Economy News

EPFO playing key role in providing social security, financial stability to millions

EPFO Crucial in Ensuring Social Security and Financial Stability for Millions: Minister

The Employees' Provident Fund Organisation (EPFO) has played a pivotal role in providing social security and financial stability to millions of members across the country, Union Minister for Labour and Employment, Dr Mansukh Mandaviya, has stressed.

Nov 16, 2024

Gold prices fall to Rs 77,000 per 10 grams; sliver below Rs 91,000 per kg

Gold prices likely to further come down with no near-term positive triggers

Gold prices are likely to further come down in the near future as sellers remain dominant with no near-term positive triggers, trade experts said on Friday, adding that the next lower target zone is looking more likely before this correction in prices of the precious metal is over.

Nov 15, 2024

Ola Electric's stock tanks to its lowest as market analysts warn investors

CCPA orders detailed probe into Ola Electric over consumer complaint resolution process

In mounting trouble for Bhavish Aggarwal-led Ola Electric, the Central Consumer Protection Authority (CCPA) has now ordered a comprehensive probe into the EV company over its consumer complaint redressal practices.

Nov 14, 2024

India poised to surpass Japan in GDP ranking by 2025

India poised to surpass Japan in GDP ranking by 2025

India's gross domestic product could soon become larger than Japan's, making it the world's fourth-largest economy, according to a Japanese media report on Thursday.

Nov 14, 2024

IPO market buzz continues next week with 3 new public issues

India's infrastructure push to be among largest in 21st century: KPMG

India is likely to see implementation of one of the biggest infrastructure programmes in 21st century, amongst the largest economies and creating fiscal sources of capital would be key to this initiative, according to a KPMG report.

Nov 13, 2024

India's public sector banks clocks 11 pc growth at Rs 236 lakh crore in April-Sep FY25

India's public sector banks clocks 11 pc growth at Rs 236 lakh crore in April-Sep FY25

Public sector banks (PSBs) showed strong performance in the first half of current fiscal (FY25) with 11 per cent annual growth.

Nov 12, 2024

US oil drilling costs may reach $67-$70 per barrel by 2026 under Trump

US oil drilling costs may reach $67-$70 per barrel by 2026 under Trump

The Donald Trump presidency in the US could have a significant impact on the oil market, with potential growth largely dictated by price.

Nov 11, 2024

Demat accounts rise to 171 million in August, up 4 million

Demat accounts in India reach 179 million in October: Report

As Indian stock markets continue to outperform compared to a global market, the number of total demat accounts increased to 179 million in October, from 175 million in September.

Nov 11, 2024

Trump's return likely to bolster India's textile trade with US: Industry

Trump's return likely to bolster India's textile trade with US: Industry

The Confederation of Indian Textile Industry (CITI) on Monday said the return of Donald Trump as the next US President will bolster India's textile and apparel trade with its largest international market.

Nov 11, 2024

Centre completes auction of 8 critical mineral blocks in big step to bolster self-reliance

Centre completes auction of 8 critical mineral blocks in big step to bolster self-reliance

India's Ministry of Mines successfully auctions 8 critical mineral blocks, securing vital resources for electronics, EVs, defense, and renewable energy.

Nov 7, 2024

Reserve Bank of India (RBI)

RBI Governor rules out immediate rate cut as inflation still a concern

Reserve Bank of India Governor Shaktikanta Das on Wednesday said that although the central bank had shifted towards a softer neutral monetary policy stance to spur growth, this did not mean that an interest rate cut would happen immediately

Nov 6, 2024

Cost of home-cooked veg thali spiked 20 pc in October

Cost of home-cooked veg thali increases 20 pc in October

Vegetable prices shore up costs of veg and non-veg thalis in the month of October, as the cost of a home-cooked veg thali surged 20 per cent (year-on-year) while the cost of a non-veg thali increased 5 per cent

Nov 6, 2024

E-Commerce

India's smaller cities drive online sales during festive season: Report

India's festive season online sales surge 49% driven by Tier-II, Tier-III cities, accounting for over 60% sales

Nov 6, 2024

Centre rolls out 7,663 extra trains to clear festive season rush

Centre rolls out 7,663 extra trains to clear festive season rush

The Railway Board has introduced another 7,663 special train services to cater to the festival season rush, from October 1 to November 30, which is a 73 per cent increase compared to the same period last year.

Nov 6, 2024

India's kharif foodgrain output projected at record 1,647 lakh tonnes for 2024-25

India's kharif foodgrain output projected at record 1,647 lakh tonnes for 2024-25

India's total kharif foodgrain production for 2024-25, as per the first advance estimates, is projected at a record 1,647.05 lakh metric tonnes .

Nov 5, 2024

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