Economy News

India's forex reserves at historic high of $651.5 bn, CAD to dip: RBI

With a lower trade deficit, robust services export growth and strong remittances, the current account deficit (CAD) is expected to have moderated in the January - March quarter of 2023-24, RBI Governor Shaktikanta Das said on Friday.

Jun 7, 2024

India's Coal Production Soars by 10.15% in MayCoal production up over 10 per cent in May: Ministry

India's coal production increased by 10.15% in May, reaching 83.91 million tonnes. Coal India Limited (CIL) contributed significantly to this growth, producing 64.40 MT of coal.

Jun 4, 2024

Boosting Innovation: 100X.VC Fund invests $2.7 million in 17 Startups

Investment firm 100X.VC has invested $2.7 million into 17 Indian startups. The startups span diverse sectors and are located in various Indian cities.

Jun 1, 2024

Commercial LPG gas cylinder gets cheaper by Rs 69.50 in Delhi, Mumbai and Rs 70.50 in Chennai

Oil marketing companies reduced the price of 19 kilograms of commercial LPG gas cylinders on Saturday.

Jun 1, 2024

Kashmir gets major tourism boost in 2024: Influx of record-breaking 1.25 million tourists so far

Kashmir is experiencing a tourism boom in 2024, with an influx of over 1.25 million visitors, which contributes to the local economy in a big way. The increase in tourism has a ripple effect on other industries, including horticulture and handicrafts.

May 31, 2024

RBI sees India as an emerging global hub for chips, electronics manufacturing

India's emerging sectors like renewable energy and semiconductors are expected to make rapid advances on the back of the recent initiatives by the government.

May 30, 2024

Sensex sheds 220 points amid profit booking; midcap, smallcap stocks hit

Sensex sheds 220 points amid profit booking midcap, smallcap stocks hit

May 29, 2024

Sensex flat again amid negative local and global cues

Indian equity benchmarks were trading flats on Friday, following negative global cues.

May 24, 2024

Markets: Nifty at all-time high, Sensex jumps over 750 points

Indian stocks rise on Thursday, bouncing back from a flat session

May 23, 2024

Sensex jumps 267 points, FMCG sector leads rally

Sensex was up 267 points or 0.36 per cent at 74,221 points and Nifty was up 68 points or 0.31 per cent at 22,597 points.

May 23, 2024

it-industry-should-focus-on-cyber-security-says-modi

After 10 Years of Tech advancement, India shifts into high gear now: Industry leaders

Nearly 12 lakh new jobs have been created in electronics manufacturing alone, which has crossed $100 billion

May 22, 2024

Chinese manufacturing, trade and economy

India to be fastest growing economy in next 3 years, to contribute 30% of global GDP in 2035-40

India will become the third largest economy in the world by 2030. The country will be the fastest-growing major economy in the next three years. Rating has been elevated from the "fragile 5" to the "top 5".

May 22, 2024

PPE-clad thieves rob Nashik ICICI Home Finance locker of Rs 5 Cr gold jewellery

At least two thieves, one shrouded in a PPE kit, broke into the locker hold of the ICICI Home Finance Co. Ltd Nashik branch and scooted off with gold jewellery worth around Rs 4.93 crore

May 6, 2024

RBI leaves key repo rate unchanged, focus on keeping inflation in check

The Reserve Bank of India (RBI), on Friday, left the key policy rate unchanged at 6.5 per cent in its monetary policy review for the seventh consecutive time, with the aim of keeping inflation in check and ensuring that the economy moves on a stable growth path.

Apr 5, 2024

EPFO introduces automatic transfer of PF balance for employees effective from today

EPFO has introduced a groundbreaking automatic transfer system for provident fund balances, streamlining the process for employees switching jobs.

Apr 1, 2024

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