Global headwinds: RBI lowers FY23 GDP growth forecast to 7.2%

Mumbai (IANS) Reserve Bank of India on Friday lowered India's FY23 GDP growth projection to 7.2 per cent from an earlier estimation of 7.8 per cent.

In a statement after the Monetary Policy Committee's bi-monthly meet, RBI Governor…

Vedanta Jharsuguda supplies first rake consignment of fly-ash to cement industry

New Delhi (IANS) Vedanta Aluminium, India's largest producer of aluminium, dispatched its first rake consignment of 4,000 tonnes of fly-ash from Jharsuguda plant to one of the plants of Holcim India – ACC Cement, Chaibasa Cement Works, for the…

Record High: India's agri exports touch $50 bn

New Delhi (IANS) India achieved a record high of agriculture exports in 2021-22, which crossed the $50 billion-mark, the Ministry of Commerce and Industry said on Wednesday.

As per the provisional figures released by the Directorate General…

Indian orthodox tea exporters to benefit from Sri Lankan crisis, says ICRA

New Delhi (IANS) Indian orthodox tea producers and exporters could potentially benefit from the current economic crisis in Sri Lanka, said rating agency ICRA.

Tea production in Sri Lanka, which is the largest exporter of orthodox teas globally…

'Hope, I don't get to hear this case again': CJI on Amazon, Future Retail matter

New Delhi (IANS) Chief Justice N.V. Ramana on Wednesday said he hopes he does not have to hear this case again, while recording that Amazon and Future Retail Ltd (FRL) will move the Singapore International Arbitration Centre (SIAC) to resume arbitration…

Shares of Tata Motors shift gear on firm sales volumes

New Delhi (IANS) Shares of Tata Motors rose on Tuesday in an otherwise subdued broader market.

The shares of the automaker gained 6 per cent in the past three trading days as the company reported healthy sales volumes -- for both passenger…

Rise in domestic petrol prices lower than US, Germany and others: Puri

New Delhi (IANS) Rise in domestic petrol prices, due to high crude oil costs, is comparatively lower than other countries such as the US, Germany, the UK and France, Petroleum and Natural Gas Minister Hardeep Singh Puri told the Parliament on Tuesday.

Equity indices decline marginally on profit booking

New Delhi (IANS) India's key equity indices -- Sensex and Nifty -- declined marginally in early trade on Tuesday due to profit booking.

This comes after a sharp rise in indices on Monday led by the announcement of the merger of HDFC twins.

Indices settle high as HDFC merger lent support, Sensex up 1,335 pts

New Delhi (IANS) Keeping the opening session gains intact, India's key equity indices -- Sensex and Nifty -- settled sharply higher on Monday, driven by gains in HDFC and HDFC Bank as the two announced a merger deal which lent broad-based support…

India's garment export capital singed by the war in Ukraine

Chenna (IANS) Tiruppur Exporters Association (TEA) president Raja A. Shanmugham has said that the industry which is often referred to as the hosiery capital of South India and the Manchester of South is facing an acute crisis.

He said that…