Wholesale price inflation moderated marginally to 2.31 per cent in January due to the decline in prices of food items especially vegetables, government data released on Friday showed. Photograph: Rupak De Chowdhuri/Reuters The Wholesale Price Index (WPI) based inflation was
Equity benchmark indices Sensex and Nifty extended their downward trend to eighth day in a row on Friday as investors’ sentiments were plagued due to persistent foreign fund outflows. Photograph: PTI Photo from the Rediff Archives Markets began the trade
American President Donald Trump has announced imposing reciprocal tariffs on its major trading partners including China that levy higher import duties on goods shipped from the United States. Photograph: Brian Snyder/Reuters He has already announced a 25 per cent duty
‘It can position itself as a China Plus One solution, fulfilling the demands of developed economies.’ Photograph: Kind courtesy Essar Group As President Donald Trump rolls out his Make in America plans, India’s Essar Group is finalising an additional $650
Investor sentiment towards Indian equities remains robust despite foreign portfolio outflows, with increasing participation in the market. However, according to Neelkanth Mishra, Chief Economist at Axis Bank, a sustained market uptrend hinges on earnings stability and liquidity improvements. Speaking on
Despite significant losses in the Indian stock market—driven by US President Donald Trump’s aggressive tariff policies, heavy foreign capital outflows, and weak domestic macroeconomic indicators—10 stocks from the BSE 500 index have surged 15-29% this year (as of February 14).
India’s forex reserves jumped by $7.65 billion to $638.26 billion in the week ended February 7, the RBI said on Friday. Photograph: Lisa Marie David/Reuters This is the third consecutive week of a jump in the kitty, which had increased
Lok Sabha Speaker Om Birla on Friday constituted a 31-member Select Committee of the lower house to examine the Income Tax Bill. To be headed by Bharatiya Janata Party’s Baijayant Panda, the panel is mandated to submit its report by
JioStar, the newly formed joint venture by the merger of Viacom18 and Star India, on Friday announced the launch of JioHotstar by bringing together JioCinema and Disney+ Hotstar streaming platforms. With close to 3 lakh hours of entertainment, live sports
Account holders of the New India Co-operative Bank woke up to a rude shock on Friday morning, after the Reserve Bank of India’s bar on withdrawal of funds came into effect. The order was issued on Thursday evening, since the
