The Cabinet on Monday approved seven key schemes to improve farmers’ lives and increase their incomes at a total outlay of Rs 13,966 crore. Based on the Digital Public Infrastructure (DPI), the ‘Digital Agriculture Mission’ will use technology for improving farmers’ lives with a total outlay of Rs 2,817 crore. It has provision for soil … Read more
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Monday approved the proposal of Kaynes Semicon Pvt Ltd to setup a semiconductor unit in Sanand, Gujarat, with an investment of Rs 3,300 crore. The proposed unit, under the India Semiconductor Mission (ISM), will produce nearly 60 lakh chips per day. The chips produced in … Read more
India's benchmark Nifty 50 index is set to open at a record high on Tuesday as investor sentiment remains upbeat on the back of strong domestic growth and rising foreign inflows, while traders eye Adani Green Energy as it deepens ties with France's TotalEnergies. The GIFT Nifty was trading at 25,365.5 points as of 8:04 … Read more
Bond yields drifted higher on Tuesday, while currencies and Asia's stock markets steadied as investors waited on a raft of data to determine how deeply the U.S. can cut interest rates. Ten-year Treasury yields were slightly higher at 3.919% and two-year yields rose a basis point to 3.935% as trade resumed in Asia following a … Read more
Home prices in India are set to rise steadily over the next few years, driven by demand for luxury properties from cash-rich individuals, according to a Reuters poll of housing experts who forecast rent increases will outpace consumer inflation. While economic growth in Asia's third-largest economy is likely to outpace its major peers, policy experts … Read more
Gold prices drifted lower on Tuesday, while investors awaited a slew of U.S. economic data to gauge the size of the Federal Reserve's expected interest rate cut this month. Spot gold eased 0.2% at $2,494.19 per ounce by 0155 GMT. Prices hit a record high of $2,531.60 on Aug. 20. U.S. gold futures fell 0.1% … Read more
Plans for French oil major TotalEnergies to form a new joint venture with India's Adani Green Energy took a step forward on Monday, as the Indian company's board voted to approve a deal with a $444 million investment on Total's side. The pair had announced in September 2023 that they would form a new joint … Read more
Brent oil prices slid in Asian trade on Tuesday as concern about a sluggish economy in China bringing down demand outweighed the impact of a blockade of oil production facilities in Libya. Brent crude futures were down 37 cents, or 0.48%, to $77.15 a barrel by 0156 GMT. U.S. West Texas Intermediate crude, which did … Read more
The dollar held close to a two-week high against the yen and the euro on Tuesday as investors geared up for a slew of economic data, including Friday's U.S. payrolls, that will influence the size of an expected interest rate cut from the Federal Reserve. The euro was last at $1.1060, not far from the … Read more
The coal production in India reached 384.08 million tonnes (MT) up to August in the current fiscal, a growth of 6.48 per cent compared to 360.71 MT during the same period in FY24, the government said on Monday. According to the Ministry of Coal, the production of Coal India Limited (CIL) surged to 290.39 MT … Read more