The Department of Commerce building in Washington D.C. File | Photo Credit: Reuters The story so far: The government is still gauging the impact of a decision by the U.S. Treasury department to impose sanctions on 19 Indian entities among nearly 400 companies, mainly for supplying “dual-use” technologies to Russia. In addition, the Bureau of…
Tough ties: U.S. had imposed tariffs on more than $360 billion of Chinese products during Trump’s previous term in office. File picture of U.S. President Donald Trump attending a bilateral meeting with China’s President Xi Jinping during the G20 leaders summit in Osaka, Japan, in 2019. | Photo Credit: Reuters The first time China faced Donald…
The latest data also highlighted a recovery in growth of new export sales across India’s service economy. File (Representational image) | Photo Credit: Reuters India’s services Purchasing Managers’ Index (PMI)recovered from its ten-month low in September to reach 58.5 in October supported by strong expansions in output and new business, which in turn boosted job…
A Reserve Bank of India (RBI) logo | Photo Credit: Reuters The Finance Ministry has invited applications for the post of RBI Deputy Governor in the place of Michael Debabrata Patra, whose extended term is coming to an end on January 14, 2025. This position of RBI Deputy Governor is for economists. The selected candidate…
File image used for representative purpose only | Photo Credit: R. Ragu The Reserve Bank of India (RBI) on Monday (November 4, 2024) said 98.04% of the ₹2000 banknotes have been returned to the banking system, and only ₹6,970 crore worth such notes are still with the public. On May 19, 2023, the RBI announced…
A Reserve Bank of India (RBI) logo | Photo Credit: Reuters The Finance Ministry has invited applications for the post of RBI Deputy Governor in the place of Michael Debabrata Patra, whose extended term is coming to an end on January 14, 2025. This position of RBI Deputy Governor is for economists. The selected candidate…
Photo for representational purpose. | Photo Credit: B. Jothi Ramalingam Manufacturing activity in India’s private sector recovered in October, breaking a three-month streak of deceleration after hitting an eight-month low in September, as per the survey-based HSBC India Manufacturing Purchasing Managers’ Index (PMI) which inched up to 57.5 from 56.5 in the previous month. A…
The elevated valuations of Indian equities have triggered a shift in investments towards China, where valuations are currently more attractive. File | Photo Credit: The Hindu Foreign investors pulled out a massive ₹94,000 crore (around USD 11.2 billion) from the Indian stock market in October, making it the worst-ever month in terms of outflows, triggered…
HUL, Godrej Consumer Products Ltd (GCPL), Marico, ITC, and Tata Consumer Products Ltd (TCPL) have expressed concerns over squeezing urban consumption. Representational file image. | Photo Credit: M. Karunakaran Leading FMCG companies reported a decline in margins in the September quarter on account of higher input costs and food inflation, which ultimately slowed down the…
Representative image | Photo Credit: Getty Images Gross GST collection grew 9% to over ₹1.87 lakh crore in October on higher revenues from domestic transactions. India’s Gross Goods and Services Tax (GST) collections surpassed ₹1.87 lakh crore in October, marking the second highest monthly collections on record, with growth rebounding to 8.9% in October from…
