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…

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…