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Economy

December 3, 2024 4:57 PM

Indian indices end higher, Sensex surges by nearly 600 points

The Indian stock market closed on a positive note on December 3, 2024, with both the Sensex and Nifty posting substantial gains. The Sensex surged by 597.67 points, ending the session at 80,845.75, while the Nifty rose by 181.10 points, closing at 24...

December 3, 2024 1:51 PM

Centre releases Rs 50,571 crore to states under capital investment scheme

The Union government has released Rs 50,571.42 crore to states under its 'Special Assistance for Capital Investment' scheme, aimed at boosting funding for various development projects during the first eight months of the current financial year, Minis...

December 3, 2024 10:53 AM

Indian stock market shows resilience amid economic concerns

Indian stock markets opened on a positive note on Tuesday, shrugging off recent GDP growth slowdown concerns. The Nifty 50 index opened at 24,367.50 points, marking a gain of 91.45 points, or 0.38%, while the BSE Sensex opened at 80,529.20 points, up...

December 3, 2024 9:02 AM

UNCCD in Riyadh: India underlines efforts on land restoration, drought resilience at CoP16

Union Minister for Environment, Forests, and Climate Change Bhupender Yadav has outlined India's efforts to address land degradation and desertification, aligning with the objectives of the UN Convention to Combat Desertification (UNCCD). While deli...

December 2, 2024 10:11 PM

Government to update GDP base year to 2022-23

The Government of India has announced its decision to revise the base year for the calculation of Gross Domestic Product (GDP) from 2011-12 to 2022-23, marking a significant update to the country’s national accounting framework. An Advisory Commit...

December 2, 2024 9:12 PM

India’s manufacturing PMI dips to 56.5 in November but remains in expansion zone

India's manufacturing sector showcased resilience in November despite mounting cost pressures and fierce competition. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) stood at 56.5, slipping from October's 57.5 and ma...

December 2, 2024 7:00 PM

Govt withdraws windfall tax on ATF, crude, petrol, and diesel, easing burden on oil companies

The government on Monday announced the withdrawal of the windfall tax on Aviation Turbine Fuel (ATF), crude oil, petrol, and diesel through a notification introduced in the Lok Sabha. The decision comes as a major relief for oil companies like Relia...

December 2, 2024 6:35 PM

India’s organic food products export reaches $448 Mn, set to surpass last year’s figures

India's organic food products export reached $447.73 million in the first eight months of this fiscal (FY25) and is on track to surpass last year's total export of $494.80 million, the Parliament was informed on Monday. In a written reply to the Lok...

December 2, 2024 5:56 PM

Markets rally amid positive cues; Sensex, Nifty surge ahead

India's benchmark indices closed higher on Monday, recovering from a subdued start. Both benchmark indices posted notable gains, reflecting strong investor sentiment The Sensex rose by 445.29 points (0.56%) to settle at 80,248.08, while the Ni...

December 2, 2024 5:45 PM

Global south not to blame for environmental damage: Piyush Goyal

Commerce and Industry Minister Piyush Goyal, speaking at the inaugural session of the CII Partnership Summit 2024, on Monday, said that the Global South is not responsible for the environmental damage caused by the exploitation of low-cost energy by ...

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