Economy News

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India's forex reserves decline by $587 mn in 4th consecutive week ending Dec 24

FCAs edged lower by $847 million to $571.369 billion. SDR value rose by $24 million to $19.114 billion.

Jan 1, 2022

Indian equities end 2021 on positive note, all sectoral indices up in the last one year

The Sensex and Nifty settled at 58,253 points and 17,354 points. The decline in the use of cash can affect business activities, say experts.

Jan 1, 2022

Living without power connection, this BPL family gets electricity bill worth Rs 1 lakh [details]

Taking serious note of harassment of poor family, SDM Mendhar orders inquiry; asks an officer to submit a report within a week

Dec 29, 2021

First-ever real-estate summit in J&K: 39 MoUs worth Rs 18,300 cr signed [details]

J&K is likely to receive close to Rs 60 thousand crores of investment in the real estate sector in near future. Next summit is to be held at Srinagar in May 2022

Dec 29, 2021

Value buy lifts Sensex, Nifty today; healthcare stocks rise

Healthcare and Banks have risen the most, whereas Metals and Oil & Gas have fallen the most. National Stock Exchange (NSE) rose to 17,050 points

Dec 27, 2021

Investors approach RBI to buy stake in RBL Bank: Report

The current management team led by Rajeev Ahuja has full support from RBI. The slippages had peaked in Q2 and will be improving this quarter

Dec 27, 2021

India's foreign exchange reserve down by $160 mn in week ending Dec 17

The SDR value stands at $19.089 billion. The country's reserve with the IMF saw a rise of $9 million.

Dec 25, 2021

K'taka Anti-conversion bill black mark on state, affects global standing: Shivakumar [Details]

Karnataka Congress President D.K. Shivakumar on Tuesday said that the proposed anti-conversion bill is going to be a black mark on the state. He further stated that, if the proposed bill is introduced it will affect the foreign investments in the state.

Dec 21, 2021

Bloodbath at Dalaal Street; why Sensex, Nifty plunged over 2% [reasons explained]

The Nifty IT index, which had held gains on Friday due to an encouraging demand forecast for the industry, also succumbed to the broader bearish attitude.

Dec 20, 2021

Diesel, petrol prices steady on Sunday; see fuel rates in different cities [details]

Across the country as well, the price of the fuel remained largely unchanged on Sunday but the retail rates varied depending on the level of local level taxes.

Dec 19, 2021

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India's foreign exchange reserves decline for 3rd consecutive week

The forex reserves decreased to $635.828 billion from $635.905 billion. The value of gold reserves rose to $38.709 billion.

Dec 18, 2021

People face problems due to nationwide bank strike

Bank Strike Impact: Clearance of 38 lakh cheques worth Rs 37,000 cr affected

The ongoing two-day nationwide bank strike against the privatisation of government banks has affected clearing of cheques worth about Rs 37,000 crore, said C.H. Venkatachalam, General Secretary of the All India Bank Employees' Association (AIBEA).

Dec 17, 2021

PLI schemes to create 1 cr jobs in 5 yrs: Ministry

The outcome from the Centre's recently announced slew of production-linked incentive schemes, in terms of production, is expected to be over $504 billion over the next five years, an official statement said on Thursday.

Dec 17, 2021

Here's how Vyapar GST billing software are helping SMEs

Vyapar provides everything from invoicing, e-way bills, tax filing, and much more. Businesses can use sales/purchase data directly within the software to create 100% GST-compliant accounting reports.

Dec 14, 2021

India's Nov retail inflation sequentially inches up to 4.91%, three-month high

Rising costs of various commodities have lifted India's retail inflation for November. The overall prices of food and beverages were up by 2.60%. Vegetable prices declined by 13.62%.