India to continue as fastest-growing major economy globally: Report

New Delhi (IANS) India will continue to stand out as the fastest-growing major economy globally in the coming years with growth momentum to improve in 2025 as government spending is picking up again and consumer sentiment stays resilient, according…

LG Electronics eyes India's market potential with planned $1.3 billion IPO

Las Vegas (IANS) LG Electronics’ CEO Cho Joo-wan has said that the huge business potential in the Indian market is what drove the company to pursue an initial public offering (IPO) in the country. 

"The planned IPO aims to capitalise on the…

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…

India's steel demand poised to grow 9 per cent in 2025 amid global slump: Report

New Delhi (IANS) Steel demand in India will continue to outpace other major steel-consuming economies in calendar year 2025 with a growth of 8-9 per cent, driven by a shift towards steel-intensive construction in the housing and infrastructure sectors…

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…

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…

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…

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. 

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…

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,…