India sees 5.35 pc growth in exports at $328.86 billion in April-August

India’s total exports during the April-August period are estimated at $328.86 billion, registering a positive growth of 5.35 per cent, data by the Ministry of Commerce and Industry showed on Tuesday.   Total imports during the first five months of the current fiscal are estimated at $375.33 billion, registering a growth of 7.20 per cent. … Read more

Softening of WPI inflation to cut production costs, demand surge for consumption

The softening of wholesale price index (WPI) inflation in August on the back of decline in prices of food articles, especially vegetables and milk is encouraging, which will lead to reduction in production costs and increase in demand for consumption within the country, industry experts said on Tuesday.  The lower-than-expected WPI number is primarily owing … Read more

Axis Bank trades higher on the BSE

Axis Bank is currently trading at Rs. 1237.90, up by 6.40 points or 0.52% from its previous closing of Rs. 1231.50 on the BSE. The scrip opened at Rs. 1237.55 and has touched a high and low of Rs. 1238.25 and Rs. 1227.60 respectively. So far 54036 shares were traded on the counter. The BSE … Read more

Credit profiles of flexible packaging players will continue to remain subdued this fiscal: Crisil

Crisil ratings in its latest report has said that credit profiles of flexible packaging players will continue to remain subdued this fiscal on elevated debt levels, which had burgeoned, over the past three fiscals due to sizeable capacity expansions. However, steady domestic demand (accounting for around 75% of sectoral volumes) and negligible capacity additions will … Read more