NEW DELHI: Around a year ago, the plywood and MDF board industry had approached the govt, vehemently opposing the move to impose quality control order (QCO), providing specifications that domestic and industry players would have to follow.Late last month, when an industry delegation met commerce and industry minister Piyush Goyal, they were keen that the govt rolled it out by …
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NEW DELHI: Manufacturing activity in the country slowed to 12-month low in December as factory orders and production expanded at a softer rate.December data showed the sector improving to the least extent in 2024, amid softer increases in output, new orders and stocks of purchases. Rates of growth remained substantial, however, underpinning further expansions in buying levels and employment. The …
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MUMBAI: Ketan Parekh, the infamous market operator who was once jailed for stock exchange-related manipulations, is in Sebi‘s net again. The markets regulator has unearthed a front-running scheme in which Parekh (also nicknamed KP) was one of the main brains. Along with Rohit Salgaocar – a Singapore citizen of Indian origin – KP orchestrated a scheme to front-run the trades …
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MUMBAI: Across-the-board buying lifted the sensex by nearly 2% on Thursday to above the psychologically important 80K mark again. It closed slightly lower, however, at 79,944 – up 1,436 points on the day. An absence of most foreign funds during the ensuing holiday season helped the day’s rally, market players said. Over the last three months, foreign portfolio investors have …
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A recent report by financial services firm Jefferies suggests that the government should raise capital expenditure (capex) by 10-12 per cent in the union budget 2025-26 to maintain its focus on infrastructure development and ensure confidence among stakeholders.“10-12 per cent YoY capex growth in Feb budget, based on broadly maintaining capex to GDP ratio, is needed for confidence that government …
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NEW DELHI: Unified Payments Interface (UPI) achieved unprecedented record of 16.73 billion in December, showing an 8 per cent increase compared to the previous month’s figure of 15.48 billion, according to the National Payments Corporation of India (NPCI).UPI transaction count was 15.48 billion in the month of November, according to news agency PTI.The transaction value reached Rs 23.25 lakh crore …
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Rupee is likely to experience slight depreciation in 2025, driven by volatile foreign portfolio investor (FPI) flows and a potentially stronger US dollar, as per a Bank of Baroda report. Despite a 2.8 per cent depreciation in 2024, INR outperformed several global currencies, aided by the Reserve Bank of India’s (RBI) active forex market interventions to manage fluctuations.India’s foreign exchange …
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NEW DELHI: India’s textiles and apparel exports, including handicrafts, grew by 7 per cent in the April-October period of FY24, reaching $21.35 billion compared to $20 billion during the corresponding period last year, according to government data released on Thursday.The textiles ministry revealed that ready made garments category occupied the largest share of 41 per cent, with exports worth $ …
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NEW DELHI: TVS Motor Company announced a 7 per cent growth in monthly sales for December 2024, with 321,687 units sold compared to 301,898 units in the same month last year, according to a company statement released on Thursday.Sales in the company’s overall two-wheeler segment rose 8 per cent from 290,064 units in December 2023 to 312,002 units in December …
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Small savings schemes include the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY). (AI image) Post Office Savings Schemes Interest Rates January-March 2025: The Finance Ministry announces the interest rates for small savings schemes, also popularly called the post office savings schemes, every quarter. Small savings schemes include the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Mahila Samman Savings …
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