Business

July 18, 2019 10:42 AM

India permits 1,239 tonnes raw sugar export to US

The government has permitted the export of 1,239 tonnes raw sugar under its tariff-rate quota (TRQ) to the US, which enables shipments to enjoy relatively low tariff.  TRQ is a quota for a volume of exports that enter the US at relatively low tariffs. After the quota is reached, a higher tariff appl...

July 17, 2019 8:27 PM

Rupee depreciates by 11 paise to close at Rs.68.82 against dollar

The rupee today depreciated by 11 paise to close at 68 rupees and 82 paise against the US dollar due to foreign fund outflows and rising crude oil prices. Forex traders said cautious trading in the domestic equity markets also weighed on the local unit. However, weakening of the greenback vis-a-vis ...

July 15, 2019 7:24 PM

Sensex surges 160 points; Nifty settels at 11,588

Domestic equity benchmarks, Sensex and Nifty, today climbed driven by gains in IT stocks and positive macroeconomic data. The rupee also appreciated 15 paise against the US currency. Sensex at Bombay Stock Exchange climbed 160 points or 0.41 per cent to end at 38,897. Nifty at National Stock Exchang...

July 15, 2019 1:00 PM

Wholesale inflation declines in June

Wholesale price-based inflation declined for the second consecutive month to its 23-month low of 2.02 per cent in June, helped by a decline in prices of vegetables as well as fuel and power items.  According to official data released today, the Wholesale Price Index (WPI)-based inflation was at 2.45...

July 13, 2019 9:29 AM

Inflation rises marginally to 3.18% in June

Retail inflation increased marginally to 3.18 per cent in June over the previous month, mainly due to the rise in food prices. According to official data, the retail inflation based on the Consumer Price Index (CPI) stood at 3.05 per cent in May and 4.92 per cent in June last year. The data released...

July 13, 2019 8:53 AM

Mining, manufacturing pull down IIP growth to 3.1 pc in May

Industrial output growth slipped to 3.1 per cent in May mainly on account of subdued performance of mining and manufacturing sectors. According to government data, the Index of Industrial Production (IIP) had expanded by 3.8 per cent in May last year. The index grew at 4.3 per cent in April and 0.4 ...

July 12, 2019 10:09 PM

India, US restart bilateral trade talks

India and the US discussed the broad contours of bilateral trade and commercial ties and agreed to continue their discussions for achieving mutually beneficial outcomes aimed at further growing the economic relationship and addressing mutual trade concerns. A delegation led by Assistant United State...

July 12, 2019 7:43 PM

Industrial production grows at 3.1 pc in May

Industrial production grew at 3.1 per cent in May, mainly on account of improvement in power generation, according to official data released today. According to Ministry of Statistics and Programme Implementation data, Index of Industrial Production (IIP) had expanded by 3.8 per cent in correspondin...

July 12, 2019 6:28 PM

Retail inflation increases marginally to 3.18 pc in June

Retail inflation increased marginally to 3.18 per cent in June this year over the previous month, mainly due to rise in food prices. According to Ministry of Statistics and Programme Implementation data released today, the retail inflation based on the Consumer Price Index (CPI) stood at 3.05 per ce...

July 10, 2019 5:10 PM

Gold prices rule flat in Delhi bullion market

Gold prices today ruled flat at 34,870 rupees per 10 gram in Delhi bullion market. Silver also remained steady at 38,900 rupees per kg.  Globally, spot gold was trading lower at 1,391 US dollars and 39 cents an ounce, while silver was down at 15 dollars and seven cents per ounce in New York. 

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