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Economy

July 15, 2024 9:07 PM

Piyush Goyal’s Zurich visit promotes India-EFTA trade and economic partnership

Union Minister of Commerce and Industry Piyush Goyal is on official visit to Switzerland for promoting the India-EFTA Trade and Economic Partnership Agreement (TEPA). On his first day of visit, he highlighted India's growth story through a series of ...

July 15, 2024 5:51 PM

Wholesale inflation in India jumps to 3.36% in June

India's wholesale inflation rate surged to 3.36% in June, up from 2.61% in May, according to data released by the Commerce Ministry on Monday. The increase, measured by the Wholesale Price Index (WPI), was primarily driven by rising food and energy p...

July 15, 2024 4:53 PM

India’s exports surpass $200 billion in Q1, government confident of reaching $800 billion annual target

As India's exports in the first quarter of 2024-25 (April-June) crossed the USD 200 billion mark, the government has expressed its optimism about reaching its full-year target of USD 800 billion. Commerce Secretary Sunil Barthwal expressed optimism ...

July 15, 2024 1:37 PM

India commits to enhancing cooperation with Pacific partners: S Jaishankar

India's External Affairs Minister, S. Jaishankar, has announced the signing of a Memorandum of Understanding (MoU) to fund four community development projects in the Marshall Islands. Speaking at the signing ceremony, Jaishankar reflected on the lon...

July 15, 2024 10:33 AM

Sensex, Nifty opens in green, US Dollar strengthened

Indian markets started the week on a positive note, with both indices gaining marginally during the opening trade on Monday morning. The Nifty 50 index rose by 0.23 percent or 52 points, to 24,555.30, while the BSE Sensex index surged by 0.22 percen...

July 15, 2024 9:24 AM

China’s economy falters as property, consumer pain worsens amid rising uncertainties

China's economy is facing increasing external uncertainties and many domestic difficulties and challenges in the second half, a spokesperson for the National Bureau of Statistics said on Monday. China's GDP growth of 5% in the first half was "hard wo...

July 14, 2024 7:24 PM

Expect retail inflation to remain close to 5%: SBI research report

Retail inflation, or the Consumer Price Index (CPI), in India is expected to remain below or close to 5.0 percent in the remaining months of 2024-25, except for September, according to SBI Research. India's retail inflation rate increased in June, de...

July 13, 2024 4:01 PM

Robust net direct tax collection in FY25, (upto July 11) up 19.54 per cent

The net direct tax collection of the government registered a significant growth of 19.54 per cent in financial year 2024-25, amounting to Rs 5,74,357 crore by July 11, highlighted the data by the income tax department. Last year during the same pe...

July 12, 2024 11:02 PM

India seeks expedited S-400 missile system deliveries from Russia

Amid the growing close ties between India and Russia, New Delhi has asked Moscow to expedite and advance the deliveries of the S-400 air defence missile system deliveries. The request comes amid delays caused by Russia's ongoing conflict with Ukrain...

July 12, 2024 10:38 PM

PM Modi to dedicate projects worth Rs 29,400 crore in Mumbai visit

Prime Minister Narendra Modi is set to visit Mumbai on Saturday, where he will launch, dedicate, and lay the foundation stone for various projects valued at approximately Rs 29,400 crore, according to an official release from the Prime Minister's Off...

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