Economy

Forex Reserves Slide To $600.423 Billion In April

Forex Reserves Slide To $600.423 Billion In April

Press Trust of India | Friday April 29, 2022, Mumbai

The country's foreign exchange reserves decreased by $3.271 billion to $600.423 billion in the week ended April 22, RBI data showed

More Than 25 Anchor Investors Have Shown Interest In LIC IPO: Official

More Than 25 Anchor Investors Have Shown Interest In LIC IPO: Official

Press Trust of India | Friday April 29, 2022, Kolkata

The proposed maiden public offer by state-owned LIC has received interests from more than 25 anchor investors both foreign and domestic

Documents And Data Seized From Amazon, Flipkart Sellers After Raids: Report

Documents And Data Seized From Amazon, Flipkart Sellers After Raids: Report

Reuters | Friday April 29, 2022, NEW DELHI

Competition Commission on Thursday raided two top domestic sellers on Amazon's platform - Cloudtail and Appario - and also some sellers on Flipkart

Government Seeks To Attract Companies For Semiconductor Production

Government Seeks To Attract Companies For Semiconductor Production

Reuters | Friday April 29, 2022, BENGALURU

India will provide support for companies looking to invest in semiconductor manufacturing

Banks To Hold Talks On Waiving Off Students' Loans For Ukraine Studies

Banks To Hold Talks On Waiving Off Students' Loans For Ukraine Studies

Reported by Animesh Singh | Thursday April 28, 2022

According to Finance Ministry sources, as many as 1,319 students had availed education loan from public sector and 21 private sector banks

Telecom Minister Says 5G Spectrum Auction May Happen In Early June

Telecom Minister Says 5G Spectrum Auction May Happen In Early June

Press Trust of India | Thursday April 28, 2022, New Delhi

The government is likely to hold 5G spectrum auction in early June, telecom minister Ashwini Vaishnaw said on Thursday

Wrong Time To Bring LIC's IPO, Says P Chidambaram

Wrong Time To Bring LIC's IPO, Says P Chidambaram

Reported by Nidhi Razdan, Edited by Animesh Singh | Wednesday April 27, 2022

Mr Chidambaram wondered as to why the Government was desperate to bring the LIC IPO after it had missed the March 31, 2022 deadline

Chemicals Exports Touched $29.3 Billion In 2021-22

Chemicals Exports Touched $29.3 Billion In 2021-22

Press Trust of India | Wednesday April 27, 2022, New Delhi

Chemicals exports have touched $29.3 billion in 2021-22 on account of healthy performance in areas like agrochemicals, dyes and speciality chemicals

Government Has Taken Measures To Strengthen IPR Regime: Official

Government Has Taken Measures To Strengthen IPR Regime: Official

Press Trust of India | Tuesday April 26, 2022, New Delhi

Government has taken a series of measures, including reducing the number of forms for trademarks and patents, to further strengthen the IPR regime

RBI To Hike Rates In June, With A Faster Tightening Path Likely On Surging Inflation: Report

RBI To Hike Rates In June, With A Faster Tightening Path Likely On Surging Inflation: Report

Reuters | Tuesday April 26, 2022, BENGALURU

The Reserve Bank of India will raise its repo rate in June and hike at a faster pace than predicted just a few weeks ago as a surge in inflation puts pressure on the central bank to act quicker, a Reuters poll showed.

Crude Oil Prices Recover To Trade In A Narrow Range, After A Sharp Drop Previously

Crude Oil Prices Recover To Trade In A Narrow Range, After A Sharp Drop Previously

Reuters | Tuesday April 26, 2022, Oil prices opened slightly higher on Tuesday after falling sharp

Oil prices opened slightly higher on Tuesday, after falling sharply the prior session on worries that continued COVID-19 lockdowns in China would eat into demand and as the U.S. dollar rose to a two-year high.

Government Aims To Enhance Coal Output, Ensure Timely Supply To Power Plants

Government Aims To Enhance Coal Output, Ensure Timely Supply To Power Plants

Reported by Animesh Singh | Monday April 25, 2022

After almost two years, out of the 292 coal mines offered for auction in four rounds, only 42 mines have been successfully auctioned in three rounds

Government Has Bought 137 Lakh Tonnes Wheat In Current Rabi Season

Government Has Bought 137 Lakh Tonnes Wheat In Current Rabi Season

Press Trust of India | Monday April 25, 2022, New Delhi

Centre has procured 136.93 lakh tonnes of wheat till April 24 of the 2022-23 Rabi marketing year at the MSP for Rs 27,592 crore

Power And Railway Ministers Hold Meeting To Discuss Ways To Tackle Energy Crisis

Power And Railway Ministers Hold Meeting To Discuss Ways To Tackle Energy Crisis

Edited by Animesh Singh | Monday April 25, 2022

Amid threats of a rising energy crisis, Power Minister R K Singh and Railway Minister Ashwini Vaishnaw held deliberations

Sensex Falls Over 600 Points And Nifty Down Below 17,000, Tracking A Broader Sell-Off In Risk Assets

Sensex Falls Over 600 Points And Nifty Down Below 17,000, Tracking A Broader Sell-Off In Risk Assets

Edited by Rahul Karunakar | Monday April 25, 2022

Indian shares fell sharply on Monday as prospects of aggressive rate hikes by the US Federal Reserve hit investors' appetite for risky assets.