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North-East is India's gateway to the South and investing in the region will give investors access to the vast Southeast Asian markets, Union Minister for Communications and Development of North Eastern Region (DoNER), Jyotiraditya Scindia, has said.  Speaking at the ‘North East Trade and Investment Roadshow’ here, the minister emphasised the region’s immense potential, which … Read more

Public sector oil major Hindustan Petroleum Corporation Limited (HPCL) has signed an agreement with NICDC Logistics Data Services Ltd (NLDS) to integrate its APIs with Unified Logistics Interface Platform (ULIP), the Commerce and Industry Ministry announced on Monday.  The HPCL API of ULIP provides Fuel Station & Pricing Visibility, which offers real-time visibility into the … Read more

In a remarkable achievement, Minister of State for Finance, Pankaj Chaudhary, has said that India has garnered Foreign Direct Investment (FDI) inflows amounting to $709.8 billion between April 2014 and September 2024. India’s FDI policy framework is built on the principle of openness, allowing 100 per cent FDI under the automatic route in most of … Read more

The Indian rupee may slip to an all-time low on Tuesday with the currency, already under pressure from slowing growth, choppy equity flows and a dollar rally, will have to contend with an unexpected widening in trade deficit to a record high. The 1-month non-deliverable forward indicated that the rupee will open at 84.88-84.90 to … Read more

The dollar held firm and near recent peaks on Tuesday, on the eve of an expected interest rate cut in the United States, as traders ratchet long-term rate assumptions higher. The friendless euro, which is heading for a calendar-year drop of nearly 5% on the dollar, was not far from the year's lows at $1.0518. … Read more

Oil prices were range-bound in early Asian trading on Tuesday as investors worried about Chinese demand and awaited further market direction from a U.S. interest rate decision due on Wednesday. U.S. West Texas Intermediate crude was down 6 cents at $70.65 a barrel at 0112 GMT, while Brent crude futures fell 1 cent to $73.90 … Read more

Asian stocks edged higher and the dollar held firm on Tuesday as traders braced for a slate of central banks meetings this week that is likely to see the U.S. Federal Reserve deliver a rate cut and the Bank of Japan stand pat for now. Bitcoin, the best-known and the biggest cryptocurrency, remained nestled near … Read more

India's total exports (merchandise and services combined) during November 2024 are estimated at $67.79 billion, registering a growth of 9.59 per cent vis-a-vis November 2023, the Commerce and Industry Ministry announced on Monday.   The cumulative value of merchandise exports during April-November 2024 was $284.31 billion, as compared to $278.26 billion during April-November 2023, registering … Read more

 Indian shares will likely open little changed on Tuesday amid caution ahead of the U.S. Federal Reserve's Dec. 18 meeting, being closely watched for cues about its future rate cut trajectory. The Gift Nifty futures were trading at 24,667, as of 8:08 a.m. IST, indicating that the benchmark Nifty 50 will open near Monday's close … Read more