According to a projection, a large increase in domestic travel and foreign arrivals will lead the Indian hotel industry’s direct contribution to the GDP to reach USD 1 trillion by 2047. The Hotel Association of India (HAI) and Benori Knowledge released a report titled “Vision 2047: Indian Hotel Industry” that estimates the direct GDP contribution…
The price of crude oil yesterday increased by 1.08% to settle at 6726 on signs of tightening global supply, but the increase was restrained by China’s slowing economy and worries about additional U.S. interest rate increases. Unexpected rate cuts by the central bank failed to calm the market as fears about the country’s struggling economy…
When compared to the current season (October 2023–September 2024), global cotton production is expected to decline by 3%, while consumption may remain flat and ending inventories may be lower. Cotton candy closed yesterday at 59980, up 0.1%. Concerns about a slowdown in China, the world’s biggest buyer, limit upside potential. According to the Cotton Association…
Early on Friday, as the US dollar fell from its high levels, the Indian rupee rebounded from record lows and strengthened by 7 paise to 83.02 against the greenback. However, a sluggish trend in domestic equities, outflows of foreign funds, and rising crude oil prices hurt the domestic unit, according to currency dealers. The local…
One of the top gainers on the Nifty Midcap 50 Index on August 17 was Bata India, which concluded Thursday’s trading up 6% at Rs 1,739. The company’s probable cooperation talks with Adidas, a different industry powerhouse, to strengthen its position in the Indian market, are the source of the market rumor. The formal confirmation…
Yesterday, the price of gold decreased by -0.67% to settle at 58290 as the 10-year Treasury yield rose to its highest level in 10 months on concerns that U.S. interest rates may continue to rise in the future, which was fueled in part by China’s economic difficulties. The Fed’s minutes revealed that policymakers were split…
A downturn in China, the world’s top consumer, caused cotton candy to yesterday decline by 1.45% to 59920. The Cotton Association of India (CAI) kept the 311.18 lakh bale prediction for the cotton crop production for the 2022–23 season. The overall amount of cotton produced during the most recent cotton season was 307.05 lakh bales,…
The Indian rupee rose and fell last week but ended unchanged. In the face of dollar inflows, it has outperformed Asian currencies. The RBI shocked the market by announcing a 10% ICRR to curb inflation and eliminate excess liquidity while maintaining the other rate with a “withdrawal of accommodative” policy. Similar to its Asian counterparts,…
Fears of China’s slowing development and potential future increases in U.S. interest rates lowering fuel consumption in the two largest economies in the world caused oil prices to decline in early trade on Thursday, extending losses to a fourth straight session. While U.S. West Texas Intermediate crude (WTI) was down 39 cents, or 0.49%, to…
Cotton Association of India (CAI) kept its prediction for the cotton crop production for the 2022–2023 season at 311.18 lakh bales, causing Cottoncandy to close yesterday’s trading session up 0.07% at 60800. According to a CAI statement, 307.05 lakh bales of cotton were produced overall during the most recent cotton season. The CAI has assessed…
