Oil prices saw a modest increase in early trading on Tuesday. A barrel (159 liters) of North Sea Brent crude for June delivery was priced at $87.36 in the morning, marking a rise of 36 cents from the previous day. Meanwhile, the price for a barrel of West Texas Intermediate (WTI) from the US climbed … Read more
Bhutan has emerged as the primary beneficiary of grants and loans from the Indian government, securing ₹6,541.79 crore during the fiscal year 2023-24. Following the presentation of the interim budget for 2024 by Union Finance Minister Nirmala Sitharaman, it was revealed that Bhutan surpassed other nations in receiving financial support from India. The allocation from … Read more
The upcoming 2024 Interim Union Budget in India is anticipated to impact various sectors, particularly drawing attention to companies involved in infrastructure development such as roads, ports, and airports. With Prime Minister Narendra Modi’s government gearing up to present its final budget before the upcoming national elections, traders are closely monitoring stocks associated with infrastructure … Read more
HDFC Bank, India’s largest private sector lender, is on the brink of unveiling its Q3 results on January 16. Despite a year of underperformance in comparison to benchmark indices, the bank’s share price has shown resilience, gaining over 9% in the past three months and a modest 5.5% in one year. This stands in contrast … Read more
Artificial Intelligence (AI) has become an integral part of modern life, transforming various aspects of daily routines, workplaces, and technological interactions. The capabilities of AI systems, including automation of tasks, quick analysis of large datasets, and provision of insightful data for decision-making, have significantly impacted efficiency and innovation across industries. To ensure the widespread benefits … Read more
The Indian economy is anticipated to experience a growth of 7.3 percent in the fiscal year 2023-24, slightly higher than the 7.2 percent recorded in the previous year. This growth is primarily attributed to the strong performance seen in mining, quarrying, manufacturing, and certain service sectors. According to the initial advance estimates released by the … Read more
Tata Group is planning to construct a substantial iPhone assembly plant in Hosur, Tamil Nadu, as part of its collaboration with Apple Inc. This plant, intended to be one of India’s largest, is expected to feature around 20 assembly lines and potentially employ up to 50,000 workers within the next two years, although these plans … Read more
In November, the manufacturing sector in India showed signs of recovery, rebounding slightly from the previous month’s low pace. The S&P Global India Manufacturing Purchasing Managers’ Index (PMI), adjusted for seasonal variations, increased from 55.5 to 56, signaling a marginal improvement. Despite this, the positive sentiment among companies dipped to its lowest level in seven … Read more
Mobile internet services in the Indian state of Manipur were abruptly suspended for a five-day period starting from September 26, as reported by the Press Trust of India (PTI). This decision was officially communicated through an order from the Manipur Home Department. The reason cited for this drastic measure was the deteriorating law and order … Read more