Latest Indian Economy News

A high-level meeting headed by Nepal Prime Minister Pushpa Kamal Dahal 'Prachanda' has recommended that issues related to the entry route of the 900 MW Arun III Hydropower Project, the country's biggest, being constructed by an Indian company should be addressed to ensure its timely completion. SJVN Arun-III Power Development Company (SAPDC), a wholly-owned subsidiary [...]

The government on Wednesday said it has permitted exports of 10,34,800 tonnes of non-basmati white rice to seven countries, including Nepal, Cameroon and Malaysia. The Directorate General of Foreign Trade (DGFT) said in a notification that the export is permitted through National Cooperative Exports Limited (NCEL). To boost domestic supply, though exports of non-basmati white [...]

On Wednesday equity benchmark indices declined in early trade amid sluggish global market trends and spike in Brent crude oil prices. The 30-share BSE Sensex declined 161.41 points to 66,266.68. The Nifty dropped 36.7 points to 19,774.80. Among the Sensex firms, Bajaj Finance, Power Grid, Bajaj Finserv, ICICI Bank, HDFC Bank, NTPC and Larsen & [...]

On Friday equity benchmark indices Sensex and Nifty stayed on the back foot for the fourth straight session, as investors offloaded healthcare, consumer durable and commodity stocks amid a weak trend in global markets. Traders said that foreign fund outflows and heavy selling in HDFC shares also hit investor sentiments.  The 30-share BSE Sensex fell [...]

According to Minister of State for Electronics and IT Rajeev Chandrasekhar, the government wants to reduce reliance on imports from dubious sources by producing up to 70% of the nation's IT hardware needs domestically over the next three years. Speaking to reporters, Chandrasekhar stated that in an effort to reduce reliance on supplies from dubious [...]

According to a top government official, there is currently inter-ministerial discussion about further easing restrictions on foreign direct investment in the space industry in order to draw foreign players and private businesses. According to the official, there is a ton of room for foreign businesses to invest in India's rapidly expanding sector. The proposal to [...]

Due to heavy selling in banking and oil stocks in tandem with weak global trends ahead of the US Federal Reserve’s interest rate decision. Benchmark indices Sensex and Nifty declined more than 1 per cent on Wednesday. The 30-share BSE Sensex declined for a second day in a row, down 796 points or 1.18 per [...]

According to real estate consultant Vestian, Flexible office space operators currently have a portfolio of 53.4 million square feet and the number is projected to grow 52 per cent by 2025 to 81 million square feet on rising demand from corporates. In its report 'Flexing the Workspace-Back to Office' released on Wednesday, Vestian highlighted that [...]

At a ceremony held here on Wednesday, Kerala Chief Minister Pinarayi Vijayan unveiled the logo and identity of the ambitious international seaport that is currently nearing completion at Vizhinjam. Vizhinjam International Seaport, Thiruvananthapuram will be the port's name. According to official sources, the logo would improve the port's visibility on maps of international maritime trade. [...]

According to RBI Monetary Policy Committee (MPC) Member Ashima Goyal, the Indian economy has begun to perform well despite the unfavorable global environment because the Modi-led government carried out numerous reforms over the past nine years, improving important macroeconomic indicators. Goyal was questioned about how she would contrast the nine years of the Modi-led NDA [...]

According to a report released on Friday, the tea industry is likely to experience an 8% year-over-year decline this fiscal due to declining export volume as a result of an increase in supply from Sri Lanka. According to a report by Crisil Ratings, the operating profitability of the sector will decline for the second year [...]

On Friday, equity benchmark indices Sensex and Nifty hit new record peaks in early trade, due to a rally in global markets and fresh foreign inflows. Rallying for the 11th day running, the 30-share BSE Sensex jumped 255.46 points to hit its fresh all-time high of 67,774.46 in early trade. The Nifty went up by [...]

The Sensex ticked higher for the tenth straight session on Thursday, supported by fag-end buying in oil & gas, metal, and commodity stocks amid a generally firm trend in global equities. The NSE benchmark Nifty increased by over 33 points to close at a new lifetime high of 20,103. The 30-share BSE Sensex increased 52.01 [...]

Prior to the holiday season, Nepal is planning to import 20,000 metric tonnes (MT) of sugar from India, which will supply roughly 3,00,000 MT of the Himalayan nation's annual domestic demand. The Ministry of Industry, Commerce, and Supplies has requested the Finance Ministry to grant a customs waiver for the import of 60,000 MT of [...]

The Federation of Automobile Dealers Associations requested on Thursday a drop in the GST rate for entry-level two-wheelers to 18%, claiming that the market has yet to fully recover from the COVID-19 pandemic's effects. Manish Raj Singhania, president of the Federation of Automobile Dealers Associations (FADA), said in a speech at the Auto Retail Conclave [...]

After reaching a 15-month high of 7.44 per cent in July, retail inflation dropped to 6.83 per cent in August, primarily as a result of falling vegetable prices, but it is still above the Reserve Bank's target range. According to data released by the National Statistical Office (NSO) on Tuesday, The overall inflation in the [...]

The BSE Sensex ended its eight-day winning streak in early trade on Wednesday as equity benchmark indices fell due to negative global market trends and new outflows of foreign funds. Also, the high valuation concerns of the domestic market made investors cautious. The Nifty declined 49.1 points to 19,944.10. The 30-share BSE Sensex decreased 167.77 [...]

According to Union Minister Mahindra Nath Pandey, production of the first batch of advanced chemistry cell batteries in India is anticipated to start by January 2024. The PLI (Production Linked Incentives) scheme for the production of ACC (Advanced Chemistry Cell) batteries, with an estimated outlay of Rs 18,100 crore, was approved by the government in [...]

On Tuesday, the BSE Sensex continued its upward trend for a eighth day in a row, while the Nifty ended marginally lower after setting a new record high. The 30-share BSE Sensex increased 94.05 points, or 0.14%, to close at 67,221.13 on Thursday. It increased by 412.02 points or 0.61% to 67,539.10 throughout the day. [...]

India and the UK are looking into the possibility of listing debt instruments and shares at IFSC-GIFT City and the London Stock Exchange (LSE), according to Finance Minister Nirmala Sitharaman on Monday. After the conclusion of the 12th India-UK Economic and Financial Dialogue, Sitharaman stated that the UK had expressed its willingness to further increase [...]