APSEZ and IOC to build on relationship at Mundra Port

Ahmedabad (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ) has signed an agreement with Indian Oil Corp Ltd (IOCL) towards augmentation of IOC's crude oil volumes at Mundra.

IOCL shall expand its existing Crude Oil Tank Farm at…

Indian economy to incur additional $70bn burden in FY23 on rising crude prices

New Delhi (IANS) Indian economy is expected to incur an additional $70 billion burden (or 1.9 per cent of the country's GDP) in FY23 as compared to the current fiscal at an average crude price of $120 per barrel, said brokerage house Kotak Securities.

NSE fraud: CBI gets 7 days custody of Chitra Ramkrishna

New Delhi (IANS) A Special CBI Court on Monday sent Chitra Ramkrishna, the ex MD and CEO of the National Stock Exchange (NSE), arrested by the Central Bureau of Investigation (CBI), to seven days custody.

Ramkrishna was placed under arrest…

World food prices in Feb at all-time high

New Delhi (IANS) The benchmark gauge for world food prices went up in February, reaching an all-time high, led by vegetable oils and dairy products, the UN's Food and Agriculture Organization (FAO) said.

The FAO Food Price Index averaged…

India's FY23 footwear industry growth expected between 8-to-10%

New Delhi (IANS) India's footwear industry is expected to reach the pre-pandemic levels with a revenue growth of 8-to-10 per cent year-on-year in FY23.

However, domestic footwear players are likely to witness a muted performance in FY22…

Telecom industry to witness healthy revenue growth in FY23

New Delhi (IANS) Tariff hikes as well as continued increase in data usage is expected to accelerate telecom industry's revenue growth in FY23.

The sector has been saddled with debt due to complications such as the 'Adjusted Gross Revenue'…

Equity indices extend losses, Sensex down over 800 pts

New Delhi (IANS) India's key indices -- S&P BSE Sensex and NSE Nifty50 -- extended their losses and fell sharply in the opening session on Friday amid skyrocketing crude oil prices.

At 10.09 a.m., Sensex was 1.5 per cent or 818 points down…

YouTube creators contributed Rs 6,800 cr to Indian economy in 2020

Mumbai (IANS) YouTube's growing creator ecosystem is generating considerable economic value for the indian market and contributed Rs 6,800 crore to the country's GDP, while supporting 6.83 lakh full-time equivalent jobs in 2020, the Google-owned…

Healthy demand accelerates growth of India's manufacturing sector in Feb: PMI

New Delhi (IANS) India's manufacturing sector's growth sequentially rose in February 2022 due to robust demand.

Accordingly, the seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) came in at 54.9…

India's Feb 2022 exports up 22%, imports rise 35%

New Delhi (IANS) India's merchandise exports in February 2022 rose to $33.81 billion, higher by 22.36 per cent on a year-on-year basis, preliminary data showed on Wednesday.

Exports in February 2021 stood at $27.63 billion.

According…