March 20, 2024 02:17 PM ISTThe income share of top 1% is among the very highest in the world, higher than even South Africa, Brazil and US, a report by World Inequality Lab said.
March 20, 2024 02:08 PM IST The recently released GDP data has led to lots of questions and puzzles as the data is at odds with the historical trend of consumption growth broadly mimicking GDP growth. The difference of 4.5 percentage points between GDP growth and consumption growth in 2023-24 is the highest since 1951-52, as against a maximum difference of 0.5 to 1 percentage points in earlier years
March 20, 2024 02:10 PM IST "We have urged the government that there is a shortage of iron ore, (so) please intervene and levy export duty," Rahul Mittal, chairman of the Sponge Iron Manufacturers Association, told Reuters in an interview.
March 20, 2024 12:42 PM IST 'Bharat brand works best when we differentiate on our strengths. It’s about encapsulating what we have achieved in our growth, quantum leap in digitisation and infrastructure,' says Kant at Rising Bharat Summit
March 20, 2024 01:37 PM IST Attempts to free sugar mills from government control ended because the mills couldn’t cope with populist sugarcane pricing and production gluts. Decontrol of prices of phosphatic and potassic fertilisers was reversed after a decade of moderate success because of global supply shocks. Complete deregulation will have to wait for a developed India
March 20, 2024 11:19 AM IST The two regulators have their individual goals beyond the common goal to restore credibility. SEBI is concerned about the froth in asset prices, concentrated positions in illiquid small-cap shares and an unhealthy craze among retail investors for trading options. The RBI’s worries run deeper as India could be on the cusp of a new multiyear investment cycle and losing oversight of credit flows at this critical juncture could turn out to be a costly mistake
March 20, 2024 11:17 AM IST Several analyses of Google searches have shown Indian food to be among the Top 5 most sought-after cuisines across the US. When introduced in the US, butter chicken, with its bright bronze hue, creamy tomato-based texture, tender chicken chunks, and less spicy ingredients, felt more accessible to Americans. After all, it’s chicken in a cream sauce
March 20, 2024 09:41 AM IST Investor appetite might be whetted for bolder action on the group’s bloated portfolio
March 20, 2024 10:03 AM IST There have been multiple attempts by economists, central bankers and government officials to wean the public off currency and nudge them towards using digital payment platforms but cash tends to bounce back
March 20, 2024 02:30 PM IST The likely estimate has been made taking into account the Reserve Bank of India's priority sector-based guidelines, Central and state government policies and policies for sustainable agriculture and rural development.
March 20, 2024 09:19 AM IST Digital is vital for creating awareness but for long term sustainable branding, television is still the primary medium to choose for companies
March 20, 2024 02:10 PM IST The facility in Gujarat state is being developed by Hindustan Petroleum Corp., and will have the capacity to import 5 million tons per year of LNG.
March 20, 2024 08:39 AM IST Know what stocks veteran bulls are eyeing, what the bears are ganging up against, major deals and all the inner goings-on from Dalal Street
March 20, 2024 08:16 AM IST The RBI’s state of the economy report surmises that the Indian economy is experiencing a conducive macroeconomic configuration that can be its launching pad for a step-up in its growth trajectory
March 19, 2024 10:55 PM IST After the freedom movement, we have never had a national ambition and a clarion call like (becoming developed by 2047), union minister Smriti Irani said
March 19, 2024 06:44 PM IST The U.S benchmark 10-year Treasury yield was around 1 basis point (bp) lower at 4.33%.
March 19, 2024 06:41 PM IST After hitting a two-year high of 7.89 in the first weekly auction in January and remaining thereabout, the interest rates began to fall from January after the Centre released the states’ dues from the tax devolution in the first week of February
March 19, 2024 05:07 PM IST Spot gold fell 0.3% at $2,153.60 per ounce as of 1027 GMT, hovering near its lowest levels in a week hit on Monday. US gold futures eased 0.3% at $2,157.30.
March 19, 2024 04:15 PM IST Besides, a surging greenback against major crosses overseas also pulled down the other local currency, forex traders said.
March 19, 2024 10:36 PM IST In this edition of Moneycontrol Pro Panorama: IT stocks still a favourite despite earnings cut, learn to predict market price reversals to stay ahead, impact of recent tyre price cut explained, Trump's tantrums a sign of what's to come, and more
March 20, 2024 02:18 AM IST Central bank becomes world’s last to unwind ultra-loose monetary policy after signs of lasting end to decades of deflation
March 19, 2024 04:00 PM IST State-owned Bharat Petroleum Corp. and Indian Oil Corp., along with top private refiner Reliance Industries Ltd., have purchased about 7 million barrels of April-loading US crude so far this month, said traders who asked not to be identified.
March 19, 2024 12:55 PM IST Responding to Congress leader P Chidambaram's criticism that the government is not creating enough jobs, Union Minister Ashwini Vaishnaw says EPFO data disputes such claims
March 19, 2024 04:59 PM IST The exporting sector, particularly, MSMEs, needs easy and low-cost credit, and marketing support to further boost the country's exports, Kumar said, adding early conclusion of free trade agreements such as with the UK and Oman will also help push the outbound shipments.
March 19, 2024 04:00 PM IST Apparel Export Promotion Council of India (AEPC) Chairman Sudhir Sekhri said skilled workers like tailors and quality checkers are still not sufficient as during the peak season they go to their native villages thereby creating shortage.
