In early January 8 trading, the Indian rupee fell 9 paise to a record low of Rs 85.83 versus the US dollar, which is 0.069 percent less than the all-time low of Rs 85.77 reached on January 4. The strengthening of the US dollar and the increase in the price of crude oil caused the…
India’s market capitalization increased by an astounding 9% in December, making it the largest among the top ten equities markets in the world. After declining for four straight months, this performance represents its biggest uptick in over three years. So far in December, foreign investors have invested about $2.37 billion in Indian stocks, reversing the…
As Budget FY26 preparations begin, the government has begun internal deliberations on how to revitalize the industrial sector with a new set of incentives. Although production-linked incentives are already being used to encourage investment in a few industries, a more comprehensive plan is currently being considered, in which government support would be connected to the…
IT services providers appear to be happy with Donald Trump’s victory, barring concerns about the prospect of stricter H1-B visa regulations. They expect that his policies will increase businesses’ discretionary spending. According to analysts, the United States still has a lot of work to do in under-penetrated industries like banking and healthcare. Spending on IT…
October 2024 was the worst month for outflows on record, with foreign investors wiping out an astounding Rs 94,000 crore (about $11.2 billion) from the Indian stock market. The high values of domestic stocks and the allure of attractive valuations in the Chinese stock market drove this abrupt withdrawal. The new outflow surpasses the Rs…
A slight recovery is anticipated in the second half of FY25 as the cement industry navigates through a cyclical trough. The demand is undoubtedly slowing down after a strong expansion in FY22 and FY24. Cement consumption in India has historically increased at about 6% in tandem with GDP development. Nonetheless, over the last three years,…
The World Bank revised its growth prediction for India, increasing it from 6.6% to 7% for 2024–2025. The announcement was made in a study titled “India Development Update: India’s Trade Opportunities in a Changing Global Context,” which was made public on Tuesday. According to the research, India continued to be the major economy with the…
Following the Reserve Bank of India’s (RBI) policy announcement, shares in rate-sensitive industries including banking, finance, auto, and real estate are seeing a stable day. The financial industry is where the most notable effects are observed. At 50,243.45, the Nifty Bank index was up. It gained 611 points in a single day. Over the past…
The September WTI (West Texas Intermediate) and Brent oil futures were down 0.31 and 0.27 percent, respectively, to $84.62 and $80.59. Tuesday’s first hour of trading saw July crude oil futures on the Multi Commodity Exchange (MCX) trading at ₹6,828 against the previous close of ₹6,847, down 0.28 percent, and August futures at ₹6,752 against…
The government has been advised by the miners’ organization FIMI not to impose any export duties on low-grade iron ore, claiming that doing so would result in a large loss of state revenue, jobs, and foreign exchange profits. The Federation of Indian Mineral Industries (FIMI) made a representation to the government stating that the imposition…
