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Home  Business

Business

Economic Review: Global uncertainty and domestic disruptions to sustain high inflation

Economic Review: Global uncertainty and domestic disruptions to sustain high inflation

  • Rupee rises 7 paise to 83.06 against US dollar in early trade

    Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Monday as they offloaded shares worth Rs 1,901.10 crore, according to exchange data.
  • Asian stocks rise, following Wall St, ahead of Federal Reserve conference

    The Fed indicated in minutes from its July meeting that it would make future decisions based on hiring, inflation and other data.
  • Jet Airways insolvency case: NCLAT reserves order on Jalan-Kalrock Consortium’s plea

    NCLAT reserved its order on Jalan-Kalrock Consortium's plea seeking more time to make payments to the lenders of the bankrupt Jet Airways
  • Rupee falls 3 paise to close at all-time low of 83.13 against US dollar

    At the interbank foreign exchange market, the local unit opened at 83.10 against the US dollar and moved in a range of 83.05 to 83.16 in the day trade.
  • Government funding key to unlocking digitalisation in future: Survey

    A majority (80 per cent) of small and medium enterprises in the country believe the government funding is key to unlocking digitalisation in the future.
  • China cuts interest rates as economy struggles

    China's central bank has cut one of its key interest rates for the second time in three months as the world's second-largest economy struggles to bounce back from the Covid-19 pandemic
  • Nifty ends higher on buying in metals, power and IT stocks

    Nifty ended higher on Monday aided by buying across metals, power and IT stocks, Deepak Jasani, Head of Retail Research, HDFC Securities
  • Sensex rebounds 267 pts on gains in Infosys, ITC

    Equity benchmark indices Sensex and Nifty closed higher on Monday after two days of decline, supported by buying in index majors Infosys, ITC and Bajaj Finance
  • Majority of companies expect new or replacement hiring in July-Dec period: Survey

    Majority of companies plan to recruit people, including as new and replacement hires, in the second half of 2023, a survey.
  • FPIs’ investment value in Indian equities gains 20 pc to USD 626 bn in June qtr

    This could be attributed to good performance in the domestic equity markets as well as strong net inflows from foreign portfolio investors
  • Rupee falls 2 paise to close at all-time low of 83.12 against US dollar

    The rupee depreciated by 2 paise and settled for the day at an all-time low of 83.12 (provisional) against the US dollar on Monday
  • Sunny Deol offers to settle dues for his Mumbai bungalow: Bank of Baroda

    Bollywood actor Sunny Deol has offered to settle all outstanding dues, prompting state-owned lender Bank of Baroda to drop auction proceedings for the property
  • Jio financial triggers lower circuit on debut listing day

    The shares were restricted by the lower circuit of 5 percent, settling at Rs 251.75 on the BSE.
  • Govt to procure 2 lakh tn of onion to create total 5-lakh-tn buffer stock this year

    The government on Sunday announced it will procure an additional 2 lakh tonnes of onion in order to maintain a total buffer stock of 5 lakh tonnes
  • Anticipated pressure on domestic and global markets throughout the week

    Indian stock indices faced a week of susceptibility caused by unfavorable global and domestic signals, coupled with investor inclination towards safer assets such as the US dollar.
  • UPI transactions skyrocket to Rs 83.2 Trillion in 2022

    In 2018, the volume of UPI transactions was 374.63 crore, a figure that surged by 1,876 percent to reach 7,403.97 crore in 2022.
  • National e-commerce policy in final stages, set for top-level presentation: Official

    FDI is allowed in the marketplace model of e-commerce, while it's prohibited in the inventory-based model under government regulations.
  • Mcap of seven of top 10 firms declines by Rs 80,200 cr; TCS, HDFC Bank biggest laggards

    Bharti Airtel's market capitalisation (mcap) fell by Rs 8,081.38 crore to Rs 4,78,730.70 crore and that of State Bank of India dipped Rs 1,026.33 crore to Rs 5,11,424.89 crore.
  • CBDT notifies rules for valuing rent-free accommodation perquisite provided by employers

    CBDT on August 18 notified amendments to the Income Tax Rules for valuing perquisites of rent-free or concessional accommodation by employers to employees
  • Govt imposes 40 per cent export duty on onion to improve local supplies

    The government on Saturday imposed a 40 per cent duty on the export of onions to check price rise and improve supplies in the domestic market
  • Titan acquires 27.2 pc additional share of CaratLane in Rs 4,621-crore deal

    Titan announced the acquisition of an additional 27.18 per cent stake in its subsidiary CaratLane, taking its total holding to 98.28 per cent.
  • India’s foreign exchange reserves rise USD 708 mln to USD 602.16 bln

    In the previous reporting week, the overall reserves had declined USD 2.417 billion to USD 601.453 billion
  • ‘Make in India’ Galaxy Z Flip5 and Z Fold5 now available in India

    The company reported that over 100,000 consumers in the country pre-booked the foldable devices within the initial 28 hours.
  • M&M gets Rs 14.3 lakh penalty notice for incorrect input tax credit claim

    Mahindra & Mahindra Ltd on Friday said it has been imposed a penalty of over Rs 14.3 lakh for incorrect input tax credit availed during the transition from the excise regime to the GST regime.
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