Bill Gates calls on RBI Governor; discusses financial inclusion, microfinance
Billionaire businessman Gates is also engaged in large-scale philanthropy activities.
Shares rise as the dollar takes a breather from rate-driven rally
U.S. manufacturing and services data, as well as a raft of euro zone inflation figures are going to be instrumental in shaping investor expectations for March's central bank meetings.
Gold plunge Rs 185; silver plummets Rs 798
The yellow metal had ended at Rs 55,705 per 10 grams in the previous trade.
Global stocks fall, U.S. yields rise after strong economic data
Commerce Department data showed that consumer spending, which accounts for two-thirds of U.S. economy activity, rose by 1.8% in January, the largest increase in nearly two years and exceeding analyst estimates, according to a Reuters poll.
Oil up in choppy trade; U.S. inventories up but Russia cuts supply
Brent crude futures were up 54 cents, or 0.7%, at $82.75 a barrel by 11:31 EST (1631 GMT). West Texas Intermediate U.S. crude futures (WTI) gained 57 cents, or 0.8%, at $75.96. Earlier, both fell by more than $1 a barrel.
India's image today is that of country ready to go to any extent to protect its national security: Jaishankar
He also cited a top International Monetary Fund official about 15 per cent of growth this year coming from India, and said India is "15 per cent of the solution" the G20 group of countries is looking for in terms of economic growth.
Pakistan faces the abyss again. Debate rages on who should pay
The price of baby formula is up 15 percent in a month. Thousands of food containers are stuck at ports as the government curbs imports to preserve its last $3 billion in foreign currency
Global shares, U.S. Treasury yields fall ahead of Fed minutes
The Fed minutes from the Jan. 31-Feb.1 meeting are set to be published at 2 pm ET, and will give traders some detail into the debate over how much further interest rates may need to be hiked to curb inflation.
Gold steadies as focus turns to U.S. Fed minutes
Spot gold was steady at $1,833.30 per ounce, as of 1053 GMT. U.S. gold futures were flat at $1,842.50.
Oil falls on fuel demand woes ahead of U.S. Fed comments
Brent crude futures for April delivery fell $1.13, or 1.36%, to $81.92 a barrel by 1025 GMT. West Texas Intermediate (WTI) crude futures for April dropped by $1.18, or 1.55%, to $75.18 a barrel.
Global shares follow Wall Street lower in rate hike fears
France's CAC 40 slipped nearly 0.8% in early trading to 7,252.50. Germany's DAX fell 0.7% to 15,290.37. Britain's FTSE 100 dropped 0.9% to 7,902.44. The futures for the Dow Jones Industrial Average and S&P 500 edged 0.1% higher.
Zinc futures down on muted demand
On the Multi Commodity Exchange, zinc contracts for February delivery traded lower by Rs 1.20 or 0.44 per cent at Rs 273.40 per kg in 1,060 lots.
Dollar hovers near six-week high as economies strengthen
Survey data released on Tuesday showed U.S. business activity unexpectedly rebounded in February to reach its highest in eight months. In the euro zone, a survey-based gauge of activity also surged, hitting a nine-month high.
India must have contingency plan in place as El Niño threat looms: Experts
NITI Aayog believes Indian agriculture is quite resilient now to such shocks and the share of the crop which is affected by rainfall is declining steadily
Global stocks fall, U.S. yields rise on higher interest rate outlook
Market sentiment has remained bearish after Fed officials signaled last week that the U.S. central bank was likely to keep raising interest rates for longer than was previously forecast in its bid to tame inflation.
Crude oil skids more than 1% as growth fears offset China demand hopes
The focus in the wider financial market is firmly on the release on Wednesday of the minutes of the U.S. Federal Reserve's latest meeting, after recent data raised the risk of interest rates remaining higher for longer.
Property tax to be imposed in municipal areas in J-K from April 1, NC opposes move
The tax rates will be five per cent of taxable annual value (TAV) for residential properties and six per cent for commercial properties, it stated.
Power ministry mandates imported coal-based plants to run at full capacity to avoid shortage in summers
This order (under Section 11 of the Electricity Act) shall remain valid for generation and supply of power from March 16, 2023 to June 15, 2023, stated a notice sent to 15 thermal plants that use imported coal.
G-20 host India taps soft power as it champions new world order
Already the world’s most-populous nation according to some estimates, India is one of the fastest-expanding economies at a time of sluggish growth around the globe, luring companies like Apple Inc. to expand
Retail inflation for farm workers rises to 6.85% in January
In January last year, the inflation numbers for farm and rural workers was at 5.49 per cent and 5.74 per cent, respectively.
India's GDP likely grew 5-5.1% in third quarter of FY23: Analysts
Compared to the pre-Covid number, the GDP is likely to have grown 11.6 per cent in Q3 from 7.6 per cent in the previous quarter, boosted by continued recovery in the services sector, said Aditi Nayar, chief economist and head of research at Icra Ratings.
Banks, financial institutions should safeguard banking security: RBI
He also underlined the need to be prepared for the potential impact of the emergence of cloud computing and Internet of Things (IoT) in banking.
EPFO unveils procedure to apply for higher pension under Employees Pension Scheme
Earlier in November 2022, the Supreme Court had upheld Employees Pension (Amendment) Scheme 2014.
Cereal prices likely to remain elevated going into next fiscal: Crisil report
Domestic production of cereals has grown consistently in the past 50 years. However, prices of cereals have risen faster. The weighted average crop price index for cereal crops logged 3-4 per cent CAGR (Compounded Annual Growth Rate) over fiscals 2017-2022, it said in a report.
