UK Trade Secretary Kemi Badenoch visits India for 6th round of FTA talks, 1st since July
Badenoch will meet her counterpart minister of commerce and industry Piyush Goyal in person for the first time, aiming to strengthen ties between the two countries and reinvigorate talks on an ambitious bilateral trade deal. She will address both teams of senior negotiators ahead of the sixth round of formal negotiations taking place throughout the […]
November inflation print provides impetus to end rate hike cycle: SBI economists
The economists, however, feel that headline inflation will rise up again to be in the 6.5-6.7 per cent range in December 2022-January 2023, and will decline materially to 5 per cent by March 2023.
Bringing efficiency in cross-border payments among motivations behind wholesale digital Rupee: Govt
Reserve Bank of India (RBI) has launched pilots in the Digital rupee in both wholesale and retail segments. The first pilot in the Digital Rupee -Wholesale segment (eRs- W) was launched on November 1, 2022. Further, the first retail digital Rupee (eRs-R) pilot was launched on December 01, 2022.
US stocks open higher as investors await CPI data, Fed decision
The Dow Jones Industrial Average rose 43.04 points, or 0.13%, at the open to 33,519.50
Multibagger stock announces 1:5 stock split
Post the announcement, the stock traded with a cut of 4% at around 3:12 pm at Rs 125.35 apiece on the NSE.
Indian leather and footwear exports to WANA region up by 20% in 2022
Opening the India Footwear and Leather Products Show 2022 in Dubai on Monday as part of the Indian government’s export promotion drive across global markets, Council for Leather Exports (CLE) Chairman Sanjay Leekha said the growth momentum for Indian exports to the region is all set to see a marked scaling up, particularly in the […]
CBIC notifies automated system for postal exports; exporters need not visit foreign post office
Currently, for exporting a parcel through the postal route, an exporter or his agent is required to file the export declaration at any of the 28 FPOs and hand over his consignment for export.
No proposal for restoration of old pension scheme: MoS Finance Bhagwat Karad
Under the old pension scheme, employees get a defined pension. Under this, an employee is entitled for a 50 per cent amount of the last drawn salary as pension. However, the pension amount is contributory under the National Pension System, which is in effect from 2004.
Long winter ahead for IT stocks, Tech Mahindra most vulnerable: JM Financial
Wipro is best placed in terms of resilience (least exposure to stressed verticals), expectations (pessimism built in given highest cuts to FY24E USD revenue growth) and valuation comfort (lowest premium to past 5-year median), the brokerage firm said.
Hot streak of foreign buyers for Indian bonds faces CPI hurdle
Global funds have poured a cumulative $465 million into Indian bonds over 13 straight days, the longest stretch since June 2017, on optimism that the US Federal Reserve and Reserve Bank of India may slow the pace of rate increases.