands of farmers in the country, especially in Georgia. “This is great news for the pecan industry,” Larry Don Womack, chairman of [...]
Apple CEO Tim Cook has said he is “very bullish on India” and described the country as a major focus and "hugely exciting market” where the technology giant is putting a “significant amount of energy” through investments, retail and online presence. Apple on Thursday reported revenue of USD 117.2 billion for the December quarter and [...]
