New Delhi: India’s exports rose by 6.21 per cent to USD 33.57 billion in October this year, as against USD 31.6 billion a year-ago, government data showed on Wednesday. Imports also increased to USD 65.03 billion in the month under consideration, as against USD 57.91 billion recorded in October 2022. The country’s trade deficit…
It is generally assumed or expected that a country’s stock market performance should be positively correlated with its GDP growth. Thus, if a country is doing well on the growth front, its stock market should do well. Similarly, growth slowdown should lead to corrections in stock market indices, for instance the Sensex or the Nifty…
Domestic markets witnessed a strong rally on Wednesday, Around 1:35 pm, the S&P BSE Sensex was up 713.33 points, reaching 65,647.20, while the NSE Nifty 50 gained 224.40 points to 19,667.95. The broader market indices also displayed significant gains, notably the Nifty Smallcap 100, which saw a rise of 1.41 per cent. What’s fuelling the…
The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. Diwali sent a surprise gift on its way out or Christmas…
Generic injectable-focused pharmaceutical firm Gland Pharma Ltd on Wednesday announced receiving tentative approval from the United States Food and Drug Administration (USFDA) for an injection used in the treatment of low blood pressure. The Hyderabad-based company has received approval for the Angiotensin II Injection, 2.5 mg/mL Single Dose Vial, according to a stock exchange filing….
Mastercard and Times Internet-backed Instamojo has ceased its core payment aggregator business after the Reserve Bank of India returned its license application. “As of Sept. 27, we have shut down the payment aggregator business for which you require a licence,” Chief Operating Officer Akash Gehani told BQ Prime. “Our application has been returned by…
Amid China’s slowing economy, geopolitical tussle with the United States and low interest rates, foreign businesses have started pulling money out of the market of China at a faster rate compared to what they have been putting in, as per official data. The country’s economic potential has been placed in a cloud of doubt amid…
The Russian rouble on Wednesday soared to its highest levels since early July against the dollar, boosted by continued supply of foreign currency by exporters, high interest rates and relatively strong oil prices. The rouble firmed 0.9 per cent to 89.80 by 0821 GMT, after earlier hitting 89.57, its strongest level since July 5….
The capital city of New Delhi witnessed a groundbreaking Workshop and exhibition organized by the Action Alliance for Recycling Beverage Cartons ( AARC ) on November 7th, 2023. Themed “Waste Management: Beyond Compliance, Towards Circularity,” the event made waves by uniting over 150 delegates with MOEFCC, Manufacturers of packaging material Tetra Pak, SIG Combibloc…
Index provider MSCI raised India’s weightage in its Global Standard (Emerging Markets) index to 16.3% from 15.9% on Tuesday, a move likely to increase the flow of foreign funds after a two-year lull. This marks “a significant increase over the past three years, almost doubling its weight,” according to a note by Nuvama Alternative…