India’s gold imports turn out to be $5 billion lower in Nov, trade deficit narrows

New Delhi (IANS) The government has scaled down its estimate of gold imports for November 2024 to $9.84 billion from the preliminary estimate of $14.86 billion announced last month, data compiled by the Commerce Ministry’s Directorate General of Commercial…

RBI purchased another 8 tonnes of gold in Nov as safe-haven asset

Mumbai (IANS) The Reserve Bank of India (RBI) bought another eight tonnes of gold in November 2024 as Central banks around the world continued their buying spree with a collective purchase of 53 tonnes of the precious metal during the month, according…

Indian stock market opens higher, Nifty crosses 23,700 in early trade

Mumbai (IANS) The domestic benchmark indices opened higher on Tuesday as buying was seen in the energy, PSE, auto, IT, PSU bank, financial service, pharma, FMCG, metal and realty sectors. 

At around 9.27 am, Sensex was trading at 78,292.85…

Monday Blues hit the Sensex as all sectors bleed

Mumbai (IANS) The Indian stock market turned red in the afternoon trading session on Monday after opening in the green.  

Both the benchmark indices fell by more than 1 per cent.

All sectoral indices were trading in the red. Nifty PSU…

India’s demand for petroleum products expected to rise by 4 pc: Report

New Delhi (IANS) India’s demand for petroleum products such as petrol, diesel and LPG is expected to rise by three to four per cent in the current financial year ending on March 31, 2025, according to a Fitch Ratings report. 

The growth is…

Centre to launch PLI scheme 1.1 for boosting steel manufacturing tomorrow

New Delhi (IANS) Union Minister of Steel and Heavy Industries H.D. Kumaraswamy will launch ‘PLI scheme 1.1’ for the steel industry and call for applications at an event scheduled to be held at Vigyan Bhavan in the national capital on Monday. 

Honda Motorcycle & Scooter India sees 32 pc sales growth, reaches 6 crore milestone

New Delhi (IANS) Honda Motorcycle & Scooter India (HMSI) on Saturday said its total sales for 2024 stood at 58,01,498 units, registering a 32 per cent growth (year-on-year) over 2023. 

This included domestic sales of 52,92,976 units and 5,08,522…

Indian coal sector clocks record production, dispatch growth in 2024

New Delhi (IANS) Coal production reached an all-time high of 1,039.59 million tonnes (provisional) in 2024, marking a significant 7.28 per cent growth compared to the previous year’s total of 969.07 MT, the government said on Saturday. 

Similarly,…

Indian housing sector to contribute 13 pc to national GDP by 2025: Report

New Delhi (IANS) The housing sector in the country is expected to contribute 13 per cent to the national GDP by 2025, reflecting its resilience and potential, according to a report on Friday. 

Projected to grow into a $1-trillion market by…

Employment in Indian manufacturing sector up for 10th month in a row

New Delhi (IANS) Not only did employment in the Indian manufacturing sector increase for the 10th month in a row during December, but also the rate of job creation quickened to the fastest in four months, according to a new report. 

Around…