Egypt approves India as a wheat supplier

New Delhi (IANS) Egypt has approved India as a wheat supplier, said Union Minister Piyush Goyal on Friday.

"Indian farmers are feeding the world," tweeted the Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution…

High fuel prices to hit near-term demand, recovery seen in H2: Report

New Delhi (IANS) High prices of fuels are likely to dampen near-term demand for energy, however, recovery is expected in the second half of calendar year 2022 (July-December).

Driven by a more broad-based pickup in economic activity as the…

Custom duty exemption on cotton imports condemned

New Delhi (IANS) The All India Kisan Sabha on Thursday condemned the "unilateral decision" of the Narendra Modi government "at the behest of corporate textile companies" to exempt all cotton imports from customs duties from April 14 to September 30,…

RBI likely to get quite perturbed with inflation above 6% in three quarters

New Delhi (IANS) With inflation likely to exceed 6 per cent for three consecutive quarters, especially if energy prices remain elevated, the RBI is likely to get quite perturbed, Emkay Global Financial Services said in a report.

With higher…

PLI to drive Indian mobile manufacturing to reach Rs 5.5 lakh cr by 2026

New Delhi (IANS) The production-linked incentive (PLI) scheme is likely to push mobile phone manufacturing at a healthy growth trajectory of 15-20 per cent CAGR to reach a value of Rs 5-5.5 lakh crore by FY2026, rating agency ICRA said on Tuesday.

DHFL case: SC stays NCLAT order; to hear appeals of Piramal, banks in May

New Delhi (IANS) The Supreme Court on Monday stayed the National Company Law Appellate Tribunal's (NCLAT) order which ruled a stipulation in the DHFL resolution plan as "illegal" on recovery of avoidance transactions.

Issuing a notice on…

Inflationary fears, healthy earnings' hope to steer market's movement

Mumbai (IANS) India Inc's Q4FY22 quarterly results season as well as macro-economic inflation and industrial production data points will steer domestic equity market's movements, next week.

Besides, price movements of crude oil along…

Strong dollar dents India's foreign reserves, forex down by over $11 bn

Mumbai (IANS) Global currency fluctuations, due to a rise in US dollar strength, depleted India's foreign reserve by over $11.173 billion during the week that ended on April 1.

The foreign currency assets (FCAs), the largest component of…

Indian banana, baby corn can now be exported to Canada

New Delhi (IANS) Thanks to the successful negotiations between an Indian agency and the Canadian government, Indian banana and baby corn can now be exported there, officials said on Saturday.

"The negotiations between National Plant Protection…

Policy support: RBI MPC retains accommodative stance, repo rate

Mumbai (IANS) The Reserve Bank of India (RBI) on Friday retained its key lending rate during the first monetary policy review of FY23.

Besides, the growth-oriented accommodative stance was also retained.

Accordingly, the Monetary Policy…