Oil palm sector welcomes govt's moves to boost production in India

Hyderabad (IANS) The oil palm industry has welcomed the Central government's initiatives to encourage oil palm production in the country.

The Oil Palm Developers and Processors Association (OPDPA) said the slew of measures announced by…

India's housing market likely to reach new peak in 2023: Anarock

New Delhi (IANS) The housing market in the top seven cities is likely to attain a new peak by 2023, when housing sales are estimated to cross 3.17 lakh units and new launches by 2.62 lakh units during the year, according to a report by Anarock Property…

Rural consumption grew in Apr-Jun, albeit slowly: Report

New Delhi (IANS) Rural consumption grew 6.6 per cent YoY in Q1FY22 as against a growth of 16.4 per cent YoY seen in Q1FY21, according to the EcoScope report of Motilal Oswal Financial Services Limited (MOFSL).

In contrast, urban consumption…

Market climbs new high, Sensex hits 56,000

Mumbai (IANS) The key Indian equity indices continued their bull on Wednesday with the BSE Sensex hitting the landmark 56,000 level.

It has touched a new high of 56,086.50 points and the Nifty50 on the National Stock Exchange has recorded an…

India's GDP expected to grow by 20% YoY in Q1FY22: ICRA

New Delhi (IANS) India's GDP is expected to grow by 20 per cent on a year-on-year basis in Q1FY22, ratings agency ICRA said on Wednesday.

It also expects the gross value added (GVA) at basic prices at constant 2011-12 prices at 17 per cent…

SII acquires 50% stake in SCHOTT Kaisha JV for pharma packaging play

Pune (IANS) The world's largest vaccine maker Serum Institute of India has bought 50 per cent stake in the Indian joint venture SCHOTT Kaisha from former co-owners Kairus Dadachanji and Shapoor Mistry at an undisclosed amount to expand its presence…

British Airways increases India-UK flight services

New Delhi (IANS) British Airways on Tuesday said that it has increased flights between India and the UK.

According to the airline, starting August 16, 2021, flight services have been increased from 10 to 20 per week.

The airline said…

No change in petrol, diesel prices on Tuesday

New Delhi (IANS) Petrol and diesel prices in the country remained static for the 31st consecutive day on Tuesday.

Accordingly, in the national capital, petrol continued to be sold for Rs 101.84 per litre, while diesel is also being sold at…

Sensex, Nifty hit new highs amid choppy trade

Mumbai (IANS) The Indian stock market traded on a flattish note on Monday morning in line with the subdued trade in the Asian markets.

However, the Sensex inched marginally higher to touch an all-time high of 55,518.95 points and the Nifty50…

India's wholesale price inflation sequentially eases to 11.16% in July

New Delhi (IANS) Easing prices of food products, primary articles sequentially decelerated India's July 2021 wholesale inflation.

Accordingly, the annual rate of inflation, based on wholesale prices, rose to 11.16 per cent last month from…