India’s forex reserves increased by $1.51 billion to $658.09 billion for the week ended November 29, the RBI said on Friday. Photograph: Lisa Marie David/Reuters The overall reserves had dropped by $1.31 billion to $656.58 billion in the previous reporting
Chief Economic Advisor V Anantha Nageswaran on Thursday said economic activity in some sectors have picked up pace during October-November and a GDP growth of 6.5-7 per cent in the current fiscal is feasible. Photograph: Anushree Fadnavis/Reuters He also said
Gold buying by central banks surged to 60 tonnes in October, mainly led by the Reserve Bank of India (RBI) which added 27 tonnes of the precious metal to its reserves, the World Gold Council (WGC) said on Thursday. Photograph:
India’s services PMI marginally dipped to 58.4 in November while employment in the segment recorded robust growth, a monthly survey said on Wednesday. Photograph: Adnan Abidi/Reuters The seasonally adjusted HSBC India Services Business Activity Index was down marginally to 58.4
Major two-wheeler (2W) manufacturers in India witnessed a single-digit decline in domestic sales in November after dispatches had picked up in October for the festive season when wholesales went up by 14 per cent and retail also grew by 36
The government on Monday scrapped 30-month old windfall profit tax on domestically-produced crude oil and on export of jet fuel (ATF), diesel and petrol following a decline in international oil prices. Photograph: Dado Ruvic/Reuters Minister of State for Finance Pankaj
India’s economic growth slowed to near two-year low of 5.4 per cent in the July-September quarter of this fiscal due to poor performance of manufacturing and mining sectors as well as weak consumption, but the country continued to remain the
The output of eight key infrastructure sectors expanded by 3.1 per cent in October 2024, sharply down from a 12.7 per cent growth registered in the same month last year, according to official data released on Friday. Photograph: Sergei Karpukhin/Reuters
India’s forex reserves dropped $1.31 billion to $656.58 billion for the week ended November 22, the Reserve Bank of India (RBI) said. Photograph: Dado Ruvic/Reuters The kitty had dropped a record $17.76 billion to $657.89 billion in the previous reporting
Fair trade regulator CCI on Thursday ordered a probe against Google and its affiliates for alleged unfair business practices with respect to listing of real money gaming apps on Play Store. Photograph: Dado Ruvic/Reuters While passing the order, CCI said
