From $14.9 billion in FY14 Indian pharma exports have surged to $27.9 billion — more than 90 per cent growth in the last 10 years, said Jitin Prasada, Union Minister of State (MoS) for Commerce and Industry on Wednesday. He was speaking at the inauguration of a three-day International Exhibition For Pharma And Healthcare Exhibition … Read more
Indian equity benchmarks closed flat on Wednesday following volatility in the markets. At closing, Sensex was up 73 points, or 0.09 per cent, at 81,785 and Nifty was up 34 points or 0.14 per cent at 25,052. The overall market was supported by IT and Pharma stocks. During the market hours, Nifty reached an all-time … Read more
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved three projects of Ministry of Railways with a total estimated cost of Rs 6,456 crore and to be completed by up to 2028-29. The projects will also generate direct employment for about 114 lakh man-days during construction. The three … Read more
The Lao central bank, the Bank of the Lao PDR (BOL), is set to further increase interest rates to alleviate inflationary pressures currently affecting the economy. The bank's Monetary Policy Committee has decided to raise the interest rate on Lao currency kip from 10 per cent to 10.5 per cent per year. The interest rate … Read more
In a landmark decision, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP) worth Rs 28,602 crore. The decision is expected to generate significant employment opportunities, with an estimated 1 million direct jobs and up to … Read more
GRM Overseas, India's third-largest rice exporter, said on Wednesday that it bought a 44% stake in the parent of instant coffee maker Rage Coffee, as a part its move to invest in various new-age consumer brands. GRM, which mainly deals with rice, flour and edible oils, said it bought the stake in Swmabhan Commerce through … Read more
In a significant move to enhance and strengthen the agricultural infrastructure in the country and support the farming community, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday, announced a series of measures to expand the scope of the central sector Agricultural Infrastructure Fund (AIF) scheme. "To date, Rs 47,575 crore has … Read more
The FIIs as per Thursday's data were net sellers in equity segment, while they were net buyers in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 14905.02 crore against gross selling of Rs 15452.85 crore. Thus, FIIs stood as net sellers of Rs 547.83 crore … Read more
The FIIs as per Wednesday's data were net buyers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 16864.93 crore against gross selling of Rs 12070.32 crore. Thus, FIIs stood as net buyers of Rs 4794.61 crore in equities. In the debt … Read more
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the proposal of the Ministry of Power for providing central financial assistance to the state governments of the northeastern region towards their equity participation in the development of hydroelectric projects through joint venture (JV) collaborations between state entities and central public sector undertakings … Read more