Economy

NEW DELHI: Three days after the government decided to ban wheat exports, citing the country’s food security, it sought to clarify its stand on Tuesday. It said it is allowing shipments of wheat consignments already registered with the…

New Delhi: While stressing on the multi-faceted and deep-rooted nature of the India-Africa relationship, External Affairs Minister S Jaishankar on Tuesday said that the two sides closed ranks to confront the once-in-a century pandemic,…

MUMBAI: Stock market investors and traders brace for a tough week ahead with the benchmark Nifty 50 index perched just above a crucial support of 15671.45, the March low following the Russia-Ukraine conflict. The LIC listing on May 17 will…

India CPI Inflation, IIP Growth Rate: Retail inflation surged to a near 8-year high of 7.79 per cent in April, persisting above the Reserve Bank of India’s (RBI’s) inflation target for the fourth straight month, data released by the…

IS THE worst of food inflation — 8.38 per cent year-on-year in April — over? Some hope is provided by milk, which has the highest weight among food items in the consumer price index after cereals. And also pulses, besides the likes of onion…

Payments startup BharatPe, which has been witnessing a tussle between promoters and investors, on Tuesday said it has decided to claw back former founder Ashneer Grover’s restricted shares in the company. It has also terminated several…

LIC IPO Open Live News Updates: The initial public offering (IPO) of Life Insurance Corporation of India (LIC), the country’s biggest life insurer, was subscribed 1.38 times so far on the third day of bidding. The issue had got fully…

Mumbai, May 6: The Rupee on Friday dropped 66 paise to close at 76.91 against the USD on brisk selling of US Dollar by bankers and exporters, dealers at the Foreign Exchange said. The local unit that fell 47 paise to 76.72 in early…

Over half of the people who are supplied power by BSES in Delhi did not pay any power bills since the Delhi government’s scheme that gives free power to those consuming less than 200 units of power per month was implemented. According to…

The mega initial public offering (IPO) of Life Insurance Corporation (LIC) received a strong response from investors with 67 per cent of the shares getting sold out on Wednesday, the first day of bidding, despite the stock market plunging…

With edible oil prices continuing on the higher side amid Indonesia banning the palm oil exports, Union Food Secretary Sudhanshu Pandey on Wednesday said that the scenario can’t change overnight as “it’s a reality that supplies from some…

New Delhi, May 3: Continuing the growth momentum, India's merchandise export rose 24.22% in April, 2022 to $ 38.19 billion as compared to $ 30.75 billion in the corresponding month last year. Petroleum products, electronic goods and…

Mumbai, April 8: The Reserve Bank of India (RBI) on Friday has revised its real GDP projection for FY2022-23 to 7.2 per cent in the backdrop of the escalating geopolitical tensions and augmented supply-side disruptions due to the…

Mumbai, April 6: Riding with the current world currency sentiments, Rupee tumbled down 44 paise to close at 75.75 against the greenback on rising demand for US Dollar by bankers and importers, dealers at the Foreign Exchange said. Surging…

Washington, April 7: Feeling the pinch of US sanctions against Sberbank and Alfa Bank, Russian ambassador called these a direct blow to ordinary Russian citizens, Anatoly Antonov told reporters. “The administration's non-stop sanctions…

Colombo, April 03: While problems have been brewing for years, spillovers from the crisis in Ukraine have sent the island nation over the edge. As an unprecedented economic crisis is unfolding in Sri Lanka. And while the country’s problems…

New Delhi, April 01: As Sensex is powering upwards to 59,000 many financial pandits are asking questions, why Indian burses are going up in spite of Russia-Ukraine war and other crises situations prevailing in economy worldwide. As the…

New Delhi, April 1: On the back of strong rebound in economic activities and anti-evasion drive, goods and services tax (GST) collection reached all-time high to Rs 1.42 lakh crore in March, 2022. The revenues for the month of March…

Mumbai, March 17: Even as the ongoing geopolitical crisis has heightened uncertainty, clouding the global macroeconomic and financial landscape, India's macroeconomic fundamentals remain strong, according to a Reserve Bank of India…

New Delhi, March 15 (UNI) The Reserve Bank of India (RBI) is currently working towards a phased implementation strategy for introduction of Central Bank Digital Currency (CBDC), Minister of State for Finance Pankaj Chaudhary said on…