The shares of IndiGo’s parent company Interglobe Aviation and troubled low-cost carrier SpiceJet shot up by 3 per cent in Tuesday’s intraday trade after India’s domestic air traffic crossed the historic 5 lakh mark in a single day for the first time ever. The surge in traffic is being driven by the strong demand for … Read more
The Indian stock market, which saw a super rally on Tuesday, lost the steam towards the end amid heavy profit-booking, as fresh tensions between Ukraine and Russia came to light. Sensex closed with a gain of 239 points after rising more than 1,100 points during the intra-day trading. The reversal happened after reports emerged about … Read more
Among six leading Indian cities, Hyderabad stands out as the fastest-growing one driven by robust infrastructure development and surging real estate demand, a report showed on Tuesday. Meanwhile, Mumbai-MMR maintains steady growth across all metrics, reaffirming its position as India’s financial capital, and Delhi-NCR ranks highest for its superior physical infrastructure and governance, according to … Read more
Embedded finance can unlock $25 billion revenue opportunity for India’s digital and financial services platforms by 2030, a report showed on Tuesday. Embedded finance means where financial services can exponentially expand customer reach by directly integrating within everyday consumer platforms, open digital networks and supply chains. According to the report by Elevation Capital, India’s leading … Read more
There has been an enhanced engagement of women in economic activity in India, accompanied by a declining unemployment rate and upward trend of educated women in the workforce over the last six years, according to data released by the Ministry of Statistics on Monday. The Ministry’s figures also show a steady increase in the earnings … Read more
There was a robust 14 per cent growth in two-wheeler retail sales during the festive season (October 3-November 13), aided by festive cheer and an improvement in rural demand, a report showed on Monday. Credit rating ICRA has revised the outlook for the wholesale volume growth for the two-wheeler industry to 11-14 per cent … Read more
The GST Council will hold its next meeting in Rajasthan’s Jaisalmer on December 21, during which it is likely to take a decision on exempting or lowering the GST rate on health and life insurance. The council, chaired by Union Finance Minister Nirmala Sitharaman, may also take up the issue of rationalising GST rates on … Read more
The overall gross exports of gems and jewellery from India stood at Rs 25,194 crore in October, a growth of 9.18 per cent compared to Rs 22,857.16 crore in the same month last year, bringing relief for the industry amid volatility in markets, according to a data released by the Gems and Jewellery Export Promotion … Read more
Oil prices retreated on Tuesday after the previous day's rally driven by halted production at Norway's Johan Sverdrup oilfield, but investors remained cautious amid fears of a potential escalation in the Russia-Ukraine war. Brent crude futures for January delivery slipped 7 cents, or 0.1%, to $73.37 a barrel by 0119 GMT, while U.S. West Texas … Read more
The yen got some much-needed respite on Tuesday as it steadied on the stronger side of 155 per dollar thanks to a pullback in the U.S. currency, which ran into profit-taking after a stellar rally that saw it scale a one-year high. The yen last edged 0.2% higher to 154.40 per dollar, recovering from its … Read more