Led by solar and wind energy, India has crossed the 200 gigawatt (GW)-mark in renewable energy (RE) production in the month of September. As per latest data from the Central Electricity Authority (CEA), the renewable energy-based electricity generation capacity (including small and large hydro, biomass and co-generation and waste-to-energy) crossed the 200 GW-mark in September. … Read more
India’s industrial production, measured in terms of the Index of Industrial Production (IIP), turned negative as it contracted by 0.1 per cent in August 2024, after a gap of nearly two years, mainly due to a decline in the mining and power generation sectors’ output, in addition to an almost flat expansion in the manufacturing … Read more
Gold prices eased on Monday, weighed down by a firmer U.S. dollar, while investors looked out for fresh clues on Federal Reserve interest rate cuts. Spot gold fell 0.2% to $2,651.99 per ounce by 0252 GMT after rising 1% in the previous session. U.S. gold futures lost 0.3% to $2,669.20. The dollar index rose 0.1% … Read more
India’s bioeconomy grew more than $150 billion in 2023 and is expected to reach $300 billion by 2030, the government said on Sunday. Inaugurating India’s first demonstration facility for biopolymers in Pune, Union Minister Jitendra Singh said this is a pioneering effort in developing indigenously integrated technology for the production of Polylactic Acid (PLA) bioplastic. … Read more
The Indian rupee, which dropped below 84 against the dollar for the first time ever, is likely to stay under pressure this week, with traders watching the extent of decline the central bank may allow, while bond yields will take cues from U.S. peers. The rupee fell to its all-time low of 84.07 on Friday, … Read more
The Indian rupee is likely to begin the week on the defensive after it weakened past an important level on Friday amid a buoyant U.S. dollar. The one-month non-deliverable forward indicated that the rupee will open near 84.08 to the U.S. dollar, compared with 84.06 in the previous session and past the lifetime low of … Read more
Indian shares are likely to open slightly higher on Monday, with investors eyeing earnings reports from Reliance Industries and HCL Tech to kick off a results-heavy week, while the domestic inflation print remains in focus for clues about a possible interest rate cut. The Gift Nifty was trading at 25,083 as of 8:15 a.m. IST, … Read more
The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China's somewhat disappointing weekend stimulus announcements the focus of market attention. The euro was down 0.13% at $1.0922 and the pound nearly 0.2% lower at $1.3043. The dollar was flat on the Japanese yen at 149.20. … Read more
Oil prices fell by more than $1 a barrel, losing over 1.5% in early trading on Monday, after disappointing Chinese inflation data and a lack of clarity on Beijing's economic stimulus plans stoked fears about demand. Brent crude futures were down $1.26, or 1.59%, at $77.78 per barrel by 0020 GMT, and U.S. West Texas … Read more
In a bid to enhance bilateral trade, supply chains, semiconductor investment, AI and next-gen technologies, the US-India Strategic Partnership Forum (USISPF) is set to host its annual 'India Leadership Summit 2024' in the national capital on Monday (October 14). The summit follows on the heels of Prime Minister Narendra Modi's successful recent visit to … Read more