The dollar index fell to around 102 at the end of the week, down from 103 at the start of the week

ECI is set to announce the schedule for the 2024 Lok Sabha election on Saturday

At the previous state loan auction, the cut-off yield on the 10-year state government securities was set in a range of 7.36-7.41 per cent

The new rates will be affective from Saturday, according to a government notification released on Friday

The Ministry of Railways on Friday said it is on track to register its best-ever performance in terms of freight loading, overall revenue collection and track laying in the financial year 2023-24. In a press statement, the ministry said, "As per the preliminary data, IR (Indian Railways) has crossed an originating freight loading of 1500 MT today on 15th March, 2024. Previously, IR had achieved the best ever freight loading of 1512 MT during FY 2022-23. "During FY 2023-24, total revenue of Indian Railways stands at Rs 2.40 lakh crore as on date. Last year on 15th March, total revenue was Rs 2.23 lakh crore, an increment of Rs 17,000 crore. Total expenditure of Indian Railways stands at Rs 2.26 lakh crore in FY 2023-24," it stated. According to the ministry, the number of passengers during FY 2023-24 stood at 648 crore, an increment of 52 crore compared to the figures of the same period of last year. Last year, the total number of passengers travelled was 596 crore, it said. So far

Indian white-collar job market is expected to witness optimistic hiring sentiments during the first half of this year, with 92 per cent of recruiters expecting either new or replacement hiring in the first six months of 2024, a survey said on Friday. Naukri's Hiring Outlook Survey is a bi-annual survey conducted amongst 1,200 recruiters and recruitment consultants across sectors pan-India. "Reflecting on our recent Hiring Outlook findings, it's encouraging to see that 92 per cent of recruiters remain optimistic about new and replacement hiring in the first half of 2024. Coupled with anticipation around hiring trends returning to normalcy, the overall hiring outlook, while calibrated, seems to be stable and balanced," Naukri.com Chief Business Officer Pawan Goyal said. The survey further showed that despite challenges in the IT sector, a majority of recruiters still anticipate that IT roles will dominate hiring activities. This is attributed to significant IT recruitment taking plac

India's forex kitty jumped by USD 10.47 billion to USD 636.095 billion for the week ended March 8, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had risen by USD 6.55 billion to USD 625.626 billion. In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year. For the week ended March 8, the foreign currency assets, a major component of the reserves, increased by USD 8.121 billion to USD 562.352 billion, the Reserve Bank of India (RBI) said. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves increased by USD 2.299 billion to USD 50.716 billion during the week, the RBI said. The Special Drawing Rights (SDRs) wer

Sitharaman observed that more people are investing directly in stock market. Finance minister noted stability of Indian stock market, advocating for it to operate independently

RBI had established an Internal Ombudsman (IO) Mechanism in regulated entities to bolster their internal grievance redress processes

Former chief economic adviser Arvind Subramanian on Friday said India's latest GDP numbers are 'absolutely mystifying' and difficult to comprehend. India's economy grew by better-than-expected 8.4 per cent in the final three months of 2023 - the fastest pace in one-and-half years. "I want to be honest with you that the latest GDP numbers, I just simply can not understand them. "I say that with genuine respect and things. They are absolutely mystifying. They don't add up. I don't know what they mean," Subramanian said while speaking at the India Today conclave. The NSO has also revised GDP estimates for the first and second quarters of this fiscal to 8.2 per cent and 8.1 per cent from 7.8 per cent and 7.6 per cent, respectively. Elaborating further, Subramanian said while the implied inflation in these numbers is 1 to 1.5 per cent, actual inflation in the economy is somewhere between 3 and 5 per cent. "The economy is growing at seven and a half per cent, even though private consum

These projects are located in Karnataka, Madhya Pradesh, Gujarat and Assam. The development of an existing ropeway has been proposed between Ujjain Railway Station and Mahakaleshwar Temple in MP

In February, services exports were $32.35 billion, while imports were $15.39 billion. In January, services exports were $32.80 billion and imports were $16.05 billion

Oilmeals export rose 9 per cent year-on-year in February to nearly 5.16 lakh tonnes on higher outward shipments of soyabean meal, according to trade data. In a statement on Friday, Solvent Extraction of India (SEA) said the export of oilmeals in February stood at 515,704 tonne as compared to 4,71,770 tonne in the year-ago period. Of the total oilmeals export last month, the shipments of soyabean meal stood at 3,47,905 tonne and rapeseed meal 1,44,372 tonne. The data showed that the total export of oilmeals during the April-February period of this fiscal increased 19 per cent to 44,90,055 tonne as compared to 37,60,329 tonne in the corresponding period of the previous year. The export of soybean meal during the April-February period of the 2023-24 fiscal rose to 19.34 lakh tonne compared to 7.87 lakh tonne in the same period of the previous year as Indian soybean meal was most competitive in the international market. However, SEA said that soyameal exports might slow down because

India's macroeconomic stability is impressive compared to many of its peers

Russia's share of Indian crude imports rose to 32 percent in February after recent dips

Efforts on to ease FEMA norms, says DGFT Sarangi

It expects 50 bps rate cut by RBI in the second half of 2024

Both petrol and diesel to be cheaper by Rs 2 in Delhi from Friday

Overall demand for oil products up 2.4% or 132,000 barrels per day in February

The prices of manufactured products, which have a weighting of 64.2 per cent in the index, remained in deflation (minus 1.27 per cent) for the twelfth consecutive month in February