India received the highest foreign direct investment (FDI) from Singapore in 2023-24 even as overseas capital inflows into the country contracted by about 3.5% due to global economic uncertainties, according to the latest government data. Though FDI from Singapore has dipped by 31.55% to $11.77 billion in 2023-24, India has attracted the maximum inflows from…
For representative purposes. | Photo Credit: iStockphoto Rahul Gandhi’s statements regarding redistribution — and the polarising rebuttal of Prime Minister Narendra Modi — have brought the topic of inequality to the forefront. Researchers from the Paris School of Economics have shown inequality in modern India to be greater than colonial times. Several argue that inequality…
Image used for representational purpose. | Photo Credit: Reuters India’s factory activity levels dropped to a three-month low in May, with output levels easing due to the heat wave that led a reduction in working hours amid intensive heat and a rise in production costs that flared up to a level only experienced once over…
The grid met a record peak load of 250 million kilowatts on May 30, which shattered the previous record of 240 million kilowatts set in September 2023. File | Photo Credit: BHAGYA PRAKASH K India’s electricity grid has remained stable despite a record-shattering heatwave in May, demonstrating a high degree of technical skill and avoiding…
Prime Minister Narendra Modi plans a raft of business-friendly measures if he wins a third term this week, including pushing through regulations making it easier to hire and fire workers, according to two government officials familiar with the matter. As part of an election pledge to transform India into a global manufacturing hub, Mr. Modi…
State Bank of India (SBI)‘s market capitalisation crossed the ₹8 lakh crore mark on June 3. File | Photo Credit: Reuters The market capitalisation of the State Bank of India (SBI) crossed the ₹8 lakh crore mark on June 3 after the bank’s shares surged to a record high of ₹907. SBI is now the…
Congress leader Jairam Ramesh | Photo Credit: PTI As financial markets went for a tumble on June 4 after the trends of the Lok Sabha poll results showed that the BJP was not getting a majority on its own, the Congress said the markets were given an artificial booster dose by the exit polls and…
Until the mid-2010s, banks used to lend massive loans to big industries. When these businesses failed, their loans turned sour. Such bad loans stayed hidden for sometime. In 2015, the Reserve Bank of India (RBI) carried out a review, following which skeletons tumbled out of the closet. The share of bad loans reached as high…
Image for representation. | Photo Credit: The Hindu The Netherlands has emerged as India’s third largest export destination after the U.S. and UAE during 2023-24, even as the country’s merchandise shipments dipped by over 3%, according to the Commerce Ministry data. The main commodities which registered healthy exports growth in the Netherlands include petroleum products…
Photo used for representation purpose only. | Photo Credit: Sushil Kumar Verma India’s food inflation may have hardened further in May, as the average cost of a home-cooked vegetarian meal in India surged 9% compared with 8% in April to hit a four-month high. Tomato, onion, and potato prices surged around 40%, while the inflation…
