According to market players who spoke with the central bank last week, India’s federal government should limit borrowing in the first half of the upcoming fiscal year to 55% of the objective and increase the proportion of longer-tenor bonds. The Reserve Bank of India, which represents as the government’s debt arranger, met with a select…
On Thursday, oil prices remained almost unchanged due to a larger-than-anticipated drop in U.S. crude stocks and concerns that more aggressive U.S. interest rate increases would slow economic growth and reduce oil consumption. Brent crude futures had increased by 5 cents to $82.71 per barrel, while West Texas Intermediate (WTI) crude futures had increased by…
Due to unfavourable global indicators, the gold rate is trading lower on Thursday, while the silver rate is down 0.23%. Gold April futures were down Rs 76 or 0.14% on the Multi Commodities Exchange, trading at Rs 54,835 per 10 kilos. At Rs 61,672 per kg on the MCX, silver May futures were trading 145…
The FMCG business is hopeful about at least 20 percent growth in 2023 after a ‘exponential boom’ in 2022. “We observed strong demand and a 30% increase from the prior fiscal year. Our expected revenue of Rs 4500 crores for the end of March 2023 has already been surpassed, according to Ashish Khandelwal, Managing Director…
Early on Wednesday in Asian trading, oil prices stabilized as industry data revealed a reduction in U.S. crude oil stocks. The market had fallen the previous session over concerns that more aggressive U.S. interest rate hikes would hurt demand. The price of a barrel of April Brent crude futures increased by 8 cents to $83.37….
The first organization to receive IndG.A.P certification for foxtail millet is a farmer-producer organization (FPO) called Sri Rapthadu Mandala Raithu Utpatti Darula MACS, which is based in the Andhra Pradesh district of Anantapur. It is supported by the agricultural businesses Samunnati and eFresh Agri Business Solutions. The development occurs at a time when India’s government…
According to a senior industry official who spoke to Reuters on Tuesday, India’s imports of palm oil might increase 16% to a four-year high of 9.17 million tonnes in 2022/23 as demand is expected to increase following two years of contraction due to COVID-led lockdowns. Palm oil futures are already trading near their highest level…
Due to the high demand for both passenger cars and two-wheelers, retail sales of autos in India climbed by a double-digit percentage in February compared to the same month last year, according to the automobile dealers’ group FADA. Total registrations across segments increased by 16% year-on-year to 17,75,424 units last month, as compared to 15,31,196…
The state-owned power producer NTPC announced on Monday that its electricity production increased by over 12% between April – February of last year to 364.2 billion units. NTPC Ltd. “recorded 11.92% rise in generation, i.e. 364.2 BU in FY23 through February month, compared to the country’s generation growth of 9.56%,” according to a company release….
The Indian rupee recorded the second weekly gain and best performance after the Chinese yuan due to foreign fund inflows, an increase in risk appetite as a result of foreign investors buying Adani group stock. Spot rupee increased by over one percentage point to close just above 82. The S&P 500 saw its first weekly…
