Sunday, December 22, 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...

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Last updated on: 21st December 2024