Saturday, December 21, 2024

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Economy

December 20, 2024 9:59 PM

Centre, ADB sign $350 million loan to boost India’s supply chains

The Indian government and the Asian Development Bank (ADB) have signed a $350 million policy-based loan agreement to support the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) programme. This loan, under the programme's second s...

December 20, 2024 9:33 PM

Cabinet hikes MSP for Copra to Rs 12,100 per quintal

The Cabinet Committee on Economic Affairs on Friday hiked the Minimum Support Price (MSP) for fair average quality of milling copra to Rs 11,582 per quintal and for ball copra to Rs 12,100 per quintal for the 2025 marketing season, according to an of...

December 20, 2024 4:58 PM

Indian stock markets decline over 1.4% amid global selloff

The Indian stock market faced a sharp decline on Friday, shedding over 1,000 points, following indications from the US Federal Reserve of a cautious approach to interest rate cuts.     Major selling was observed in Nifty’s realty and PSU bank ...

December 20, 2024 3:01 PM

How a hedge fund exodus reshaped global cocoa markets 

Behind a record surge in cocoa prices this year, a corner of financial markets that drives the cost of chocolate underwent a seismic shift: the hedge funds that oiled its workings headed for the exit.   Confectionery prices, from candy bars to hot...

December 20, 2024 12:39 PM

India’s Renewable Energy Sector Attracts Record Investment in 2023

A new report by the Centre for Financial Accountability reveals that project finance flowing into India's renewable energy sector surged by 63% in 2023, reaching Rs 30,255 crore ($3.66 billion) compared to 2022 figures. The report, titled 'Coal vs R...

December 20, 2024 9:58 AM

Indian share market opens flat, Nifty above 23,900

The Indian stock market opened flat on Friday as the hawkish stance from the US Fed began to fade away. Buying was seen in auto, media and energy sectors in Nifty. The negative market reaction to the recent US Fed comments was not seen for long term...

December 19, 2024 5:10 PM

Sensex drops 964 points after US Fed’s hawkish stance on rate cuts

Indian equity markets faced a steep decline on Thursday, closing in the red amid weak global cues. The sell-off was primarily triggered by the US Federal Reserve's hawkish stance on interest rates, which led to a major shift in expectations for 2025....

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Last updated on: 20th December 2024