The ministry of coal plans to produce 1,404 million tonnes (MT) of coal by 2027 and increase it to 1,577 MT by 2030, at the current level of production of about one billion tonne per annum. The coal supplied to domestic coal-based power plants is around 821 MT for the current year, the ministry…
Continuing the downward trend, retail inflation slipped to a four-month low of 4.87 per cent in October, mainly due to easing food prices and inched towards the Reserve Bank’s target of 4 per cent, according to government data released on Monday. The Consumer Price Index (CPI) based retail inflation fell to a three-month low…
Mumbai: The rupee consolidated in a narrow range and settled lower by 4 paise at 83.32 (provisional) against the US dollar on Monday, tracking a negative trend in domestic equities. Persistent foreign fund outflows also weighed on the local unit, forex traders said. At the interbank foreign exchange market, the local unit opened at…
The spike in energy prices could be a result of the escalating Middle East conflict, according to a new report The conflict in the Middle East threatens to disrupt the oil supply and subsequently hurt global economic growth in 2024, Fitch Ratings has warned. In a report on Friday, the agency outlined a potential scenario…
The benchmark indices, Sensex and Nifty fell on Monday on the back of selling pressure in IT, consumer durables and financial stocks. Investor caution prevailed as the market awaited the release of inflation data due later in the day. The 30-share BSE Sensex relinquished gains made on Diwali day, falling by 325.58 points or…
New Delhi: The retail inflation eased to a four-month low of 4.87 per cent in October, mainly due to cooling prices of food items, government data showed on Monday. The Consumer Price Index (CPI) based retail inflation fell to a three-month low of 5.02 per cent in September. The previous low inflation was recorded at 4.87…
Benchmark stock indices Sensex and Nifty declined on Monday due to selling pressure in IT, consumer durables and financial stocks as investors turned cautious ahead of the release of inflation data. Giving up Diwali day gains, the 30-share BSE Sensex fell 325.58 points or 0.50 per cent to settle at 64,933.87. During the day,…
The National Statistical Office (NSO) has released the latest data, revealing a drop in India’s headline retail inflation for October to 4.87%, down from 5.02% in September. This decline brings headline inflation comfortably within the Reserve Bank of India’s (RBI)’s preferred range of below 6%. In contrast, the inflation rate stood at 7.56% in September…
E-commerce, Telecommunications, BFSI, and IT are the most sought-after sectors for freshers due to substantial career growth opportunities and better environment and work-life balance, according to a survey. The survey, which included over 10,000 participants, noted a 22 per cent increase in applications for the e-commerce sector. The BFSI sector showed an 18 per…
Hero MotoCorp expects demand momentum for two-wheelers to build up further in the domestic market with economic indicators remaining positive, according to a top company executive. The country’s largest two-wheeler maker, which recently announced its foray into the European market, is revamping its sales infrastructure and is aiming to have at least 100 premium…