Saturday, October 8, 2022

Skyrocketing veggie, fruit prices hit common man hard

Surging prices of vegetables and fruits are hitting the common man badly making them shell out more money upsettting their budget in Delhi and the National Capital Region.

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Friday, October 7, 2022

Hero Moto enters electrics with Vida



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ITAT says no to addition of Rs 115 crore to RAW Pressery Income by I-T

The income tax department had questioned fund infusion in the company by private equity investors, Sequoia Capital India Investments and Saama Capital India Ltd, terming the valuation report submitted by RAW Pressery as unreliable. Tax authorities observed that the company's financials did not justify the high valuation at which the infusion was made.

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World facing '5th wave' of debt crisis: World Bank chief

he world is facing a "fifth wave of debt crisis," World Bank President David Malpass warned Friday, calling for more support for countries in distress.

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India can increase footwear exports by 10 times in near future: Goyal

Goyal said that about 7,000 small industries units are connected with the footwear sector which holds great significance to the economy and foreign exchange earnings of the country. India is the 2nd largest producer of footwear and leather garment and can become world leader and accounts for nearly 3 billion square feet of world's tannery, he added.

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Thursday, October 6, 2022

WTO cuts global trade forecast for 2023 to 1%

World trade is expected to lose momentum in the second half of 2022 and remain subdued in 2023, as multiple shocks weigh on the global economy, the multi-lateral body has said in a statement.

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India's services sector growth slumped to 6-month low in September

The S&P Global India services Purchasing Managers' Index fell to 54.3 in September from August's 57.2, much lower than the Reuters poll expectation for a gentle drop to 57.0.

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Wednesday, October 5, 2022

Sept services growth slumped to 6-month low on cooling demand: Report

Despite staying above the 50-mark separating growth from contraction for the fourteenth straight month - the longest stretch of expansion since October 2016 - the index fell to its lowest since March.

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Bond yields climb on index inclusion push back, oil price rise

Indian government bond yields jumped in early trading on Thursday after the country was not immediately included in J.P. Morgan's emerging market index and as rising oil prices also added to worries about rising inflation.

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