He said there is potential for currency appreciation after inclusion of Indian bonds in the JP Morgan index New Delhi: Chief economic adviser V Anantha Nageswaran said on Friday that the inclusion of Indian government bonds in JPMorgan’s benchmark emerging market index from next year will broaden the investor base and could lead to an … Read more
According to SBI Research, a good part of the draw on savings has gone to physical assets Mumbai: Households’ net financial savings fell by close to 55 per cent in FY23 to 5.1 per cent of GDP and their debt has more than doubled to Rs 15.6 lakh crore from FY21, mainly led by massive … Read more
Falling for the second day in a row, the 30-share BSE Sensex fell by 796 points or 1.18 per cent. Mumbai: Benchmark indices Sensex and Nifty tumbled more than 1 percent today on selling in index heavyweights amid weak global trends ahead of the US Federal Reserve’s interest rate decision. Falling for the second day … Read more
The Ministry of Consumer Affairs said it is working on using artificial intelligence to reduce the pendency of cases New Delhi: The Ministry of Consumer Affairs today said it is working on using artificial intelligence (AI) to reduce the pendency of cases at various consumer courts in the country. The ministry also said that the … Read more
The government has issued tax refunds during the current financial year (representative) New Delhi: Direct tax collections rose 23.5% y-o-y to 8.65 trillion rupees ($103.9 billion) in Apr-16. September, the government said on Monday. The tax collection includes corporate tax of 4.16 trillion rupees and personal income tax of 4.47 trillion rupees, the finance ministry … Read more
New Delhi: Adani Enterprises Ltd said on Wednesday that its arm Adani New Industries Ltd has received an important international certification and will now be able to start production of 5.2 MW series wind turbine generators for global markets. The company has so far produced and supplied 5.2 MW of wind turbine generators (WTGs) to … Read more
New Delhi: Billionaire Gautam Adani’s group said on Friday it has formed an equal joint venture with Japanese trading house Kowa Group to market green ammonia and green hydrogen produced by the Indian conglomerate. “Adani Global Pte Ltd, Singapore, a step-down wholly-owned subsidiary of (Adani Enterprises Ltd) has signed a joint venture agreement with Kowa … Read more
The government said that the 3rd phase of mandatory stamp marking of gold has come into force New Delhi: The government said on Friday that the third phase of mandatory stamping of gold jewelery and artefacts has come into effect in 55 new districts in 16 states and one Union territory. Gold stamping is a … Read more
Rupee falls for 4th consecutive day by 9 paise to hit a lifetime low of 83.22 against the dollar New Delhi: The rupee depreciated for the fourth consecutive day and settled 9 paise lower at its lifetime low of 83.22 (provisional) against the US dollar on Thursday amid a firm US currency and elevated crude … Read more