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
New Delhi (IANS) Amazon on Friday said it has completed the integration of its grocery stores Fresh and Pantry into a single unified store called Amazon Fresh in India. The new store, available across more than 300 cities in the country, … read more
Mumbai (IANS) With the monsoon withdrawing, consumption recovering, and infrastructure activity picking up, freight rates saw a sequential recovery in October. However, with diesel prices ruling high after a scorching run-up, the overall profitability of transporters remains below levels seen … read more
New Delhi (IANS) India’s real GDP is expected to grow at 8-9 per cent year-on-year (YoY) in Q2FY22, Motilal Oswal Financial Services (MOFSL) said. The real GDP is the inflation adjusted figure of all the finished goods and services produced in … read more
New Delhi (IANS) Earbuds, as a consumer electronics category, have come of age and in the July-September period, India saw the shipments of record 80 lakh TWS (true wireless stereo) devices led by homegrown company boAt, a new report showed on … read more
New Delhi (IANS) The GST collection of the government maintained its momentum this fiscal year despite Covid disruption as a pickup in economic recovery is shoring up corporate earnings. The gross GST revenue collected in the month of October 2021 stood … read more
New Delhi (IANS) Oil Marketing Company Indian Oil Corporation (IOC) along with the Delhi-based start-up Humsafar India has launched a doorstep diesel delivery service for small quantities. Accordingly, the service offered via a mobile app, Fuel Humsafar, begun doorstep delivery of … read more
New Delhi (IANS) After fuel price surge, prices of gas used for cooking and transportation are expected to soar this year putting consumers in India at the risk of inflated CNG and PNG rates. As per an assessment of gas market … read more