BUSINESS
Sugar prices sweeten to 11-year high as weather sours production volume
The downward revision has been made due to a fall in sugar output in Maharashtra, which accounts for more than one third of the country’s sugar output.
BUSINESS
In-Depth | Decoding OPEC+ cut: What is Saudi's agenda and how will oil shortfall impact the economy?
By putting the prospect of $100 a barrel oil back in view after it had dropped to $70, the decrease in oil output has invited potentially ominous signs of global inflation, adding to worries that an aggressive monetary tightening by central banks could tip the world economy into recession.
BUSINESS
Will US banking crisis cast shadow over RBI’s first MPC of FY24? Key indicators to watch
The review by the six-member Monetary Policy Committee led by Governor Shaktikanta Das will indicate the course RBI will adopt in FY24 as it seeks to strengthen medium-term growth prospects and curb inflation, while battling against global headwinds.
BUSINESS
Delhi-Meerut RRTS: UP government allocates Rs 1,306 crore; priority section to open soon
Delhi-Meerut RRTS: The 17 km-long priority section between Sahibabad-Duhai will be operationalised this year, while the entire corridor will likely open by 2025.
BUSINESS
India’s first hydrogen train: Railways’ green initiative takes the heritage route
The trains will initially run on narrow-gauge heritage routes operated by the Kalka-Shimla Railway, the Darjeeling Himalayan Railway, the Nilgiri Mountain Railway, the Matheran Hill Railway, and others.
BUSINESS
MPC Meet: RBI may go for modest hike to support growth amid global headwinds
RBI Monetary Policy 2023: February 8 monetary policy is seen as crucial as it will be RBI's first policy stance for calendar year 2023 and comes exactly one week after Finance Minister Nirmala Sitharaman unveiled the Union Budget 2023-24
BUSINESS
Delhi-Meerut RRTS: Budget 2023 allocates Rs 3,596 crore for India's first regional rapid rail
The Delhi-Meerut RRTS will cover the distance between the two major cities under 55 minutes and will have a total of 25 stations across the corridor.
BUSINESS
Gland, Cipla, Sun Pharma top picks; too soon to decipher new COVID opportunity: Sanford Bernstein's Nithya Balasubramanian
China is a very different economy and its vaccination coverage is lower while infection rate is higher than India's, says Balasubramanian
BUSINESS
Expect to be debt free post IPO, have industry-leading EBITDA margins: Elin Electronics' Akash Sethia
Elin Electronics' Rs 475 crore-IPO was subscribed 19 percent on December 20 - the first day of bidding. The issue garnered bids for 26.92 lakh shares against 1.42 crore shares on the offer.
BUSINESS
Explained | Baby formula, potatoes, eggs—A year when world ran short of food and it's not over
The pandemic, followed by Russia’s invasion of Ukraine, inflicted back-to-back body blows on global supply chains and production, leading to shortages all around.
BUSINESS
G7 price cap on Russian oil won't impact India; green hydrogen policy soon, says Hardeep Singh Puri
The oil minister said that a green hydrogen policy will come sooner than expected as different ministries are involved and the internal churning on the policy is beginning to give it a proper shape
BUSINESS
MC Explains: G7 price cap on Russian crude, OPEC+ production cut: Key triggers for global oil market
While India has said that it’s under no pressure to accept the price cap, reports indicate that Indian refiners are wary of buying Russian crude at a higher rate once the proposed G7 price cap kicks in.
BUSINESS
Net cost reduction for IGL to be 18%: Experts welcome Kirit Parikh panel suggestions for gas prices
The Kirit Parikh panel recommended a floor of $4 for legacy gas fields and suggested that a cap of $6.50/mmBtu be put on gas prices sold by ONGC and Oil India.
BUSINESS
Global issues haven't acutely affected India; 7-8% inflation not out of norm: Prashant Khemka
"In India, there are enough mitigating factors that should result in better earnings' performance than in the emerging markets even though we are not completely insulated from the rest of the world,'' said Khemka.
BUSINESS
Retail lending rises in 2022; NBFCs disbursed highest number of loans
NBFCs disbursed 12 crores of loans from April 2021- March 2022 and registered a 64 per cent growth from April 2020 - March 2021
BUSINESS
Reliance creates 2.32 lakh jobs in FY22, Jio prepares blueprint for 5G coverage
Reliance's green energy business may outperform other growth engines in 5-7 years, Chairman and Managing Director Mukesh Ambani told shareholders in a message in the company’s annual report for 2021-22
BUSINESS
Everything that's happened so far at the 14th BRICS Summit: Top 10 highlights
Here's a roundup of everything that's happened so far at the 14th BRICS Summit hosted by Beijing, China this year.
BUSINESS
Lot of uncertainty in market, unable to predict beyond one quarter: Sanjeev Bikchandani
Bikchandani says Info Edge is slow and careful in acquiring companies.
BUSINESS
'Need to augment coal production as fast as possible; State gencos to continue import': RK Singh
Power demand increased to about 45,000 megawatts on a daily basis. In energy terms, the demand and consumption went up to 4,500 mili units from 3,500 mili units - which is an increase of 25 percent, said the power minister
BUSINESS
Raw cotton export not feasible right now; PLI 2.0 on the anvil, says textiles secretary
High cotton prices and southern spinners shutting down mills due to nonavailability of cotton at affordable prices are some of the pressing issues that plague the textile industry right now.
BUSINESS
Delhi-Meerut RRTS: What is Paytm's role in developing the AFC system for India's first rapid rail
The procurement of this AFC system is being done based on the hybrid annuity model (HAM) first time in India. Paytm will work with technology firm Datamatics – AEP Consortium for the task.
BUSINESS
’India needs to grow but in a decarbonised manner'— here's what leaders said on energy transition at Davos
At a time when the world faces twin challenges of energy inflation and energy transition, Indian businesses, too, are looking to make a switch to greener and cleaner fuels
BUSINESS
Explained | How will the EU ban on Russian oil impact India?
This article, the final of a three-part special series on the impact of the EU sanctions on Russia, will look at what the oil embargo means for India. The first story was a deep dive on the impact of the ban on Europe, and the second one looked at the role of OPEC+.
BUSINESS
Explained | Will OPEC+ raise output amid soaring prices with EU’s ban on Russian oil?
There seems to be no end in sight to the Russia-Ukraine war which has been raging for over two months. EU’s latest sanction exacerbates inflationary pressures. Will OPEC+ infuse more oil to heal the wounds sustained by the global economy?
