PM to launch new metro services in Kolkata NEW DELHI: Prime Minister Narendra Modi will inaugurate multiple metro projects in Kolkata on Friday (August 22).The PM, during his visit to West Bengal, will flag off a newly built 13.61-km metro corridor with services to be launched on these route.His schedule also includes green-lighting a new…
India’s economic growth beat RBI predictions in FY26 Q1 The Indian economy likely achieved a robust growth rate between 6.8 per cent and 7 per cent in the initial quarter of the current fiscal year, surpassing the Reserve Bank of India‘s projection of 6.5 per cent, according to State Bank of India (SBI) analysis.According to…
India’s oil import map has changed with Russia gaining significant ground (AI image) Russia’s increasing dominance in India’s oil imports has altered trading dynamics but the position of major suppliers from the Middle East has been mostly maintained.Iraq, Saudi Arabia and the UAE remain primary suppliers, while smaller exporters have seen their market presence shrink,…
Gold price prediction: MCX Gold has declined by 1.60% this week, indicating a continuation of the ongoing correction phase. (AI image) Gold and silver price prediction today: Gold prices have been dipping and a key support level is seen to be Rs 97,000. MCX Silver is also witnessing selling pressure. Abhilash Koikkara, Head – Forex…
Image used for representative purposes India’s Nayara Energy Ltd., facing EU sanctions, has adapted by utilizing dark-fleet tankers for transport and limiting its crude import options to maintain operations.Indian government has expressed concern about potential disruptions to oil flows affecting national energy security. They have authorised at least one coastal tanker recently to assist the…
Minutes from the US Federal Reserve’s late July policy meeting revealed that a majority of officials viewed upside inflation risks as more significant than employment concerns, highlighting internal disagreements over the economic impact of President Donald Trump’s tariffs. “A majority of participants judged the upside risk to inflation as the greater of these two,” the…
Mumbai: Uncertainty over US President Donald Trump‘s tariffs and external demand clouded the Monetary Policy Committee’s assessment of the future path of growth and inflation, prompting it to hold back further easing after 100 basis points (bps) of cuts since Feb (100 bps = 1%). The committee kept the repo rate unchanged at 5.5% with…
CHENNAI: A little over a year after UltraTech Cement acquired India Cements, billionaire industrialist Kumar Mangalam Birla‘s building materials flagship is set to sell Rs 740 crore worth of India Cements shares to comply with Sebi’s minimum public shareholding norms. Currently, UltraTech owns 81.5% of India Cements, while the capital market regulator’s rules mandate that…
NEW DELHI Finance minister Nirmala Sitharaman said on Wednesday that proposed GST rate rationalisation was aimed at providing greater relief to the common man, farmers, the middle class and MSMEs, while ensuring a simplified, transparent and growth-oriented tax regime.In her address here to the group of ministers (GoM) set up by the GST Council on…
The Indian economy presents a picture of strength, stability and opportunity, Reserve Bank Governor Sanjay Malhotra said at the Monetary Policy Committee (MPC) meeting earlier this month, while cautioning that monetary policy must remain vigilant amid evolving uncertainties around US tariffs.The Reserve Bank of India on Wednesday released the minutes of the MPC meeting held…