Container prices continue to rise as India shows resilience among Asian markets

New Delhi (IANS) Geopolitical headwinds resulted in a 27 per cent hike in container logistics prices in the Indian shipping market in July but the country displayed resilience amid the high volatility in the Asian markets, a new report showed on Thursday. 

Clearing time for cheques to be cut from 2 days to a few hours: RBI chief

Mumbai (IANS) The RBI aims to reduce the clearing time required for bank cheques to a few hours as part of a major step to facilitate the ease of doing business in the country, RBI Governor Shaktikanta Das said on Thursday. 

At present, cheque…

Bears growl on RBI MPC policy day, Sensex slumps 581 points

Mumbai (IANS) India's equity indices closed lower on Thursday following a hawkish stance by the Reserve Bank of India (RBI) governor in the monetary policy. 

At closing, Sensex fell 581 points or 0.73 per cent to 78,886 and Nifty slipped…

India exported non-basmati rice worth $123 million in April-May

New Delhi (IANS) India exported non-basmati rice worth $ 122.7 million during April-May in the current financial year. The government is closely monitoring the production, availability and export situation to assess suitable policy intervention, as…

Marico stocks down as key B

Mumbai (IANS) The stock of fast-moving consumer goods (FMCG) company Marico Ltd slumped nearly 5 per cent on Tuesday amid the political unrest in Bangladesh as the neighbouring country contributes almost 11 per cent of its consolidated business. 

India expected to clock 7.2 pc GDP growth in 2024-25: Report

New Delhi (IANS) India's economy is expected to clock a 7 to 7.2 per cent growth rate in 2024-25 supported by a rebounding rural economy, strong manufacturing growth, robust bank balance sheets, and increased exports, according to financial advisory…

NHAI prepays Rs 15,700 crore bank loan to save Rs 1,000 crore interest

New Delhi (IANS) The NHAI achieved a significant financial milestone with the successful pre-payment of a bank loan amounting to Rs 15,700 crore which has enabled it to save as much as Rs 1,000 crore in interest, the Ministry of Road Transport & Highways…

Global markets tumble 10 pc amid US recession fears

Mumbai (IANS) Global markets were in the deep red on Monday as the US economic slowdown weighed heavily on the financial markets. 

Heavy selling pressure was seen in all major Asian markets. Japan crashed by 10 per cent, Seoul tumbled over…

India's biz activity surges to 7-month high in Feb

New Delhi (IANS) India's services sector continued to grow at a robust pace in July on the back of strong demand, which led to higher job creation during the month, according to an HSBC survey released on Monday. 

The HSBC final India Services…

Sensex crashes 2,222 points, investors lose over Rs 16 lakh crore

Mumbai (IANS) Indian equity indices closed in the deep red on Monday following US recession fear in the global markets. 

At closing, Sensex fell 2,222 points or 2.74 per cent to 78,759 and Nifty fell 662 points or 2.68 per cent to 24,055.