India's goods exports edge up 1% in April while trade gap widens to $19.1 billion
The latest data released by the commerce and industry ministry on Wednesday highlighted the impact of weak global demand, particularly in Western countries, contributing to India's trade deficit reaching a four-month high.News Arena Network - New Delhi - UPDATED: May 15, 2024, 06:24 PM - 2 mins read
Economy
See AllJuly 26, 2024, 07:27 PM - 2 mins read
On Friday, all Sensex shares except for Nestle closed in the green. Bharti Airtel emerged as the biggest gainer, rising by over 4.51%. Other significant gainers included Adani Ports, Sun Pharma, Tata Steel, HCL Technologies, Infosys, JSW Steel, and Mahindra & Mahindra. Nestle was the sole loser, edging down by 0.07%.
Read moreJuly 26, 2024, 06:02 PM - 2 mins read
By promoting coal gasification, the government aims to achieve partial import substitution for oil and gas, while also making cleaner use of the country’s abundant coal reserves. In a statement, the coal ministry emphasized that these projects could help conserve foreign exchange and bolster domestic industries.
Read moreJuly 26, 2024, 12:04 PM - 2 mins read
Among the 13 indices, the Bank Nifty was the only laggard, dragged down by ICICI Bank, Federal Bank, and Axis Bank. "In the near term, banks are likely to underperform due to subdued earnings from major lenders like Axis Bank," noted an expert.
Read moreJuly 26, 2024, 11:39 AM - 2 mins read
Over the past five years, CRPs have surged by nearly 33 percent, although this year’s growth is a tad slower than last year's pace. The report noted a general slowdown in CRPs across most sectors, with dairy being the sole exception. Parle’s continued reign at the top is followed by other household names: Britannia, Amul, Clinic Plus, and Tata Consumer Products.
Read moreJuly 26, 2024, 07:56 AM - 4 mins read
Emphasising agriculture and women's empowerment, Chief Minister Mohan Charan Majhi presented a budget that is approximately 15 per cent larger than the previous year's estimate of Rs 2.30 lakh crore.
Read moreJuly 25, 2024, 05:30 PM - 3 mins read
Despite the anticipated uptick, the U.S. economy, the largest in the world, has evidently cooled due to the highest borrowing rates in decades. From mid-2022 through the end of 2023, the annualised GDP growth had exceeded 2% for six consecutive quarters.
Read moreJuly 25, 2024, 05:20 PM - 3 mins read
From the Sensex pack, Axis Bank declined over 5% following its underwhelming June quarter earnings. Other laggards included Nestle, Titan, ICICI Bank, Tata Steel, IndusInd Bank, ITC, JSW Steel, and State Bank of India. Conversely, Sun Pharma, Kotak Mahindra Bank, Bajaj Finance, and Power Grid ended in positive territory.
Read moreJuly 25, 2024, 05:12 PM - 1 min read
Adani Green Energy CEO Amit Singh stated, "Adani Green is well on track to achieve its 2030 capacity target of 50 GW, including at least 5 GW energy storage, in the form of pumped hydro, with sites already secured and clear visibility on evacuation".
Read moreJuly 25, 2024, 12:17 PM - 2 mins read
Sectoral stocks on the NSE showed a broad decline, with sectors such as Banking, Financial Services, FMCG, IT, Metal, Pharma, PSU Banks, Private Banks, Realty, Healthcare, Consumer Durables, and Oil and Gas all opening in negative territory. However, Media and Auto stocks managed to stay in the green during the initial trading hour.
Read moreJuly 25, 2024, 11:55 AM - 2 mins read
According to a report by Bloomberg, discussions are underway to possibly grant exemptions to Chinese companies in high-tech sectors such as solar modules and critical minerals. Ministry of Commerce and Industry, along with other security-related departments, is currently examining the feasibility and implications of such exemptions.
Read moreJuly 24, 2024, 07:06 PM - 3 mins read
The study highlights a jaw-dropping 300 percent surge in the number of individuals participating in intraday trading in the equity cash segment in 2022-23 compared to 2018-19. The promise of quick profits has attracted many new traders. However, they might want to reconsider their strategies, as the data reveals that the average number of trades by loss-makers was higher than that of profit-makers.
Read moreJuly 24, 2024, 06:30 PM - 2 mins read
The day's trading saw the 30-share Sensex plummet as much as 678.53 points, or 0.84 percent, to hit a low of 79,750.51 before clawing back some ground. By the end of the session, 19 of its components were in the red, leaving only 11 in the green.
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