New Delhi (IANS) Healthy monsoon season along with pent-up demand accelerated India’s Q2FY22 GDP growth rate to 8.4 per cent on a year-on-year basis. India’s GDP growth rate had fallen by 7.4 per cent during the corresponding period of the previous … read more
New Delhi (IANS) The stocks of Sintex Industries have been rising ever since Reliance Industries emerged as one of the bidders who showed interest to acquire the bankrupt firm. As per reports, Reliance Industries, ARES Capital-backed Assets Care and Reconstruction Enterprises, … read more
New Delhi (IANS) Strong domestic as well as export demand will improve year-on-year (YoY) sales volumes of overall textile sector in FY22, said India Ratings and Research (Ind-Ra). According to the agency, domestic as well as export demand will sustain during … read more
New Delhi (IANS) India and the Asian Development Bank have signed a $300 million loan to strengthen and improve access to comprehensive primary health care in urban areas of 13 states that will benefit over 256 million urban dwellers including 51 … read more
New Delhi (IANS) In a major boost to export prospects of agricultural produce, India registered a significant surge in export of agricultural and processed food products in April-October period of current Financial Year, 2021-22, in comparison to the corresponding seven month … read more
Bengaluru (IANS) “The US remains India’s biggest trading partner and largest export market with trade exploding from approximately $20 billion in 2001 to just over $145 billion in 2019 notwithstanding the pandemic taking a toll on trade,” said US Consul General … read more
New Delhi (IANS) Electric vehicle startup Lucid Motors market value has exceeded Ford Motor Group to $89.9 billion, after it closed at $55.52 a share, Al Arabiya reported. The EV startup’s market value, which is backed in part by Saudi Arabia’s … read more
Chennai (IANS) General insurers in India, China, Indonesia and Vietnam, part of the Asia-Pacific nations, will take a gradual approach in reducing their exposure to coal or coal related industries, said Moody’s Investors Service in a new report. According to Moody’s, … read more
Mumbai (IANS) The expected rise in trade deficit to about $20 billion this month, along with high crude oil prices, will weaken the Indian rupee further during the upcoming week. The rupee is likely to range near 75 to a US … read more
New Delhi (IANS) The continued benign inflationary trajectory in Q3FY22 has increased the likelihood of further postponement of interest rate normalisation, said Acuite Ratings & Research on Saturday. The assessment comes after India’s October retail inflation inched-up sequentially on the back … read more