The government has provided special additional packages to farmers over and above Nutrient-Based Subsidy (NBS) to further reduce the price of fertilisers in both the kharif and rabi seasons of 2024, the Parliament was informed on Tuesday. The government has ensured the smooth availability of fertilisers at affordable prices despite recent geo-political situations due to … Read more
The Indian rupee is likely to open little changed on Wednesday amid mixed Asian cues, while awaiting the Reserve Bank of India's (RBI) interest rate decision and the U.S. jobs report later this week. The one-month non-deliverable forward indicated that the rupee will open nearly unchanged from 84.6850 in the previous session. On Tuesday, the … Read more
Oil prices were little changed in early Asia trade on Wednesday as market participants weighed higher U.S. crude oil and fuel inventories as well as the likelihood of OPEC+ extending supply cuts. Brent crude futures fell 2 cents, or 0.03%, to $73.60 a barrel by 0145 GMT, while U.S. West Texas Intermediate crude futures eased … Read more
Indian shares are anticipated to open slightly higher on Wednesday, extending a three-session winning streak, while focus will remain on the domestic central bank's interest rate decision later in the week. The Gift Nifty futures were trading at 24,539.5 as of 08:24 a.m. IST, indicating that the benchmark Nifty 50 will open above its Tuesday's … Read more
The Indian benchmark equity indices, Sensex and Nifty closed in the green on Tuesday as heavy buying was seen in PSU Bank and media sectors at the end of trading. At closing, Adani Ports emerged as the top gainer in the BSE's benchmark, settling at Rs 1,288.80 after surging by Rs 73.20 or 6.02 … Read more
India is set to update the base year for calculating gross domestic product (GDP) to fiscal 2023 from fiscal 2012, Minister for Statistics Rao Inderjit Singh told Parliament on Monday. An advisory committee on national accounts statistics has been formed to identify new data sources and advise on the methodology for the revised series, the … Read more
India's edible oil imports in November jumped to their highest level in four months as refiners raised purchases of palm oil, soyoil and sunflower oil to replenish inventories after robust demand during festival season, five dealers said. Higher palm oil imports by India, the world's biggest buyer of vegetable oils, would help in bringing down … Read more
The demand from two-wheeler original equipment manufacturers (OEMs) in India is expected to show double-digit growth this fiscal (FY25), a report showed on Tuesday. The operating profitability of auto component makers should sustain at 12-13 per cent this fiscal and the next due to better realisations and cost reduction initiatives, said a Crisil Ratings … Read more
India is projected to see 7-10 per cent growth (year-on-year) in domestic air passenger traffic at 164-170 million in FY25, according to a report on Tuesday. In the first half this fiscal (H1 FY25), the domestic air passenger traffic stood at 79.3 million, witnessing a YoY growth of 5.3 per cent, partly impacted by the … Read more
Hyundai Motor Group on Tuesday announced key partnerships with the Indian Institutes of Technology (IITs) to establish a collaborative research system in the fields of batteries and electrification, as its doubles down on the EV ecosystem in the country. The three institutes include IIT Delhi, IIT Bombay and IIT Madras. The Hyundai Center of Excellence … Read more