India’s trade deficit declines in August

New Delhi (IANS) India's merchandise trade deficit declined by around 3 per cent to $24.16 billion in August from $24.86 billion in the same month last year, Commerce Secretary Sunil Barthwal said on Friday.

A lower trade deficit is good…

DGCA gives nod to Zooom airlines to commence operations

New Delhi (IANS) The Directorate General of Civil Aviation (DGCA) has given its nod to Zooom airlines to commence commercial passenger operations in India.

Zooom airlines or Zexus Air, initially established in April 2013, acquired its first…

Global rice crisis reminiscent of 2008 Asian food price scare

New Delhi (IANS) Frederic Neumann, the Chief Asia Economist at HSBC Global Research, highlighted in a note to clients that skyrocketing rice prices present hurdles for central banks combating high inflation, Zero Hedge reported.

He drew parallels…

11-day gains spree of Sensex longest streak since Oct 2007

Mumbai (IANS) Sensex rose for the 11th straight day, its longest streak of gains since October 2007, said Deepak Jasani, Head of Retail Research at HDFC Securities.

While Sensex climbed 320 points to close at 67,838, Nifty also scaled fresh…

Infosys only Indian firm in TIME’s top 100 World's Best Companies of 2023

New Delhi (IANS) IT major Infosys is the only Indian company featured in TIME Magazine’s top 100 ‘World’s Best Companies 2023’ list, dominated by Big Tech.

The Bengaluru-based professional services firm has been ranked 64th spot in the top…

NTPC top performer in Nifty’s rally from 19k to 20k

New Delhi (IANS) NTPC, Coal India, Cipla, L&T and Tata Steel were top performers, while Britannia, Eicher, HUL, HDFC Bank and Nestle were the key laggards during Nifty's 19k to 20k journey during Jun’23- Sept’23.

The Nifty-50 has touched…

SpaceX's Starlink made $1.4 bn last year as it eyes India market

New Delhi (IANS) Elon Musk-run satellite internet service Starlink, which is searching for various routes to somehow enter the growing Indian internet market, generated $1.4 billion revenue last year.

This is up from $222 million in 2021 but…

Indian Mutual Fund Industry midway to the target of Rs 100 lakh crore AUM

Chennai (IANS) With assets under management (AUM) of Rs 46.63 lakh crore at the end of last month, the Indian mutual fund industry is nearly half way through its goal of touching Rs 100 lakh crore of assets under management (AUM) over the next few…

WPI to enter positive zone next month from negative in August

Chennai (IANS) Even though the wholesale price index (WPI) inflation (WPI) for August 2023 was minus 0.52 per cent, it will enter the positive zone from next month onwards, said a top economist at CARE Ratings.

The central government on Thursday…

Domestic air passengers traffic volume surged to 30.55%: DGCA

New Delhi (IANS) Domestic airline passenger numbers for the period spanning January to August soared to 1,006.16 lakh, showcasing a substantial increase from the 770.70 lakh recorded during the same period the previous year, said the aviation watchdog,…