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The Reserve Bank of India’s April bulletin has said that conditions are shaping up for an extension of a trend upshift in real GDP growth, backed by strong investment demand and upbeat business and consumer sentiments. The article titled ‘State of the Economy’ says that CPI inflation settled at 4.9 percent in March after averaging
Key Asian stocks ended mixed today amid positive global cues. Hong Kong’s Hang Seng Index rose 1.90 percent, Singapore’s Straits Times index jumped 1.45 percent, and Japan’s Nikkei-225 added 0.30 percent. On the other hand, China’s Shanghai Composite index declined 0.75 percent. South Korea’s Kospi ended lower with a loss of 0.24 percent.
Benchmark equity indices extended gains for the second straight session today amid a rally in Asian and European markets, decline in Brent crude oil prices and buying by foreign investors. Extending its previous session’s rebound, the 30-share BSE Sensex climbed 560 points or 0.77 percent to settle at 73,649. The NSE Nifty went up
In the forex market, the rupee closed at 83 rupees and 37 paise against the US dollar today. The dollar index, which indicates the US dollar’s strength against a basket of six other leading currencies was up at 106.19 in intra-day trade.
Key Asian stocks ended higher today except China’s Shanghai Composite index which ended 0.70 percent down. Hong Kong’s Hang Seng Index soared 1.74 percent, Singapore’s Straits Times index jumped 1.50 percent, South Korea’s Kospi rose 1.43 percent and Japan’s Nikkei-225 added 0.99 percent. All major European markets were also trading higher. London’s FTSE was
Gold was trading lower today at the Multi Commodity Exchange for June contracts. The precious metal was down by 934 rupees or 1.28 percent to trade at 71,872 rupees per ten grams. Silver futures for May contracts was lower by 1,772 rupees or 2.12 percent to trade at 81,735 rupees per kilogram, when reports last
Brent Crude slipped today though it remained above 86 dollars a barrel as traders turned their focus back to inflation amid easing tensions in West Asia. The Brent Crude oil futures was lower at 86 dollar and 86 cents, whereas Western Texas Intermediate was down at 83 dollar and 05 cents when reports last
India’s net direct tax collections for FY 2023-24 surged 17.7 percent to 19.58 lakh crore rupees compared to 16.64 lakh crore rupees in the previous financial year and surpassed the budget estimate for FY24 by 1.35 lakh crore rupees, or 7.4 percent. The budget estimate for direct tax mop-up for the previous fiscal was fixed
India’s net direct tax collections for FY 2023-24 surged 17.7 percent to 19.58 lakh crore rupees compared to 16.64 lakh crore rupees in the previous financial year and surpassed the budget estimate for FY24 by 1.35 lakh crore rupees, or 7.4 percent. The budget estimate for direct tax mop-up for the previous fiscal was fixed