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April 16, 2024

Exports shrink 3% in FY24 but tide is turning: Govt

Snapping the trend of growth in three consecutive months, goods exports in March year-on-year (Y-oY) contracted a moderate 0.67 per cent to $41.68 billion due to falling commodity prices and persistent geopolitical challenges.

2 mins

ABOVE-NORMAL RAINFALL LIKELY THIS MONSOON: IMD

In what could come as a relief to the government's fight against inflation, the India Meteorological Department (IMD) predicted an 'above-normal' monsoon in 2024, which quantitatively could be around 106 per cent of the long period average (LPA).

1 min

West Asia flare-up roils equity, rupee

Losses limited amid diplomatic efforts to contain the crisis

1 min

Smartphone makers pin hopes on new launches after tepid March qtr

Longer replacement cycle, slower shiftto 4G a dragon sales

1 min

PE investments in realty pie shrink, down 30% since FY20

The aggregate value of private equity (PE) deals in Indian real estate declined nearly 30 per cent to $3.6 billion in 2023-24 (FY24) compared to $5.1 billion in FY20, according to a report released on Monday.

1 min

Raveendran tightens grip on Byju's as India CEO quits

TO HANDLE DAY-TO-DAY OPS FIRM TO NOW HAVE 3 DIVISIONS 00

2 mins

Vi earmarks ₹5.7K crore to roll out 5G services

Plans to use ₹18K cr FPO proceeds to upgrade infra, clear deferred payments

2 mins

Tesla eyes Delhi, Mumbai for first India showroom

US electric carmaker Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said.

1 min

Weak demand may persist for apparel retailers in Q4

Jewellery firms may witness strong growth

1 min

Vedanta secures ₹3.9K cr PFC loan

Mining conglomerate Vedanta Ltd has secured an 11-year term loan of ₹3,918 crore from Power Finance Corporation Ltd (PFC), sources said.

1 min

TCS counts on higher pricing to boost margin

Having exited FY24 with an operating profit within its aspirational band, the country's largest IT services company TCS will be looking at expanding further on the key metric by raising deal pricing, besides deploying other levers, and look to take it \"as close to\" 28 per cent as possible, a top company official has said.

1 min

Some states saw higher inflation than national average

A number of them had higher inflation every month in FY24

2 mins

Israel outweighs Iran in trade with India since '19

Trade links with Israel have strengthened in the past few years, even as the value of goods exchanged with Iran has diminished.

1 min

Centre in a huddle to assess impact of Israel-Iran flare-up

Inter-ministerial meets, stakeholder talks take off

3 mins

Wholesale inflation rises to 3-month high in March

The headline wholesale price index (WPI)-based inflation inched up to a three-month high of 0.53 per cent in March from 0.2 per cent in February.

1 min

Worry takes root even as hope grows in fields of western UP

Nearly 30 km from Moradabad, dusty roads flanked by sugarcane fields lead to Kalakhera village in Joya block, Amroha district.

2 mins

Unveiling Vidarbha: Of no half measures and brutal contrasts

At this time of year, the temperature in Chandrapur should be 40°C.

3 mins

Modi Hints At Bringing Fresh Scheme For Electoral Funding

Prime Minister (PM) Narendra Modi has said that the Opposition received the lion's share of the donations from companies that purchased the bonds after being investigated by probe agencies and is now spreading misinformation on the issue.

2 mins

At ₹100 cr a day, EC seizures this time highest in 75 years

The Election Commission (EC) on Monday said enforcement agencies had seized ₹4,658.16 crore worth of narcotics, alcohol, cash, precious metals, and other freebies meant as inducements for voters.

2 mins

Global firms pick India for digital services: Nasscom

India continues to be the preferred destination for global businesses aiming to build and expand their digital services portfolio, according to a recent study by industry body Nasscom in partnership with Avasant.

1 min

Customs should not hold up exports due to valuation issues

We cleared the goods manufactured by us into DTA after reversing the BCD and SWS. Now, the DTA party has rejected the goods.

2 mins

Israel's objective: Hurt Iran, avert war

IS ITS WAR CABINET FOR COORDINATED ACTION WITH US ALL-OUT DIPLOMATIC EFFORTS TO AVOID ESCALATION

2 mins

China's pvt builders face $553 bn gap to complete homes

Chinese private developers face a 4 trillion yuan ($553 billion) funding gap to complete pre-sold homes, adding to the woes of an industry that has yet to bottom out, according to a research report by Goldman Sachs Group Inc.

1 min

Singapore PM Lee to hand reins to Wong after 2 decades

Long-time Singapore Prime Minister Lee Hsien Loong announced on Monday he would hand over power to his designated successor, Lawrence Wong, on May 15, ahead of an election that must be by held next year.

1 min

Tesla to lay off more than 10% of staff globally

Tesla will lay off more than 10 per cent of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales amid an intensifying price war for electric vehicles.

1 min

HUSH MONEY TRIAL BEGINS AGAINST FORMER US PRESIDENT -  This is political persecution: Trump

Donald Trump became the first former US president to stand criminal trial on Monday when he appeared in a Manhattan court to face charges stemming from a hush-money payment to a porn star that could complicate his bid to win back the White House.

1 min

Flare-up adds to headache on airlines' Europe-Asia route

Global airlines faced disruptions to flights on Monday after Iran's missile and drone attacks on Israel further narrowed options for planes navigating between Europe and Asia.

2 mins

Apple loses top phonemaker spot to Samsung

Apple's smartphone shipments dropped about 10 percent in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot, data from research firm IDC showed on Sunday.

1 min

Smallcap schemes witness easing of stress levels

Majority of large-sized smallcap schemes deployed cash amid correction in March ABHISHEK KUMAR Mumbai, 15 April Few of the smallcap schemes like that of State Bank of India (SBI), Axis and Quant showed improvement on the liquidity front in the latest round of stress tests.

1 min

SANKALP PATRA UNLOCKS INVESTMENT THEMES- Auto, steel, cement, NBFCs sweep the brokerage vote

Stocks in the automotive, financial, cement, metal, and hotel sectors are likely to benefit if the Narendra Modi-led Bharatiya Janata Party (BJP) comes back to power for a third time.

2 mins

Jio-BlackRock JV to launch wealth mgmt, broking biz

Jio Financial Services, led by Mukesh Ambani, plans to venture into the stockbroking and wealth management business through an equal joint venture (JV) with US-based BlackRock.

1 min

₹hits record low amid W Asia unrest

The rupee settled at record closing low of 83.45 per dollar on Monday amid escalating tensions in the West Asia, which put pressure on Asian currencies.

1 min

Bypass MFs' foreign investment limits, access wider product menu via LRS

Consider this route after developing a robust domestic portfolio

3 mins

'Indian Stock Markets Getting Overconfident'

Indian stock markets have been on an uptrend with the Sensex crossing the 75,000 mark for the first time recently. JIM ROGERS, chairman of Rogers Holdings, tells Puneet Wadhwa in a video interview that there is too much exuberance developing in the Indian stock markets. Edited excerpts:

3 mins

AT A CROSSROADS

Zee's plan to gun for growth on it own holds perils as well as promise

4 mins

What does the NSS data imply for GDP estimates?

Just as Judas betrayed Jesus, it may well be the case that the new National Sample Survey (NSS) consumption data betrays the measurement problems in the National Income Accounts (NIA).

3 mins

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