Asia shares dipped in and out of positive territory on Monday, under pressure from weakness in Chinese stocks, but bitcoin scaled a three-month peak as "Trump trades" continued to ramp up. Gold hit another record high on conflict in the Middle East and an extremely close U.S. presidential election, with the yellow metal expected to … Read more
The Indian rupee is expected to hold near all-time lows on Monday amid possible outflows related to the Hyundai Motors India initial public offering and foreign equity outflows. The one-month non-deliverable forward indicated that the rupee will open barely changed from the last close of 84.0650 and not too far away from the 84.0775 lifetime … Read more
Oil prices steadied in early trading on Monday, following a more than 7% drop last week on worries about demand in China, the world's top oil importer, and an easing of concerns about potential supply disruptions in the Middle East. Brent crude futures rose 8 cents, or 0.11%, to $73.14 a barrel by 0120 GMT. … Read more
The Employees' Provident Fund Organisation (EPFO) on Sunday said it added 18.53 lakh net members in the month of August, a 9.07 per cent year-on-year growth compared to August 2023. The EPFO enrolled around 9.30 lakh new members in August, representing an increase of 0.48 per cent in the new members from the previous … Read more
India’s G20 Sherpa and former NITI Aayog CEO Amitabh Kant contends that in order for India to grow at high rates of nine to ten per cent and become a developed economy by 2047, the country’s GDP has to grow by nine times and per capita income by eight times, with manufacturing and urbanisation playing … Read more
The outlook for the market for next week will be guided by the major domestic and global economic data such as India Nikkei S&P Global manufacturing and services PMI data, India RBI MPC meeting minutes, US initial jobless claims, FII activities and quarterly results, according to the experts. Between October 21 and 25, the results … Read more
The vehicle exports from India bounced back in the first six month of the current financial year (FY25) compared to the same period last fiscal, with more than 2.52 million automobiles shipped abroad. The auto exports stood at 25,28,248 units in H1 FY25 (compared to 22,11,457 units in H1 FY24) — a 14 per cent … Read more
India's trade minister on Saturday said the country has sought a critical mineral partnership agreement with the United States as he hopes for talks on a broader trade pact between the two nations. "I had suggested that critical mineral MoU (memorandum of understanding) to be converted to a critical mineral partnership and become a starting … Read more
The government has set the national target of food grain production at 341.55 million metric tonnes in the financial year 2024-25. To meet the increasing demand of edible oil in the country and to become self-reliant, the government aims at increasing the production of oilseeds from 39.2 million metric tonnes (MMT) in 2022-23 to 69.7 … Read more
In a significant development, the Group of Ministers (GoM) on Saturday agreed upon some Goods and Services Tax (GST) rate revisions that are likely to bring in an additional Rs 22,000 crore revenue. The GoM, headed by Bihar Deputy Chief Minister Samrat Chaudhary, suggested raising GST rates on several luxury items, including high-end wristwatches and … Read more