Business

April 5, 2023 8:05 AM

Inflation in India will ease to 5.2 % in current fiscal, says World Bank

World Bank has said that inflation in India will further be eased to 5.2 per cent in the financial year 2023-24 against 6.6 per cent in the previous fiscal. In its report, World Bank also projected that the current account deficit of the country will narrow to 2.1 per cent of gross domestic product ...

April 4, 2023 6:07 PM

Oil prices extend gains after OPEC plus plans to cut more production

Oil prices on Tuesday extended gains after OPEC plus plans to cut more production which jolted markets in the previous day. Investors' attention shifting to demand trends and the impact of higher prices on the global economy. In intra-day trade, Brent crude was trading at around 85 dollars ...

April 4, 2023 5:51 PM

S&P 500 ends higher as oil stocks rally

The Dow Jones and the S&P 500 ended higher yesterday lifted by energy stocks. Share of energy-related companies climbed following surprise cuts to the OPEC group's oil output targets. Yesterday, oil prices rose sharply after leading members of the OPEC and their allies including Rus...

April 4, 2023 1:50 PM

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Corporate tax collection increased by nearly 17% in FY23

Corporate tax collection is witnessing continuous growth in the country. In the last financial year, corporate tax collection has registered a growth of nearly 17 percent in comparison to financial year 2021-22. According to the Finance Ministry, over 10 lakh crore rupees were collected as the gross...

April 3, 2023 8:10 PM

Crude oil prices rise after OPEC (Plus) announces to cut production

Global Crude prices today rose sharply after OPEC (Plus), the grouping of the world's largest oil-producing countries, said, they will cut production, a surprise move that stands to boost gasoline bills and inflation in the Western countries. The group announced they were cutting output by ...

April 3, 2023 1:34 PM

India's manufacturing PMI hit 3-month high in March amid demand resilience

India's manufacturing PMI hit a 3-month high in March amid demand resilience. India's manufacturing sector expanded at its quickest pace in three months, boosted by faster expansions in new orders and output amid demand resilience and easing of cost pressures, a private business su...

April 2, 2023 8:31 PM

SAIL achieves best ever annual production during financial year 2022-23

The Steel Authority of India Limited (SAIL) has achieved the best-ever annual production during the financial year 2022-23. The company recorded over 19.4 Million Tonnes of hot metal and around 18.3 Million Tonnes crude steel production. The Ministry of Steel said that the company is continuously ra...

April 2, 2023 7:37 PM

Paradip port handles highest annual traffic among all Ports of the country

Paradip Port has handled a record annual traffic of 135.36 million metric tonnes against 116.13 million metric tonnes during the last financial year. Addressing a press conference in Odisha capital Bhubaneswar on Sunday, PL Haranadh, Chairman, Paradip Port Authority said that the growth in cargo han...

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