harshvirani India's retail inflation in November eased to 5.48% as soaring vegetable prices moderated during the month due to an improvement in supply, according to government data released on Thursday. A Reuters poll had projected retail inflation at 5.53%. COMMENTS DIPANWITA MAZUMDAR, ECONOMIST, BANK OF BARODA, MUMBAI "Headline CPI got the desired comfort from a favourable … Read more
The gross non-performing asset (NPA) ratio of public sector banks (PSBs) declined to 3.12 per cent in September this year, from 4.97 per cent in March 2015 and from a peak of 14.58 per cent in March 2018, the Centre informed on Thursday. The Ministry of Finance said in a statement that public sector banks … Read more
India’s retail price inflation based on the Consumer Price Index (CPI) declined to 5.48 per cent in November as the increase in prices of food items eased during the month bringing relief to household budgets, said the Ministry of Statistics on Thursday. The slowing inflation marks a reversal of the increasing trend in the previous … Read more
The Indian stock market closed lower on Thursday ahead of the CPI data as selling was seen in the media and FMCG sectors. At closing, Sensex settled at 81,289.96 down by 236.18 points, or 0.29 per cent and Nifty ended at 24,548.70 down by 93.10 points, or 0.38 per cent. According to experts, "the market … Read more
The number of tax refunds has recorded a 46.31 per cent jump to Rs 3.08 lakh crore between April 1 and November 27 this year compared to the same period of 2023, marking a significant increase in the efficiency of the Income Tax Department, according to figures released by the Union Finance Ministry on Thursday. … Read more
Reliance Power is currently trading at its upper limit of Rs. 46.24, up by 2.20 points or 5.00% from its previous closing of Rs. 44.04 on the BSE. The scrip opened at Rs. 46.24 and has touched a high and low of Rs. 46.24 and Rs. 44.95 respectively. So far 5253225 shares were traded on … Read more
The Indian government sought on Thursday parliament's approval for gross additional spending of 867.3 billion rupees ($10.22 billion) in the current fiscal year, the finance ministry said. The government said the net additional spending for the current fiscal year ending March 31, would be 441.83 billion rupees, while the rest would be accommodated by reshuffling … Read more
Tata Consultancy Services is currently trading at Rs. 4468.45, up by 40.90 points or 0.92 % from its previous closing of Rs. 4427.55 on the BSE. The scrip opened at Rs. 4444.95 and has touched a high and low of Rs. 4484.95 and Rs. 4427.00 respectively. So far 67180 shares were traded on the counter. … Read more
Indian airports are projected to incur a cumulative capital expenditure (capex) of over Rs 60,000 crore in the three years through fiscal 2027 to add requisite infrastructure for 65 million passengers per annum, a report showed on Thursday. This is 12 per cent increase compared to Rs 53,000 crore during fiscals 2022-2024, according to Crisil … Read more
Highlighting growing proximity and rising trade between India and the European Union (EU), Union Minister of Commerce and Industry Piyush Goyal has said that both sides are aiming for a balanced, ambitious, comprehensive and mutually beneficial Free Trade Agreement (FTA). The FTA negotiations, after 9 rounds of intense engagement, need political directions to arrive at … Read more
