Brent crude futures were up 53 cents, or 0.7%, at $82.93 a barrel by 1:48 p.m. ET (1848 GMT), and touched $83.57, their highest price since November

The share of Delhi-NCR in the total demand across five cities came down to 20 per cent from 36 per cent in the 2022 calendar year

Former RBI Governor Rajan highlighted the fact that India has maintained an average growth rate of six per cent over the past 25 years, which is no easy feat for any country

The scheme aims to promote India's exports on a sustained basis

FM is backed by a strong team of bureaucrats and economists in charting out the future strategy in the upcoming budget

The finance ministry in a post on X detailing the outcome of the budget announcements, informed about the halving of equity support and deferring of filling strategic reserves

The UN trade body sounded an alarm on Thursday that global trade is being disrupted by attacks in the Red Sea, the war in Ukraine, and low water levels in the Panama Canal. Jan Hoffmann, a trade expert at the United Nations Conference on Trade and Development known as UNCTAD, warned that shipping costs have already surged and energy and food costs are being affected, raising inflation risks. Since attacks by Yemen's Houthi rebels on ships in the Red Sea began in November, he said, major players in the shipping industry have temporarily halted using Egypt's Suez Canal, a critical waterway connecting the Mediterranean Sea to the Red Sea and a vital route for energy and cargo between Asia and Europe. The Suez Canal handled 12 per cent to 15 per cent of global trade in 2023, but UNCTAD estimates that the trade volume going through the waterway dropped by 42 per cent over the last two months, Hoffmann said. Since November, the Iranian-backed Houthis have launched at least 34 attacks on

For lenders, however, the problem with adding new borrowers is the incremental cost

HDFC Bank further said LIC has been advised by RBI to acquire the aforesaid major shareholding in the bank within a period of one year, i.e., by January 24, 2025

This is because increasing agricultural output without investing in processing facilities can harm farmers' earnings and cause rural distress

Lower fund raise amid widening yield spread, tight liquidity

The Union Cabinet on Wednesday approved Rs 8,500 crore financial incentives for coal gasification projects in three categories

But, no mention of ethanol from cane juice and b-heavy molasses

December saw highest addition of cards in 2023

Banks bid 3.08 trillion against notified amount of Rs 2.5 trillion

Three infrastructure projects of roads and railways worth Rs 9,600 crore have been recommended for approval under the PM Gati Shakti initiative, an official statement said on Thursday. These projects were assessed in the 64th Network Planning Group (NPG) meeting on October 17. "During the meeting, the NPG discussed three proposed greenfield projects of Ministry of Railways (1) and Ministry of Road Transport and Highways (2), with an aggregate project cost worth about Rs 9,600 crore," the commerce and industry ministry said. The meeting was chaired by Special Secretary (Logistics), Department for Promotion of Industry and Internal Trade (DPIIT), Sumita Dawra. The inter-ministerial NPG meets every fortnight and appraises infra projects to ensure multi-modality, synchronisation of efforts, and comprehensive development in and around the project location. The initiative was launched to develop an integrated infrastructure to reduce logistics costs. All logistics and connectivity ...

India may peg its gross market borrowing for next fiscal year at between 15 trillion rupees ($180.47 billion) and 15.5 trillion rupees

Finance Minister Nirmala Sitharaman on Thursday said the government is close to reaching saturation in implementing social sector schemes designed to provide basic necessities to the poor. Addressing the students of Hindu College on the occasion of its 125th anniversary, she said the time has come for India to become economically 'aatmanirbhar' (self-reliant) and march forward to become a developed nation by 2047. Regretting that 60 years since Independence passed without any sense of urgency, Sitharaman said, "we have laid the material foundation for a Viksit Bharat" and empowering people by providing basic necessities to all. Even earlier government had schemes of providing houses, roads etc but the sense of urgency was missing, she said, adding, nearly 50 per cent of the population were devoid of fundamental things 50 or 60 years post independence. "So that's the underlying principle with which between 2014 and today we have done with a sense of urgency. Push the border forward,

Investment firm Brookfield is betting on growth in India, whose economy is outpacing that of other large countries and where smartphone usage is increasing rapidly

The Kerala Government on Thursday criticised the BJP-led Centre's fiscal approach towards the state, noting that the state had to seek a solution to the financial impasse in the Supreme Court. The state government also clarified that only 3.7 per cent of Kerala's own tax revenue comes from alcohol, which is one of the lowest percentages among all states, contrasting with those where it can be as high as 22 per cent. These were part of the customary policy address which was presented before the State Assembly by Governor Arif Mohammed Khan. Khan swiftly concluded the address by reading out only its final paragraph. "My Government places the considered opinion before the Union Government that Kerala should be ensured it's well deserved share in the distribution of taxes. My Government views with concern the holding back of eligible grants and share of assistance in Centrally Sponsored Schemes. "My Government is put to added liquidity stress because of the retrospective cut in borrowi