India's govt debt profile deemed safe and prudent: FM Sitharaman
Sitharaman raised concerns over comparisons made solely on absolute numbers without considering the GDP growth, which forms the basis of debt calculations. "Many times absolute numbers have been compared without considering the GDP growth on which the debt calculations are based," she stated.News Arena Network - New Delhi - UPDATED: May 14, 2024, 12:28 PM - 2 mins read
Finance Minister Nirmala Sitharaman. File Image
Economy
See All![The benchmark Sensex rebounded by 1,293 points, while the Nifty surged to a record high on Friday. This significant recovery broke a five-day losing streak, spurred by heavy value buying at lower levels and a strong rally in blue-chip stocks like Infosys, Airtel, and Reliance Industries. The benchmark Sensex rebounded by 1,293 points, while the Nifty surged to a record high on Friday. This significant recovery broke a five-day losing streak, spurred by heavy value buying at lower levels and a strong rally in blue-chip stocks like Infosys, Airtel, and Reliance Industries.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fbull-bse-nsejpg_1722002295441.jpg&w=3840&q=8)
July 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 more![The government announced its support for coal gasification projects, recognizing their significant potential to transform coal into a variety of valuable products. The government announced its support for coal gasification projects, recognizing their significant potential to transform coal into a variety of valuable products.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fcoalmgasjpg_1721997155689.jpg&w=3840&q=8)
July 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 more![After five consecutive sessions of decline, the bulls took charge, pushing the benchmark indices back into the green. A sharp rally in metal and pharma stocks fueled the recovery, with the Sensex rising by 0.17% to 80,177 and the Nifty climbing 0.24% to 24,464 on Friday. After five consecutive sessions of decline, the bulls took charge, pushing the benchmark indices back into the green. A sharp rally in metal and pharma stocks fueled the recovery, with the Sensex rising by 0.17% to 80,177 and the Nifty climbing 0.24% to 24,464 on Friday.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fsensexxjpg_1721975658307.jpg&w=3840&q=8)
July 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 more![Parle has once again clinched the title of the nation's top brand for in-home consumption, according to Kantar’s annual Brand Footprint India 2024 report. Parle has once again clinched the title of the nation's top brand for in-home consumption, according to Kantar’s annual Brand Footprint India 2024 report.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fparlejpg_1721974179908.jpg&w=3840&q=8)
July 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 more![The Odisha Assembly building. File photo. The Odisha Assembly building. File photo.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fodisha-assemblyjpg_1721960815052.jpg&w=3840&q=8)
July 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 more![The American economy, buoyed by robust consumer spending, is believed to have regained some momentum this spring after starting 2024 on a sluggish note. The American economy, buoyed by robust consumer spending, is believed to have regained some momentum this spring after starting 2024 on a sluggish note.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Funtitled-design-9jpg_1721908824930.jpg&w=3840&q=8)
July 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 more![Benchmark indices Sensex and Nifty remained under pressure for the fifth consecutive session on Thursday as investors offloaded metal, banking, and finance stocks amidst a bleak global market trend. Benchmark indices Sensex and Nifty remained under pressure for the fifth consecutive session on Thursday as investors offloaded metal, banking, and finance stocks amidst a bleak global market trend.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fbear-sensexjpg_1721908207044.jpg&w=3840&q=8)
July 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 more![Shares of Adani Green Energy Ltd rocketed nearly 8% on Thursday following the company’s announcement of a staggering 95% increase in consolidated net profit for the June quarter. Shares of Adani Green Energy Ltd rocketed nearly 8% on Thursday following the company’s announcement of a staggering 95% increase in consolidated net profit for the June quarter.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fadanijpg_1721907762664.jpg&w=3840&q=8)
July 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 more![The Indian stock market experienced a rough start today, influenced by global trends. The BSE Sensex opened significantly lower, down 606.77 points or 0.76%, at 79,542.10. The Indian stock market experienced a rough start today, influenced by global trends. The BSE Sensex opened significantly lower, down 606.77 points or 0.76%, at 79,542.10.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fsensexxjpg_1721890042381.jpg&w=3840&q=8)
July 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 more![The Indian government is reportedly considering easing investment restrictions on certain Chinese firms. This potential policy shift is expected to provide a significant boost to India’s manufacturing sector. The Indian government is reportedly considering easing investment restrictions on certain Chinese firms. This potential policy shift is expected to provide a significant boost to India’s manufacturing sector.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Findiachinaajpg_1721888732275.jpg&w=3840&q=8)
July 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 more![A study by market regulator SEBI has shown that a staggering 7 out of 10 individual intraday traders in the equity cash segment made losses in the financial year 2022-23. A study by market regulator SEBI has shown that a staggering 7 out of 10 individual intraday traders in the equity cash segment made losses in the financial year 2022-23.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Ftrading-lossjpg_1721828218583.jpg&w=3840&q=8)
July 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 more![The benchmark BSE Sensex continued its downward spiral for the fourth consecutive day. On Wednesday, the index declined by a notable 280 points, wrapping up the session at 80,148.88. The benchmark BSE Sensex continued its downward spiral for the fourth consecutive day. On Wednesday, the index declined by a notable 280 points, wrapping up the session at 80,148.88.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fdown-share-market-picctjpg_1721826030250.jpg&w=3840&q=8)
July 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.
Read more