India needs to grow at 9-10% for 3 decades to be $35 trillion economy by 2047: Kant
With the liberation of policy by the government which supports start-ups, space and in many other areas, young entrepreneurs should focus on areas like artificial intelligence, logistics, health and education.
Yields and dollar rise, stocks mixed after US PPI data
The producer price index for final demand rose 0.3% last month after declining by a revised 0.1% in December, the Labor Department’s Bureau of Labor Statistics said.
India's forex reserves come off one-month high
Changes in foreign currency assets are caused by the RBI’s intervention as well as the appreciation or depreciation of foreign assets held in the reserves.
US applications for jobless benefits fall as labor market continues to show resilience
U.S. employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economy's continuing ability to shrug off the highest interest rates in two decades.
Stocks get tech sparkle; dollar steadies as investors assess rate outlook
The dollar was holding around its highest in three months, buoyed by the fact that investors are banking on far fewer rate cuts this year than they were just weeks ago.
Red Sea crisis may have limited India's goods export growth in January: Official
The drop in exports in January 2024 compared to December 2023 is primarily on account of seasonality, Commerce Secretary Sunil Barthwal separately said during a briefing on February 15. Goods exports fell nearly 4 percent in the first month of 2024 compared to the previous month.
In maiden meet, 16th Finance Commission acknowledges need to widely consult states, stakeholders
These comments assume significance at a time when there is a raging debate between the Union government and a few southern states on sharing of Central funds
Chart of the Day | The Red Sea crisis is hurting Indian companies
The Drewry World Container index, which tracks spot container freight rates, is up 90 percent from the year-ago period
Medanta: Still more to offer
Medanta has a solid footing in the NCR region and is focused on widening its reach in the underserved Tier II markets
Dollar eases as market shrugs off inflation revision data
The annual revisions published by the Labor Department also showed the consumer price index (CPI) increasing slightly more than previously reported in October and November.
Forex reserves jump to $622.469 billion
Special Drawing Rights (SDRs) were down by USD 58 million to USD 18.19 billion, the central bank said.
Rupee weakens on dollar demand from importers, posts slight weekly decline
Investors will keep an eye on inflation data due in both India and the U.S. next week, with the latter likely to serve as a more significant cue for the rupee.
The Taylor Swift and Messi Moment shows Tokyo is back
Swift performing and Messi playing at the same time in Tokyo caused some envy in Hong Kong, which Swift skipped and Messi, infamously, sat out. It is nonetheless symbolic of a shift in power in the region — one that has seen Tokyo go from overlooked outlier to arguably Asia’s most attractive destination
Dollar gains as jobless claims point to resilient labour market
Expectations for the U.S. central bank to cut rates by year end have been slashed to 117 basis points (bps) from 140 bps just before the release of last Friday’s blowout jobs report, trading in the overnight Fed funds rate show.
Rajasthan's farmer-focused Budget hikes PM-KISAN amount to Rs 8,000, raises wheat MSP
In a boost for farmers, the BJP government will dole out an additional Rs 2,000 taking the total amount to Rs 8,000 per annum to farmers under the PM Kisan Samman Nidhi (PM-KISAN) scheme.
West Bengal introduces gender and child budget
The budget has been prepared by analysing the demands for grants of various departments specifically intended for expenditure relating to women and children, the minister said.
Goa CM presents revenue surplus budget of Rs 26,765 crore for 2024-25; no new taxes imposed
While increasing the fees for commercial establishments, land revenue and Town and Country Planning department, adequate precaution has been taken to see it does not impact citizens, the CM pointed out.
Rupee settles on a flat note at 82.96 after RBI monetary policy decision
The RBI on Thursday projected a Gross Domestic Product (GDP) growth of 7 per cent for 2024-25, which is lower than the 7.3 per cent expansion estimated for the current fiscal.
Balanced RBI policy leaves all guessing on the timing of the rate-cut cycle
The central bank’s statement reaffirms its stance of neither being a hawk nor a dove but an owl that is vigilant on inflation
Will Modi’s passionate call charge up energy investment?
A conducive environment is imperative for investors, both local and global, to take note of India’s energy potential
PM Modi has given roadmap for transformation of India into developed country
Fifty-two-year-old Rahul Gandhi’s yatras have "flopped", Pramanik claimed, referring to the Bharat Jodo Yatra and the ongoing Bharat Jodo Nyay Yatra.
Paytm working with other banks for continuity of UPI services on its app
Paytm Wallet users can continue to carry on transactions till February 29. However, after February 29, they will be able to use their existing balance till the time it is exhausted, but cannot add any money to their account.
Oil steady as Mideast strikes compete with rate cuts caution
Investors remained wary of any escalation in the Middle East conflict after the U.S. signalled further strikes on Iran-backed groups in the Middle East in response to a deadly attack on U.S. troops in Jordan.
PMSY -- Will rooftop solar be third-time lucky?
Financial incentives are not the only determining factor for the progress of the rooftop solar scheme in the country
